MCRT: 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.
MCRT
Largest movements
- Tangible fixed assets +€24,215
up €24,215 (+1,060%), from €2,284 to €26,498
of which Plant, machinery and equipment: +€16,665
- Cash -€5,334
down €5,334 (-9.3%), from €57,658 to €52,324
mainly Investment in fixed assets (net) (-€27,741) and Tax, wage and social debts (-€6,059)
- Profit (loss) carried forward +€13,962
up €13,962 (+29.4%), from €47,436 to €61,398
- Debts after one year +€6,770
new in 2025: €6,770
- Tax, wage and social debts -€6,059
down €6,059 (-28.5%), from €21,259 to €15,200
- Current portion of long-term debt +€3,230
new in 2025: €3,230
- Trade debts +€2,240
up €2,240 (+215%), from €1,041 to €3,280
- Gross operating margin -€21,376
down €21,376 (-46.7%), from €45,739 to €24,363
- Taxes -€4,991
down €4,991 (-53.0%), from €9,425 to €4,434
- Depreciation +€2,545
up €2,545 (+259%), from €981 to €3,526
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 | €75,709 | €95,112 | +€19,403 | +25.6% |
| Fixed assets | 21/28 | €2,284 | €26,498 | +€24,215 | +1,060% |
| Tangible fixed assets | 22/27 | €2,284 | €26,498 | +€24,215 | +1,060% |
| Plant, machinery and equipment | 23 | - | €16,665 | +€16,665 | |
| Furniture and vehicles | 24 | €2,284 | €9,834 | +€7,550 | +331% |
| Current assets | 29/58 | €73,426 | €68,613 | -€4,812 | -6.6% |
| Amounts receivable within one year | 40/41 | €14,636 | €14,482 | -€154 | -1.1% |
| Trade receivables | 40 | €14,460 | €12,043 | -€2,417 | -16.7% |
| Other amounts receivable | 41 | €176 | €2,440 | +€2,263 | +1,285% |
| Cash at bank and in hand | 54/58 | €57,658 | €52,324 | -€5,334 | -9.3% |
| Deferred charges and accrued income | 490/1 | €1,131 | €1,807 | +€676 | +59.8% |
| Total equity and liabilities | 10/49 | €75,709 | €95,112 | +€19,403 | +25.6% |
| Equity | 10/15 | €50,436 | €64,398 | +€13,962 | +27.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €47,436 | €61,398 | +€13,962 | +29.4% |
| Amounts payable | 17/49 | €25,273 | €30,714 | +€5,441 | +21.5% |
| Amounts payable after more than one year | 17 | - | €6,770 | +€6,770 | |
| Financial debts | 170/4 | - | €6,770 | +€6,770 | |
| Amounts payable within one year | 42/48 | €25,273 | €23,943 | -€1,330 | -5.3% |
| Current portion of amounts payable after more than one year | 42 | - | €3,230 | +€3,230 | |
| Trade debts | 44 | €1,041 | €3,280 | +€2,240 | +215% |
| Suppliers | 440/4 | €1,041 | €3,280 | +€2,240 | +215% |
| Taxes, remuneration and social security | 45 | €21,259 | €15,200 | -€6,059 | -28.5% |
| Taxes | 450/3 | €21,259 | €15,200 | -€6,059 | -28.5% |
| Other amounts payable | 47/48 | €2,974 | €2,234 | -€740 | -24.9% |
| Non-recurring operating income | 76A | €100 | €0 | -€100 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €981 | €3,526 | +€2,545 | +259% |
| Other operating charges | 640/8 | €794 | €1,192 | +€397 | +50.0% |
| Gross operating margin | 9900 | €45,739 | €24,363 | -€21,376 | -46.7% |
| Operating profit (loss) | 9901 | €43,963 | €19,645 | -€24,319 | -55.3% |
| Financial income | 75/76B | €0 | €9 | +€8 | +2,055% |
| Recurring financial income | 75 | €0 | €9 | +€8 | +2,055% |
| Financial charges | 65/66B | €562 | €424 | -€137 | -24.5% |
| Recurring financial charges | 65 | €562 | €424 | -€137 | -24.5% |
| Profit (loss) for the period before taxes | 9903 | €43,402 | €19,229 | -€24,173 | -55.7% |
| Income taxes | 67/77 | €9,425 | €4,434 | -€4,991 | -53.0% |
| Profit (loss) for the period | 9904 | €33,977 | €14,795 | -€19,182 | -56.5% |
| Profit (loss) for the period to be appropriated | 9905 | €33,977 | €14,795 | -€19,182 | -56.5% |
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 17 October 2026 via checked.be.