MCV CONSTRUCT: 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.
MCV CONSTRUCT
Largest movements
- Receivables within one year -€1.8m
down €1.8m (-72.7%), from €2.4m to €664,828
of which Trade receivables: -€1.8m
- Cash +€41,021
up €41,021 (+187%), from €21,879 to €62,900
mainly Receivables within one year (+€1.8m) and Net result for the year (+€67,139)
- Trade debts -€1.8m
down €1.8m (-85.4%), from €2.1m to €304,804
- Profit (loss) carried forward +€67,139
up €67,139 (+25.1%), from €267,199 to €334,338
- Tax, wage and social debts -€31,168
down €31,168 (-31.1%), from €100,259 to €69,091
of which Taxes: -€31,158
- Staff costs +€17,549
up €17,549 (+14.6%), from €120,540 to €138,088
- Gross operating margin -€6,393
down €6,393 (-2.8%), from €230,591 to €224,198
- Taxes -€5,180
down €5,180 (-23.1%), from €22,418 to €17,238
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 | €2,457,390 | €728,331 | -€1.7m | -70.4% |
| Fixed assets | 21/28 | €1,026 | €604 | -€422 | -41.2% |
| Tangible fixed assets | 22/27 | €876 | €454 | -€422 | -48.2% |
| Furniture and vehicles | 24 | €876 | €454 | -€422 | -48.2% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €2,456,364 | €727,727 | -€1.7m | -70.4% |
| Amounts receivable within one year | 40/41 | €2,434,485 | €664,828 | -€1.8m | -72.7% |
| Trade receivables | 40 | €2,429,300 | €658,791 | -€1.8m | -72.9% |
| Other amounts receivable | 41 | €5,185 | €6,037 | +€852 | +16.4% |
| Cash at bank and in hand | 54/58 | €21,879 | €62,900 | +€41,021 | +187% |
| Total equity and liabilities | 10/49 | €2,457,390 | €728,331 | -€1.7m | -70.4% |
| Equity | 10/15 | €267,199 | €334,338 | +€67,139 | +25.1% |
| Profit (loss) carried forward | 14 | €267,199 | €334,338 | +€67,139 | +25.1% |
| Amounts payable | 17/49 | €2,190,192 | €393,993 | -€1.8m | -82.0% |
| Amounts payable within one year | 42/48 | €2,190,192 | €373,894 | -€1.8m | -82.9% |
| Trade debts | 44 | €2,089,933 | €304,804 | -€1.8m | -85.4% |
| Suppliers | 440/4 | €2,089,933 | €304,804 | -€1.8m | -85.4% |
| Taxes, remuneration and social security | 45 | €100,259 | €69,091 | -€31,168 | -31.1% |
| Taxes | 450/3 | €76,639 | €45,481 | -€31,158 | -40.7% |
| Remuneration and social security | 454/9 | €23,620 | €23,610 | -€11 | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €20,099 | +€20,099 | |
| Remuneration, social security and pensions | 62 | €120,540 | €138,088 | +€17,549 | +14.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €391 | €422 | +€31 | +8.0% |
| Other operating charges | 640/8 | - | €1,256 | +€1,256 | |
| Gross operating margin | 9900 | €230,591 | €224,198 | -€6,393 | -2.8% |
| Operating profit (loss) | 9901 | €109,660 | €84,431 | -€25,228 | -23.0% |
| Financial income | 75/76B | €38 | €67 | +€29 | +74.5% |
| Recurring financial income | 75 | €38 | €67 | +€29 | +74.5% |
| Financial charges | 65/66B | €193 | €121 | -€72 | -37.2% |
| Recurring financial charges | 65 | €193 | €121 | -€72 | -37.2% |
| Profit (loss) for the period before taxes | 9903 | €109,505 | €84,377 | -€25,128 | -22.9% |
| Income taxes | 67/77 | €22,418 | €17,238 | -€5,180 | -23.1% |
| Profit (loss) for the period | 9904 | €87,087 | €67,139 | -€19,948 | -22.9% |
| Profit (loss) for the period to be appropriated | 9905 | €87,087 | €67,139 | -€19,948 | -22.9% |
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 13 October 2026 via checked.be.