MCDW Time Square: 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.
MCDW Time Square
Largest movements
- Tangible fixed assets -€17,121
down €17,121 (-4.3%), from €393,788 to €376,667
- Debts after one year -€28,241
down €28,241 (-8.0%), from €351,752 to €323,511
- Profit (loss) carried forward +€7,197
up €7,197 (+48.8%), from €14,751 to €21,948
- Gross operating margin -€2,288
down €2,288 (-5.7%), from €40,265 to €37,977
- Taxes +€853
up €853 (+55.0%), from €1,550 to €2,403
- Financial charges -€802
down €802 (-6.9%), from €11,658 to €10,856
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.
Derived cash bridge
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 | €435,921 | €421,259 | -€14,662 | -3.4% |
| Fixed assets | 21/28 | €393,985 | €376,864 | -€17,121 | -4.3% |
| Tangible fixed assets | 22/27 | €393,788 | €376,667 | -€17,121 | -4.3% |
| Land and buildings | 22 | €393,788 | €376,667 | -€17,121 | -4.3% |
| Financial fixed assets | 28 | €197 | €197 | = | 0.0% |
| Current assets | 29/58 | €41,937 | €44,396 | +€2,459 | +5.9% |
| Amounts receivable within one year | 40/41 | €40,917 | €43,131 | +€2,214 | +5.4% |
| Other amounts receivable | 41 | €40,917 | €43,131 | +€2,214 | +5.4% |
| Cash at bank and in hand | 54/58 | €420 | €1,127 | +€707 | +169% |
| Deferred charges and accrued income | 490/1 | €600 | €137 | -€462 | -77.1% |
| Total equity and liabilities | 10/49 | €435,921 | €421,259 | -€14,662 | -3.4% |
| Equity | 10/15 | €35,203 | €42,400 | +€7,197 | +20.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,751 | €21,948 | +€7,197 | +48.8% |
| Amounts payable | 17/49 | €400,719 | €378,860 | -€21,859 | -5.5% |
| Amounts payable after more than one year | 17 | €351,752 | €323,511 | -€28,241 | -8.0% |
| Financial debts | 170/4 | €351,752 | €323,511 | -€28,241 | -8.0% |
| Amounts payable within one year | 42/48 | €48,967 | €55,349 | +€6,381 | +13.0% |
| Current portion of amounts payable after more than one year | 42 | €27,423 | €28,241 | +€817 | +3.0% |
| Trade debts | 44 | €421 | €1,980 | +€1,559 | +370% |
| Suppliers | 440/4 | €421 | €1,980 | +€1,559 | +370% |
| Taxes, remuneration and social security | 45 | €1,950 | €2,817 | +€867 | +44.4% |
| Taxes | 450/3 | €1,950 | €2,817 | +€867 | +44.4% |
| Other amounts payable | 47/48 | €19,173 | €22,311 | +€3,139 | +16.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,121 | €17,121 | = | 0.0% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €40,265 | €37,977 | -€2,288 | -5.7% |
| Operating profit (loss) | 9901 | €22,757 | €20,456 | -€2,300 | -10.1% |
| Financial charges | 65/66B | €11,658 | €10,856 | -€802 | -6.9% |
| Recurring financial charges | 65 | €11,658 | €10,856 | -€802 | -6.9% |
| Profit (loss) for the period before taxes | 9903 | €11,098 | €9,600 | -€1,498 | -13.5% |
| Income taxes | 67/77 | €1,550 | €2,403 | +€853 | +55.0% |
| Profit (loss) for the period | 9904 | €9,548 | €7,197 | -€2,352 | -24.6% |
| Profit (loss) for the period to be appropriated | 9905 | €9,548 | €7,197 | -€2,352 | -24.6% |
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 14 October 2026 via checked.be.