MCSyncro: 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.
What changed
MCSyncro
NACE 29.320, Manufacture of motor vehicles, trailers and semi-trailers
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€3.1m
2023 · €4.5m-€1.3m
Equity
€14.1m
2023 · €10.9m+€3.1m
Cash
€805,146
2023 · €1.5m-€680,365
Balance sheet total
€16.3m
2023 · €19.2m-€2.9m
Largest movements
Assets
- Receivables within one year -€2.2m
down €2.2m (-15.8%), from €13.9m to €11.7m
of which Trade receivables: -€2.1m
- Cash -€680,365
down €680,365 (-45.8%), from €1.5m to €805,146
mainly Other debts (-€5.0m) and Investment in fixed assets (net) (-€930,379)
Equity and liabilities
- Other debts -€5.0m
no longer reported in 2024 (was €5.0m)
- Profit (loss) carried forward +€3.1m
up €3.1m (+28.7%), from €10.9m to €14.0m
- Trade debts -€906,076
down €906,076 (-51.1%), from €1.8m to €867,635
Income statement
- Turnover -€2.3m
down €2.3m (-11.1%), from €20.9m to €18.6m
- Services and other goods -€780,965
down €780,965 (-7.4%), from €10.5m to €9.7m
- Other operating income -€449,130
down €449,130 (-10.3%), from €4.4m to €3.9m
- Taxes -€442,690
down €442,690 (-28.9%), from €1.5m to €1.1m
of which Taxes: -€450,442
- Goods and materials -€228,842
down €228,842 (-12.6%), from €1.8m to €1.6m
of which Purchases: -€154,727
From the 2023 result to the 2024 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.
Result 2023
€4.5m
Turnover
-€2.3m
Other operating income
-€449,130
Goods and materials
+€228,842
Services and other goods
+€780,965
Staff costs
-€97,616
Depreciation
+€20,758
Provisions
-€1,725
Other operating charges
-€7,683
Other operating items
+€78,682
Financial income
-€757
Financial charges
+€6,800
Taxes
+€442,690
Result 2024
€3.1m
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€250,014
Investment
-€930,379
Financing
€0
Cash 2023
€1.5m
From operations (derived)
+€250,014
Net result for the year
+€3.1m
Depreciation
+€820,921
Stocks and contracts
-€6,081
Receivables within one year
+€2.2m
Deferred charges and accrued income
+€172,518
Trade debts
-€906,076
Tax, wage and social debts
-€73,566
Other debts
-€5.0m
Accrued charges and deferred income
-€78,684
Investment (derived)
-€930,379
Investment in fixed assets (net)
-€930,379
Cash 2024
€805,146
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €19,214,082 | €16,280,756 | -€2.9m | -15.3% |
| Fixed assets | 21/28 | €3,283,938 | €3,393,396 | +€109,458 | +3.3% |
| Intangible fixed assets | 21 | €86,537 | €79,455 | -€7,082 | -8.2% |
| Tangible fixed assets | 22/27 | €3,175,917 | €3,292,457 | +€116,540 | +3.7% |
| Plant, machinery and equipment | 23 | €2,657,265 | €2,730,100 | +€72,835 | +2.7% |
| Furniture and vehicles | 24 | €2,025 | €1,675 | -€350 | -17.3% |
| Other tangible fixed assets | 26 | €312,571 | €415,593 | +€103,022 | +33.0% |
| Assets under construction and advance payments | 27 | €204,056 | €145,089 | -€58,967 | -28.9% |
| Financial fixed assets | 28 | €21,484 | €21,484 | = | 0.0% |
| Affiliated companies | 280/1 | €16,120 | €16,120 | = | 0.0% |
| Participating interests | 280 | €16,120 | €16,120 | = | 0.0% |
| Other financial fixed assets | 284/8 | €5,364 | €5,364 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €5,364 | €5,364 | = | 0.0% |
| Current assets | 29/58 | €15,930,144 | €12,887,360 | -€3.0m | -19.1% |
| Stocks and contracts in progress | 3 | €342,907 | €348,988 | +€6,081 | +1.8% |
| Stocks | 30/36 | €342,907 | €348,988 | +€6,081 | +1.8% |
| Raw materials and consumables | 30/31 | €162,668 | €175,131 | +€12,463 | +7.7% |
| Finished goods | 33 | €180,239 | €173,857 | -€6,382 | -3.5% |
