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
- Receivables after one year +€87,300
up €87,300 (+30.5%), from €286,000 to €373,300
- Cash +€10,696
up €10,696 (+33.4%), from €32,008 to €42,705
mainly Net result for the year (+€68,389) and Trade debts (+€39,476)
- Receivables within one year -€6,604
down €6,604 (-98.5%), from €6,707 to €103
- Profit (loss) carried forward +€68,389
up €68,389 (+26.8%), from €255,432 to €323,821
- Trade debts +€39,476
up €39,476 (+131.4%), from €30,052 to €69,528
- Debts after one year -€13,628
no longer reported in 2024 (was €13,628)
- Tax, wage and social debts -€10,970
down €10,970 (-20.1%), from €54,567 to €43,596
of which Taxes: -€17,710
- Gross operating margin +€58,547
up €58,547 (+32.6%), from €179,597 to €238,144
- Staff costs +€41,148
up €41,148 (+50.1%), from €82,164 to €123,312
- Financial charges +€5,036
up €5,036 (+135.1%), from €3,726 to €8,762
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €358,680 | €444,533 | +€85,852 | +23.9% |
| Fixed assets | 21/28 | €26,945 | €22,954 | -€3,991 | -14.8% |
| Tangible fixed assets | 22/27 | €26,945 | €22,954 | -€3,991 | -14.8% |
| Plant, machinery and equipment | 23 | €8,969 | €7,126 | -€1,844 | -20.6% |
| Furniture and vehicles | 24 | €13,007 | €12,090 | -€917 | -7.1% |
| Other tangible fixed assets | 26 | €4,968 | €3,738 | -€1,230 | -24.8% |
| Current assets | 29/58 | €331,736 | €421,579 | +€89,843 | +27.1% |
| Amounts receivable after more than one year | 29 | €286,000 | €373,300 | +€87,300 | +30.5% |
| Other amounts receivable | 291 | €286,000 | €373,300 | +€87,300 | +30.5% |
| Stocks and contracts in progress | 3 | €5,000 | €5,000 | = | 0.0% |
| Stocks | 30/36 | €5,000 | €5,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €6,707 | €103 | -€6,604 | -98.5% |
| Other amounts receivable | 41 | €6,707 | €103 | -€6,604 | -98.5% |
| Cash at bank and in hand | 54/58 | €32,008 | €42,705 | +€10,696 | +33.4% |
| Deferred charges and accrued income | 490/1 | €2,020 | €471 | -€1,549 | -76.7% |
| Total equity and liabilities | 10/49 | €358,680 | €444,533 | +€85,852 | +23.9% |
| Equity | 10/15 | €260,434 | €328,823 | +€68,389 | +26.3% |
| Reserves | 13 | €5,002 | €5,002 | = | 0.0% |
| Non-distributable reserves | 130/1 | €5,002 | €5,002 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,002 | €5,002 | = | 0.0% |
| Profit (loss) carried forward | 14 | €255,432 | €323,821 | +€68,389 | +26.8% |
| Amounts payable | 17/49 | €98,246 | €115,710 | +€17,464 | +17.8% |
| Amounts payable after more than one year | 17 | €13,628 | - | -€13,628 | |
| Financial debts | 170/4 | €13,628 | - | -€13,628 | |
| Amounts payable within one year | 42/48 | €84,619 | €113,124 | +€28,505 | +33.7% |
| Trade debts | 44 | €30,052 | €69,528 | +€39,476 | +131.4% |
| Suppliers | 440/4 | €30,052 | €69,528 | +€39,476 | +131.4% |
| Taxes, remuneration and social security | 45 | €54,567 | €43,596 | -€10,970 | -20.1% |
| Taxes | 450/3 | €46,674 | €28,964 | -€17,710 | -37.9% |
| Remuneration and social security | 454/9 | €7,893 | €14,632 | +€6,740 | +85.4% |
| Accrued charges and deferred income | 492/3 | - | €2,586 | +€2,586 | |
| Remuneration, social security and pensions | 62 | €82,164 | €123,312 | +€41,148 | +50.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,712 | €9,591 | +€879 | +10.1% |
| Other operating charges | 640/8 | €1,155 | €3,383 | +€2,229 | +193.0% |
| Gross operating margin | 9900 | €179,597 | €238,144 | +€58,547 | +32.6% |
| Operating profit (loss) | 9901 | €87,567 | €101,858 | +€14,291 | +16.3% |
| Financial income | 75/76B | €1 | €13 | +€12 | +1277.1% |
| Recurring financial income | 75 | €1 | €13 | +€12 | +1277.1% |
| Financial charges | 65/66B | €3,726 | €8,762 | +€5,036 | +135.1% |
| Recurring financial charges | 65 | €3,726 | €8,762 | +€5,036 | +135.1% |
| Profit (loss) for the period before taxes | 9903 | €83,841 | €93,109 | +€9,268 | +11.1% |
| Income taxes | 67/77 | €22,800 | €24,720 | +€1,920 | +8.4% |
| Profit (loss) for the period | 9904 | €61,041 | €68,389 | +€7,348 | +12.0% |
| Profit (loss) for the period to be appropriated | 9905 | €61,041 | €68,389 | +€7,348 | +12.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.