MDC GROUP: 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 GROUP
Largest movements
- Tangible fixed assets +€248,856
up €248,856 (+43.0%), from €579,338 to €828,195
of which Land and buildings: +€249,180
- Cash -€92,928
down €92,928 (-34.2%), from €271,477 to €178,549
mainly Investment in fixed assets (net) (-€270,795) and Contributions, distributions and other (-€113,000)
- Receivables within one year +€89,700
up €89,700 (+41.8%), from €214,502 to €304,202
of which Trade receivables: +€94,004
- Debts after one year +€85,002
up €85,002 (+54.0%), from €157,396 to €242,399
- Other debts +€64,350
up €64,350 (+623.9%), from €10,314 to €74,664
- Trade debts +€51,452
up €51,452 (+321.0%), from €16,031 to €67,482
- Tax, wage and social debts +€24,531
up €24,531 (+244.9%), from €10,017 to €34,547
- Current portion of long-term debt +€21,881
up €21,881 (+25.2%), from €86,686 to €108,567
- Gross operating margin +€63,451
up €63,451 (+38.5%), from €164,803 to €228,254
- Other operating charges +€29,683
up €29,683 (+610.0%), from €4,866 to €34,549
- Taxes +€7,910
up €7,910 (+18.2%), from €43,532 to €51,443
- Financial income -€4,373
down €4,373 (-82.3%), from €5,316 to €943
- Depreciation +€2,304
up €2,304 (+11.7%), from €19,635 to €21,939
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 | €1,066,033 | €1,312,929 | +€246,896 | +23.2% |
| Fixed assets | 21/28 | €579,338 | €828,195 | +€248,856 | +43.0% |
| Tangible fixed assets | 22/27 | €579,338 | €828,195 | +€248,856 | +43.0% |
| Land and buildings | 22 | €579,015 | €828,195 | +€249,180 | +43.0% |
| Furniture and vehicles | 24 | €323 | €0 | -€323 | -100.0% |
| Current assets | 29/58 | €486,695 | €484,735 | -€1,960 | -0.4% |
| Amounts receivable within one year | 40/41 | €214,502 | €304,202 | +€89,700 | +41.8% |
| Trade receivables | 40 | €203,730 | €297,734 | +€94,004 | +46.1% |
| Other amounts receivable | 41 | €10,772 | €6,468 | -€4,304 | -40.0% |
| Cash at bank and in hand | 54/58 | €271,477 | €178,549 | -€92,928 | -34.2% |
| Deferred charges and accrued income | 490/1 | €716 | €1,984 | +€1,269 | +177.3% |
| Total equity and liabilities | 10/49 | €1,066,033 | €1,312,929 | +€246,896 | +23.2% |
| Equity | 10/15 | €783,076 | €782,756 | -€320 | 0.0% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €753,076 | €752,756 | -€320 | 0.0% |
| Non-distributable reserves | 130/1 | €553,000 | €552,500 | -€500 | -0.1% |
| Reserves not available under the articles | 1311 | €553,000 | €552,500 | -€500 | -0.1% |
| Distributable reserves | 133 | €200,076 | €200,256 | +€180 | +0.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €282,958 | €530,174 | +€247,216 | +87.4% |
| Amounts payable after more than one year | 17 | €157,396 | €242,399 | +€85,002 | +54.0% |
| Financial debts | 170/4 | €157,396 | €242,399 | +€85,002 | +54.0% |
| Amounts payable within one year | 42/48 | €123,047 | €285,261 | +€162,214 | +131.8% |
| Current portion of amounts payable after more than one year | 42 | €86,686 | €108,567 | +€21,881 | +25.2% |
| Trade debts | 44 | €16,031 | €67,482 | +€51,452 | +321.0% |
| Suppliers | 440/4 | €16,031 | €67,482 | +€51,452 | +321.0% |
| Taxes, remuneration and social security | 45 | €10,017 | €34,547 | +€24,531 | +244.9% |
| Taxes | 450/3 | €10,017 | €34,547 | +€24,531 | +244.9% |
| Other amounts payable | 47/48 | €10,314 | €74,664 | +€64,350 | +623.9% |
| Accrued charges and deferred income | 492/3 | €2,514 | €2,514 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,635 | €21,939 | +€2,304 | +11.7% |
| Other operating charges | 640/8 | €4,866 | €34,549 | +€29,683 | +610.0% |
| Gross operating margin | 9900 | €164,803 | €228,254 | +€63,451 | +38.5% |
| Operating profit (loss) | 9901 | €140,302 | €171,766 | +€31,464 | +22.4% |
| Financial income | 75/76B | €5,316 | €943 | -€4,373 | -82.3% |
| Recurring financial income | 75 | €5,316 | €943 | -€4,373 | -82.3% |
| Financial charges | 65/66B | €8,819 | €8,586 | -€233 | -2.6% |
| Recurring financial charges | 65 | €8,819 | €8,586 | -€233 | -2.6% |
| Profit (loss) for the period before taxes | 9903 | €136,799 | €164,123 | +€27,324 | +20.0% |
| Income taxes | 67/77 | €43,532 | €51,443 | +€7,910 | +18.2% |
| Profit (loss) for the period | 9904 | €93,267 | €112,680 | +€19,414 | +20.8% |
| Profit (loss) for the period to be appropriated | 9905 | €93,267 | €112,680 | +€19,414 | +20.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.