MDC Business: 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.
MDC Business
Largest movements
- Stocks and contracts +€27,962
new in 2025: €27,962
- Cash -€7,938
down €7,938 (-68.2%), from €11,641 to €3,704
mainly Stocks and contracts (-€27,962) and Net result for the year (-€13,508)
- Tangible fixed assets -€2,566
down €2,566 (-31.6%), from €8,128 to €5,562
of which Furniture and vehicles: -€1,479
- Receivables within one year -€437
down €437 (-27.3%), from €1,598 to €1,161
of which Other amounts receivable: -€227
- Other debts +€30,197
up €30,197 (+4,277%), from €706 to €30,903
- Profit (loss) carried forward -€13,508
down €13,508, from €6,748 to -€6,759
- Trade debts +€1,834
up €1,834 (+151%), from €1,214 to €3,048
- Debts after one year -€1,703
down €1,703 (-28.7%), from €5,929 to €4,226
- Gross operating margin -€17,500
down €17,500, from €10,087 to -€7,412
- Other operating charges +€1,197
up €1,197 (+60.4%), from €1,981 to €3,179
- Depreciation +€764
up €764 (+42.3%), from €1,803 to €2,566
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 | €22,612 | €39,655 | +€17,043 | +75.4% |
| Fixed assets | 21/28 | €8,221 | €5,654 | -€2,566 | -31.2% |
| Tangible fixed assets | 22/27 | €8,128 | €5,562 | -€2,566 | -31.6% |
| Furniture and vehicles | 24 | €6,678 | €5,199 | -€1,479 | -22.1% |
| Other tangible fixed assets | 26 | €1,451 | €363 | -€1,088 | -75.0% |
| Financial fixed assets | 28 | €93 | €93 | = | 0.0% |
| Current assets | 29/58 | €14,391 | €34,000 | +€19,609 | +136% |
| Stocks and contracts in progress | 3 | - | €27,962 | +€27,962 | |
| Stocks | 30/36 | - | €27,962 | +€27,962 | |
| Amounts receivable within one year | 40/41 | €1,598 | €1,161 | -€437 | -27.3% |
| Trade receivables | 40 | €377 | €167 | -€210 | -55.8% |
| Other amounts receivable | 41 | €1,221 | €994 | -€227 | -18.6% |
| Cash at bank and in hand | 54/58 | €11,641 | €3,704 | -€7,938 | -68.2% |
| Deferred charges and accrued income | 490/1 | €1,152 | €1,173 | +€22 | +1.9% |
| Total equity and liabilities | 10/49 | €22,612 | €39,655 | +€17,043 | +75.4% |
| Equity | 10/15 | €12,948 | -€559 | -€13,508 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,748 | -€6,759 | -€13,508 | |
| Amounts payable | 17/49 | €9,664 | €40,214 | +€30,551 | +316% |
| Amounts payable after more than one year | 17 | €5,929 | €4,226 | -€1,703 | -28.7% |
| Financial debts | 170/4 | €5,929 | €4,226 | -€1,703 | -28.7% |
| Amounts payable within one year | 42/48 | €3,711 | €35,964 | +€32,253 | +869% |
| Current portion of amounts payable after more than one year | 42 | €1,641 | €1,703 | +€62 | +3.8% |
| Trade debts | 44 | €1,214 | €3,048 | +€1,834 | +151% |
| Suppliers | 440/4 | €1,214 | €3,048 | +€1,834 | +151% |
| Advances received on contracts in progress | 46 | - | €160 | +€160 | |
| Taxes, remuneration and social security | 45 | €150 | €150 | = | 0.0% |
| Taxes | 450/3 | €150 | €150 | = | 0.0% |
| Other amounts payable | 47/48 | €706 | €30,903 | +€30,197 | +4,277% |
| Accrued charges and deferred income | 492/3 | €23 | €24 | +€1 | +3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,803 | €2,566 | +€764 | +42.3% |
| Other operating charges | 640/8 | €1,981 | €3,179 | +€1,197 | +60.4% |
| Gross operating margin | 9900 | €10,087 | -€7,412 | -€17,500 | |
| Operating profit (loss) | 9901 | €6,303 | -€13,157 | -€19,460 | |
| Financial income | 75/76B | €38 | €73 | +€35 | +93.8% |
| Recurring financial income | 75 | €38 | €73 | +€35 | +93.8% |
| Financial charges | 65/66B | €404 | €423 | +€19 | +4.7% |
| Recurring financial charges | 65 | €404 | €423 | +€19 | +4.7% |
| Profit (loss) for the period before taxes | 9903 | €5,936 | -€13,508 | -€19,444 | |
| Profit (loss) for the period | 9904 | €5,936 | -€13,508 | -€19,444 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,936 | -€13,508 | -€19,444 |
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 25 October 2026 via checked.be.