MCS: what changed
MCS
Largest movements
- Cash +€4,075
up €4,075 (+6.4%), from €64,142 to €68,217
mainly Other debts (+€19,944) and Receivables within one year (+€3,878)
- Receivables within one year -€3,878
down €3,878 (-13.1%), from €29,707 to €25,829
of which Other amounts receivable: -€2,708
- Tangible fixed assets -€3,480
down €3,480 (-44.5%), from €7,818 to €4,338
of which Furniture and vehicles: -€3,480
- Reserves -€21,204
down €21,204 (-24.9%), from €85,015 to €63,811
- Other debts +€19,944
up €19,944 (+1,161%), from €1,718 to €21,662
- Tax, wage and social debts -€1,281
down €1,281 (-51.8%), from €2,473 to €1,192
- Financial income -€3,787
down €3,787 (-81.9%), from €4,623 to €837
- Gross operating margin -€3,183
down €3,183 (-37.4%), from €8,520 to €5,337
- Taxes -€880
down €880 (-58.5%), from €1,504 to €624
- Depreciation -€157
down €157 (-4.2%), from €3,755 to €3,598
- Other operating charges -€152
down €152 (-9.7%), from €1,559 to €1,407
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €108,084 | €105,655 | -€2,429 | -2.2% |
| Fixed assets | 21/28 | €7,936 | €4,338 | -€3,598 | -45.3% |
| Intangible fixed assets | 21 | €118 | €0 | -€118 | -100% |
| Tangible fixed assets | 22/27 | €7,818 | €4,338 | -€3,480 | -44.5% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €7,818 | €4,338 | -€3,480 | -44.5% |
| Current assets | 29/58 | €100,148 | €101,317 | +€1,169 | +1.2% |
| Stocks and contracts in progress | 3 | €5,341 | €6,253 | +€912 | +17.1% |
| Stocks | 30/36 | €5,341 | €6,253 | +€912 | +17.1% |
| Amounts receivable within one year | 40/41 | €29,707 | €25,829 | -€3,878 | -13.1% |
| Trade receivables | 40 | €3,893 | €2,723 | -€1,170 | -30.1% |
| Other amounts receivable | 41 | €25,814 | €23,106 | -€2,708 | -10.5% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €64,142 | €68,217 | +€4,075 | +6.4% |
| Deferred charges and accrued income | 490/1 | €959 | €1,018 | +€59 | +6.2% |
| Total equity and liabilities | 10/49 | €108,084 | €105,655 | -€2,429 | -2.2% |
| Equity | 10/15 | €103,615 | €82,411 | -€21,204 | -20.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €85,015 | €63,811 | -€21,204 | -24.9% |
| Distributable reserves | 133 | €85,015 | €63,811 | -€21,204 | -24.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €4,469 | €23,244 | +€18,775 | +420% |
| Amounts payable within one year | 42/48 | €4,469 | €23,244 | +€18,775 | +420% |
| Trade debts | 44 | €278 | €390 | +€112 | +40.1% |
| Suppliers | 440/4 | €278 | €390 | +€112 | +40.1% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €2,473 | €1,192 | -€1,281 | -51.8% |
| Taxes | 450/3 | €2,473 | €1,192 | -€1,281 | -51.8% |
| Other amounts payable | 47/48 | €1,718 | €21,662 | +€19,944 | +1,161% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,755 | €3,598 | -€157 | -4.2% |
| Other operating charges | 640/8 | €1,559 | €1,407 | -€152 | -9.7% |
| Gross operating margin | 9900 | €8,520 | €5,337 | -€3,183 | -37.4% |
| Operating profit (loss) | 9901 | €3,206 | €331 | -€2,874 | -89.7% |
| Financial income | 75/76B | €4,623 | €837 | -€3,787 | -81.9% |
| Recurring financial income | 75 | €4,623 | €837 | -€3,787 | -81.9% |
| Financial charges | 65/66B | €92 | €86 | -€6 | -6.9% |
| Recurring financial charges | 65 | €92 | €86 | -€6 | -6.9% |
| Profit (loss) for the period before taxes | 9903 | €7,737 | €1,082 | -€6,655 | -86.0% |
| Income taxes | 67/77 | €1,504 | €624 | -€880 | -58.5% |
| Profit (loss) for the period | 9904 | €6,233 | €458 | -€5,775 | -92.7% |
| Profit (loss) for the period to be appropriated | 9905 | €6,233 | €458 | -€5,775 | -92.7% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.