MCS Academy: 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 Academy
Largest movements
- Cash -€3,487
down €3,487 (-4.1%), from €84,597 to €81,111
mainly Contributions, distributions and other (-€77,658) and Current portion of long-term debt (-€11,102)
- Tangible fixed assets -€2,905
down €2,905 (-22.1%), from €13,164 to €10,259
of which Other tangible fixed assets: -€1,887
- Receivables within one year -€1,972
down €1,972 (-37.8%), from €5,221 to €3,249
of which Other amounts receivable: -€1,972
- Deferred charges and accrued income +€1,197
up €1,197 (+114%), from €1,048 to €2,245
- Reserves -€28,331
down €28,331 (-36.5%), from €77,658 to €49,326
- Other debts +€17,349
up €17,349 (+576%), from €3,014 to €20,363
- Current portion of long-term debt -€11,102
down €11,102 (-100%), from €11,102 to €0
- Trade debts +€9,661
up €9,661 (+188%), from €5,146 to €14,807
- Tax, wage and social debts +€3,269
up €3,269 (+8,280%), from €39 to €3,309
- Gross operating margin +€18,271
up €18,271 (+33.5%), from €54,525 to €72,797
- Taxes +€4,739
up €4,739 (+35.1%), from €13,497 to €18,236
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 | €104,030 | €96,863 | -€7,167 | -6.9% |
| Fixed assets | 21/28 | €13,164 | €10,259 | -€2,905 | -22.1% |
| Tangible fixed assets | 22/27 | €13,164 | €10,259 | -€2,905 | -22.1% |
| Plant, machinery and equipment | 23 | €1,619 | €1,101 | -€519 | -32.0% |
| Furniture and vehicles | 24 | €1,024 | €524 | -€500 | -48.8% |
| Other tangible fixed assets | 26 | €10,521 | €8,634 | -€1,887 | -17.9% |
| Current assets | 29/58 | €90,866 | €86,605 | -€4,262 | -4.7% |
| Amounts receivable within one year | 40/41 | €5,221 | €3,249 | -€1,972 | -37.8% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €5,221 | €3,249 | -€1,972 | -37.8% |
| Cash at bank and in hand | 54/58 | €84,597 | €81,111 | -€3,487 | -4.1% |
| Deferred charges and accrued income | 490/1 | €1,048 | €2,245 | +€1,197 | +114% |
| Total equity and liabilities | 10/49 | €104,030 | €96,863 | -€7,167 | -6.9% |
| Equity | 10/15 | €81,658 | €53,326 | -€28,331 | -34.7% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €77,658 | €49,326 | -€28,331 | -36.5% |
| Distributable reserves | 133 | €77,658 | €49,326 | -€28,331 | -36.5% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €22,372 | €43,537 | +€21,164 | +94.6% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €22,372 | €43,537 | +€21,164 | +94.6% |
| Current portion of amounts payable after more than one year | 42 | €11,102 | €0 | -€11,102 | -100% |
| Financial debts | 43 | €3,071 | €5,059 | +€1,988 | +64.7% |
| Credit institutions | 430/8 | €3,071 | €5,059 | +€1,988 | +64.7% |
| Trade debts | 44 | €5,146 | €14,807 | +€9,661 | +188% |
| Suppliers | 440/4 | €5,146 | €14,807 | +€9,661 | +188% |
| Taxes, remuneration and social security | 45 | €39 | €3,309 | +€3,269 | +8,280% |
| Taxes | 450/3 | €39 | €3,309 | +€3,269 | +8,280% |
| Other amounts payable | 47/48 | €3,014 | €20,363 | +€17,349 | +576% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,006 | €4,122 | +€116 | +2.9% |
| Other operating charges | 640/8 | €768 | €790 | +€22 | +2.8% |
| Gross operating margin | 9900 | €54,525 | €72,797 | +€18,271 | +33.5% |
| Operating profit (loss) | 9901 | €49,752 | €67,885 | +€18,133 | +36.4% |
| Financial income | 75/76B | €460 | €0 | -€460 | -100% |
| Recurring financial income | 75 | €460 | €0 | -€460 | -100% |
| Financial charges | 65/66B | €286 | €323 | +€37 | +12.8% |
| Recurring financial charges | 65 | €286 | €323 | +€37 | +12.8% |
| Profit (loss) for the period before taxes | 9903 | €49,925 | €67,563 | +€17,637 | +35.3% |
| Income taxes | 67/77 | €13,497 | €18,236 | +€4,739 | +35.1% |
| Profit (loss) for the period | 9904 | €36,428 | €49,326 | +€12,898 | +35.4% |
| Profit (loss) for the period to be appropriated | 9905 | €36,428 | €49,326 | +€12,898 | +35.4% |
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.