MCderm: 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.
MCderm
Largest movements
- Cash +€34,248
up €34,248 (+62.0%), from €55,245 to €89,493
mainly Other debts (+€57,497) and Deferred charges and accrued income (+€11,140)
- Deferred charges and accrued income -€11,140
down €11,140 (-68.5%), from €16,272 to €5,132
- Receivables within one year -€4,394
down €4,394 (-34.6%), from €12,687 to €8,293
of which Other amounts receivable: -€11,731
- Other debts +€57,497
up €57,497 (+6693.5%), from €859 to €58,356
- Profit (loss) carried forward -€39,945
new in 2025: -€39,945
- Accrued charges and deferred income +€3,269
new in 2025: €3,269
- Financial charges +€67,509
up €67,509 (+3335.8%), from €2,024 to €69,532
- Gross operating margin -€49,837
down €49,837 (-62.8%), from €79,298 to €29,462
- Taxes -€21,308
down €21,308 (-99.3%), from €21,453 to €145
- Financial income +€1,206
up €1,206 (+204.8%), from €589 to €1,795
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 | €135,709 | €155,195 | +€19,486 | +14.4% |
| Fixed assets | 21/28 | €1,382 | €646 | -€736 | -53.3% |
| Tangible fixed assets | 22/27 | €1,382 | €646 | -€736 | -53.3% |
| Furniture and vehicles | 24 | €1,382 | €646 | -€736 | -53.3% |
| Current assets | 29/58 | €134,327 | €154,549 | +€20,222 | +15.1% |
| Amounts receivable within one year | 40/41 | €12,687 | €8,293 | -€4,394 | -34.6% |
| Trade receivables | 40 | €601 | €7,937 | +€7,337 | +1221.2% |
| Other amounts receivable | 41 | €12,086 | €355 | -€11,731 | -97.1% |
| Current investments | 50/53 | €50,123 | €51,631 | +€1,508 | +3.0% |
| Cash at bank and in hand | 54/58 | €55,245 | €89,493 | +€34,248 | +62.0% |
| Deferred charges and accrued income | 490/1 | €16,272 | €5,132 | -€11,140 | -68.5% |
| Total equity and liabilities | 10/49 | €135,709 | €155,195 | +€19,486 | +14.4% |
| Equity | 10/15 | €133,282 | €93,337 | -€39,945 | -30.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Outside capital | 11 | €3,000 | - | -€3,000 | |
| Other | 1109/19 | €3,000 | - | -€3,000 | |
| Reserves | 13 | €130,282 | €130,282 | = | 0.0% |
| Distributable reserves | 133 | €130,282 | €130,282 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€39,945 | -€39,945 | |
| Amounts payable | 17/49 | €2,428 | €61,858 | +€59,430 | +2448.0% |
| Amounts payable within one year | 42/48 | €2,428 | €58,589 | +€56,161 | +2313.4% |
| Trade debts | 44 | €1,569 | €233 | -€1,336 | -85.2% |
| Suppliers | 440/4 | €1,569 | €233 | -€1,336 | -85.2% |
| Other amounts payable | 47/48 | €859 | €58,356 | +€57,497 | +6693.5% |
| Accrued charges and deferred income | 492/3 | - | €3,269 | +€3,269 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €682 | €736 | +€54 | +7.9% |
| Other operating charges | 640/8 | €381 | €789 | +€408 | +107.0% |
| Gross operating margin | 9900 | €79,298 | €29,462 | -€49,837 | -62.8% |
| Operating profit (loss) | 9901 | €78,236 | €27,937 | -€50,298 | -64.3% |
| Financial income | 75/76B | €589 | €1,795 | +€1,206 | +204.8% |
| Recurring financial income | 75 | €589 | €1,795 | +€1,206 | +204.8% |
| Financial charges | 65/66B | €2,024 | €69,532 | +€67,509 | +3335.8% |
| Recurring financial charges | 65 | €2,024 | €69,532 | +€67,509 | +3335.8% |
| Profit (loss) for the period before taxes | 9903 | €76,801 | -€39,800 | -€116,601 | |
| Income taxes | 67/77 | €21,453 | €145 | -€21,308 | -99.3% |
| Profit (loss) for the period | 9904 | €55,348 | -€39,945 | -€95,292 | |
| Profit (loss) for the period to be appropriated | 9905 | €55,348 | -€39,945 | -€95,292 |
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 30 September 2026 via checked.be.