MDC Consult: 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 Consult
Largest movements
- Receivables after one year +€40,000
up €40,000 (+43.5%), from €92,000 to €132,000
- Receivables within one year +€19,495
up €19,495 (+30.6%), from €63,743 to €83,238
- Current investments +€11,238
up €11,238 (+32.9%), from €34,164 to €45,402
- Tangible fixed assets -€10,437
down €10,437 (-17.5%), from €59,600 to €49,163
of which Land and buildings: -€9,707
- Cash -€7,724
down €7,724 (-5.1%), from €150,180 to €142,456
mainly Receivables after one year (-€40,000) and Other debts (-€22,103)
- Reserves +€80,589
up €80,589 (+18.0%), from €448,239 to €528,828
- Other debts -€22,103
down €22,103 (-50.3%), from €43,922 to €21,818
- Debts after one year -€6,760
down €6,760 (-45.4%), from €14,905 to €8,145
- Gross operating margin -€35,282
down €35,282 (-22.9%), from €153,927 to €118,645
- Taxes -€10,353
down €10,353 (-24.9%), from €41,645 to €31,292
- Financial income +€3,269
up €3,269 (+63.0%), from €5,187 to €8,455
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.
Cash bridge derived
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 | €542,733 | €599,388 | +€56,655 | +10.4% |
| Fixed assets | 21/28 | €193,636 | €183,199 | -€10,437 | -5.4% |
| Tangible fixed assets | 22/27 | €59,600 | €49,163 | -€10,437 | -17.5% |
| Land and buildings | 22 | €58,251 | €48,544 | -€9,707 | -16.7% |
| Furniture and vehicles | 24 | €1,348 | €619 | -€730 | -54.1% |
| Financial fixed assets | 28 | €134,036 | €134,036 | = | 0.0% |
| Current assets | 29/58 | €349,097 | €416,189 | +€67,091 | +19.2% |
| Amounts receivable after more than one year | 29 | €92,000 | €132,000 | +€40,000 | +43.5% |
| Other amounts receivable | 291 | €92,000 | €132,000 | +€40,000 | +43.5% |
| Amounts receivable within one year | 40/41 | €63,743 | €83,238 | +€19,495 | +30.6% |
| Trade receivables | 40 | €63,743 | €83,238 | +€19,495 | +30.6% |
| Current investments | 50/53 | €34,164 | €45,402 | +€11,238 | +32.9% |
| Cash at bank and in hand | 54/58 | €150,180 | €142,456 | -€7,724 | -5.1% |
| Deferred charges and accrued income | 490/1 | €9,009 | €13,092 | +€4,083 | +45.3% |
| Total equity and liabilities | 10/49 | €542,733 | €599,388 | +€56,655 | +10.4% |
| Equity | 10/15 | €451,221 | €531,810 | +€80,589 | +17.9% |
| Reserves | 13 | €448,239 | €528,828 | +€80,589 | +18.0% |
| Distributable reserves | 133 | €448,239 | €528,828 | +€80,589 | +18.0% |
| Profit (loss) carried forward | 14 | €2,982 | €2,982 | = | 0.0% |
| Amounts payable | 17/49 | €91,512 | €67,577 | -€23,934 | -26.2% |
| Amounts payable after more than one year | 17 | €14,905 | €8,145 | -€6,760 | -45.4% |
| Financial debts | 170/4 | €14,905 | €8,145 | -€6,760 | -45.4% |
| Amounts payable within one year | 42/48 | €75,889 | €58,691 | -€17,198 | -22.7% |
| Current portion of amounts payable after more than one year | 42 | €6,562 | €6,760 | +€198 | +3.0% |
| Trade debts | 44 | €670 | €4,523 | +€3,853 | +574.7% |
| Suppliers | 440/4 | €670 | €4,523 | +€3,853 | +574.7% |
| Taxes, remuneration and social security | 45 | €24,735 | €25,590 | +€855 | +3.5% |
| Taxes | 450/3 | €23,660 | €23,515 | -€145 | -0.6% |
| Remuneration and social security | 454/9 | €1,075 | €2,075 | +€1,000 | +93.0% |
| Other amounts payable | 47/48 | €43,922 | €21,818 | -€22,103 | -50.3% |
| Accrued charges and deferred income | 492/3 | €718 | €741 | +€23 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,558 | €10,437 | -€1,121 | -9.7% |
| Other operating charges | 640/8 | €2,572 | €3,798 | +€1,226 | +47.7% |
| Gross operating margin | 9900 | €153,927 | €118,645 | -€35,282 | -22.9% |
| Operating profit (loss) | 9901 | €139,798 | €104,410 | -€35,388 | -25.3% |
| Financial income | 75/76B | €5,187 | €8,455 | +€3,269 | +63.0% |
| Recurring financial income | 75 | €5,187 | €8,455 | +€3,269 | +63.0% |
| Financial charges | 65/66B | €1,188 | €984 | -€203 | -17.1% |
| Recurring financial charges | 65 | €1,188 | €984 | -€203 | -17.1% |
| Profit (loss) for the period before taxes | 9903 | €143,797 | €111,881 | -€31,916 | -22.2% |
| Income taxes | 67/77 | €41,645 | €31,292 | -€10,353 | -24.9% |
| Profit (loss) for the period | 9904 | €102,151 | €80,589 | -€21,562 | -21.1% |
| Profit (loss) for the period to be appropriated | 9905 | €102,151 | €80,589 | -€21,562 | -21.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.