MCD LAW: 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.
MCD LAW
Largest movements
- Cash +€384,069
up €384,069 (+133%), from €288,375 to €672,444
mainly Net result for the year (+€279,753) and Tax, wage and social debts (+€107,398)
- Profit (loss) carried forward +€279,753
new in 2025: €279,753
- Tax, wage and social debts +€107,398
up €107,398 (+110%), from €97,889 to €205,287
- Gross operating margin +€108,720
up €108,720 (+42.4%), from €256,209 to €364,929
- Purchases and services -€20,798
no longer reported in 2025 (was €20,798)
- Taxes +€5,436
up €5,436 (+6.9%), from €78,723 to €84,158
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 | €289,226 | €672,444 | +€383,219 | +132% |
| Formation expenses | 20 | €850 | - | -€850 | |
| Current assets | 29/58 | €288,375 | €672,444 | +€384,069 | +133% |
| Cash at bank and in hand | 54/58 | €288,375 | €672,444 | +€384,069 | +133% |
| Total equity and liabilities | 10/49 | €289,226 | €672,444 | +€383,219 | +132% |
| Equity | 10/15 | €179,823 | €459,577 | +€279,753 | +156% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €176,823 | €176,823 | = | 0.0% |
| Tax-exempt reserves | 132 | €176,823 | - | -€176,823 | |
| Distributable reserves | 133 | - | €176,823 | +€176,823 | |
| Profit (loss) carried forward | 14 | - | €279,753 | +€279,753 | |
| Amounts payable | 17/49 | €109,402 | €212,868 | +€103,465 | +94.6% |
| Amounts payable within one year | 42/48 | €109,402 | €212,868 | +€103,465 | +94.6% |
| Trade debts | 44 | €11,500 | €5,975 | -€5,526 | -48.0% |
| Suppliers | 440/4 | €11,500 | €5,975 | -€5,526 | -48.0% |
| Taxes, remuneration and social security | 45 | €97,889 | €205,287 | +€107,398 | +110% |
| Taxes | 450/3 | €97,889 | €205,287 | +€107,398 | +110% |
| Other amounts payable | 47/48 | €12 | €1,606 | +€1,594 | +12,957% |
| Goods, raw materials, services and sundry goods | 60/61 | €20,798 | - | -€20,798 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,075 | €850 | -€225 | -20.9% |
| Gross operating margin | 9900 | €256,209 | €364,929 | +€108,720 | +42.4% |
| Operating profit (loss) | 9901 | €255,134 | €364,078 | +€108,945 | +42.7% |
| Financial income | 75/76B | €494 | - | -€494 | |
| Recurring financial income | 75 | €494 | - | -€494 | |
| Financial charges | 65/66B | €82 | €167 | +€85 | +104% |
| Recurring financial charges | 65 | €82 | €167 | +€85 | +104% |
| Profit (loss) for the period before taxes | 9903 | €255,546 | €363,912 | +€108,366 | +42.4% |
| Income taxes | 67/77 | €78,723 | €84,158 | +€5,436 | +6.9% |
| Profit (loss) for the period | 9904 | €176,823 | €279,753 | +€102,930 | +58.2% |
| Profit (loss) for the period to be appropriated | 9905 | €176,823 | €279,753 | +€102,930 | +58.2% |
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 28 October 2026 via checked.be.