MCDM: 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.
MCDM
Largest movements
- Receivables within one year -€1,966
down €1,966 (-7.7%), from €25,368 to €23,403
of which Trade receivables: -€1,966
- Cash -€710
down €710 (-75.9%), from €936 to €225
mainly Net result for the year (-€15,617) and Contributions, distributions and other (-€63)
- Profit (loss) carried forward -€15,617
down €15,617 (-122.5%), from -€12,752 to -€28,369
- Trade debts +€9,483
up €9,483 (+386.1%), from €2,456 to €11,939
- Short-term financial debts +€2,911
up €2,911 (+75.6%), from €3,851 to €6,762
- Tax, wage and social debts +€661
up €661 (+5.8%), from €11,349 to €12,010
- Gross operating margin -€39,065
down €39,065, from €26,311 to -€12,754
- Financial income -€5,697
no longer reported in 2024 (was €5,697)
of which Financial income: -€5,697
- Financial charges -€2,203
no longer reported in 2024 (was €2,203)
- Other operating charges -€1,195
down €1,195 (-29.4%), from €4,058 to €2,863
- Taxes -€882
no longer reported in 2024 (was €882)
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €26,304 | €23,678 | -€2,626 | -10.0% |
| Current assets | 29/58 | €26,304 | €23,678 | -€2,626 | -10.0% |
| Amounts receivable within one year | 40/41 | €25,368 | €23,403 | -€1,966 | -7.7% |
| Trade receivables | 40 | €17,780 | €15,815 | -€1,966 | -11.1% |
| Other amounts receivable | 41 | €7,588 | €7,588 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €936 | €225 | -€710 | -75.9% |
| Deferred charges and accrued income | 490/1 | - | €50 | +€50 | |
| Total equity and liabilities | 10/49 | €26,304 | €23,678 | -€2,626 | -10.0% |
| Equity | 10/15 | -€6,552 | -€22,232 | -€15,681 | -239.3% |
| Contributions | 10/11 | €6,200 | €6,137 | -€63 | -1.0% |
| Profit (loss) carried forward | 14 | -€12,752 | -€28,369 | -€15,617 | -122.5% |
| Amounts payable | 17/49 | €32,856 | €45,910 | +€13,055 | +39.7% |
| Amounts payable within one year | 42/48 | €32,856 | €45,910 | +€13,055 | +39.7% |
| Financial debts | 43 | €3,851 | €6,762 | +€2,911 | +75.6% |
| Credit institutions | 430/8 | €3,851 | €6,762 | +€2,911 | +75.6% |
| Trade debts | 44 | €2,456 | €11,939 | +€9,483 | +386.1% |
| Suppliers | 440/4 | €2,456 | €11,939 | +€9,483 | +386.1% |
| Taxes, remuneration and social security | 45 | €11,349 | €12,010 | +€661 | +5.8% |
| Taxes | 450/3 | €11,349 | €12,010 | +€661 | +5.8% |
| Other amounts payable | 47/48 | €15,200 | €15,200 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €153 | - | -€153 | |
| Other operating charges | 640/8 | €4,058 | €2,863 | -€1,195 | -29.4% |
| Non-recurring operating charges | 66A | €1,891 | - | -€1,891 | |
| Gross operating margin | 9900 | €26,311 | -€12,754 | -€39,065 | |
| Operating profit (loss) | 9901 | €20,208 | -€15,617 | -€35,826 | |
| Financial income | 75/76B | €5,697 | - | -€5,697 | |
| Recurring financial income | 75 | €5,697 | - | -€5,697 | |
| Non-recurring financial income | 76B | €5,697 | - | -€5,697 | |
| Financial charges | 65/66B | €2,203 | - | -€2,203 | |
| Recurring financial charges | 65 | €2,203 | - | -€2,203 | |
| Profit (loss) for the period before taxes | 9903 | €23,703 | -€15,617 | -€39,320 | |
| Income taxes | 67/77 | €882 | - | -€882 | |
| Profit (loss) for the period | 9904 | €22,820 | -€15,617 | -€38,438 | |
| Profit (loss) for the period to be appropriated | 9905 | €22,820 | -€15,617 | -€38,438 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.