MDC MANAGEMENT: 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 MANAGEMENT
Largest movements
- Tangible fixed assets -€11,366
down €11,366 (-22.1%), from €51,522 to €40,156
of which Furniture and vehicles: -€10,555
- Cash -€4,687
down €4,687 (-7.0%), from €67,385 to €62,699
mainly Net result for the year (-€15,583) and Other debts (-€1,884)
- Profit (loss) carried forward -€15,583
down €15,583 (-161.1%), from -€9,675 to -€25,259
- Other debts -€1,884
down €1,884 (-3.5%), from €54,524 to €52,639
- Gross operating margin -€6,279
down €6,279, from €3,792 to -€2,488
- Other operating charges +€158
up €158 (+32.5%), from €486 to €644
- Depreciation +€60
up €60 (+0.5%), from €12,680 to €12,739
- Financial income -€54
down €54 (-8.4%), from €639 to €586
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 | €121,560 | €104,928 | -€16,632 | -13.7% |
| Fixed assets | 21/28 | €51,522 | €40,156 | -€11,366 | -22.1% |
| Tangible fixed assets | 22/27 | €51,522 | €40,156 | -€11,366 | -22.1% |
| Plant, machinery and equipment | 23 | €3,173 | €3,333 | +€159 | +5.0% |
| Furniture and vehicles | 24 | €42,335 | €31,780 | -€10,555 | -24.9% |
| Other tangible fixed assets | 26 | €6,014 | €5,043 | -€970 | -16.1% |
| Current assets | 29/58 | €70,039 | €64,773 | -€5,266 | -7.5% |
| Amounts receivable within one year | 40/41 | €1,665 | €1,452 | -€213 | -12.8% |
| Trade receivables | 40 | €1,664 | €1,452 | -€212 | -12.7% |
| Other amounts receivable | 41 | €1 | - | -€1 | |
| Cash at bank and in hand | 54/58 | €67,385 | €62,699 | -€4,687 | -7.0% |
| Deferred charges and accrued income | 490/1 | €989 | €622 | -€367 | -37.1% |
| Total equity and liabilities | 10/49 | €121,560 | €104,928 | -€16,632 | -13.7% |
| Equity | 10/15 | €65,516 | €49,932 | -€15,583 | -23.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €68,991 | €68,991 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €67,131 | €67,131 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,675 | -€25,259 | -€15,583 | -161.1% |
| Amounts payable | 17/49 | €56,045 | €54,996 | -€1,049 | -1.9% |
| Amounts payable within one year | 42/48 | €55,993 | €54,955 | -€1,038 | -1.9% |
| Trade debts | 44 | €1,242 | €1,185 | -€57 | -4.6% |
| Suppliers | 440/4 | €1,242 | €1,185 | -€57 | -4.6% |
| Taxes, remuneration and social security | 45 | €227 | €1,131 | +€903 | +397.3% |
| Taxes | 450/3 | €227 | €1,131 | +€903 | +397.3% |
| Other amounts payable | 47/48 | €54,524 | €52,639 | -€1,884 | -3.5% |
| Accrued charges and deferred income | 492/3 | €52 | €41 | -€10 | -20.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,680 | €12,739 | +€60 | +0.5% |
| Other operating charges | 640/8 | €486 | €644 | +€158 | +32.5% |
| Non-recurring operating charges | 66A | €711 | - | -€711 | |
| Gross operating margin | 9900 | €3,792 | -€2,488 | -€6,279 | |
| Operating profit (loss) | 9901 | -€10,085 | -€15,871 | -€5,786 | -57.4% |
| Financial income | 75/76B | €639 | €586 | -€54 | -8.4% |
| Recurring financial income | 75 | €639 | €586 | -€54 | -8.4% |
| Financial charges | 65/66B | €104 | €112 | +€8 | +7.8% |
| Recurring financial charges | 65 | €104 | €112 | +€8 | +7.8% |
| Profit (loss) for the period before taxes | 9903 | -€9,549 | -€15,397 | -€5,848 | -61.2% |
| Income taxes | 67/77 | €198 | €186 | -€12 | -6.0% |
| Profit (loss) for the period | 9904 | -€9,747 | -€15,583 | -€5,836 | -59.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,747 | -€15,583 | -€5,836 | -59.9% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.