MLC INVEST: 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.
MLC INVEST
Largest movements
- Tangible fixed assets +€116,086
up €116,086 (+7.0%), from €1.6m to €1.8m
of which Land and buildings: +€113,079
- Debts after one year +€160,394
up €160,394 (+12.5%), from €1.3m to €1.4m
of which Financial debts: +€160,394
- Profit (loss) carried forward -€96,560
down €96,560 (-257%), from -€37,605 to -€134,165
- Other debts +€62,725
up €62,725 (+20.9%), from €300,691 to €363,416
- Depreciation +€45,390
up €45,390 (+735%), from €6,178 to €51,568
- Financial charges +€39,323
up €39,323 (+992%), from €3,964 to €43,287
- Gross operating margin +€29,787
up €29,787, from -€26,592 to €3,195
- Other operating charges +€4,274
up €4,274 (+462%), from €926 to €5,200
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 | €1,649,314 | €1,778,078 | +€128,764 | +7.8% |
| Fixed assets | 21/28 | €1,647,812 | €1,763,898 | +€116,086 | +7.0% |
| Tangible fixed assets | 22/27 | €1,647,572 | €1,763,658 | +€116,086 | +7.0% |
| Land and buildings | 22 | €1,647,572 | €1,760,651 | +€113,079 | +6.9% |
| Plant, machinery and equipment | 23 | - | €3,007 | +€3,007 | |
| Financial fixed assets | 28 | €240 | €240 | = | 0.0% |
| Current assets | 29/58 | €1,502 | €14,180 | +€12,678 | +844% |
| Cash at bank and in hand | 54/58 | €1,052 | €14,046 | +€12,994 | +1,235% |
| Deferred charges and accrued income | 490/1 | €450 | €134 | -€316 | -70.2% |
| Total equity and liabilities | 10/49 | €1,649,314 | €1,778,078 | +€128,764 | +7.8% |
| Equity | 10/15 | €62,395 | -€34,165 | -€96,560 | |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€37,605 | -€134,165 | -€96,560 | -257% |
| Amounts payable | 17/49 | €1,586,918 | €1,812,242 | +€225,324 | +14.2% |
| Amounts payable after more than one year | 17 | €1,280,884 | €1,441,278 | +€160,394 | +12.5% |
| Financial debts | 170/4 | €925,884 | €1,086,278 | +€160,394 | +17.3% |
| Other amounts payable | 178/9 | €355,000 | €355,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €306,034 | €370,964 | +€64,930 | +21.2% |
| Trade debts | 44 | €5,343 | €7,548 | +€2,204 | +41.3% |
| Suppliers | 440/4 | €5,343 | €7,548 | +€2,204 | +41.3% |
| Other amounts payable | 47/48 | €300,691 | €363,416 | +€62,725 | +20.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,178 | €51,568 | +€45,390 | +735% |
| Other operating charges | 640/8 | €926 | €5,200 | +€4,274 | +462% |
| Gross operating margin | 9900 | -€26,592 | €3,195 | +€29,787 | |
| Operating profit (loss) | 9901 | -€33,696 | -€53,573 | -€19,877 | -59.0% |
| Financial income | 75/76B | €55 | €300 | +€245 | +441% |
| Recurring financial income | 75 | €55 | €300 | +€245 | +441% |
| Financial charges | 65/66B | €3,964 | €43,287 | +€39,323 | +992% |
| Recurring financial charges | 65 | €3,964 | €43,287 | +€39,323 | +992% |
| Profit (loss) for the period before taxes | 9903 | -€37,605 | -€96,560 | -€58,955 | -157% |
| Profit (loss) for the period | 9904 | -€37,605 | -€96,560 | -€58,955 | -157% |
| Profit (loss) for the period to be appropriated | 9905 | -€37,605 | -€96,560 | -€58,955 | -157% |
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 27 October 2026 via checked.be.