MCDP INVEST: what changed
MCDP INVEST
Largest movements
- Cash -€163,898
down €163,898 (-88.3%), from €185,645 to €21,747
mainly Other debts (-€164,005) and Investment in fixed assets (net) (-€103,182)
- Receivables within one year -€125,675
down €125,675 (-97.3%), from €129,173 to €3,499
of which Trade receivables: -€110,772
- Tangible fixed assets +€57,988
up €57,988 (+4.9%), from €1.2m to €1.2m
of which Other tangible fixed assets: +€59,088
- Other debts -€164,005
down €164,005 (-74.8%), from €219,197 to €55,192
- Profit (loss) carried forward -€56,372
down €56,372, from €49,151 to -€7,221
- Debts after one year -€31,620
down €31,620 (-3.3%), from €955,857 to €924,237
of which Financial debts: -€21,120
- Current portion of long-term debt +€17,137
up €17,137 (+81.9%), from €20,929 to €38,066
- Depreciation +€29,552
up €29,552 (+189%), from €15,642 to €45,194
- Financial charges +€14,554
up €14,554 (+70.0%), from €20,798 to €35,351
- Gross operating margin -€3,485
down €3,485 (-11.3%), from €30,775 to €27,290
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,499,476 | €1,269,523 | -€229,954 | -15.3% |
| Fixed assets | 21/28 | €1,184,658 | €1,242,646 | +€57,988 | +4.9% |
| Tangible fixed assets | 22/27 | €1,184,658 | €1,242,646 | +€57,988 | +4.9% |
| Land and buildings | 22 | €228,129 | €221,293 | -€6,836 | -3.0% |
| Furniture and vehicles | 24 | - | €5,736 | +€5,736 | |
| Other tangible fixed assets | 26 | €956,529 | €1,015,617 | +€59,088 | +6.2% |
| Current assets | 29/58 | €314,818 | €26,876 | -€287,942 | -91.5% |
| Amounts receivable within one year | 40/41 | €129,173 | €3,499 | -€125,675 | -97.3% |
| Trade receivables | 40 | €113,621 | €2,850 | -€110,772 | -97.5% |
| Other amounts receivable | 41 | €15,552 | €649 | -€14,903 | -95.8% |
| Cash at bank and in hand | 54/58 | €185,645 | €21,747 | -€163,898 | -88.3% |
| Deferred charges and accrued income | 490/1 | - | €1,631 | +€1,631 | |
| Total equity and liabilities | 10/49 | €1,499,476 | €1,269,523 | -€229,954 | -15.3% |
| Equity | 10/15 | €282,206 | €225,834 | -€56,372 | -20.0% |
| Contributions | 10/11 | €231,200 | €231,200 | = | 0.0% |
| Reserves | 13 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €1,855 | €1,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | €49,151 | -€7,221 | -€56,372 | |
| Amounts payable | 17/49 | €1,217,270 | €1,043,689 | -€173,582 | -14.3% |
| Amounts payable after more than one year | 17 | €955,857 | €924,237 | -€31,620 | -3.3% |
| Financial debts | 170/4 | €945,357 | €924,237 | -€21,120 | -2.2% |
| Other amounts payable | 178/9 | €10,500 | - | -€10,500 | |
| Amounts payable within one year | 42/48 | €250,891 | €98,664 | -€152,227 | -60.7% |
| Current portion of amounts payable after more than one year | 42 | €20,929 | €38,066 | +€17,137 | +81.9% |
| Trade debts | 44 | €10,765 | €5,406 | -€5,359 | -49.8% |
| Suppliers | 440/4 | €10,765 | €5,406 | -€5,359 | -49.8% |
| Other amounts payable | 47/48 | €219,197 | €55,192 | -€164,005 | -74.8% |
| Accrued charges and deferred income | 492/3 | €10,523 | €20,787 | +€10,264 | +97.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,642 | €45,194 | +€29,552 | +189% |
| Other operating charges | 640/8 | €3,316 | €3,118 | -€198 | -6.0% |
| Gross operating margin | 9900 | €30,775 | €27,290 | -€3,485 | -11.3% |
| Operating profit (loss) | 9901 | €11,818 | -€21,021 | -€32,839 | |
| Financial income | 75/76B | €0 | €1 | +€1 | +1,583% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +1,583% |
| Financial charges | 65/66B | €20,798 | €35,351 | +€14,554 | +70.0% |
| Recurring financial charges | 65 | €20,798 | €35,351 | +€14,554 | +70.0% |
| Profit (loss) for the period before taxes | 9903 | -€8,979 | -€56,372 | -€47,392 | -528% |
| Profit (loss) for the period | 9904 | -€8,979 | -€56,372 | -€47,392 | -528% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,979 | -€56,372 | -€47,392 | -528% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.