MCS: 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.
MCS
Largest movements
- Cash +€37,337
up €37,337 (+359.2%), from €10,394 to €47,730
mainly Trade debts (+€34,075) and Debts after one year (+€22,087)
- Tangible fixed assets +€25,217
up €25,217 (+47.8%), from €52,755 to €77,971
of which Furniture and vehicles: +€34,225
- Receivables within one year +€6,559
up €6,559 (+59.8%), from €10,969 to €17,528
of which Trade receivables: +€10,059
- Stocks and contracts +€3,151
up €3,151 (+81.6%), from €3,860 to €7,011
of which Contracts in progress: +€3,391
- Trade debts +€34,075
up €34,075 (+201.2%), from €16,938 to €51,013
- Debts after one year +€22,087
up €22,087 (+79.8%), from €27,663 to €49,750
- Profit (loss) carried forward +€15,747
up €15,747 (+190.1%), from €8,282 to €24,029
- Staff costs -€17,881
down €17,881 (-35.2%), from €50,758 to €32,877
- Taxes +€2,638
up €2,638, from -€138 to €2,500
- Depreciation +€1,498
up €1,498 (+10.5%), from €14,222 to €15,721
- Gross operating margin +€1,310
up €1,310 (+1.9%), from €67,503 to €68,814
- Other operating charges -€1,205
down €1,205 (-78.4%), from €1,537 to €332
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 | €86,999 | €158,305 | +€71,306 | +82.0% |
| Fixed assets | 21/28 | €57,255 | €82,471 | +€25,217 | +44.0% |
| Tangible fixed assets | 22/27 | €52,755 | €77,971 | +€25,217 | +47.8% |
| Plant, machinery and equipment | 23 | €33,254 | €25,675 | -€7,579 | -22.8% |
| Furniture and vehicles | 24 | €9,361 | €43,586 | +€34,225 | +365.6% |
| Other tangible fixed assets | 26 | €10,140 | €8,711 | -€1,429 | -14.1% |
| Financial fixed assets | 28 | €4,500 | €4,500 | = | 0.0% |
| Current assets | 29/58 | €29,744 | €75,834 | +€46,090 | +155.0% |
| Stocks and contracts in progress | 3 | €3,860 | €7,011 | +€3,151 | +81.6% |
| Stocks | 30/36 | €3,860 | €3,620 | -€240 | -6.2% |
| Contracts in progress | 37 | - | €3,391 | +€3,391 | |
| Amounts receivable within one year | 40/41 | €10,969 | €17,528 | +€6,559 | +59.8% |
| Trade receivables | 40 | €4,969 | €15,028 | +€10,059 | +202.4% |
| Other amounts receivable | 41 | €6,000 | €2,500 | -€3,500 | -58.3% |
| Cash at bank and in hand | 54/58 | €10,394 | €47,730 | +€37,337 | +359.2% |
| Deferred charges and accrued income | 490/1 | €4,521 | €3,564 | -€958 | -21.2% |
| Total equity and liabilities | 10/49 | €86,999 | €158,305 | +€71,306 | +82.0% |
| Equity | 10/15 | €11,282 | €27,029 | +€15,747 | +139.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,282 | €24,029 | +€15,747 | +190.1% |
| Amounts payable | 17/49 | €75,717 | €131,276 | +€55,560 | +73.4% |
| Amounts payable after more than one year | 17 | €27,663 | €49,750 | +€22,087 | +79.8% |
| Financial debts | 170/4 | €27,663 | €49,750 | +€22,087 | +79.8% |
| Amounts payable within one year | 42/48 | €48,054 | €81,526 | +€33,473 | +69.7% |
| Current portion of amounts payable after more than one year | 42 | €15,332 | €15,913 | +€581 | +3.8% |
| Trade debts | 44 | €16,938 | €51,013 | +€34,075 | +201.2% |
| Suppliers | 440/4 | €16,938 | €51,013 | +€34,075 | +201.2% |
| Taxes, remuneration and social security | 45 | €7,391 | €7,410 | +€18 | +0.2% |
| Taxes | 450/3 | €2,984 | €4,636 | +€1,652 | +55.4% |
| Remuneration and social security | 454/9 | €4,407 | €2,774 | -€1,633 | -37.1% |
| Other amounts payable | 47/48 | €8,392 | €7,190 | -€1,202 | -14.3% |
| Non-recurring operating income | 76A | €3,493 | €20,996 | +€17,503 | +501.1% |
| Remuneration, social security and pensions | 62 | €50,758 | €32,877 | -€17,881 | -35.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,222 | €15,721 | +€1,498 | +10.5% |
| Other operating charges | 640/8 | €1,537 | €332 | -€1,205 | -78.4% |
| Non-recurring operating charges | 66A | €915 | - | -€915 | |
| Gross operating margin | 9900 | €67,503 | €68,814 | +€1,310 | +1.9% |
| Operating profit (loss) | 9901 | €70 | €19,884 | +€19,813 | +28132.1% |
| Financial income | 75/76B | €34 | €69 | +€35 | +103.0% |
| Recurring financial income | 75 | €34 | €69 | +€35 | +103.0% |
| Financial charges | 65/66B | €1,902 | €1,706 | -€196 | -10.3% |
| Recurring financial charges | 65 | €1,902 | €1,706 | -€196 | -10.3% |
| Profit (loss) for the period before taxes | 9903 | -€1,798 | €18,247 | +€20,045 | |
| Income taxes | 67/77 | -€138 | €2,500 | +€2,638 | |
| Profit (loss) for the period | 9904 | -€1,661 | €15,747 | +€17,407 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,661 | €15,747 | +€17,407 |
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 10 October 2026 via checked.be.