MDC Kestens: 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 Kestens
Largest movements
- Cash +€46,364
up €46,364 (+50.0%), from €92,665 to €139,030
mainly Net result for the year (+€39,608) and Receivables within one year (+€7,052)
- Receivables within one year -€7,052
down €7,052 (-99.0%), from €7,124 to €72
of which Trade receivables: -€6,439
- Reserves +€39,608
up €39,608 (+41.2%), from €96,235 to €135,843
- Tax, wage and social debts -€1,582
down €1,582 (-38.9%), from €4,066 to €2,484
- Gross operating margin +€6,485
up €6,485 (+12.1%), from €53,619 to €60,103
- Taxes +€3,538
up €3,538 (+23.7%), from €14,946 to €18,484
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 | €102,801 | €140,827 | +€38,026 | +37.0% |
| Fixed assets | 21/28 | €3,011 | €1,725 | -€1,286 | -42.7% |
| Tangible fixed assets | 22/27 | €3,011 | €1,725 | -€1,286 | -42.7% |
| Plant, machinery and equipment | 23 | €3,011 | €1,725 | -€1,286 | -42.7% |
| Current assets | 29/58 | €99,790 | €139,102 | +€39,312 | +39.4% |
| Amounts receivable within one year | 40/41 | €7,124 | €72 | -€7,052 | -99.0% |
| Trade receivables | 40 | €6,439 | €0 | -€6,439 | -100% |
| Other amounts receivable | 41 | €685 | €72 | -€613 | -89.5% |
| Cash at bank and in hand | 54/58 | €92,665 | €139,030 | +€46,364 | +50.0% |
| Total equity and liabilities | 10/49 | €102,801 | €140,827 | +€38,026 | +37.0% |
| Equity | 10/15 | €98,735 | €138,343 | +€39,608 | +40.1% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €96,235 | €135,843 | +€39,608 | +41.2% |
| Distributable reserves | 133 | €96,235 | €135,843 | +€39,608 | +41.2% |
| Amounts payable | 17/49 | €4,066 | €2,484 | -€1,582 | -38.9% |
| Amounts payable within one year | 42/48 | €4,066 | €2,484 | -€1,582 | -38.9% |
| Taxes, remuneration and social security | 45 | €4,066 | €2,484 | -€1,582 | -38.9% |
| Taxes | 450/3 | €4,066 | €2,484 | -€1,582 | -38.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €847 | €1,286 | +€439 | +51.9% |
| Other operating charges | 640/8 | €569 | €585 | +€16 | +2.9% |
| Gross operating margin | 9900 | €53,619 | €60,103 | +€6,485 | +12.1% |
| Operating profit (loss) | 9901 | €52,203 | €58,232 | +€6,029 | +11.5% |
| Financial charges | 65/66B | €128 | €140 | +€11 | +8.8% |
| Recurring financial charges | 65 | €128 | €140 | +€11 | +8.8% |
| Profit (loss) for the period before taxes | 9903 | €52,075 | €58,092 | +€6,018 | +11.6% |
| Income taxes | 67/77 | €14,946 | €18,484 | +€3,538 | +23.7% |
| Profit (loss) for the period | 9904 | €37,129 | €39,608 | +€2,480 | +6.7% |
| Profit (loss) for the period to be appropriated | 9905 | €37,129 | €39,608 | +€2,480 | +6.7% |
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 23 October 2026 via checked.be.