MDC: 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.
MDC
Largest movements
- Cash +€87,826
up €87,826 (+74.3%), from €118,189 to €206,014
mainly Net result for the year (+€111,002) and Accrued charges and deferred income (+€1,608)
- Tangible fixed assets +€11,142
up €11,142 (+2746.4%), from €406 to €11,548
- Deferred charges and accrued income +€6,595
up €6,595 (+39.6%), from €16,652 to €23,248
- Profit (loss) carried forward +€111,002
up €111,002 (+60.8%), from €182,456 to €293,458
- Tax, wage and social debts -€5,579
down €5,579 (-64.4%), from €8,658 to €3,079
- Gross operating margin +€25,369
up €25,369 (+21.3%), from €119,307 to €144,676
- Taxes +€6,439
up €6,439 (+25.2%), from €25,553 to €31,992
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 | €199,704 | €306,838 | +€107,133 | +53.6% |
| Fixed assets | 21/28 | €406 | €11,548 | +€11,142 | +2746.4% |
| Tangible fixed assets | 22/27 | €406 | €11,548 | +€11,142 | +2746.4% |
| Furniture and vehicles | 24 | €406 | €11,548 | +€11,142 | +2746.4% |
| Current assets | 29/58 | €199,299 | €295,290 | +€95,991 | +48.2% |
| Amounts receivable within one year | 40/41 | €64,458 | €66,028 | +€1,570 | +2.4% |
| Trade receivables | 40 | €63,756 | €63,756 | = | 0.0% |
| Other amounts receivable | 41 | €701 | €2,272 | +€1,570 | +223.8% |
| Cash at bank and in hand | 54/58 | €118,189 | €206,014 | +€87,826 | +74.3% |
| Deferred charges and accrued income | 490/1 | €16,652 | €23,248 | +€6,595 | +39.6% |
| Total equity and liabilities | 10/49 | €199,704 | €306,838 | +€107,133 | +53.6% |
| Equity | 10/15 | €188,456 | €299,458 | +€111,002 | +58.9% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €182,456 | €293,458 | +€111,002 | +60.8% |
| Amounts payable | 17/49 | €11,248 | €7,380 | -€3,868 | -34.4% |
| Amounts payable within one year | 42/48 | €9,552 | €4,076 | -€5,476 | -57.3% |
| Trade debts | 44 | €895 | €998 | +€103 | +11.5% |
| Suppliers | 440/4 | €895 | €998 | +€103 | +11.5% |
| Taxes, remuneration and social security | 45 | €8,658 | €3,079 | -€5,579 | -64.4% |
| Taxes | 450/3 | €8,658 | €3,079 | -€5,579 | -64.4% |
| Accrued charges and deferred income | 492/3 | €1,696 | €3,304 | +€1,608 | +94.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38 | €687 | +€649 | +1699.1% |
| Other operating charges | 640/8 | €932 | €927 | -€6 | -0.6% |
| Gross operating margin | 9900 | €119,307 | €144,676 | +€25,369 | +21.3% |
| Operating profit (loss) | 9901 | €118,336 | €143,062 | +€24,726 | +20.9% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €90 | €69 | -€21 | -23.2% |
| Recurring financial charges | 65 | €90 | €69 | -€21 | -23.2% |
| Profit (loss) for the period before taxes | 9903 | €118,246 | €142,993 | +€24,747 | +20.9% |
| Income taxes | 67/77 | €25,553 | €31,992 | +€6,439 | +25.2% |
| Profit (loss) for the period | 9904 | €92,693 | €111,002 | +€18,308 | +19.8% |
| Profit (loss) for the period to be appropriated | 9905 | €92,693 | €111,002 | +€18,308 | +19.8% |
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 28 September 2026 via checked.be.