MCVlaw: 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.
MCVlaw
Largest movements
- Cash -€16,234
down €16,234 (-34.0%), from €47,710 to €31,477
mainly Other debts (-€17,520) and Contributions, distributions and other (-€8,800)
- Receivables within one year -€10,545
down €10,545 (-36.0%), from €29,282 to €18,737
of which Other amounts receivable: -€5,577
- Tangible fixed assets +€4,130
up €4,130 (+128.9%), from €3,204 to €7,334
- Other debts -€17,520
down €17,520 (-70.1%), from €25,000 to €7,480
- Tax, wage and social debts -€2,933
down €2,933 (-13.4%), from €21,850 to €18,917
- Short-term financial debts -€2,100
down €2,100 (-57.8%), from €3,635 to €1,535
- Gross operating margin -€28,030
down €28,030 (-64.4%), from €43,504 to €15,474
- Taxes -€5,957
down €5,957 (-55.7%), from €10,702 to €4,746
- Depreciation -€961
down €961 (-60.9%), from €1,579 to €617
- Other operating charges +€511
up €511 (+73.2%), from €698 to €1,208
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 | €80,196 | €57,548 | -€22,648 | -28.2% |
| Fixed assets | 21/28 | €3,204 | €7,334 | +€4,130 | +128.9% |
| Tangible fixed assets | 22/27 | €3,204 | €7,334 | +€4,130 | +128.9% |
| Plant, machinery and equipment | 23 | €3,204 | €7,334 | +€4,130 | +128.9% |
| Current assets | 29/58 | €76,992 | €50,214 | -€26,778 | -34.8% |
| Amounts receivable within one year | 40/41 | €29,282 | €18,737 | -€10,545 | -36.0% |
| Trade receivables | 40 | €18,282 | €13,315 | -€4,967 | -27.2% |
| Other amounts receivable | 41 | €11,000 | €5,423 | -€5,577 | -50.7% |
| Cash at bank and in hand | 54/58 | €47,710 | €31,477 | -€16,234 | -34.0% |
| Total equity and liabilities | 10/49 | €80,196 | €57,548 | -€22,648 | -28.2% |
| Equity | 10/15 | €23,033 | €23,052 | +€19 | +0.1% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €200 | €200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €200 | €200 | = | 0.0% |
| Other | 1319 | €200 | €200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,833 | €20,852 | +€19 | +0.1% |
| Amounts payable | 17/49 | €57,163 | €34,496 | -€22,667 | -39.7% |
| Amounts payable within one year | 42/48 | €57,113 | €34,496 | -€22,617 | -39.6% |
| Financial debts | 43 | €3,635 | €1,535 | -€2,100 | -57.8% |
| Credit institutions | 430/8 | €3,635 | €1,535 | -€2,100 | -57.8% |
| Trade debts | 44 | €6,629 | €6,564 | -€64 | -1.0% |
| Suppliers | 440/4 | €6,629 | €6,564 | -€64 | -1.0% |
| Taxes, remuneration and social security | 45 | €21,850 | €18,917 | -€2,933 | -13.4% |
| Taxes | 450/3 | €21,850 | €18,917 | -€2,933 | -13.4% |
| Other amounts payable | 47/48 | €25,000 | €7,480 | -€17,520 | -70.1% |
| Accrued charges and deferred income | 492/3 | €50 | - | -€50 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,579 | €617 | -€961 | -60.9% |
| Other operating charges | 640/8 | €698 | €1,208 | +€511 | +73.2% |
| Gross operating margin | 9900 | €43,504 | €15,474 | -€28,030 | -64.4% |
| Operating profit (loss) | 9901 | €41,228 | €13,648 | -€27,579 | -66.9% |
| Financial income | 75/76B | €301 | €104 | -€196 | -65.3% |
| Recurring financial income | 75 | €301 | €104 | -€196 | -65.3% |
| Financial charges | 65/66B | €163 | €188 | +€25 | +15.2% |
| Recurring financial charges | 65 | €163 | €188 | +€25 | +15.2% |
| Profit (loss) for the period before taxes | 9903 | €41,365 | €13,564 | -€27,800 | -67.2% |
| Income taxes | 67/77 | €10,702 | €4,746 | -€5,957 | -55.7% |
| Profit (loss) for the period | 9904 | €30,663 | €8,819 | -€21,844 | -71.2% |
| Profit (loss) for the period to be appropriated | 9905 | €30,663 | €8,819 | -€21,844 | -71.2% |
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 5 October 2026 via checked.be.