MCO Projects: 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 Projects
Largest movements
- Receivables within one year +€53,653
up €53,653 (+318%), from €16,878 to €70,531
of which Trade receivables: +€53,025
- Cash -€43,312
down €43,312 (-23.9%), from €181,105 to €137,792
mainly Other debts (-€67,403) and Receivables within one year (-€53,653)
- Profit (loss) carried forward +€89,226
up €89,226 (+10,880%), from €820 to €90,046
- Other debts -€67,403
down €67,403 (-33.0%), from €204,150 to €136,747
- Tax, wage and social debts -€11,820
down €11,820 (-50.6%), from €23,352 to €11,532
of which Taxes: -€11,820
- Gross operating margin -€1,469
down €1,469 (-1.2%), from €124,386 to €122,917
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 | €243,259 | €255,566 | +€12,308 | +5.1% |
| Fixed assets | 21/28 | €31,055 | €33,607 | +€2,552 | +8.2% |
| Tangible fixed assets | 22/27 | €30,455 | €33,007 | +€2,552 | +8.4% |
| Plant, machinery and equipment | 23 | €4,640 | €2,426 | -€2,214 | -47.7% |
| Furniture and vehicles | 24 | €2,112 | €10,061 | +€7,948 | +376% |
| Other tangible fixed assets | 26 | €23,703 | €20,521 | -€3,182 | -13.4% |
| Financial fixed assets | 28 | €600 | €600 | = | 0.0% |
| Current assets | 29/58 | €212,203 | €221,959 | +€9,756 | +4.6% |
| Stocks and contracts in progress | 3 | €12,539 | €11,922 | -€617 | -4.9% |
| Stocks | 30/36 | €12,539 | €11,922 | -€617 | -4.9% |
| Amounts receivable within one year | 40/41 | €16,878 | €70,531 | +€53,653 | +318% |
| Trade receivables | 40 | €16,572 | €69,597 | +€53,025 | +320% |
| Other amounts receivable | 41 | €306 | €934 | +€628 | +205% |
| Cash at bank and in hand | 54/58 | €181,105 | €137,792 | -€43,312 | -23.9% |
| Deferred charges and accrued income | 490/1 | €1,681 | €1,713 | +€32 | +1.9% |
| Total equity and liabilities | 10/49 | €243,259 | €255,566 | +€12,308 | +5.1% |
| Equity | 10/15 | €5,820 | €95,046 | +€89,226 | +1,533% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €820 | €90,046 | +€89,226 | +10,880% |
| Amounts payable | 17/49 | €237,438 | €160,520 | -€76,918 | -32.4% |
| Amounts payable within one year | 42/48 | €237,438 | €160,520 | -€76,918 | -32.4% |
| Current portion of amounts payable after more than one year | 42 | - | €125 | +€125 | |
| Financial debts | 43 | €8,487 | €8,434 | -€53 | -0.6% |
| Credit institutions | 430/8 | €8,487 | €8,434 | -€53 | -0.6% |
| Trade debts | 44 | €1,449 | €3,683 | +€2,233 | +154% |
| Suppliers | 440/4 | €1,449 | €3,683 | +€2,233 | +154% |
| Taxes, remuneration and social security | 45 | €23,352 | €11,532 | -€11,820 | -50.6% |
| Taxes | 450/3 | €20,102 | €8,282 | -€11,820 | -58.8% |
| Remuneration and social security | 454/9 | €3,250 | €3,250 | = | 0.0% |
| Other amounts payable | 47/48 | €204,150 | €136,747 | -€67,403 | -33.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,966 | €6,257 | +€290 | +4.9% |
| Other operating charges | 640/8 | €643 | €801 | +€158 | +24.6% |
| Gross operating margin | 9900 | €124,386 | €122,917 | -€1,469 | -1.2% |
| Operating profit (loss) | 9901 | €117,777 | €115,860 | -€1,917 | -1.6% |
| Financial income | 75/76B | €67 | €44 | -€24 | -35.1% |
| Recurring financial income | 75 | €67 | €44 | -€24 | -35.1% |
| Financial charges | 65/66B | €2,775 | €2,542 | -€233 | -8.4% |
| Recurring financial charges | 65 | €2,775 | €2,542 | -€233 | -8.4% |
| Profit (loss) for the period before taxes | 9903 | €115,069 | €113,362 | -€1,708 | -1.5% |
| Income taxes | 67/77 | €24,715 | €24,136 | -€579 | -2.3% |
| Profit (loss) for the period | 9904 | €90,355 | €89,226 | -€1,129 | -1.2% |
| Profit (loss) for the period to be appropriated | 9905 | €90,355 | €89,226 | -€1,129 | -1.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.