MCXL: 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.
MCXL
Largest movements
- Receivables within one year -€70,856
down €70,856 (-82.5%), from €85,848 to €14,992
of which Trade receivables: -€70,836
- Cash +€43,774
up €43,774 (+48.0%), from €91,203 to €134,977
mainly Receivables within one year (+€70,856) and Other debts (+€29,870)
- Current investments +€24,897
new in 2025: €24,897
- Tangible fixed assets +€2,275
up €2,275 (+296.4%), from €768 to €3,043
- Reserves -€30,278
down €30,278 (-29.2%), from €103,579 to €73,301
- Other debts +€29,870
up €29,870 (+86.9%), from €34,362 to €64,231
- Trade debts +€2,637
up €2,637 (+823.3%), from €320 to €2,957
- Accrued charges and deferred income -€2,081
down €2,081 (-11.8%), from €17,628 to €15,547
- Gross operating margin -€19,489
down €19,489 (-38.4%), from €50,755 to €31,265
- Taxes -€5,297
down €5,297 (-37.6%), from €14,082 to €8,785
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 | €180,436 | €179,852 | -€584 | -0.3% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €788 | €3,063 | +€2,275 | +288.9% |
| Tangible fixed assets | 22/27 | €768 | €3,043 | +€2,275 | +296.4% |
| Furniture and vehicles | 24 | €768 | €3,043 | +€2,275 | +296.4% |
| Financial fixed assets | 28 | €20 | €20 | = | 0.0% |
| Current assets | 29/58 | €179,648 | €176,789 | -€2,859 | -1.6% |
| Amounts receivable within one year | 40/41 | €85,848 | €14,992 | -€70,856 | -82.5% |
| Trade receivables | 40 | €85,825 | €14,990 | -€70,836 | -82.5% |
| Other amounts receivable | 41 | €23 | €3 | -€20 | -88.2% |
| Current investments | 50/53 | - | €24,897 | +€24,897 | |
| Cash at bank and in hand | 54/58 | €91,203 | €134,977 | +€43,774 | +48.0% |
| Deferred charges and accrued income | 490/1 | €2,597 | €1,923 | -€675 | -26.0% |
| Total equity and liabilities | 10/49 | €180,436 | €179,852 | -€584 | -0.3% |
| Equity | 10/15 | €109,779 | €79,501 | -€30,278 | -27.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €103,579 | €73,301 | -€30,278 | -29.2% |
| Distributable reserves | 133 | €103,579 | €73,301 | -€30,278 | -29.2% |
| Amounts payable | 17/49 | €70,657 | €100,351 | +€29,694 | +42.0% |
| Amounts payable within one year | 42/48 | €53,029 | €84,805 | +€31,775 | +59.9% |
| Trade debts | 44 | €320 | €2,957 | +€2,637 | +823.3% |
| Suppliers | 440/4 | €320 | €2,957 | +€2,637 | +823.3% |
| Taxes, remuneration and social security | 45 | €18,347 | €17,616 | -€731 | -4.0% |
| Taxes | 450/3 | €15,182 | €14,451 | -€731 | -4.8% |
| Remuneration and social security | 454/9 | €3,165 | €3,165 | = | 0.0% |
| Other amounts payable | 47/48 | €34,362 | €64,231 | +€29,870 | +86.9% |
| Accrued charges and deferred income | 492/3 | €17,628 | €15,547 | -€2,081 | -11.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €622 | €874 | +€252 | +40.4% |
| Other operating charges | 640/8 | €629 | €607 | -€22 | -3.5% |
| Gross operating margin | 9900 | €50,755 | €31,265 | -€19,489 | -38.4% |
| Operating profit (loss) | 9901 | €49,503 | €29,784 | -€19,719 | -39.8% |
| Financial income | 75/76B | €64 | €78 | +€14 | +21.6% |
| Recurring financial income | 75 | €64 | €78 | +€14 | +21.6% |
| Financial charges | 65/66B | €296 | €594 | +€298 | +100.7% |
| Recurring financial charges | 65 | €296 | €594 | +€298 | +100.7% |
| Profit (loss) for the period before taxes | 9903 | €49,271 | €29,268 | -€20,003 | -40.6% |
| Income taxes | 67/77 | €14,082 | €8,785 | -€5,297 | -37.6% |
| Profit (loss) for the period | 9904 | €35,189 | €20,483 | -€14,706 | -41.8% |
| Profit (loss) for the period to be appropriated | 9905 | €35,189 | €20,483 | -€14,706 | -41.8% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.