M.D.C.: 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.
M.D.C.
Largest movements
- Cash +€57,135
up €57,135 (+457%), from €12,516 to €69,651
mainly Other debts (+€41,280) and Trade debts (+€11,460)
- Other debts +€41,280
new in 2025: €41,280
- Trade debts +€11,460
up €11,460 (+1,621%), from €707 to €12,167
- Profit (loss) carried forward +€4,495
up €4,495 (+34.1%), from -€13,177 to -€8,683
- Write-downs -€23,717
no longer reported in 2025 (was €23,717)
- Gross operating margin +€8,300
up €8,300, from -€3,056 to €5,244
- Other operating charges -€388
down €388 (-49.3%), from €788 to €400
- Taxes -€204
down €204 (-50.6%), from €403 to €199
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 | €12,939 | €70,173 | +€57,235 | +442% |
| Current assets | 29/58 | €12,939 | €70,173 | +€57,235 | +442% |
| Amounts receivable within one year | 40/41 | €423 | €522 | +€99 | +23.5% |
| Other amounts receivable | 41 | €423 | €522 | +€99 | +23.5% |
| Cash at bank and in hand | 54/58 | €12,516 | €69,651 | +€57,135 | +457% |
| Total equity and liabilities | 10/49 | €12,939 | €70,173 | +€57,235 | +442% |
| Equity | 10/15 | €12,232 | €16,726 | +€4,495 | +36.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €6,817 | €6,817 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | - | -€1,859 | |
| Reserves not available under the articles | 1311 | €1,859 | - | -€1,859 | |
| Distributable reserves | 133 | €4,958 | €6,817 | +€1,859 | +37.5% |
| Profit (loss) carried forward | 14 | -€13,177 | -€8,683 | +€4,495 | +34.1% |
| Amounts payable | 17/49 | €707 | €53,447 | +€52,740 | +7,461% |
| Amounts payable within one year | 42/48 | €707 | €53,447 | +€52,740 | +7,461% |
| Trade debts | 44 | €707 | €12,167 | +€11,460 | +1,621% |
| Suppliers | 440/4 | €707 | €12,167 | +€11,460 | +1,621% |
| Other amounts payable | 47/48 | - | €41,280 | +€41,280 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €23,717 | - | -€23,717 | |
| Other operating charges | 640/8 | €788 | €400 | -€388 | -49.3% |
| Gross operating margin | 9900 | -€3,056 | €5,244 | +€8,300 | |
| Operating profit (loss) | 9901 | -€27,560 | €4,845 | +€32,405 | |
| Financial charges | 65/66B | €155 | €151 | -€5 | -2.9% |
| Recurring financial charges | 65 | €155 | €151 | -€5 | -2.9% |
| Profit (loss) for the period before taxes | 9903 | -€27,715 | €4,694 | +€32,409 | |
| Income taxes | 67/77 | €403 | €199 | -€204 | -50.6% |
| Profit (loss) for the period | 9904 | -€28,119 | €4,495 | +€32,613 | |
| Profit (loss) for the period to be appropriated | 9905 | -€28,119 | €4,495 | +€32,613 |
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 17 October 2026 via checked.be.