MCD MANAGEMENT: 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 MANAGEMENT
Largest movements
- Receivables within one year -€127,185
down €127,185 (-98.8%), from €128,720 to €1,534
of which Other amounts receivable: -€127,235
- Current investments +€100,000
up €100,000, from €0 to €100,000
- Cash +€23,481
up €23,481 (+91.8%), from €25,567 to €49,047
mainly Other debts (+€155,920) and Receivables within one year (+€127,185)
- Tangible fixed assets +€8,129
up €8,129 (+31.9%), from €25,509 to €33,638
of which Land and buildings: +€11,252
- Profit (loss) carried forward -€157,219
down €157,219 (-94.9%), from €165,610 to €8,391
- Other debts +€155,920
new in 2025: €155,920
- Tax, wage and social debts +€2,967
up €2,967 (+29.2%), from €10,168 to €13,135
of which Taxes: +€2,968
- Trade debts +€1,967
up €1,967 (+94.2%), from €2,088 to €4,055
- Gross operating margin -€25,418
down €25,418 (-26.5%), from €95,938 to €70,521
- Taxes -€5,813
down €5,813 (-22.8%), from €25,445 to €19,632
- Depreciation +€1,158
up €1,158 (+48.8%), from €2,373 to €3,531
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 | €181,311 | €185,507 | +€4,195 | +2.3% |
| Fixed assets | 21/28 | €25,509 | €33,638 | +€8,129 | +31.9% |
| Tangible fixed assets | 22/27 | €25,509 | €33,638 | +€8,129 | +31.9% |
| Land and buildings | 22 | - | €11,252 | +€11,252 | |
| Furniture and vehicles | 24 | €22,647 | €22,386 | -€261 | -1.2% |
| Other tangible fixed assets | 26 | €2,863 | €0 | -€2,863 | -100.0% |
| Current assets | 29/58 | €155,802 | €151,868 | -€3,934 | -2.5% |
| Amounts receivable within one year | 40/41 | €128,720 | €1,534 | -€127,185 | -98.8% |
| Trade receivables | 40 | €1,450 | €1,500 | +€50 | +3.4% |
| Other amounts receivable | 41 | €127,270 | €34 | -€127,235 | -100.0% |
| Current investments | 50/53 | €0 | €100,000 | +€100,000 | |
| Cash at bank and in hand | 54/58 | €25,567 | €49,047 | +€23,481 | +91.8% |
| Deferred charges and accrued income | 490/1 | €1,516 | €1,287 | -€229 | -15.1% |
| Total equity and liabilities | 10/49 | €181,311 | €185,507 | +€4,195 | +2.3% |
| Equity | 10/15 | €168,610 | €11,391 | -€157,219 | -93.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €165,610 | €8,391 | -€157,219 | -94.9% |
| Amounts payable | 17/49 | €12,701 | €174,115 | +€161,414 | +1270.9% |
| Amounts payable within one year | 42/48 | €12,256 | €173,109 | +€160,854 | +1312.5% |
| Trade debts | 44 | €2,088 | €4,055 | +€1,967 | +94.2% |
| Suppliers | 440/4 | €2,088 | €4,055 | +€1,967 | +94.2% |
| Taxes, remuneration and social security | 45 | €10,168 | €13,135 | +€2,967 | +29.2% |
| Taxes | 450/3 | €8,781 | €11,749 | +€2,968 | +33.8% |
| Remuneration and social security | 454/9 | €1,386 | €1,386 | -€1 | 0.0% |
| Other amounts payable | 47/48 | - | €155,920 | +€155,920 | |
| Accrued charges and deferred income | 492/3 | €445 | €1,006 | +€561 | +125.9% |
| Non-recurring operating income | 76A | - | €18,694 | +€18,694 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,373 | €3,531 | +€1,158 | +48.8% |
| Other operating charges | 640/8 | €1,818 | €1,606 | -€211 | -11.6% |
| Non-recurring operating charges | 66A | - | €2,863 | +€2,863 | |
| Gross operating margin | 9900 | €95,938 | €70,521 | -€25,418 | -26.5% |
| Operating profit (loss) | 9901 | €91,748 | €62,521 | -€29,227 | -31.9% |
| Financial income | 75/76B | €3,055 | €2,163 | -€893 | -29.2% |
| Recurring financial income | 75 | €3,055 | €2,163 | -€893 | -29.2% |
| Financial charges | 65/66B | €1,882 | €2,271 | +€389 | +20.6% |
| Recurring financial charges | 65 | €1,882 | €2,271 | +€389 | +20.6% |
| Profit (loss) for the period before taxes | 9903 | €92,921 | €62,414 | -€30,508 | -32.8% |
| Income taxes | 67/77 | €25,445 | €19,632 | -€5,813 | -22.8% |
| Profit (loss) for the period | 9904 | €67,477 | €42,781 | -€24,695 | -36.6% |
| Profit (loss) for the period to be appropriated | 9905 | €67,477 | €42,781 | -€24,695 | -36.6% |
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 11 October 2026 via checked.be.