MMCA Construction: 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.
MMCA Construction
Largest movements
- Financial fixed assets +€674,454
up €674,454 (+149.2%), from €452,000 to €1.1m
- Cash +€122,654
up €122,654 (+408.3%), from €30,041 to €152,695
mainly Debts after one year (+€520,069) and Net result for the year (+€320,935)
- Tangible fixed assets -€14,225
down €14,225 (-24.7%), from €57,571 to €43,346
of which Leasing and similar rights: -€11,600
- Debts after one year +€520,069
up €520,069 (+154.0%), from €337,803 to €857,872
- Profit (loss) carried forward +€320,935
up €320,935 (+1046.2%), from €30,675 to €351,610
- Other debts -€151,500
down €151,500 (-100.0%), from €151,500 to €0
- Current portion of long-term debt +€101,267
up €101,267 (+353.3%), from €28,664 to €129,931
- Financial income +€325,660
up €325,660, from €0 to €325,660
- Financial charges +€15,876
up €15,876 (+264.4%), from €6,004 to €21,880
- Gross operating margin +€12,252
up €12,252 (+62.0%), from €19,756 to €32,008
- Depreciation +€4,921
up €4,921 (+52.9%), from €9,304 to €14,225
- Other operating charges -€1,103
down €1,103 (-57.9%), from €1,907 to €804
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 | €564,473 | €1,361,831 | +€797,358 | +141.3% |
| Fixed assets | 21/28 | €509,571 | €1,169,801 | +€660,230 | +129.6% |
| Tangible fixed assets | 22/27 | €57,571 | €43,346 | -€14,225 | -24.7% |
| Furniture and vehicles | 24 | €2,625 | €0 | -€2,625 | -100.0% |
| Leasing and similar rights | 25 | €54,946 | €43,346 | -€11,600 | -21.1% |
| Financial fixed assets | 28 | €452,000 | €1,126,454 | +€674,454 | +149.2% |
| Current assets | 29/58 | €54,902 | €192,030 | +€137,128 | +249.8% |
| Amounts receivable within one year | 40/41 | €22,305 | €35,902 | +€13,597 | +61.0% |
| Trade receivables | 40 | €20,393 | €35,485 | +€15,092 | +74.0% |
| Other amounts receivable | 41 | €1,912 | €417 | -€1,495 | -78.2% |
| Cash at bank and in hand | 54/58 | €30,041 | €152,695 | +€122,654 | +408.3% |
| Deferred charges and accrued income | 490/1 | €2,556 | €3,433 | +€878 | +34.3% |
| Total equity and liabilities | 10/49 | €564,473 | €1,361,831 | +€797,358 | +141.3% |
| Equity | 10/15 | €38,675 | €359,610 | +€320,935 | +829.8% |
| Contributions | 10/11 | €8,000 | €8,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €30,675 | €351,610 | +€320,935 | +1046.2% |
| Amounts payable | 17/49 | €525,798 | €1,002,220 | +€476,422 | +90.6% |
| Amounts payable after more than one year | 17 | €337,803 | €857,872 | +€520,069 | +154.0% |
| Financial debts | 170/4 | €337,803 | €857,872 | +€520,069 | +154.0% |
| Amounts payable within one year | 42/48 | €183,757 | €131,683 | -€52,074 | -28.3% |
| Current portion of amounts payable after more than one year | 42 | €28,664 | €129,931 | +€101,267 | +353.3% |
| Trade debts | 44 | €2,709 | €1,751 | -€958 | -35.4% |
| Suppliers | 440/4 | €2,709 | €1,751 | -€958 | -35.4% |
| Taxes, remuneration and social security | 45 | €884 | €0 | -€884 | -100.0% |
| Taxes | 450/3 | €884 | €0 | -€884 | -100.0% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €151,500 | €0 | -€151,500 | -100.0% |
| Accrued charges and deferred income | 492/3 | €4,238 | €12,666 | +€8,428 | +198.9% |
| Non-recurring operating income | 76A | - | €206 | +€206 | |
| Remuneration, social security and pensions | 62 | €658 | €0 | -€658 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,304 | €14,225 | +€4,921 | +52.9% |
| Other operating charges | 640/8 | €1,907 | €804 | -€1,103 | -57.9% |
| Gross operating margin | 9900 | €19,756 | €32,008 | +€12,252 | +62.0% |
| Operating profit (loss) | 9901 | €7,888 | €16,980 | +€9,092 | +115.3% |
| Financial income | 75/76B | €0 | €325,660 | +€325,660 | |
| Recurring financial income | 75 | €0 | €325,660 | +€325,660 | |
| Financial charges | 65/66B | €6,004 | €21,880 | +€15,876 | +264.4% |
| Recurring financial charges | 65 | €6,004 | €21,880 | +€15,876 | +264.4% |
| Profit (loss) for the period before taxes | 9903 | €1,884 | €320,759 | +€318,875 | +16924.9% |
| Income taxes | 67/77 | €884 | -€176 | -€1,060 | |
| Profit (loss) for the period | 9904 | €1,000 | €320,935 | +€319,935 | +31980.1% |
| Profit (loss) for the period to be appropriated | 9905 | €1,000 | €320,935 | +€319,935 | +31980.1% |
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 29 September 2026 via checked.be.