5D MCM: 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.
5D MCM
Largest movements
- Deferred charges and accrued income +€21,337
up €21,337 (+239.8%), from €8,896 to €30,233
- Receivables within one year -€12,498
down €12,498 (-36.0%), from €34,727 to €22,228
of which Trade receivables: -€13,916
- Cash -€10,310
down €10,310 (-26.5%), from €38,852 to €28,542
mainly Other debts (-€53,538) and Deferred charges and accrued income (-€21,337)
- Tangible fixed assets -€7,174
down €7,174 (-45.0%), from €15,943 to €8,770
- Other debts -€53,538
down €53,538 (-85.9%), from €62,333 to €8,794
- Reserves +€42,147
up €42,147 (+588.6%), from €7,161 to €49,308
- Tax, wage and social debts +€4,529
up €4,529 (+41.3%), from €10,964 to €15,493
- Trade debts -€4,455
down €4,455 (-26.3%), from €16,919 to €12,464
- Accrued charges and deferred income +€2,518
new in 2025: €2,518
- Gross operating margin +€43,820
up €43,820 (+168.0%), from €26,087 to €69,907
- Taxes +€13,612
up €13,612 (+689.7%), from €1,974 to €15,586
- Financial charges +€4,605
up €4,605 (+820.4%), from €561 to €5,166
- Depreciation -€3,088
down €3,088 (-38.3%), from €8,059 to €4,971
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 | €98,418 | €89,774 | -€8,645 | -8.8% |
| Fixed assets | 21/28 | €15,943 | €8,770 | -€7,174 | -45.0% |
| Tangible fixed assets | 22/27 | €15,943 | €8,770 | -€7,174 | -45.0% |
| Land and buildings | 22 | €8,796 | €5,723 | -€3,072 | -34.9% |
| Plant, machinery and equipment | 23 | €3,896 | €2,301 | -€1,594 | -40.9% |
| Furniture and vehicles | 24 | €3,252 | €745 | -€2,507 | -77.1% |
| Current assets | 29/58 | €82,475 | €81,004 | -€1,471 | -1.8% |
| Amounts receivable within one year | 40/41 | €34,727 | €22,228 | -€12,498 | -36.0% |
| Trade receivables | 40 | €33,323 | €19,407 | -€13,916 | -41.8% |
| Other amounts receivable | 41 | €1,404 | €2,822 | +€1,418 | +101.0% |
| Cash at bank and in hand | 54/58 | €38,852 | €28,542 | -€10,310 | -26.5% |
| Deferred charges and accrued income | 490/1 | €8,896 | €30,233 | +€21,337 | +239.8% |
| Total equity and liabilities | 10/49 | €98,418 | €89,774 | -€8,645 | -8.8% |
| Equity | 10/15 | €8,161 | €50,308 | +€42,147 | +516.5% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €7,161 | €49,308 | +€42,147 | +588.6% |
| Distributable reserves | 133 | €7,161 | €49,308 | +€42,147 | +588.6% |
| Amounts payable | 17/49 | €90,258 | €39,466 | -€50,792 | -56.3% |
| Amounts payable within one year | 42/48 | €90,258 | €36,948 | -€53,309 | -59.1% |
| Financial debts | 43 | €42 | €197 | +€155 | +366.0% |
| Credit institutions | 430/8 | €42 | €197 | +€155 | +366.0% |
| Trade debts | 44 | €16,919 | €12,464 | -€4,455 | -26.3% |
| Suppliers | 440/4 | €16,919 | €12,464 | -€4,455 | -26.3% |
| Taxes, remuneration and social security | 45 | €10,964 | €15,493 | +€4,529 | +41.3% |
| Taxes | 450/3 | €10,964 | €15,493 | +€4,529 | +41.3% |
| Other amounts payable | 47/48 | €62,333 | €8,794 | -€53,538 | -85.9% |
| Accrued charges and deferred income | 492/3 | - | €2,518 | +€2,518 | |
| Non-recurring operating income | 76A | - | €13,098 | +€13,098 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,059 | €4,971 | -€3,088 | -38.3% |
| Other operating charges | 640/8 | €778 | €712 | -€66 | -8.5% |
| Non-recurring operating charges | 66A | - | €1,325 | +€1,325 | |
| Gross operating margin | 9900 | €26,087 | €69,907 | +€43,820 | +168.0% |
| Operating profit (loss) | 9901 | €17,249 | €62,898 | +€45,649 | +264.6% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €561 | €5,166 | +€4,605 | +820.4% |
| Recurring financial charges | 65 | €561 | €5,166 | +€4,605 | +820.4% |
| Profit (loss) for the period before taxes | 9903 | €16,688 | €57,733 | +€41,045 | +246.0% |
| Income taxes | 67/77 | €1,974 | €15,586 | +€13,612 | +689.7% |
| Profit (loss) for the period | 9904 | €14,714 | €42,147 | +€27,433 | +186.4% |
| Profit (loss) for the period to be appropriated | 9905 | €14,714 | €42,147 | +€27,433 | +186.4% |
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 5 October 2026 via checked.be.