Mcore Consulting: 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.
Mcore Consulting
Largest movements
- Tangible fixed assets -€54,661
down €54,661 (-43.7%), from €125,079 to €70,418
of which Furniture and vehicles: -€50,821
- Receivables after one year -€24,411
no longer reported in 2025 (was €24,411)
- Receivables within one year -€15,365
down €15,365 (-37.9%), from €40,530 to €25,165
of which Other amounts receivable: -€16,132
- Cash +€14,395
up €14,395 (+39.4%), from €36,539 to €50,934
mainly Net result for the year (+€51,002) and Investment in fixed assets (net) (+€27,532)
- Deferred charges and accrued income -€10,134
down €10,134 (-44.1%), from €22,985 to €12,851
- Profit (loss) carried forward -€78,998
down €78,998 (-85.8%), from €92,037 to €13,039
- Debts after one year -€32,911
down €32,911 (-49.0%), from €67,138 to €34,227
- Other debts +€19,448
new in 2025: €19,448
- Trade debts +€11,193
up €11,193 (+196%), from €5,721 to €16,914
- Current portion of long-term debt -€8,180
down €8,180 (-30.0%), from €27,243 to €19,062
- Gross operating margin -€25,185
down €25,185 (-19.7%), from €127,667 to €102,482
- Taxes -€7,171
down €7,171 (-30.5%), from €23,535 to €16,364
- Depreciation -€2,324
down €2,324 (-7.9%), from €29,453 to €27,130
- Financial charges +€1,394
up €1,394 (+44.5%), from €3,131 to €4,524
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 | €249,544 | €159,368 | -€90,176 | -36.1% |
| Fixed assets | 21/28 | €125,079 | €70,418 | -€54,661 | -43.7% |
| Tangible fixed assets | 22/27 | €125,079 | €70,418 | -€54,661 | -43.7% |
| Land and buildings | 22 | €4,553 | €4,345 | -€208 | -4.6% |
| Plant, machinery and equipment | 23 | €7,263 | €3,632 | -€3,632 | -50.0% |
| Furniture and vehicles | 24 | €113,263 | €62,441 | -€50,821 | -44.9% |
| Current assets | 29/58 | €124,465 | €88,950 | -€35,515 | -28.5% |
| Amounts receivable after more than one year | 29 | €24,411 | - | -€24,411 | |
| Other amounts receivable | 291 | €24,411 | - | -€24,411 | |
| Amounts receivable within one year | 40/41 | €40,530 | €25,165 | -€15,365 | -37.9% |
| Trade receivables | 40 | €24,140 | €24,907 | +€767 | +3.2% |
| Other amounts receivable | 41 | €16,389 | €258 | -€16,132 | -98.4% |
| Cash at bank and in hand | 54/58 | €36,539 | €50,934 | +€14,395 | +39.4% |
| Deferred charges and accrued income | 490/1 | €22,985 | €12,851 | -€10,134 | -44.1% |
| Total equity and liabilities | 10/49 | €249,544 | €159,368 | -€90,176 | -36.1% |
| Equity | 10/15 | €112,497 | €33,499 | -€78,998 | -70.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 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 | €92,037 | €13,039 | -€78,998 | -85.8% |
| Amounts payable | 17/49 | €137,046 | €125,868 | -€11,178 | -8.2% |
| Amounts payable after more than one year | 17 | €67,138 | €34,227 | -€32,911 | -49.0% |
| Financial debts | 170/4 | €67,138 | €34,227 | -€32,911 | -49.0% |
| Amounts payable within one year | 42/48 | €69,908 | €91,641 | +€21,733 | +31.1% |
| Current portion of amounts payable after more than one year | 42 | €27,243 | €19,062 | -€8,180 | -30.0% |
| Trade debts | 44 | €5,721 | €16,914 | +€11,193 | +196% |
| Suppliers | 440/4 | €5,721 | €16,914 | +€11,193 | +196% |
| Taxes, remuneration and social security | 45 | €36,945 | €36,216 | -€728 | -2.0% |
| Taxes | 450/3 | €36,945 | €36,216 | -€728 | -2.0% |
| Other amounts payable | 47/48 | - | €19,448 | +€19,448 | |
| Non-recurring operating income | 76A | €9,298 | - | -€9,298 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,453 | €27,130 | -€2,324 | -7.9% |
| Other operating charges | 640/8 | €1,109 | €818 | -€291 | -26.2% |
| Non-recurring operating charges | 66A | - | €2,645 | +€2,645 | |
| Gross operating margin | 9900 | €127,667 | €102,482 | -€25,185 | -19.7% |
| Operating profit (loss) | 9901 | €97,105 | €71,889 | -€25,216 | -26.0% |
| Financial income | 75/76B | €967 | €1 | -€966 | -99.9% |
| Recurring financial income | 75 | €967 | €1 | -€966 | -99.9% |
| Financial charges | 65/66B | €3,131 | €4,524 | +€1,394 | +44.5% |
| Recurring financial charges | 65 | €3,131 | €4,524 | +€1,394 | +44.5% |
| Profit (loss) for the period before taxes | 9903 | €94,942 | €67,366 | -€27,576 | -29.0% |
| Income taxes | 67/77 | €23,535 | €16,364 | -€7,171 | -30.5% |
| Profit (loss) for the period | 9904 | €71,407 | €51,002 | -€20,405 | -28.6% |
| Profit (loss) for the period to be appropriated | 9905 | €71,407 | €51,002 | -€20,405 | -28.6% |
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 20 October 2026 via checked.be.