MCQC EVENTS: 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.
MCQC EVENTS
Largest movements
- Receivables within one year -€59,428
down €59,428 (-74.6%), from €79,698 to €20,270
of which Trade receivables: -€57,810
- Cash +€9,332
up €9,332 (+1194.9%), from €781 to €10,113
mainly Receivables within one year (+€59,428) and Net result for the year (+€13,604)
- Tangible fixed assets -€6,594
down €6,594 (-58.0%), from €11,372 to €4,778
of which Plant, machinery and equipment: -€5,837
- Stocks and contracts -€1,153
down €1,153 (-49.1%), from €2,348 to €1,195
- Trade debts -€64,893
down €64,893 (-52.7%), from €123,212 to €58,319
- Profit (loss) carried forward +€13,604
up €13,604 (+27.4%), from -€49,723 to -€36,119
- Tax, wage and social debts -€7,264
down €7,264 (-53.5%), from €13,565 to €6,301
of which Taxes: -€6,738
- Turnover +€226,561
new in 2025: €226,561
- Purchases and services +€193,426
new in 2025: €193,426
- Gross operating margin +€13,398
up €13,398 (+67.9%), from €19,737 to €33,135
- Financial charges -€4,754
down €4,754 (-93.2%), from €5,100 to €346
- Depreciation -€4,386
down €4,386 (-35.2%), from €12,445 to €8,059
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 | €100,254 | €42,411 | -€57,843 | -57.7% |
| Fixed assets | 21/28 | €17,427 | €10,833 | -€6,594 | -37.8% |
| Tangible fixed assets | 22/27 | €11,372 | €4,778 | -€6,594 | -58.0% |
| Plant, machinery and equipment | 23 | €7,905 | €2,068 | -€5,837 | -73.8% |
| Furniture and vehicles | 24 | €3,467 | €2,710 | -€757 | -21.8% |
| Financial fixed assets | 28 | €6,055 | €6,055 | = | 0.0% |
| Current assets | 29/58 | €82,827 | €31,578 | -€51,249 | -61.9% |
| Stocks and contracts in progress | 3 | €2,348 | €1,195 | -€1,153 | -49.1% |
| Stocks | 30/36 | €2,348 | €1,195 | -€1,153 | -49.1% |
| Amounts receivable within one year | 40/41 | €79,698 | €20,270 | -€59,428 | -74.6% |
| Trade receivables | 40 | €75,992 | €18,182 | -€57,810 | -76.1% |
| Other amounts receivable | 41 | €3,706 | €2,088 | -€1,618 | -43.7% |
| Cash at bank and in hand | 54/58 | €781 | €10,113 | +€9,332 | +1194.9% |
| Total equity and liabilities | 10/49 | €100,254 | €42,411 | -€57,843 | -57.7% |
| Equity | 10/15 | -€36,523 | -€22,919 | +€13,604 | +37.2% |
| Contributions | 10/11 | €12,000 | €12,000 | = | 0.0% |
| Reserves | 13 | €1,200 | €1,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,200 | €1,200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,200 | €1,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€49,723 | -€36,119 | +€13,604 | +27.4% |
| Amounts payable | 17/49 | €136,777 | €65,330 | -€71,447 | -52.2% |
| Amounts payable within one year | 42/48 | €136,777 | €65,330 | -€71,447 | -52.2% |
| Trade debts | 44 | €123,212 | €58,319 | -€64,893 | -52.7% |
| Suppliers | 440/4 | €123,212 | €58,319 | -€64,893 | -52.7% |
| Taxes, remuneration and social security | 45 | €13,565 | €6,301 | -€7,264 | -53.5% |
| Taxes | 450/3 | €13,039 | €6,301 | -€6,738 | -51.7% |
| Remuneration and social security | 454/9 | €526 | - | -€526 | |
| Other amounts payable | 47/48 | - | €710 | +€710 | |
| Turnover | 70 | - | €226,561 | +€226,561 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €193,426 | +€193,426 | |
| Remuneration, social security and pensions | 62 | €7,590 | €8,019 | +€429 | +5.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,445 | €8,059 | -€4,386 | -35.2% |
| Other operating charges | 640/8 | €1,760 | €3,127 | +€1,367 | +77.7% |
| Gross operating margin | 9900 | €19,737 | €33,135 | +€13,398 | +67.9% |
| Operating profit (loss) | 9901 | -€2,058 | €13,930 | +€15,988 | |
| Financial income | 75/76B | €20 | €20 | = | 0.0% |
| Recurring financial income | 75 | €20 | €20 | = | 0.0% |
| Non-recurring financial income | 76B | €20 | €20 | = | 0.0% |
| Financial charges | 65/66B | €5,100 | €346 | -€4,754 | -93.2% |
| Recurring financial charges | 65 | €5,100 | €346 | -€4,754 | -93.2% |
| Profit (loss) for the period before taxes | 9903 | -€7,138 | €13,604 | +€20,742 | |
| Profit (loss) for the period | 9904 | -€7,138 | €13,604 | +€20,742 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,138 | €13,604 | +€20,742 |
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 12 October 2026 via checked.be.