MLCR: 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.
MLCR
Largest movements
- Tangible fixed assets -€32,122
down €32,122 (-97.5%), from €32,929 to €807
- Receivables within one year -€8,164
down €8,164 (-54.2%), from €15,068 to €6,904
- Other debts -€94,617
down €94,617 (-47.0%), from €201,141 to €106,525
- Debts after one year +€64,991
up €64,991 (+37.6%), from €172,770 to €237,761
- Advances received -€12,100
no longer reported in 2025 (was €12,100)
- Tax, wage and social debts +€11,357
up €11,357 (+567.8%), from €2,000 to €13,357
- Purchases and services -€63,962
down €63,962 (-43.5%), from €147,195 to €83,233
- Depreciation -€14,929
down €14,929 (-99.1%), from €15,071 to €142
- Gross operating margin -€13,908
down €13,908 (-29.9%), from €46,458 to €32,550
- Financial charges -€13,725
down €13,725 (-51.1%), from €26,864 to €13,139
- Taxes -€887
down €887 (-44.3%), from €2,000 to €1,114
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 | €451,136 | €411,931 | -€39,206 | -8.7% |
| Fixed assets | 21/28 | €432,929 | €400,807 | -€32,122 | -7.4% |
| Tangible fixed assets | 22/27 | €32,929 | €807 | -€32,122 | -97.5% |
| Furniture and vehicles | 24 | €32,929 | €807 | -€32,122 | -97.5% |
| Financial fixed assets | 28 | €400,000 | €400,000 | = | 0.0% |
| Current assets | 29/58 | €18,207 | €11,124 | -€7,083 | -38.9% |
| Amounts receivable within one year | 40/41 | €15,068 | €6,904 | -€8,164 | -54.2% |
| Trade receivables | 40 | €15,068 | €6,904 | -€8,164 | -54.2% |
| Cash at bank and in hand | 54/58 | €3,097 | €3,870 | +€773 | +25.0% |
| Deferred charges and accrued income | 490/1 | €42 | €350 | +€308 | +726.3% |
| Total equity and liabilities | 10/49 | €451,136 | €411,931 | -€39,206 | -8.7% |
| Equity | 10/15 | €2,309 | -€1,828 | -€4,137 | |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Contributions outside capital | 11 | €1,000 | €1,000 | = | 0.0% |
| Other | 1109/19 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,309 | -€2,828 | -€4,137 | |
| Amounts payable | 17/49 | €448,828 | €413,759 | -€35,069 | -7.8% |
| Amounts payable after more than one year | 17 | €172,770 | €237,761 | +€64,991 | +37.6% |
| Financial debts | 170/4 | €172,770 | €237,761 | +€64,991 | +37.6% |
| Amounts payable within one year | 42/48 | €276,058 | €175,998 | -€100,060 | -36.2% |
| Current portion of amounts payable after more than one year | 42 | €51,402 | €49,225 | -€2,176 | -4.2% |
| Trade debts | 44 | €9,414 | €6,891 | -€2,524 | -26.8% |
| Suppliers | 440/4 | €9,414 | €6,891 | -€2,524 | -26.8% |
| Advances received on contracts in progress | 46 | €12,100 | - | -€12,100 | |
| Taxes, remuneration and social security | 45 | €2,000 | €13,357 | +€11,357 | +567.8% |
| Taxes | 450/3 | €2,000 | €13,357 | +€11,357 | +567.8% |
| Other amounts payable | 47/48 | €201,141 | €106,525 | -€94,617 | -47.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €147,195 | €83,233 | -€63,962 | -43.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,071 | €142 | -€14,929 | -99.1% |
| Other operating charges | 640/8 | €1,217 | €1,463 | +€246 | +20.3% |
| Non-recurring operating charges | 66A | - | €20,829 | +€20,829 | |
| Gross operating margin | 9900 | €46,458 | €32,550 | -€13,908 | -29.9% |
| Operating profit (loss) | 9901 | €30,171 | €10,116 | -€20,055 | -66.5% |
| Financial income | 75/76B | €2 | - | -€2 | |
| Recurring financial income | 75 | €2 | - | -€2 | |
| Financial charges | 65/66B | €26,864 | €13,139 | -€13,725 | -51.1% |
| Recurring financial charges | 65 | €26,864 | €13,139 | -€13,725 | -51.1% |
| Profit (loss) for the period before taxes | 9903 | €3,309 | -€3,023 | -€6,332 | |
| Income taxes | 67/77 | €2,000 | €1,114 | -€887 | -44.3% |
| Profit (loss) for the period | 9904 | €1,309 | -€4,137 | -€5,445 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,309 | -€4,137 | -€5,445 |
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 11 October 2026 via checked.be.