MCOGEST: 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.
MCOGEST
Largest movements
- Current investments +€500,000
new in 2025: €500,000
- Cash -€340,444
down €340,444 (-21.8%), from €1.6m to €1.2m
mainly Current investments (-€500,000) and Receivables within one year (-€31,865)
- Receivables within one year +€31,865
up €31,865 (+474%), from €6,722 to €38,588
of which Other amounts receivable: +€29,679
- Tangible fixed assets -€22,363
down €22,363 (-14.6%), from €153,001 to €130,638
of which Furniture and vehicles: -€15,587
- Reserves +€70,000
up €70,000 (+13.9%), from €502,479 to €572,479
- Advances received +€52,651
up €52,651 (+270%), from €19,533 to €72,183
- Profit (loss) carried forward +€30,334
up €30,334 (+3.1%), from €972,259 to €1.0m
- Gross operating margin -€102,239
down €102,239 (-8.5%), from €1.2m to €1.1m
- Taxes -€30,498
down €30,498 (-44.4%), from €68,724 to €38,226
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 | €1,736,611 | €1,893,940 | +€157,329 | +9.1% |
| Fixed assets | 21/28 | €156,465 | €134,101 | -€22,363 | -14.3% |
| Tangible fixed assets | 22/27 | €153,001 | €130,638 | -€22,363 | -14.6% |
| Land and buildings | 22 | €69,932 | €63,155 | -€6,777 | -9.7% |
| Furniture and vehicles | 24 | €83,069 | €67,482 | -€15,587 | -18.8% |
| Financial fixed assets | 28 | €3,464 | €3,464 | = | 0.0% |
| Current assets | 29/58 | €1,580,146 | €1,759,838 | +€179,692 | +11.4% |
| Amounts receivable within one year | 40/41 | €6,722 | €38,588 | +€31,865 | +474% |
| Trade receivables | 40 | €6,722 | €8,909 | +€2,186 | +32.5% |
| Other amounts receivable | 41 | - | €29,679 | +€29,679 | |
| Current investments | 50/53 | - | €500,000 | +€500,000 | |
| Cash at bank and in hand | 54/58 | €1,559,969 | €1,219,525 | -€340,444 | -21.8% |
| Deferred charges and accrued income | 490/1 | €13,455 | €1,726 | -€11,729 | -87.2% |
| Total equity and liabilities | 10/49 | €1,736,611 | €1,893,940 | +€157,329 | +9.1% |
| Equity | 10/15 | €1,499,528 | €1,599,862 | +€100,334 | +6.7% |
| Contributions | 10/11 | €24,789 | €24,789 | = | 0.0% |
| Reserves | 13 | €502,479 | €572,479 | +€70,000 | +13.9% |
| Distributable reserves | 133 | €502,479 | €572,479 | +€70,000 | +13.9% |
| Profit (loss) carried forward | 14 | €972,259 | €1,002,593 | +€30,334 | +3.1% |
| Amounts payable | 17/49 | €237,083 | €294,078 | +€56,995 | +24.0% |
| Amounts payable within one year | 42/48 | €237,083 | €294,078 | +€56,995 | +24.0% |
| Financial debts | 43 | €19,223 | €19,319 | +€95 | +0.5% |
| Credit institutions | 430/8 | €19,223 | €19,319 | +€95 | +0.5% |
| Trade debts | 44 | €50,778 | €51,997 | +€1,219 | +2.4% |
| Suppliers | 440/4 | €50,778 | €51,997 | +€1,219 | +2.4% |
| Advances received on contracts in progress | 46 | €19,533 | €72,183 | +€52,651 | +270% |
| Taxes, remuneration and social security | 45 | €140,035 | €128,740 | -€11,295 | -8.1% |
| Taxes | 450/3 | €6,519 | - | -€6,519 | |
| Remuneration and social security | 454/9 | €133,516 | €128,740 | -€4,775 | -3.6% |
| Other amounts payable | 47/48 | €7,515 | €21,839 | +€14,324 | +191% |
| Non-recurring operating income | 76A | €582 | - | -€582 | |
| Remuneration, social security and pensions | 62 | €915,522 | €926,602 | +€11,080 | +1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,242 | €32,461 | +€1,219 | +3.9% |
| Other operating charges | 640/8 | €3,522 | €5,681 | +€2,160 | +61.3% |
| Non-recurring operating charges | 66A | €0 | - | -€0 | |
| Gross operating margin | 9900 | €1,198,277 | €1,096,038 | -€102,239 | -8.5% |
| Operating profit (loss) | 9901 | €247,992 | €131,294 | -€116,697 | -47.1% |
| Financial income | 75/76B | €7,455 | €9,793 | +€2,338 | +31.4% |
| Recurring financial income | 75 | €7,455 | €9,793 | +€2,338 | +31.4% |
| Financial charges | 65/66B | €3,120 | €2,528 | -€593 | -19.0% |
| Recurring financial charges | 65 | €3,120 | €2,528 | -€593 | -19.0% |
| Profit (loss) for the period before taxes | 9903 | €252,326 | €138,560 | -€113,767 | -45.1% |
| Income taxes | 67/77 | €68,724 | €38,226 | -€30,498 | -44.4% |
| Profit (loss) for the period | 9904 | €183,602 | €100,334 | -€83,268 | -45.4% |
| Profit (loss) for the period to be appropriated | 9905 | €183,602 | €100,334 | -€83,268 | -45.4% |
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 21 October 2026 via checked.be.