MCRE: 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.
MCRE
Largest movements
- Receivables within one year -€55,722
down €55,722 (-83.3%), from €66,883 to €11,162
of which Trade receivables: -€55,722
- Cash +€42,175
up €42,175 (+15690.0%), from €269 to €42,443
mainly Receivables within one year (+€55,722) and Tax, wage and social debts (+€11,511)
- Financial fixed assets +€1,950
new in 2025: €1,950
- Tangible fixed assets +€1,320
up €1,320 (+69.0%), from €1,913 to €3,233
of which Other tangible fixed assets: +€2,203
- Deferred charges and accrued income +€1,149
up €1,149 (+747.1%), from €154 to €1,303
- Short-term financial debts -€18,971
down €18,971 (-100.0%), from €18,971 to €0
- Tax, wage and social debts +€11,511
up €11,511 (+70.2%), from €16,388 to €27,898
of which Taxes: +€12,051
- Trade debts -€2,087
down €2,087 (-27.2%), from €7,669 to €5,581
- Gross operating margin -€5,748
down €5,748 (-11.2%), from €51,360 to €45,611
- Taxes -€956
down €956 (-34.7%), from €2,753 to €1,797
- Financial charges +€838
up €838 (+31.4%), from €2,669 to €3,507
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 | €69,219 | €60,091 | -€9,128 | -13.2% |
| Fixed assets | 21/28 | €1,913 | €5,183 | +€3,270 | +170.9% |
| Tangible fixed assets | 22/27 | €1,913 | €3,233 | +€1,320 | +69.0% |
| Furniture and vehicles | 24 | €1,913 | €1,030 | -€883 | -46.2% |
| Other tangible fixed assets | 26 | - | €2,203 | +€2,203 | |
| Financial fixed assets | 28 | - | €1,950 | +€1,950 | |
| Current assets | 29/58 | €67,306 | €54,908 | -€12,398 | -18.4% |
| Amounts receivable within one year | 40/41 | €66,883 | €11,162 | -€55,722 | -83.3% |
| Trade receivables | 40 | €66,883 | €11,162 | -€55,722 | -83.3% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €269 | €42,443 | +€42,175 | +15690.0% |
| Deferred charges and accrued income | 490/1 | €154 | €1,303 | +€1,149 | +747.1% |
| Total equity and liabilities | 10/49 | €69,219 | €60,091 | -€9,128 | -13.2% |
| Equity | 10/15 | €25,551 | €26,239 | +€688 | +2.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €19,351 | €20,039 | +€688 | +3.6% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €19,351 | €20,039 | +€688 | +3.6% |
| Amounts payable | 17/49 | €43,668 | €33,852 | -€9,816 | -22.5% |
| Amounts payable within one year | 42/48 | €43,668 | €33,852 | -€9,816 | -22.5% |
| Financial debts | 43 | €18,971 | €0 | -€18,971 | -100.0% |
| Credit institutions | 430/8 | €18,971 | €0 | -€18,971 | -100.0% |
| Trade debts | 44 | €7,669 | €5,581 | -€2,087 | -27.2% |
| Suppliers | 440/4 | €7,669 | €5,581 | -€2,087 | -27.2% |
| Taxes, remuneration and social security | 45 | €16,388 | €27,898 | +€11,511 | +70.2% |
| Taxes | 450/3 | €8,147 | €20,198 | +€12,051 | +147.9% |
| Remuneration and social security | 454/9 | €8,240 | €7,700 | -€540 | -6.6% |
| Other amounts payable | 47/48 | €641 | €372 | -€269 | -41.9% |
| Remuneration, social security and pensions | 62 | €38,096 | €38,026 | -€70 | -0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €961 | €1,132 | +€171 | +17.7% |
| Other operating charges | 640/8 | €511 | €462 | -€50 | -9.7% |
| Gross operating margin | 9900 | €51,360 | €45,611 | -€5,748 | -11.2% |
| Operating profit (loss) | 9901 | €11,791 | €5,992 | -€5,799 | -49.2% |
| Financial income | 75/76B | €6 | €0 | -€6 | -100.0% |
| Recurring financial income | 75 | €6 | €0 | -€6 | -100.0% |
| Financial charges | 65/66B | €2,669 | €3,507 | +€838 | +31.4% |
| Recurring financial charges | 65 | €2,669 | €3,507 | +€838 | +31.4% |
| Profit (loss) for the period before taxes | 9903 | €9,128 | €2,485 | -€6,643 | -72.8% |
| Income taxes | 67/77 | €2,753 | €1,797 | -€956 | -34.7% |
| Profit (loss) for the period | 9904 | €6,375 | €688 | -€5,687 | -89.2% |
| Profit (loss) for the period to be appropriated | 9905 | €6,375 | €688 | -€5,687 | -89.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.