MCTIMMO: 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.
MCTIMMO
Largest movements
- Tangible fixed assets -€100,338
down €100,338 (-24.3%), from €413,405 to €313,067
of which Land and buildings: -€105,795
- Cash +€67,986
up €67,986 (+3,552%), from €1,914 to €69,900
mainly Investment in fixed assets (net) (+€87,129) and Net result for the year (+€71,438)
- Reserves +€74,819
new in 2025: €74,819
- Debts after one year -€73,846
down €73,846 (-60.0%), from €123,031 to €49,186
- Revaluation surpluses -€39,222
down €39,222 (-41.7%), from €93,982 to €54,760
- Other debts +€11,556
up €11,556 (+7.1%), from €163,196 to €174,752
- Current portion of long-term debt -€4,332
down €4,332 (-19.8%), from €21,907 to €17,575
- Financial income +€77,460
new in 2025: €77,460
of which Financial income: +€77,460
- Gross operating margin -€12,880
down €12,880 (-49.1%), from €26,211 to €13,331
- Depreciation -€2,954
down €2,954 (-18.3%), from €16,162 to €13,208
- Other operating charges -€1,864
down €1,864 (-37.0%), from €5,040 to €3,176
- Financial charges -€460
down €460 (-13.4%), from €3,429 to €2,969
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 | €416,097 | €383,562 | -€32,534 | -7.8% |
| Fixed assets | 21/28 | €413,615 | €313,277 | -€100,338 | -24.3% |
| Tangible fixed assets | 22/27 | €413,405 | €313,067 | -€100,338 | -24.3% |
| Land and buildings | 22 | €404,967 | €299,171 | -€105,795 | -26.1% |
| Other tangible fixed assets | 26 | €8,438 | €13,896 | +€5,458 | +64.7% |
| Financial fixed assets | 28 | €210 | €210 | = | 0.0% |
| Current assets | 29/58 | €2,482 | €70,285 | +€67,803 | +2,732% |
| Cash at bank and in hand | 54/58 | €1,914 | €69,900 | +€67,986 | +3,552% |
| Deferred charges and accrued income | 490/1 | €568 | €385 | -€183 | -32.2% |
| Total equity and liabilities | 10/49 | €416,097 | €383,562 | -€32,534 | -7.8% |
| Equity | 10/15 | €107,578 | €139,794 | +€32,216 | +29.9% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Revaluation surpluses | 12 | €93,982 | €54,760 | -€39,222 | -41.7% |
| Reserves | 13 | - | €74,819 | +€74,819 | |
| Tax-exempt reserves | 132 | - | €74,819 | +€74,819 | |
| Profit (loss) carried forward | 14 | -€11,404 | -€14,784 | -€3,381 | -29.6% |
| Amounts payable | 17/49 | €308,518 | €243,768 | -€64,750 | -21.0% |
| Amounts payable after more than one year | 17 | €123,031 | €49,186 | -€73,846 | -60.0% |
| Financial debts | 170/4 | €123,031 | €49,186 | -€73,846 | -60.0% |
| Amounts payable within one year | 42/48 | €185,487 | €194,582 | +€9,095 | +4.9% |
| Current portion of amounts payable after more than one year | 42 | €21,907 | €17,575 | -€4,332 | -19.8% |
| Trade debts | 44 | €385 | €2,256 | +€1,871 | +487% |
| Suppliers | 440/4 | €385 | €2,256 | +€1,871 | +487% |
| Other amounts payable | 47/48 | €163,196 | €174,752 | +€11,556 | +7.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,162 | €13,208 | -€2,954 | -18.3% |
| Other operating charges | 640/8 | €5,040 | €3,176 | -€1,864 | -37.0% |
| Gross operating margin | 9900 | €26,211 | €13,331 | -€12,880 | -49.1% |
| Operating profit (loss) | 9901 | €5,009 | -€3,053 | -€8,062 | |
| Financial income | 75/76B | - | €77,460 | +€77,460 | |
| Recurring financial income | 75 | - | €77,460 | +€77,460 | |
| Non-recurring financial income | 76B | - | €77,460 | +€77,460 | |
| Financial charges | 65/66B | €3,429 | €2,969 | -€460 | -13.4% |
| Recurring financial charges | 65 | €3,429 | €2,969 | -€460 | -13.4% |
| Profit (loss) for the period before taxes | 9903 | €1,580 | €71,438 | +€69,858 | +4,421% |
| Profit (loss) for the period | 9904 | €1,580 | €71,438 | +€69,858 | +4,421% |
| Transfer to tax-exempt reserves | 689 | - | €74,819 | +€74,819 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,580 | -€3,381 | -€4,961 |
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 16 October 2026 via checked.be.