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
- Tangible fixed assets -€40,877
down €40,877 (-12.1%), from €337,328 to €296,450
of which Land and buildings: -€24,979
- Receivables within one year +€16,010
up €16,010 (+15.1%), from €105,687 to €121,698
of which Trade receivables: +€18,849
- Cash -€9,374
down €9,374 (-97.7%), from €9,592 to €218
mainly Debts after one year (-€49,611) and Trade debts (-€17,050)
- Debts after one year -€49,611
down €49,611 (-48.2%), from €103,022 to €53,410
- Other debts +€20,000
new in 2024: €20,000
- Reserves +€17,693
up €17,693 (+7.8%), from €225,466 to €243,158
- Trade debts -€17,050
down €17,050 (-56.1%), from €30,370 to €13,320
- Tax, wage and social debts -€7,413
down €7,413 (-27.6%), from €26,822 to €19,409
- Depreciation +€5,852
up €5,852 (+16.7%), from €35,026 to €40,877
- Gross operating margin +€2,099
up €2,099 (+2.9%), from €72,723 to €74,822
- Taxes -€1,298
down €1,298 (-15.6%), from €8,316 to €7,018
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 | €456,330 | €422,190 | -€34,140 | -7.5% |
| Fixed assets | 21/28 | €337,328 | €296,450 | -€40,877 | -12.1% |
| Tangible fixed assets | 22/27 | €337,328 | €296,450 | -€40,877 | -12.1% |
| Land and buildings | 22 | €199,746 | €174,767 | -€24,979 | -12.5% |
| Plant, machinery and equipment | 23 | €20,914 | €18,587 | -€2,327 | -11.1% |
| Furniture and vehicles | 24 | €116,667 | €103,096 | -€13,572 | -11.6% |
| Current assets | 29/58 | €119,003 | €125,740 | +€6,738 | +5.7% |
| Amounts receivable within one year | 40/41 | €105,687 | €121,698 | +€16,010 | +15.1% |
| Trade receivables | 40 | €56,029 | €74,878 | +€18,849 | +33.6% |
| Other amounts receivable | 41 | €49,658 | €46,819 | -€2,839 | -5.7% |
| Cash at bank and in hand | 54/58 | €9,592 | €218 | -€9,374 | -97.7% |
| Deferred charges and accrued income | 490/1 | €3,723 | €3,824 | +€101 | +2.7% |
| Total equity and liabilities | 10/49 | €456,330 | €422,190 | -€34,140 | -7.5% |
| Equity | 10/15 | €244,460 | €262,153 | +€17,693 | +7.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €225,466 | €243,158 | +€17,693 | +7.8% |
| Distributable reserves | 133 | €225,466 | €243,158 | +€17,693 | +7.8% |
| Profit (loss) carried forward | 14 | €6,595 | €6,595 | +€0 | 0.0% |
| Amounts payable | 17/49 | €211,870 | €160,037 | -€51,833 | -24.5% |
| Amounts payable after more than one year | 17 | €103,022 | €53,410 | -€49,611 | -48.2% |
| Financial debts | 170/4 | €103,022 | €53,410 | -€49,611 | -48.2% |
| Amounts payable within one year | 42/48 | €104,849 | €102,247 | -€2,602 | -2.5% |
| Current portion of amounts payable after more than one year | 42 | €47,657 | €49,518 | +€1,861 | +3.9% |
| Trade debts | 44 | €30,370 | €13,320 | -€17,050 | -56.1% |
| Suppliers | 440/4 | €30,370 | €13,320 | -€17,050 | -56.1% |
| Taxes, remuneration and social security | 45 | €26,822 | €19,409 | -€7,413 | -27.6% |
| Taxes | 450/3 | €26,822 | €19,409 | -€7,413 | -27.6% |
| Other amounts payable | 47/48 | - | €20,000 | +€20,000 | |
| Accrued charges and deferred income | 492/3 | €3,999 | €4,380 | +€380 | +9.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,026 | €40,877 | +€5,852 | +16.7% |
| Other operating charges | 640/8 | €3,041 | €2,480 | -€561 | -18.4% |
| Gross operating margin | 9900 | €72,723 | €74,822 | +€2,099 | +2.9% |
| Operating profit (loss) | 9901 | €34,656 | €31,465 | -€3,192 | -9.2% |
| Financial charges | 65/66B | €6,799 | €6,754 | -€45 | -0.7% |
| Recurring financial charges | 65 | €6,799 | €6,754 | -€45 | -0.7% |
| Profit (loss) for the period before taxes | 9903 | €27,857 | €24,711 | -€3,147 | -11.3% |
| Income taxes | 67/77 | €8,316 | €7,018 | -€1,298 | -15.6% |
| Profit (loss) for the period | 9904 | €19,541 | €17,693 | -€1,848 | -9.5% |
| Profit (loss) for the period to be appropriated | 9905 | €19,541 | €17,693 | -€1,848 | -9.5% |
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 7 October 2026 via checked.be.