MCO TELECOM: 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.
MCO TELECOM
Largest movements
- Cash +€939,930
up €939,930 (+2365.9%), from €39,728 to €979,658
mainly Net result for the year (+€808,538) and Tax, wage and social debts (+€418,277)
- Stocks and contracts +€257,671
new in 2025: €257,671
- Tangible fixed assets -€49,671
down €49,671 (-37.7%), from €131,923 to €82,251
of which Furniture and vehicles: -€49,888
- Receivables within one year +€38,881
up €38,881 (+2.4%), from €1.6m to €1.6m
of which Other amounts receivable: +€55,998
- Tax, wage and social debts +€418,277
up €418,277 (+3321.1%), from €12,595 to €430,872
of which Taxes: +€343,783
- Other debts +€346,000
new in 2025: €346,000
- Profit (loss) carried forward +€278,538
up €278,538 (+81.2%), from €343,071 to €621,609
- Trade debts +€138,041
up €138,041 (+10.5%), from €1.3m to €1.5m
- Current portion of long-term debt +€52,177
up €52,177 (+74.7%), from €69,830 to €122,007
- Gross operating margin +€1.0m
up €1.0m (+67.9%), from €1.5m to €2.5m
- Taxes +€224,565
up €224,565 (+320.6%), from €70,039 to €294,605
- Staff costs +€142,513
up €142,513 (+12.9%), from €1.1m to €1.2m
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 | €1,794,963 | €3,009,243 | +€1.2m | +67.6% |
| Fixed assets | 21/28 | €144,803 | €96,881 | -€47,921 | -33.1% |
| Tangible fixed assets | 22/27 | €131,923 | €82,251 | -€49,671 | -37.7% |
| Plant, machinery and equipment | 23 | €3,842 | €4,058 | +€216 | +5.6% |
| Furniture and vehicles | 24 | €128,081 | €78,193 | -€49,888 | -39.0% |
| Financial fixed assets | 28 | €12,880 | €14,630 | +€1,750 | +13.6% |
| Current assets | 29/58 | €1,650,160 | €2,912,362 | +€1.3m | +76.5% |
| Stocks and contracts in progress | 3 | - | €257,671 | +€257,671 | |
| Stocks | 30/36 | - | €257,671 | +€257,671 | |
| Amounts receivable within one year | 40/41 | €1,598,850 | €1,637,731 | +€38,881 | +2.4% |
| Trade receivables | 40 | €1,404,863 | €1,387,745 | -€17,117 | -1.2% |
| Other amounts receivable | 41 | €193,988 | €249,986 | +€55,998 | +28.9% |
| Cash at bank and in hand | 54/58 | €39,728 | €979,658 | +€939,930 | +2365.9% |
| Deferred charges and accrued income | 490/1 | €11,582 | €37,302 | +€25,720 | +222.1% |
| Total equity and liabilities | 10/49 | €1,794,963 | €3,009,243 | +€1.2m | +67.6% |
| Equity | 10/15 | €351,131 | €629,669 | +€278,538 | +79.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €343,071 | €621,609 | +€278,538 | +81.2% |
| Amounts payable | 17/49 | €1,443,831 | €2,379,574 | +€935,743 | +64.8% |
| Amounts payable after more than one year | 17 | €41,707 | €22,955 | -€18,752 | -45.0% |
| Financial debts | 170/4 | €41,707 | €22,955 | -€18,752 | -45.0% |
| Amounts payable within one year | 42/48 | €1,402,124 | €2,356,619 | +€954,495 | +68.1% |
| Current portion of amounts payable after more than one year | 42 | €69,830 | €122,007 | +€52,177 | +74.7% |
| Trade debts | 44 | €1,319,699 | €1,457,740 | +€138,041 | +10.5% |
| Suppliers | 440/4 | €1,319,699 | €1,457,740 | +€138,041 | +10.5% |
| Taxes, remuneration and social security | 45 | €12,595 | €430,872 | +€418,277 | +3321.1% |
| Taxes | 450/3 | €10,392 | €354,175 | +€343,783 | +3308.3% |
| Remuneration and social security | 454/9 | €2,203 | €76,697 | +€74,494 | +3381.6% |
| Other amounts payable | 47/48 | - | €346,000 | +€346,000 | |
| Non-recurring operating income | 76A | - | €20,716 | +€20,716 | |
| Remuneration, social security and pensions | 62 | €1,106,260 | €1,248,773 | +€142,513 | +12.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,875 | €55,303 | +€427 | +0.8% |
| Other operating charges | 640/8 | €24,866 | €16,202 | -€8,664 | -34.8% |
| Gross operating margin | 9900 | €1,474,435 | €2,475,691 | +€1.0m | +67.9% |
| Operating profit (loss) | 9901 | €288,434 | €1,155,414 | +€866,980 | +300.6% |
| Financial income | 75/76B | €6,517 | €3,613 | -€2,903 | -44.6% |
| Recurring financial income | 75 | €6,517 | €3,613 | -€2,903 | -44.6% |
| Financial charges | 65/66B | €53,848 | €55,884 | +€2,036 | +3.8% |
| Recurring financial charges | 65 | €53,848 | €55,884 | +€2,036 | +3.8% |
| Profit (loss) for the period before taxes | 9903 | €241,102 | €1,103,143 | +€862,040 | +357.5% |
| Income taxes | 67/77 | €70,039 | €294,605 | +€224,565 | +320.6% |
| Profit (loss) for the period | 9904 | €171,063 | €808,538 | +€637,475 | +372.7% |
| Profit (loss) for the period to be appropriated | 9905 | €171,063 | €808,538 | +€637,475 | +372.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 April 2024 and 30 April 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.