MCONCEPT: 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.
MCONCEPT
Largest movements
- Receivables within one year +€69,173
up €69,173 (+10.4%), from €667,710 to €736,884
of which Other amounts receivable: +€38,861
- Intangible fixed assets -€9,967
down €9,967 (-34.3%), from €29,071 to €19,104
- Short-term financial debts -€48,131
down €48,131 (-65.8%), from €73,131 to €25,000
- Trade debts +€45,192
up €45,192 (+9.2%), from €490,630 to €535,822
- Debts after one year +€42,325
new in 2025: €42,325
- Accrued charges and deferred income +€35,460
up €35,460 (+2218.1%), from €1,599 to €37,059
- Tax, wage and social debts -€21,577
down €21,577 (-53.9%), from €40,031 to €18,453
of which Taxes: -€16,786
- Financial charges +€63,452
up €63,452 (+561.0%), from €11,310 to €74,762
- Staff costs -€32,546
down €32,546 (-28.8%), from €112,825 to €80,279
- Gross operating margin -€26,370
down €26,370 (-14.5%), from €181,949 to €155,579
- Taxes -€17,619
down €17,619 (-86.0%), from €20,485 to €2,867
- Financial income +€4,263
up €4,263 (+31.3%), from €13,599 to €17,862
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 | €702,420 | €774,143 | +€71,723 | +10.2% |
| Fixed assets | 21/28 | €29,071 | €22,254 | -€6,817 | -23.5% |
| Intangible fixed assets | 21 | €29,071 | €19,104 | -€9,967 | -34.3% |
| Financial fixed assets | 28 | - | €3,150 | +€3,150 | |
| Current assets | 29/58 | €673,349 | €751,890 | +€78,540 | +11.7% |
| Amounts receivable within one year | 40/41 | €667,710 | €736,884 | +€69,173 | +10.4% |
| Trade receivables | 40 | €90,806 | €121,119 | +€30,313 | +33.4% |
| Other amounts receivable | 41 | €576,904 | €615,765 | +€38,861 | +6.7% |
| Current investments | 50/53 | €1,992 | €2,005 | +€13 | +0.6% |
| Cash at bank and in hand | 54/58 | €3,210 | €6,308 | +€3,098 | +96.5% |
| Deferred charges and accrued income | 490/1 | €437 | €6,693 | +€6,256 | +1431.6% |
| Total equity and liabilities | 10/49 | €702,420 | €774,143 | +€71,723 | +10.2% |
| Equity | 10/15 | €97,030 | €101,376 | +€4,346 | +4.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €78,430 | €82,776 | +€4,346 | +5.5% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Other | 1319 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €76,570 | €82,776 | +€6,206 | +8.1% |
| Amounts payable | 17/49 | €605,390 | €672,767 | +€67,377 | +11.1% |
| Amounts payable after more than one year | 17 | - | €42,325 | +€42,325 | |
| Financial debts | 170/4 | - | €42,325 | +€42,325 | |
| Amounts payable within one year | 42/48 | €603,792 | €593,383 | -€10,409 | -1.7% |
| Current portion of amounts payable after more than one year | 42 | - | €14,108 | +€14,108 | |
| Financial debts | 43 | €73,131 | €25,000 | -€48,131 | -65.8% |
| Credit institutions | 430/8 | €73,131 | €25,000 | -€48,131 | -65.8% |
| Trade debts | 44 | €490,630 | €535,822 | +€45,192 | +9.2% |
| Suppliers | 440/4 | €490,630 | €535,822 | +€45,192 | +9.2% |
| Taxes, remuneration and social security | 45 | €40,031 | €18,453 | -€21,577 | -53.9% |
| Taxes | 450/3 | €20,495 | €3,709 | -€16,786 | -81.9% |
| Remuneration and social security | 454/9 | €19,536 | €14,744 | -€4,791 | -24.5% |
| Accrued charges and deferred income | 492/3 | €1,599 | €37,059 | +€35,460 | +2218.1% |
| Remuneration, social security and pensions | 62 | €112,825 | €80,279 | -€32,546 | -28.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,967 | €9,967 | = | 0.0% |
| Other operating charges | 640/8 | €1,495 | €1,220 | -€275 | -18.4% |
| Gross operating margin | 9900 | €181,949 | €155,579 | -€26,370 | -14.5% |
| Operating profit (loss) | 9901 | €57,662 | €64,112 | +€6,451 | +11.2% |
| Financial income | 75/76B | €13,599 | €17,862 | +€4,263 | +31.3% |
| Recurring financial income | 75 | €13,599 | €17,862 | +€4,263 | +31.3% |
| Financial charges | 65/66B | €11,310 | €74,762 | +€63,452 | +561.0% |
| Recurring financial charges | 65 | €11,310 | €74,762 | +€63,452 | +561.0% |
| Profit (loss) for the period before taxes | 9903 | €59,951 | €7,213 | -€52,738 | -88.0% |
| Income taxes | 67/77 | €20,485 | €2,867 | -€17,619 | -86.0% |
| Profit (loss) for the period | 9904 | €39,466 | €4,346 | -€35,119 | -89.0% |
| Profit (loss) for the period to be appropriated | 9905 | €39,466 | €4,346 | -€35,119 | -89.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.