MCX SERVICES: 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.
MCX SERVICES
Largest movements
- Tangible fixed assets +€46,284
up €46,284 (+228.7%), from €20,240 to €66,524
of which Furniture and vehicles: +€48,048
- Receivables within one year -€8,012
down €8,012 (-22.0%), from €36,404 to €28,392
of which Trade receivables: -€11,755
- Cash +€2,453
up €2,453 (+9.1%), from €26,947 to €29,400
mainly Debts after one year (+€35,351) and Net result for the year (+€24,984)
- Deferred charges and accrued income +€1,326
new in 2025: €1,326
- Debts after one year +€35,351
new in 2025: €35,351
- Reserves +€24,984
up €24,984 (+1343.2%), from €1,860 to €26,844
of which Distributable reserves: +€24,984
- Tax, wage and social debts -€14,846
no longer reported in 2025 (was €14,846)
of which Remuneration and social security: -€14,571
- Trade debts -€5,252
down €5,252 (-77.3%), from €6,793 to €1,540
- Other debts +€1,816
up €1,816 (+4.7%), from €38,439 to €40,255
- Staff costs +€53,475
up €53,475 (+44.5%), from €120,129 to €173,604
- Gross operating margin +€30,821
up €30,821 (+16.9%), from €182,021 to €212,842
- Taxes +€7,058
new in 2025: €7,058
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 | €83,591 | €125,643 | +€42,052 | +50.3% |
| Fixed assets | 21/28 | €20,240 | €66,524 | +€46,284 | +228.7% |
| Tangible fixed assets | 22/27 | €20,240 | €66,524 | +€46,284 | +228.7% |
| Plant, machinery and equipment | 23 | €5,988 | €4,224 | -€1,764 | -29.5% |
| Furniture and vehicles | 24 | €14,252 | €62,300 | +€48,048 | +337.1% |
| Current assets | 29/58 | €63,351 | €59,119 | -€4,232 | -6.7% |
| Amounts receivable within one year | 40/41 | €36,404 | €28,392 | -€8,012 | -22.0% |
| Trade receivables | 40 | €21,846 | €10,091 | -€11,755 | -53.8% |
| Other amounts receivable | 41 | €14,558 | €18,302 | +€3,744 | +25.7% |
| Cash at bank and in hand | 54/58 | €26,947 | €29,400 | +€2,453 | +9.1% |
| Deferred charges and accrued income | 490/1 | - | €1,326 | +€1,326 | |
| Total equity and liabilities | 10/49 | €83,591 | €125,643 | +€42,052 | +50.3% |
| Equity | 10/15 | €23,513 | €48,497 | +€24,984 | +106.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Other | 1109/19 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €26,844 | +€24,984 | +1343.2% |
| 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 | - | €24,984 | +€24,984 | |
| Profit (loss) carried forward | 14 | €15,453 | €15,453 | = | 0.0% |
| Amounts payable | 17/49 | €60,078 | €77,146 | +€17,068 | +28.4% |
| Amounts payable after more than one year | 17 | - | €35,351 | +€35,351 | |
| Financial debts | 170/4 | - | €35,351 | +€35,351 | |
| Amounts payable within one year | 42/48 | €60,078 | €41,795 | -€18,283 | -30.4% |
| Trade debts | 44 | €6,793 | €1,540 | -€5,252 | -77.3% |
| Suppliers | 440/4 | €6,793 | €1,540 | -€5,252 | -77.3% |
| Taxes, remuneration and social security | 45 | €14,846 | - | -€14,846 | |
| Taxes | 450/3 | €275 | - | -€275 | |
| Remuneration and social security | 454/9 | €14,571 | - | -€14,571 | |
| Other amounts payable | 47/48 | €38,439 | €40,255 | +€1,816 | +4.7% |
| Remuneration, social security and pensions | 62 | €120,129 | €173,604 | +€53,475 | +44.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,152 | €6,716 | -€436 | -6.1% |
| Other operating charges | 640/8 | €1,792 | €429 | -€1,363 | -76.0% |
| Gross operating margin | 9900 | €182,021 | €212,842 | +€30,821 | +16.9% |
| Operating profit (loss) | 9901 | €52,948 | €32,093 | -€20,856 | -39.4% |
| Financial income | 75/76B | €180 | €40 | -€140 | -77.8% |
| Recurring financial income | 75 | €180 | €40 | -€140 | -77.8% |
| Financial charges | 65/66B | €263 | €90 | -€173 | -65.7% |
| Recurring financial charges | 65 | €263 | €90 | -€173 | -65.7% |
| Profit (loss) for the period before taxes | 9903 | €52,865 | €32,043 | -€20,822 | -39.4% |
| Income taxes | 67/77 | - | €7,058 | +€7,058 | |
| Profit (loss) for the period | 9904 | €52,865 | €24,984 | -€27,881 | -52.7% |
| Profit (loss) for the period to be appropriated | 9905 | €52,865 | €24,984 | -€27,881 | -52.7% |
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 30 September 2026 via checked.be.