MC DIAL: 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 DIAL
Largest movements
- Current investments +€397,507
up €397,507 (+402050.3%), from €99 to €397,606
- Cash -€167,538
down €167,538 (-26.5%), from €631,087 to €463,549
mainly Current investments (-€397,507) and Deferred charges and accrued income (-€24,582)
- Tangible fixed assets -€52,843
down €52,843 (-33.2%), from €159,146 to €106,303
of which Other tangible fixed assets: -€37,162
- Deferred charges and accrued income +€24,582
up €24,582 (+18.9%), from €130,059 to €154,640
- Reserves +€202,779
up €202,779 (+23.0%), from €881,210 to €1.1m
of which Distributable reserves: +€202,779
- Gross operating margin +€62,521
up €62,521 (+15.2%), from €411,211 to €473,732
- Taxes +€28,040
up €28,040 (+44.0%), from €63,656 to €91,696
- Financial charges -€16,717
down €16,717 (-11.4%), from €146,870 to €130,153
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 | €942,114 | €1,144,360 | +€202,247 | +21.5% |
| Fixed assets | 21/28 | €159,146 | €106,303 | -€52,843 | -33.2% |
| Tangible fixed assets | 22/27 | €159,146 | €106,303 | -€52,843 | -33.2% |
| Plant, machinery and equipment | 23 | €1,321 | €881 | -€440 | -33.3% |
| Furniture and vehicles | 24 | €43,243 | €28,002 | -€15,241 | -35.2% |
| Other tangible fixed assets | 26 | €114,582 | €77,421 | -€37,162 | -32.4% |
| Current assets | 29/58 | €782,968 | €1,038,057 | +€255,089 | +32.6% |
| Amounts receivable within one year | 40/41 | €21,723 | €22,262 | +€539 | +2.5% |
| Trade receivables | 40 | - | €472 | +€472 | |
| Other amounts receivable | 41 | €21,723 | €21,790 | +€67 | +0.3% |
| Current investments | 50/53 | €99 | €397,606 | +€397,507 | +402050.3% |
| Cash at bank and in hand | 54/58 | €631,087 | €463,549 | -€167,538 | -26.5% |
| Deferred charges and accrued income | 490/1 | €130,059 | €154,640 | +€24,582 | +18.9% |
| Total equity and liabilities | 10/49 | €942,114 | €1,144,360 | +€202,247 | +21.5% |
| Equity | 10/15 | €893,610 | €1,096,389 | +€202,779 | +22.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Outside capital | 11 | €12,400 | - | -€12,400 | |
| Other | 1109/19 | €12,400 | - | -€12,400 | |
| Reserves | 13 | €881,210 | €1,083,989 | +€202,779 | +23.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €879,350 | €1,082,129 | +€202,779 | +23.1% |
| Amounts payable | 17/49 | €48,504 | €47,971 | -€533 | -1.1% |
| Amounts payable after more than one year | 17 | €7,473 | - | -€7,473 | |
| Financial debts | 170/4 | €7,473 | - | -€7,473 | |
| Amounts payable within one year | 42/48 | €41,027 | €47,969 | +€6,942 | +16.9% |
| Current portion of amounts payable after more than one year | 42 | €8,080 | €7,473 | -€607 | -7.5% |
| Trade debts | 44 | €218 | €193 | -€25 | -11.5% |
| Suppliers | 440/4 | €218 | €193 | -€25 | -11.5% |
| Taxes, remuneration and social security | 45 | €14,756 | €23,484 | +€8,728 | +59.1% |
| Taxes | 450/3 | €14,756 | €23,484 | +€8,728 | +59.1% |
| Other amounts payable | 47/48 | €17,973 | €16,820 | -€1,153 | -6.4% |
| Accrued charges and deferred income | 492/3 | €5 | €2 | -€2 | -52.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,539 | €56,811 | -€1,728 | -3.0% |
| Other operating charges | 640/8 | €1,530 | €929 | -€601 | -39.3% |
| Gross operating margin | 9900 | €411,211 | €473,732 | +€62,521 | +15.2% |
| Operating profit (loss) | 9901 | €351,142 | €415,992 | +€64,850 | +18.5% |
| Financial income | 75/76B | €3,916 | €8,637 | +€4,721 | +120.5% |
| Recurring financial income | 75 | €3,916 | €8,637 | +€4,721 | +120.5% |
| Financial charges | 65/66B | €146,870 | €130,153 | -€16,717 | -11.4% |
| Recurring financial charges | 65 | €146,870 | €130,153 | -€16,717 | -11.4% |
| Profit (loss) for the period before taxes | 9903 | €208,188 | €294,476 | +€86,288 | +41.4% |
| Income taxes | 67/77 | €63,656 | €91,696 | +€28,040 | +44.0% |
| Profit (loss) for the period | 9904 | €144,532 | €202,779 | +€58,247 | +40.3% |
| Profit (loss) for the period to be appropriated | 9905 | €144,532 | €202,779 | +€58,247 | +40.3% |
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 28 September 2026 via checked.be.