| Amounts receivable within one year | 40/41 | €13,871,766 | €11,675,784 | -€2.2m | -15.8% |
| Trade receivables | 40 | €13,800,908 | €11,675,784 | -€2.1m | -15.4% |
| Other amounts receivable | 41 | €70,858 | - | -€70,858 | |
| Cash at bank and in hand | 54/58 | €1,485,511 | €805,146 | -€680,365 | -45.8% |
| Deferred charges and accrued income | 490/1 | €229,960 | €57,442 | -€172,518 | -75.0% |
| Total equity and liabilities | 10/49 | €19,214,082 | €16,280,756 | -€2.9m | -15.3% |
| Equity | 10/15 | €10,944,777 | €14,069,777 | +€3.1m | +28.6% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,876,577 | €14,001,577 | +€3.1m | +28.7% |
| Amounts payable | 17/49 | €8,269,305 | €2,210,979 | -€6.1m | -73.3% |
| Amounts payable within one year | 42/48 | €7,916,228 | €1,936,586 | -€6.0m | -75.5% |
| Trade debts | 44 | €1,773,711 | €867,635 | -€906,076 | -51.1% |
| Suppliers | 440/4 | €1,773,711 | €867,635 | -€906,076 | -51.1% |
| Taxes, remuneration and social security | 45 | €1,142,517 | €1,068,951 | -€73,566 | -6.4% |
| Taxes | 450/3 | €278,344 | €314,788 | +€36,444 | +13.1% |
| Remuneration and social security | 454/9 | €864,173 | €754,163 | -€110,010 | -12.7% |
| Other amounts payable | 47/48 | €5,000,000 | - | -€5.0m | |
| Accrued charges and deferred income | 492/3 | €353,077 | €274,393 | -€78,684 | -22.3% |
| Operating income | 70/76A | €25,581,836 | €22,517,394 | -€3.1m | -12.0% |
| Turnover | 70 | €20,923,378 | €18,596,552 | -€2.3m | -11.1% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €14,137 | -€6,382 | -€20,519 | |
| Other operating income | 74 | €4,376,354 | €3,927,224 | -€449,130 | -10.3% |
| Non-recurring operating income | 76A | €267,967 | - | -€267,967 | |
| Operating charges | 60/66A | €19,579,774 | €18,289,065 | -€1.3m | -6.6% |
| Goods for resale, raw materials and consumables | 60 | €1,820,588 | €1,591,746 | -€228,842 | -12.6% |
| Purchases | 600/8 | €1,758,936 | €1,604,209 | -€154,727 | -8.8% |
| Change in stocks: decrease (increase) | 609 | €61,652 | -€12,463 | -€74,115 | |
| Services and other goods | 61 | €10,493,504 | €9,712,539 | -€780,965 | -7.4% |
| Remuneration, social security and pensions | 62 | €5,926,453 | €6,024,069 | +€97,616 | +1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €841,679 | €820,921 | -€20,758 | -2.5% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€1,725 | - | +€1,725 | |
| Other operating charges | 640/8 | €132,107 | €139,790 | +€7,683 | +5.8% |
| Non-recurring operating charges | 66A | €367,168 | - | -€367,168 | |
| Operating profit (loss) | 9901 | €6,002,062 | €4,228,329 | -€1.8m | -29.6% |
| Financial income | 75/76B | €2,278 | €1,521 | -€757 | -33.2% |
| Recurring financial income | 75 | €2,278 | €1,521 | -€757 | -33.2% |
| Other financial income | 752/9 | €2,278 | €1,521 | -€757 | -33.2% |
| Financial charges | 65/66B | €21,446 | €14,646 | -€6,800 | -31.7% |
| Recurring financial charges | 65 | €21,446 | €14,646 | -€6,800 | -31.7% |
| Debt charges | 650 | €16,900 | €11,224 | -€5,676 | -33.6% |
| Other financial charges | 652/9 | €4,546 | €3,422 | -€1,124 | -24.7% |
| Profit (loss) for the period before taxes | 9903 | €5,982,894 | €4,215,204 | -€1.8m | -29.5% |
| Income taxes | 67/77 | €1,532,894 | €1,090,204 | -€442,690 | -28.9% |
| Taxes | 670/3 | €1,546,710 | €1,096,268 | -€450,442 | -29.1% |
| Tax adjustments and reversals of tax provisions | 77 | €13,816 | €6,064 | -€7,752 | -56.1% |
| Profit (loss) for the period | 9904 | €4,450,000 | €3,125,000 | -€1.3m | -29.8% |
| Profit (loss) for the period to be appropriated | 9905 | €4,450,000 | €3,125,000 | -€1.3m | -29.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.