MDC FINANCE: 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 FINANCE
Largest movements
- Tangible fixed assets +€498,550
up €498,550 (+1,935%), from €25,762 to €524,312
of which Land and buildings: +€468,430
- Receivables within one year +€80,034
new in 2024: €80,034
of which Trade receivables: +€74,528
- Receivables after one year +€53,757
up €53,757 (+100%), from €53,580 to €107,337
- Intangible fixed assets -€32,143
down €32,143 (-18.2%), from €176,866 to €144,724
- Cash -€28,081
down €28,081 (-66.4%), from €42,273 to €14,192
mainly Investment in fixed assets (net) (-€519,597) and Receivables within one year (-€80,034)
- Debts after one year +€490,927
up €490,927 (+227%), from €216,466 to €707,393
- Short-term financial debts +€27,823
new in 2024: €27,823
- Profit (loss) carried forward +€21,412
up €21,412, from -€1,625 to €19,787
- Tax, wage and social debts +€16,131
up €16,131 (+95.3%), from €16,927 to €33,058
of which Taxes: +€9,959
- Other debts +€14,000
new in 2024: €14,000
- Gross operating margin +€69,930
up €69,930 (+46.1%), from €151,607 to €221,537
- Staff costs +€33,233
up €33,233 (+38.6%), from €86,083 to €119,316
- Financial charges +€7,338
up €7,338 (+79.5%), from €9,225 to €16,563
- Taxes +€6,049
up €6,049 (+155%), from €3,911 to €9,959
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.
Derived cash bridge
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 | €304,222 | €876,844 | +€572,622 | +188% |
| Fixed assets | 21/28 | €202,629 | €669,036 | +€466,407 | +230% |
| Intangible fixed assets | 21 | €176,866 | €144,724 | -€32,143 | -18.2% |
| Tangible fixed assets | 22/27 | €25,762 | €524,312 | +€498,550 | +1,935% |
| Land and buildings | 22 | - | €468,430 | +€468,430 | |
| Furniture and vehicles | 24 | €5,366 | €5,727 | +€360 | +6.7% |
| Other tangible fixed assets | 26 | €20,396 | €28,307 | +€7,911 | +38.8% |
| Assets under construction and advance payments | 27 | - | €21,849 | +€21,849 | |
| Current assets | 29/58 | €101,593 | €207,808 | +€106,215 | +105% |
| Amounts receivable after more than one year | 29 | €53,580 | €107,337 | +€53,757 | +100% |
| Other amounts receivable | 291 | €53,580 | €107,337 | +€53,757 | +100% |
| Amounts receivable within one year | 40/41 | - | €80,034 | +€80,034 | |
| Trade receivables | 40 | - | €74,528 | +€74,528 | |
| Other amounts receivable | 41 | - | €5,506 | +€5,506 | |
| Cash at bank and in hand | 54/58 | €42,273 | €14,192 | -€28,081 | -66.4% |
| Deferred charges and accrued income | 490/1 | €5,740 | €6,245 | +€505 | +8.8% |
| Total equity and liabilities | 10/49 | €304,222 | €876,844 | +€572,622 | +188% |
| Equity | 10/15 | €1,375 | €22,787 | +€21,412 | +1,558% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,625 | €19,787 | +€21,412 | |
| Amounts payable | 17/49 | €302,847 | €854,057 | +€551,210 | +182% |
| Amounts payable after more than one year | 17 | €216,466 | €707,393 | +€490,927 | +227% |
| Financial debts | 170/4 | €216,466 | €707,393 | +€490,927 | +227% |
| Amounts payable within one year | 42/48 | €86,381 | €139,817 | +€53,436 | +61.9% |
| Current portion of amounts payable after more than one year | 42 | €47,550 | €48,911 | +€1,361 | +2.9% |
| Financial debts | 43 | - | €27,823 | +€27,823 | |
| Credit institutions | 430/8 | - | €27,823 | +€27,823 | |
| Trade debts | 44 | €21,904 | €16,025 | -€5,879 | -26.8% |
| Suppliers | 440/4 | €21,904 | €16,025 | -€5,879 | -26.8% |
| Taxes, remuneration and social security | 45 | €16,927 | €33,058 | +€16,131 | +95.3% |
| Taxes | 450/3 | €3,911 | €13,870 | +€9,959 | +255% |
| Remuneration and social security | 454/9 | €13,016 | €19,188 | +€6,172 | +47.4% |
| Other amounts payable | 47/48 | - | €14,000 | +€14,000 | |
| Accrued charges and deferred income | 492/3 | - | €6,847 | +€6,847 | |
| Remuneration, social security and pensions | 62 | €86,083 | €119,316 | +€33,233 | +38.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,288 | €53,190 | -€99 | -0.2% |
| Other operating charges | 640/8 | €1,484 | €1,163 | -€321 | -21.6% |
| Gross operating margin | 9900 | €151,607 | €221,537 | +€69,930 | +46.1% |
| Operating profit (loss) | 9901 | €10,752 | €47,869 | +€37,117 | +345% |
| Financial income | 75/76B | €759 | €66 | -€693 | -91.3% |
| Recurring financial income | 75 | €759 | €66 | -€693 | -91.3% |
| Financial charges | 65/66B | €9,225 | €16,563 | +€7,338 | +79.5% |
| Recurring financial charges | 65 | €9,225 | €16,563 | +€7,338 | +79.5% |
| Profit (loss) for the period before taxes | 9903 | €2,285 | €31,372 | +€29,087 | +1,273% |
| Income taxes | 67/77 | €3,911 | €9,959 | +€6,049 | +155% |
| Profit (loss) for the period | 9904 | -€1,625 | €21,412 | +€23,038 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,625 | €21,412 | +€23,038 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.