MCR: 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.
MCR
Largest movements
- Cash +€130,561
up €130,561 (+1,351%), from €9,667 to €140,228
mainly Receivables within one year (+€95,999) and Net result for the year (+€29,545)
- Receivables within one year -€95,999
down €95,999 (-59.1%), from €162,480 to €66,481
of which Trade receivables: -€99,651
- Reserves +€29,545
up €29,545 (+42.3%), from €69,790 to €99,335
of which Distributable reserves: +€29,545
- Trade debts +€3,131
up €3,131 (+5.8%), from €54,037 to €57,168
- Gross operating margin +€40,324
up €40,324 (+67.0%), from €60,174 to €100,498
- Staff costs -€18,217
down €18,217 (-29.4%), from €61,928 to €43,711
- Other operating charges +€17,285
up €17,285 (+1,072%), from €1,612 to €18,898
- Taxes +€8,271
new in 2025: €8,271
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 | €174,866 | €209,437 | +€34,571 | +19.8% |
| Fixed assets | 21/28 | €1,730 | €1,730 | = | 0.0% |
| Financial fixed assets | 28 | €1,730 | €1,730 | = | 0.0% |
| Current assets | 29/58 | €173,136 | €207,707 | +€34,571 | +20.0% |
| Amounts receivable within one year | 40/41 | €162,480 | €66,481 | -€95,999 | -59.1% |
| Trade receivables | 40 | €161,009 | €61,358 | -€99,651 | -61.9% |
| Other amounts receivable | 41 | €1,471 | €5,123 | +€3,652 | +248% |
| Cash at bank and in hand | 54/58 | €9,667 | €140,228 | +€130,561 | +1,351% |
| Deferred charges and accrued income | 490/1 | €988 | €998 | +€9 | +0.9% |
| Total equity and liabilities | 10/49 | €174,866 | €209,437 | +€34,571 | +19.8% |
| Equity | 10/15 | €100,776 | €130,322 | +€29,545 | +29.3% |
| Contributions | 10/11 | €30,987 | €30,987 | = | 0.0% |
| Reserves | 13 | €69,790 | €99,335 | +€29,545 | +42.3% |
| Non-distributable reserves | 130/1 | €3,099 | €3,099 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,099 | €3,099 | = | 0.0% |
| Distributable reserves | 133 | €66,691 | €96,237 | +€29,545 | +44.3% |
| Amounts payable | 17/49 | €74,089 | €79,115 | +€5,025 | +6.8% |
| Amounts payable within one year | 42/48 | €74,089 | €79,115 | +€5,025 | +6.8% |
| Trade debts | 44 | €54,037 | €57,168 | +€3,131 | +5.8% |
| Suppliers | 440/4 | €54,037 | €57,168 | +€3,131 | +5.8% |
| Taxes, remuneration and social security | 45 | €19,106 | €21,000 | +€1,895 | +9.9% |
| Taxes | 450/3 | €14,983 | €20,670 | +€5,687 | +38.0% |
| Remuneration and social security | 454/9 | €4,122 | €331 | -€3,792 | -92.0% |
| Other amounts payable | 47/48 | €947 | €947 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €61,928 | €43,711 | -€18,217 | -29.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €1,612 | €18,898 | +€17,285 | +1,072% |
| Gross operating margin | 9900 | €60,174 | €100,498 | +€40,324 | +67.0% |
| Operating profit (loss) | 9901 | -€3,366 | €37,890 | +€41,256 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €24 | €74 | +€50 | +206% |
| Recurring financial charges | 65 | €24 | €74 | +€50 | +206% |
| Profit (loss) for the period before taxes | 9903 | -€3,390 | €37,816 | +€41,206 | |
| Income taxes | 67/77 | - | €8,271 | +€8,271 | |
| Profit (loss) for the period | 9904 | -€3,390 | €29,545 | +€32,935 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,390 | €29,545 | +€32,935 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.