MCO Expertise Comptable: what changed
Two financial 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.
MCO Expertise Comptable
Largest movements
- Cash +€161,886
up €161,886 (+249%), from €64,996 to €226,881
mainly Other debts (+€198,468) and Net result for the year (+€112,355)
- Intangible fixed assets -€47,873
down €47,873 (-16.2%), from €295,417 to €247,544
- Current investments -€25,000
down €25,000 (-100%), from €25,000 to €0
- Other debts +€198,468
up €198,468 (+11,702%), from €1,696 to €200,164
- Profit (loss) carried forward -€97,809
down €97,809 (-79.6%), from €122,809 to €25,000
- Debts after one year -€39,891
down €39,891 (-17.2%), from €232,108 to €192,218
- Trade debts +€17,371
up €17,371 (+234%), from €7,415 to €24,786
- Reserves +€10,000
up €10,000 (+30.3%), from €33,000 to €43,000
- Depreciation +€7,770
up €7,770 (+19.3%), from €40,333 to €48,102
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.
Derived cash bridge
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 | €508,050 | €597,685 | +€89,635 | +17.6% |
| Formation expenses | 20 | €411 | €181 | -€230 | -55.9% |
| Fixed assets | 21/28 | €315,675 | €267,802 | -€47,873 | -15.2% |
| Intangible fixed assets | 21 | €295,417 | €247,544 | -€47,873 | -16.2% |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €20,258 | €20,258 | = | 0.0% |
| Current assets | 29/58 | €191,964 | €329,702 | +€137,738 | +71.8% |
| Amounts receivable within one year | 40/41 | €101,340 | €102,191 | +€852 | +0.8% |
| Trade receivables | 40 | €101,340 | €96,916 | -€4,424 | -4.4% |
| Other amounts receivable | 41 | - | €5,275 | +€5,275 | |
| Current investments | 50/53 | €25,000 | €0 | -€25,000 | -100% |
| Cash at bank and in hand | 54/58 | €64,996 | €226,881 | +€161,886 | +249% |
| Deferred charges and accrued income | 490/1 | €629 | €629 | +€1 | +0.1% |
| Total equity and liabilities | 10/49 | €508,050 | €597,685 | +€89,635 | +17.6% |
| Equity | 10/15 | €162,809 | €75,000 | -€87,809 | -53.9% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Reserves | 13 | €33,000 | €43,000 | +€10,000 | +30.3% |
| Distributable reserves | 133 | €33,000 | €43,000 | +€10,000 | +30.3% |
| Profit (loss) carried forward | 14 | €122,809 | €25,000 | -€97,809 | -79.6% |
| Amounts payable | 17/49 | €345,241 | €522,685 | +€177,444 | +51.4% |
| Amounts payable after more than one year | 17 | €232,108 | €192,218 | -€39,891 | -17.2% |
| Financial debts | 170/4 | €232,108 | €192,218 | -€39,891 | -17.2% |
| Amounts payable within one year | 42/48 | €113,133 | €330,468 | +€217,335 | +192% |
| Current portion of amounts payable after more than one year | 42 | €38,350 | €39,891 | +€1,540 | +4.0% |
| Trade debts | 44 | €7,415 | €24,786 | +€17,371 | +234% |
| Suppliers | 440/4 | €7,415 | €24,786 | +€17,371 | +234% |
| Taxes, remuneration and social security | 45 | €65,671 | €65,627 | -€45 | -0.1% |
| Taxes | 450/3 | €65,671 | €65,627 | -€45 | -0.1% |
| Other amounts payable | 47/48 | €1,696 | €200,164 | +€198,468 | +11,702% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,333 | €48,102 | +€7,770 | +19.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,701 | +€1,701 | |
| Other operating charges | 640/8 | €1,244 | €1,411 | +€166 | +13.4% |
| Gross operating margin | 9900 | €205,667 | €206,511 | +€844 | +0.4% |
| Operating profit (loss) | 9901 | €164,091 | €155,297 | -€8,793 | -5.4% |
| Financial income | 75/76B | €431 | €1,828 | +€1,396 | +324% |
| Recurring financial income | 75 | €431 | €1,828 | +€1,396 | +324% |
| Financial charges | 65/66B | €12,183 | €11,326 | -€856 | -7.0% |
| Recurring financial charges | 65 | €12,183 | €11,326 | -€856 | -7.0% |
| Profit (loss) for the period before taxes | 9903 | €152,339 | €145,798 | -€6,541 | -4.3% |
| Income taxes | 67/77 | €34,809 | €33,443 | -€1,367 | -3.9% |
| Profit (loss) for the period | 9904 | €117,530 | €112,355 | -€5,174 | -4.4% |
| Profit (loss) for the period to be appropriated | 9905 | €117,530 | €112,355 | -€5,174 | -4.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.