MCTS: 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.
MCTS
Largest movements
- Stocks and contracts +€5,150
up €5,150 (+3.1%), from €166,822 to €171,972
- Profit (loss) carried forward +€3,438
up €3,438 (+10.2%), from -€33,716 to -€30,278
- Trade debts +€2,000
up €2,000 (+77.4%), from €2,585 to €4,585
- Gross operating margin +€6,817
up €6,817, from -€1,623 to €5,194
- Taxes +€297
up €297 (+126.7%), from €234 to €531
- Financial income -€181
down €181 (-57.0%), from €318 to €137
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 | €171,425 | €178,075 | +€6,650 | +3.9% |
| Current assets | 29/58 | €171,425 | €178,075 | +€6,650 | +3.9% |
| Stocks and contracts in progress | 3 | €166,822 | €171,972 | +€5,150 | +3.1% |
| Stocks | 30/36 | €166,822 | €171,972 | +€5,150 | +3.1% |
| Amounts receivable within one year | 40/41 | €1,726 | €2,801 | +€1,075 | +62.3% |
| Trade receivables | 40 | €1,726 | €2,801 | +€1,075 | +62.3% |
| Cash at bank and in hand | 54/58 | €2,877 | €3,242 | +€365 | +12.7% |
| Deferred charges and accrued income | 490/1 | - | €60 | +€60 | |
| Total equity and liabilities | 10/49 | €171,425 | €178,075 | +€6,650 | +3.9% |
| Equity | 10/15 | €43,695 | €47,133 | +€3,438 | +7.9% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €58,819 | €58,819 | = | 0.0% |
| Distributable reserves | 133 | €58,819 | €58,819 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€33,716 | -€30,278 | +€3,438 | +10.2% |
| Amounts payable | 17/49 | €127,730 | €130,942 | +€3,212 | +2.5% |
| Amounts payable within one year | 42/48 | €127,730 | €130,942 | +€3,212 | +2.5% |
| Trade debts | 44 | €2,585 | €4,585 | +€2,000 | +77.4% |
| Suppliers | 440/4 | €2,585 | €4,585 | +€2,000 | +77.4% |
| Taxes, remuneration and social security | 45 | €2,154 | €2,040 | -€114 | -5.3% |
| Taxes | 450/3 | €2,154 | €2,040 | -€114 | -5.3% |
| Other amounts payable | 47/48 | €122,991 | €124,317 | +€1,326 | +1.1% |
| Other operating charges | 640/8 | €1,251 | €1,290 | +€39 | +3.1% |
| Gross operating margin | 9900 | -€1,623 | €5,194 | +€6,817 | |
| Operating profit (loss) | 9901 | -€2,874 | €3,904 | +€6,778 | |
| Financial income | 75/76B | €318 | €137 | -€181 | -57.0% |
| Recurring financial income | 75 | €318 | €137 | -€181 | -57.0% |
| Financial charges | 65/66B | €69 | €72 | +€3 | +4.0% |
| Recurring financial charges | 65 | €69 | €72 | +€3 | +4.0% |
| Profit (loss) for the period before taxes | 9903 | -€2,625 | €3,969 | +€6,594 | |
| Income taxes | 67/77 | €234 | €531 | +€297 | +126.7% |
| Profit (loss) for the period | 9904 | -€2,859 | €3,438 | +€6,297 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,859 | €3,438 | +€6,297 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.