MCNS: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
MCNS
Largest movements
- Cash -€14,820
down €14,820 (-24.8%), from €59,771 to €44,951
mainly Contributions, distributions and other (-€413,396) and Deferred charges and accrued income (-€12,530)
- Tangible fixed assets -€13,708
down €13,708 (-19.6%), from €69,861 to €56,153
of which Furniture and vehicles: -€13,599
- Deferred charges and accrued income +€12,530
up €12,530 (+599.0%), from €2,092 to €14,622
- Receivables within one year -€5,466
down €5,466 (-5.4%), from €100,435 to €94,969
of which Trade receivables: -€9,840
- Reserves -€220,546
no longer reported in 2025 (was €220,546)
- Other debts +€190,020
up €190,020 (+3123.9%), from €6,083 to €196,103
- Trade debts +€11,673
up €11,673 (+482.6%), from €2,419 to €14,092
- Contributions -€2,612
down €2,612 (-83.9%), from €3,112 to €500
- Gross operating margin +€7,839
up €7,839 (+3.0%), from €257,593 to €265,431
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €232,159 | €210,694 | -€21,464 | -9.2% |
| Fixed assets | 21/28 | €69,861 | €56,153 | -€13,708 | -19.6% |
| Tangible fixed assets | 22/27 | €69,861 | €56,153 | -€13,708 | -19.6% |
| Furniture and vehicles | 24 | €69,033 | €55,434 | -€13,599 | -19.7% |
| Other tangible fixed assets | 26 | €828 | €719 | -€109 | -13.2% |
| Current assets | 29/58 | €162,298 | €154,541 | -€7,756 | -4.8% |
| Amounts receivable within one year | 40/41 | €100,435 | €94,969 | -€5,466 | -5.4% |
| Trade receivables | 40 | €31,184 | €21,344 | -€9,840 | -31.6% |
| Other amounts receivable | 41 | €69,251 | €73,624 | +€4,374 | +6.3% |
| Cash at bank and in hand | 54/58 | €59,771 | €44,951 | -€14,820 | -24.8% |
| Deferred charges and accrued income | 490/1 | €2,092 | €14,622 | +€12,530 | +599.0% |
| Total equity and liabilities | 10/49 | €232,159 | €210,694 | -€21,464 | -9.2% |
| Equity | 10/15 | €223,657 | €500 | -€223,157 | -99.8% |
| Contributions | 10/11 | €3,112 | €500 | -€2,612 | -83.9% |
| Reserves | 13 | €220,546 | - | -€220,546 | |
| Distributable reserves | 133 | €220,546 | - | -€220,546 | |
| Amounts payable | 17/49 | €8,501 | €210,194 | +€201,693 | +2372.5% |
| Amounts payable within one year | 42/48 | €8,501 | €210,194 | +€201,693 | +2372.5% |
| Trade debts | 44 | €2,419 | €14,092 | +€11,673 | +482.6% |
| Suppliers | 440/4 | €2,419 | €14,092 | +€11,673 | +482.6% |
| Other amounts payable | 47/48 | €6,083 | €196,103 | +€190,020 | +3123.9% |
| Non-recurring operating income | 76A | - | €1,287 | +€1,287 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,486 | €14,630 | +€144 | +1.0% |
| Other operating charges | 640/8 | €899 | €2,254 | +€1,356 | +150.9% |
| Gross operating margin | 9900 | €257,593 | €265,431 | +€7,839 | +3.0% |
| Operating profit (loss) | 9901 | €242,208 | €248,547 | +€6,339 | +2.6% |
| Financial income | 75/76B | €730 | - | -€730 | |
| Recurring financial income | 75 | €730 | - | -€730 | |
| Financial charges | 65/66B | €886 | €796 | -€90 | -10.2% |
| Recurring financial charges | 65 | €886 | €796 | -€90 | -10.2% |
| Profit (loss) for the period before taxes | 9903 | €242,052 | €247,751 | +€5,699 | +2.4% |
| Income taxes | 67/77 | €56,887 | €57,513 | +€626 | +1.1% |
| Profit (loss) for the period | 9904 | €185,166 | €190,238 | +€5,073 | +2.7% |
| Profit (loss) for the period to be appropriated | 9905 | €185,166 | €190,238 | +€5,073 | +2.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.