MCDP WAVRE: 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.
MCDP WAVRE
Largest movements
- Tangible fixed assets -€60,986
down €60,986 (-3.8%), from €1.6m to €1.5m
of which Land and buildings: -€61,183
- Cash -€24,216
down €24,216 (-53.3%), from €45,400 to €21,184
mainly Debts after one year (-€51,376) and Net result for the year (-€26,573)
- Debts after one year -€51,376
down €51,376 (-4.3%), from €1.2m to €1.1m
of which Financial debts: -€51,376
- Profit (loss) carried forward -€26,573
down €26,573 (-21.4%), from -€124,232 to -€150,805
- Gross operating margin -€32,151
down €32,151 (-26.6%), from €120,972 to €88,821
- Other operating charges +€6,927
up €6,927 (+100.2%), from €6,913 to €13,841
- Financial charges -€5,427
down €5,427 (-13.7%), from €39,606 to €34,178
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 | €1,642,168 | €1,563,846 | -€78,322 | -4.8% |
| Fixed assets | 21/28 | €1,584,579 | €1,523,593 | -€60,986 | -3.8% |
| Tangible fixed assets | 22/27 | €1,584,579 | €1,523,593 | -€60,986 | -3.8% |
| Land and buildings | 22 | €1,584,262 | €1,523,079 | -€61,183 | -3.9% |
| Furniture and vehicles | 24 | €317 | €514 | +€197 | +62.1% |
| Current assets | 29/58 | €57,590 | €40,254 | -€17,336 | -30.1% |
| Amounts receivable within one year | 40/41 | €12,159 | €19,038 | +€6,879 | +56.6% |
| Trade receivables | 40 | €11,628 | €18,406 | +€6,778 | +58.3% |
| Other amounts receivable | 41 | €532 | €632 | +€101 | +19.0% |
| Cash at bank and in hand | 54/58 | €45,400 | €21,184 | -€24,216 | -53.3% |
| Deferred charges and accrued income | 490/1 | €31 | €32 | +€1 | +3.1% |
| Total equity and liabilities | 10/49 | €1,642,168 | €1,563,846 | -€78,322 | -4.8% |
| Equity | 10/15 | €195,768 | €169,195 | -€26,573 | -13.6% |
| Contributions | 10/11 | €320,000 | €320,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€124,232 | -€150,805 | -€26,573 | -21.4% |
| Amounts payable | 17/49 | €1,446,400 | €1,394,651 | -€51,749 | -3.6% |
| Amounts payable after more than one year | 17 | €1,184,682 | €1,133,306 | -€51,376 | -4.3% |
| Financial debts | 170/4 | €1,174,182 | €1,122,806 | -€51,376 | -4.4% |
| Other amounts payable | 178/9 | €10,500 | €10,500 | = | 0.0% |
| Amounts payable within one year | 42/48 | €234,294 | €228,589 | -€5,705 | -2.4% |
| Current portion of amounts payable after more than one year | 42 | €50,719 | €51,376 | +€657 | +1.3% |
| Trade debts | 44 | €1,317 | €6,529 | +€5,212 | +395.6% |
| Suppliers | 440/4 | €1,317 | €6,529 | +€5,212 | +395.6% |
| Taxes, remuneration and social security | 45 | €6,707 | €4,929 | -€1,778 | -26.5% |
| Taxes | 450/3 | €6,707 | €4,929 | -€1,778 | -26.5% |
| Other amounts payable | 47/48 | €175,551 | €165,755 | -€9,796 | -5.6% |
| Accrued charges and deferred income | 492/3 | €27,424 | €32,755 | +€5,331 | +19.4% |
| Non-recurring operating income | 76A | €7,634 | - | -€7,634 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €67,207 | €67,385 | +€178 | +0.3% |
| Other operating charges | 640/8 | €6,913 | €13,841 | +€6,927 | +100.2% |
| Gross operating margin | 9900 | €120,972 | €88,821 | -€32,151 | -26.6% |
| Operating profit (loss) | 9901 | €46,852 | €7,595 | -€39,257 | -83.8% |
| Financial income | 75/76B | €0 | €10 | +€10 | +33233.3% |
| Recurring financial income | 75 | €0 | €10 | +€10 | +33233.3% |
| Financial charges | 65/66B | €39,606 | €34,178 | -€5,427 | -13.7% |
| Recurring financial charges | 65 | €39,606 | €34,178 | -€5,427 | -13.7% |
| Profit (loss) for the period before taxes | 9903 | €7,247 | -€26,573 | -€33,819 | |
| Profit (loss) for the period | 9904 | €7,247 | -€26,573 | -€33,819 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,247 | -€26,573 | -€33,819 |
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 8 October 2026 via checked.be.