MDC&Co: 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&Co
Largest movements
- Financial fixed assets -€100,860
no longer reported in 2025 (was €100,860)
- Cash -€5,370
no longer reported in 2025 (was €5,370)
mainly Net result for the year (-€94,950) and Debts after one year (-€14,516)
- Receivables within one year -€4,023
down €4,023 (-80.8%), from €4,978 to €955
of which Trade receivables: -€3,411
- Deferred charges and accrued income +€2,083
up €2,083 (+13,440%), from €16 to €2,099
- Profit (loss) carried forward -€94,950
new in 2025: -€94,950
- Debts after one year -€14,516
down €14,516 (-33.8%), from €43,006 to €28,489
- Tax, wage and social debts -€6,372
down €6,372 (-52.4%), from €12,161 to €5,789
- Other debts +€3,698
up €3,698 (+10.9%), from €33,875 to €37,573
- Short-term financial debts +€2,212
new in 2025: €2,212
- Other operating charges +€61,567
new in 2025: €61,567
- Gross operating margin -€56,226
down €56,226, from €25,334 to -€30,893
- Taxes -€5,880
down €5,880 (-97.1%), from €6,056 to €176
- Financial charges -€1,349
down €1,349 (-49.7%), from €2,717 to €1,368
- Financial income +€718
up €718 (+874%), from €82 to €800
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 | €113,777 | €5,385 | -€108,392 | -95.3% |
| Fixed assets | 21/28 | €103,413 | €2,332 | -€101,082 | -97.7% |
| Intangible fixed assets | 21 | - | €0 | = | |
| Tangible fixed assets | 22/27 | €2,553 | €2,332 | -€222 | -8.7% |
| Plant, machinery and equipment | 23 | - | €1,210 | +€1,210 | |
| Furniture and vehicles | 24 | €2,553 | €1,121 | -€1,432 | -56.1% |
| Financial fixed assets | 28 | €100,860 | - | -€100,860 | |
| Current assets | 29/58 | €10,364 | €3,054 | -€7,310 | -70.5% |
| Amounts receivable within one year | 40/41 | €4,978 | €955 | -€4,023 | -80.8% |
| Trade receivables | 40 | €3,411 | - | -€3,411 | |
| Other amounts receivable | 41 | €1,567 | €955 | -€612 | -39.0% |
| Cash at bank and in hand | 54/58 | €5,370 | - | -€5,370 | |
| Deferred charges and accrued income | 490/1 | €16 | €2,099 | +€2,083 | +13,440% |
| Total equity and liabilities | 10/49 | €113,777 | €5,385 | -€108,392 | -95.3% |
| Equity | 10/15 | €8,060 | -€86,890 | -€94,950 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€94,950 | -€94,950 | |
| Amounts payable | 17/49 | €105,717 | €92,275 | -€13,442 | -12.7% |
| Amounts payable after more than one year | 17 | €43,006 | €28,489 | -€14,516 | -33.8% |
| Financial debts | 170/4 | €43,006 | €28,489 | -€14,516 | -33.8% |
| Amounts payable within one year | 42/48 | €62,711 | €63,786 | +€1,075 | +1.7% |
| Current portion of amounts payable after more than one year | 42 | €14,297 | €14,516 | +€219 | +1.5% |
| Financial debts | 43 | - | €2,212 | +€2,212 | |
| Credit institutions | 430/8 | - | €2,212 | +€2,212 | |
| Trade debts | 44 | €2,378 | €3,697 | +€1,318 | +55.4% |
| Suppliers | 440/4 | €2,378 | €3,697 | +€1,318 | +55.4% |
| Taxes, remuneration and social security | 45 | €12,161 | €5,789 | -€6,372 | -52.4% |
| Taxes | 450/3 | €12,161 | €5,789 | -€6,372 | -52.4% |
| Other amounts payable | 47/48 | €33,875 | €37,573 | +€3,698 | +10.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,039 | €1,747 | -€293 | -14.4% |
| Other operating charges | 640/8 | - | €61,567 | +€61,567 | |
| Gross operating margin | 9900 | €25,334 | -€30,893 | -€56,226 | |
| Operating profit (loss) | 9901 | €23,294 | -€94,206 | -€117,500 | |
| Financial income | 75/76B | €82 | €800 | +€718 | +874% |
| Recurring financial income | 75 | €82 | €800 | +€718 | +874% |
| Financial charges | 65/66B | €2,717 | €1,368 | -€1,349 | -49.7% |
| Recurring financial charges | 65 | €2,717 | €1,368 | -€1,349 | -49.7% |
| Profit (loss) for the period before taxes | 9903 | €20,659 | -€94,774 | -€115,433 | |
| Income taxes | 67/77 | €6,056 | €176 | -€5,880 | -97.1% |
| Profit (loss) for the period | 9904 | €14,603 | -€94,950 | -€109,553 | |
| Profit (loss) for the period to be appropriated | 9905 | €14,603 | -€94,950 | -€109,553 |
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.