MC DENT: 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.
MC DENT
Largest movements
- Cash -€54,219
down €54,219 (-34.9%), from €155,263 to €101,044
mainly Contributions, distributions and other (-€200,000) and Investment in fixed assets (net) (-€27,468)
- Receivables within one year -€42,310
down €42,310 (-62.8%), from €67,373 to €25,063
of which Other amounts receivable: -€44,508
- Tangible fixed assets +€11,146
up €11,146 (+23.5%), from €47,508 to €58,653
of which Other tangible fixed assets: +€12,259
- Reserves -€146,982
down €146,982 (-72.9%), from €201,500 to €54,518
- Other debts +€60,000
new in 2025: €60,000
- Tax, wage and social debts +€20,830
up €20,830 (+99.4%), from €20,947 to €41,776
of which Taxes: +€18,282
- Current portion of long-term debt -€12,252
down €12,252 (-61.0%), from €20,069 to €7,817
- Debts after one year -€7,817
down €7,817 (-40.3%), from €19,416 to €11,599
- Financial charges -€33,340
down €33,340 (-80.2%), from €41,593 to €8,252
- Gross operating margin -€26,827
down €26,827 (-19.8%), from €135,215 to €108,388
- Other operating charges -€4,871
down €4,871 (-87.5%), from €5,568 to €697
- Depreciation +€3,557
up €3,557 (+25.8%), from €13,765 to €17,322
- Financial income -€3,399
down €3,399 (-100.0%), from €3,399 to €0
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 | €275,980 | €188,513 | -€87,467 | -31.7% |
| Fixed assets | 21/28 | €52,053 | €62,199 | +€10,146 | +19.5% |
| Intangible fixed assets | 21 | €4,545 | €3,545 | -€1,000 | -22.0% |
| Tangible fixed assets | 22/27 | €47,508 | €58,653 | +€11,146 | +23.5% |
| Plant, machinery and equipment | 23 | - | €6,400 | +€6,400 | |
| Furniture and vehicles | 24 | €47,508 | €39,994 | -€7,514 | -15.8% |
| Other tangible fixed assets | 26 | - | €12,259 | +€12,259 | |
| Current assets | 29/58 | €223,927 | €126,314 | -€97,613 | -43.6% |
| Amounts receivable within one year | 40/41 | €67,373 | €25,063 | -€42,310 | -62.8% |
| Trade receivables | 40 | €15,817 | €18,015 | +€2,198 | +13.9% |
| Other amounts receivable | 41 | €51,556 | €7,048 | -€44,508 | -86.3% |
| Cash at bank and in hand | 54/58 | €155,263 | €101,044 | -€54,219 | -34.9% |
| Deferred charges and accrued income | 490/1 | €1,291 | €207 | -€1,084 | -84.0% |
| Total equity and liabilities | 10/49 | €275,980 | €188,513 | -€87,467 | -31.7% |
| Equity | 10/15 | €211,586 | €64,518 | -€147,068 | -69.5% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €201,500 | €54,518 | -€146,982 | -72.9% |
| Distributable reserves | 133 | €201,500 | €54,518 | -€146,982 | -72.9% |
| Profit (loss) carried forward | 14 | €86 | €0 | -€86 | -100.0% |
| Amounts payable | 17/49 | €64,395 | €123,995 | +€59,600 | +92.6% |
| Amounts payable after more than one year | 17 | €19,416 | €11,599 | -€7,817 | -40.3% |
| Financial debts | 170/4 | €19,416 | €11,599 | -€7,817 | -40.3% |
| Amounts payable within one year | 42/48 | €44,979 | €112,397 | +€67,418 | +149.9% |
| Current portion of amounts payable after more than one year | 42 | €20,069 | €7,817 | -€12,252 | -61.0% |
| Trade debts | 44 | €3,964 | €2,804 | -€1,161 | -29.3% |
| Suppliers | 440/4 | €3,964 | €2,804 | -€1,161 | -29.3% |
| Taxes, remuneration and social security | 45 | €20,947 | €41,776 | +€20,830 | +99.4% |
| Taxes | 450/3 | €20,947 | €39,228 | +€18,282 | +87.3% |
| Remuneration and social security | 454/9 | - | €2,548 | +€2,548 | |
| Other amounts payable | 47/48 | - | €60,000 | +€60,000 | |
| Remuneration, social security and pensions | 62 | - | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,765 | €17,322 | +€3,557 | +25.8% |
| Other operating charges | 640/8 | €5,568 | €697 | -€4,871 | -87.5% |
| Non-recurring operating charges | 66A | - | €13,446 | +€13,446 | |
| Gross operating margin | 9900 | €135,215 | €108,388 | -€26,827 | -19.8% |
| Operating profit (loss) | 9901 | €115,883 | €76,923 | -€38,960 | -33.6% |
| Financial income | 75/76B | €3,399 | €0 | -€3,399 | -100.0% |
| Recurring financial income | 75 | €3,399 | €0 | -€3,399 | -100.0% |
| Financial charges | 65/66B | €41,593 | €8,252 | -€33,340 | -80.2% |
| Recurring financial charges | 65 | €41,593 | €8,252 | -€33,340 | -80.2% |
| Profit (loss) for the period before taxes | 9903 | €77,689 | €68,670 | -€9,019 | -11.6% |
| Income taxes | 67/77 | €17,097 | €15,738 | -€1,358 | -7.9% |
| Profit (loss) for the period | 9904 | €60,593 | €52,932 | -€7,661 | -12.6% |
| Profit (loss) for the period to be appropriated | 9905 | €60,593 | €52,932 | -€7,661 | -12.6% |
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 6 October 2026 via checked.be.