MCS: 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.
MCS
Largest movements
- Financial fixed assets -€78,000
down €78,000 (-100.0%), from €78,000 to €0
- Tangible fixed assets +€66,774
up €66,774 (+181.3%), from €36,835 to €103,608
of which Furniture and vehicles: +€75,890
- Cash +€13,158
up €13,158 (+744.1%), from €1,768 to €14,926
mainly Debts after one year (+€50,542) and Accrued charges and deferred income (+€35,901)
- Deferred charges and accrued income +€10,137
up €10,137 (+489.6%), from €2,070 to €12,207
- Receivables within one year +€3,493
up €3,493 (+6.8%), from €51,155 to €54,648
of which Other amounts receivable: +€9,223
- Other debts -€92,133
down €92,133 (-90.2%), from €102,133 to €10,000
- Debts after one year +€50,542
new in 2025: €50,542
- Accrued charges and deferred income +€35,901
new in 2025: €35,901
- Current portion of long-term debt +€16,725
up €16,725, from €0 to €16,725
- Profit (loss) carried forward +€9,620
up €9,620, from €0 to €9,620
- Gross operating margin -€34,397
down €34,397 (-51.0%), from €67,416 to €33,019
- Depreciation -€13,157
down €13,157 (-39.6%), from €33,234 to €20,077
- Taxes -€4,296
down €4,296 (-56.0%), from €7,671 to €3,375
- Other operating charges -€1,058
down €1,058 (-60.5%), from €1,750 to €692
- Financial charges +€1,024
up €1,024 (+72.4%), from €1,415 to €2,439
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 | €169,828 | €185,390 | +€15,562 | +9.2% |
| Fixed assets | 21/28 | €114,835 | €103,608 | -€11,227 | -9.8% |
| Tangible fixed assets | 22/27 | €36,835 | €103,608 | +€66,774 | +181.3% |
| Land and buildings | 22 | €15,481 | €13,864 | -€1,618 | -10.4% |
| Plant, machinery and equipment | 23 | €13,250 | €5,751 | -€7,499 | -56.6% |
| Furniture and vehicles | 24 | €8,103 | €83,993 | +€75,890 | +936.5% |
| Financial fixed assets | 28 | €78,000 | €0 | -€78,000 | -100.0% |
| Current assets | 29/58 | €54,993 | €81,781 | +€26,788 | +48.7% |
| Amounts receivable within one year | 40/41 | €51,155 | €54,648 | +€3,493 | +6.8% |
| Trade receivables | 40 | €15,730 | €10,000 | -€5,730 | -36.4% |
| Other amounts receivable | 41 | €35,425 | €44,648 | +€9,223 | +26.0% |
| Cash at bank and in hand | 54/58 | €1,768 | €14,926 | +€13,158 | +744.1% |
| Deferred charges and accrued income | 490/1 | €2,070 | €12,207 | +€10,137 | +489.6% |
| Total equity and liabilities | 10/49 | €169,828 | €185,390 | +€15,562 | +9.2% |
| Equity | 10/15 | €53,550 | €63,170 | +€9,620 | +18.0% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €35,000 | €35,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €35,000 | €35,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €9,620 | +€9,620 | |
| Amounts payable | 17/49 | €116,278 | €122,220 | +€5,942 | +5.1% |
| Amounts payable after more than one year | 17 | - | €50,542 | +€50,542 | |
| Financial debts | 170/4 | - | €50,542 | +€50,542 | |
| Amounts payable within one year | 42/48 | €116,278 | €35,777 | -€80,501 | -69.2% |
| Current portion of amounts payable after more than one year | 42 | €0 | €16,725 | +€16,725 | |
| Financial debts | 43 | €659 | €5,620 | +€4,961 | +752.8% |
| Credit institutions | 430/8 | €659 | €5,620 | +€4,961 | +752.8% |
| Trade debts | 44 | €2,986 | €282 | -€2,704 | -90.5% |
| Suppliers | 440/4 | €2,986 | €282 | -€2,704 | -90.5% |
| Taxes, remuneration and social security | 45 | €10,500 | €3,150 | -€7,350 | -70.0% |
| Taxes | 450/3 | €10,500 | €3,150 | -€7,350 | -70.0% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €102,133 | €10,000 | -€92,133 | -90.2% |
| Accrued charges and deferred income | 492/3 | - | €35,901 | +€35,901 | |
| Non-recurring operating income | 76A | €1,952 | €0 | -€1,952 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,234 | €20,077 | -€13,157 | -39.6% |
| Other operating charges | 640/8 | €1,750 | €692 | -€1,058 | -60.5% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €67,416 | €33,019 | -€34,397 | -51.0% |
| Operating profit (loss) | 9901 | €32,433 | €12,251 | -€20,182 | -62.2% |
| Financial income | 75/76B | €3,662 | €3,183 | -€479 | -13.1% |
| Recurring financial income | 75 | €3,662 | €3,183 | -€479 | -13.1% |
| Financial charges | 65/66B | €1,415 | €2,439 | +€1,024 | +72.4% |
| Recurring financial charges | 65 | €1,415 | €2,439 | +€1,024 | +72.4% |
| Profit (loss) for the period before taxes | 9903 | €34,681 | €12,995 | -€21,686 | -62.5% |
| Income taxes | 67/77 | €7,671 | €3,375 | -€4,296 | -56.0% |
| Profit (loss) for the period | 9904 | €27,010 | €9,620 | -€17,390 | -64.4% |
| Profit (loss) for the period to be appropriated | 9905 | €27,010 | €9,620 | -€17,390 | -64.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.