MCVC: 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.
MCVC
Largest movements
- Receivables within one year -€707
down €707 (-1.6%), from €45,591 to €44,884
- Profit (loss) carried forward -€1,296
down €1,296 (-7.1%), from €18,378 to €17,081
- Gross operating margin +€520
up €520 (+36.6%), from -€1,420 to -€900
- Depreciation -€476
no longer reported in 2025 (was €476)
- Other operating charges +€30
up €30 (+16.3%), from €184 to €214
- Financial charges +€28
up €28 (+18.3%), from €155 to €183
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 | €47,438 | €46,541 | -€897 | -1.9% |
| Fixed assets | 21/28 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €47,438 | €46,541 | -€897 | -1.9% |
| Amounts receivable within one year | 40/41 | €45,591 | €44,884 | -€707 | -1.6% |
| Other amounts receivable | 41 | €45,591 | €44,884 | -€707 | -1.6% |
| Cash at bank and in hand | 54/58 | €1,847 | €1,657 | -€190 | -10.3% |
| Total equity and liabilities | 10/49 | €47,438 | €46,541 | -€897 | -1.9% |
| Equity | 10/15 | €47,438 | €46,141 | -€1,296 | -2.7% |
| Contributions | 10/11 | €11,200 | €11,200 | = | 0.0% |
| Reserves | 13 | €17,860 | €17,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €16,000 | €16,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €18,378 | €17,081 | -€1,296 | -7.1% |
| Amounts payable | 17/49 | - | €400 | +€400 | |
| Amounts payable within one year | 42/48 | - | €400 | +€400 | |
| Trade debts | 44 | - | €400 | +€400 | |
| Suppliers | 440/4 | - | €400 | +€400 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €476 | - | -€476 | |
| Other operating charges | 640/8 | €184 | €214 | +€30 | +16.3% |
| Gross operating margin | 9900 | -€1,420 | -€900 | +€520 | +36.6% |
| Operating profit (loss) | 9901 | -€2,079 | -€1,113 | +€966 | +46.5% |
| Financial income | 75/76B | €0 | €0 | +€0 | +188.9% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +188.9% |
| Financial charges | 65/66B | €155 | €183 | +€28 | +18.3% |
| Recurring financial charges | 65 | €155 | €183 | +€28 | +18.3% |
| Profit (loss) for the period before taxes | 9903 | -€2,234 | -€1,296 | +€938 | +42.0% |
| Profit (loss) for the period | 9904 | -€2,234 | -€1,296 | +€938 | +42.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,234 | -€1,296 | +€938 | +42.0% |
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 8 October 2026 via checked.be.