MDC4Life: 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.
MDC4Life
Largest movements
- Receivables within one year -€36,963
down €36,963 (-44.2%), from €83,671 to €46,708
of which Trade receivables: -€55,046
- Receivables after one year -€35,000
down €35,000 (-11.3%), from €310,500 to €275,500
- Cash -€24,935
down €24,935 (-12.0%), from €208,238 to €183,304
mainly Current portion of long-term debt (-€120,311) and Trade debts (-€26,394)
- Tangible fixed assets -€12,056
down €12,056 (-13.6%), from €88,887 to €76,832
of which Other tangible fixed assets: -€11,465
- Stocks and contracts -€7,930
down €7,930 (-31.7%), from €25,006 to €17,076
- Current portion of long-term debt -€120,311
down €120,311 (-91.2%), from €131,866 to €11,556
- Profit (loss) carried forward +€55,550
up €55,550 (+130%), from €42,683 to €98,233
- Trade debts -€26,394
down €26,394 (-18.0%), from €146,767 to €120,373
- Tax, wage and social debts -€21,398
down €21,398 (-22.7%), from €94,227 to €72,829
of which Remuneration and social security: -€21,470
- Debts after one year -€11,556
no longer reported in 2025 (was €11,556)
- Gross operating margin -€170,063
down €170,063 (-15.9%), from €1.1m to €896,609
- Staff costs -€110,325
down €110,325 (-12.3%), from €893,334 to €783,009
- Depreciation -€93,548
down €93,548 (-72.3%), from €129,385 to €35,837
- Taxes +€12,752
up €12,752 (+2,671%), from €477 to €13,229
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 | €749,540 | €625,733 | -€123,807 | -16.5% |
| Fixed assets | 21/28 | €89,532 | €77,476 | -€12,056 | -13.5% |
| Tangible fixed assets | 22/27 | €88,887 | €76,832 | -€12,056 | -13.6% |
| Plant, machinery and equipment | 23 | €4,556 | €3,786 | -€770 | -16.9% |
| Furniture and vehicles | 24 | €8,199 | €6,726 | -€1,473 | -18.0% |
| Other tangible fixed assets | 26 | €76,132 | €64,668 | -€11,465 | -15.1% |
| Assets under construction and advance payments | 27 | - | €1,652 | +€1,652 | |
| Financial fixed assets | 28 | €645 | €645 | = | 0.0% |
| Current assets | 29/58 | €660,008 | €548,256 | -€111,752 | -16.9% |
| Amounts receivable after more than one year | 29 | €310,500 | €275,500 | -€35,000 | -11.3% |
| Other amounts receivable | 291 | €310,500 | €275,500 | -€35,000 | -11.3% |
| Stocks and contracts in progress | 3 | €25,006 | €17,076 | -€7,930 | -31.7% |
| Stocks | 30/36 | €25,006 | €17,076 | -€7,930 | -31.7% |
| Amounts receivable within one year | 40/41 | €83,671 | €46,708 | -€36,963 | -44.2% |
| Trade receivables | 40 | €59,444 | €4,399 | -€55,046 | -92.6% |
| Other amounts receivable | 41 | €24,227 | €42,309 | +€18,082 | +74.6% |
| Cash at bank and in hand | 54/58 | €208,238 | €183,304 | -€24,935 | -12.0% |
| Deferred charges and accrued income | 490/1 | €32,592 | €25,668 | -€6,924 | -21.2% |
| Total equity and liabilities | 10/49 | €749,540 | €625,733 | -€123,807 | -16.5% |
| Equity | 10/15 | €332,683 | €388,233 | +€55,550 | +16.7% |
| Contributions | 10/11 | €290,000 | €290,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €42,683 | €98,233 | +€55,550 | +130% |
| Amounts payable | 17/49 | €416,857 | €237,499 | -€179,358 | -43.0% |
| Amounts payable after more than one year | 17 | €11,556 | - | -€11,556 | |
| Financial debts | 170/4 | €11,556 | - | -€11,556 | |
| Amounts payable within one year | 42/48 | €402,225 | €230,189 | -€172,036 | -42.8% |
| Current portion of amounts payable after more than one year | 42 | €131,866 | €11,556 | -€120,311 | -91.2% |
| Financial debts | 43 | €29,322 | €25,431 | -€3,891 | -13.3% |
| Credit institutions | 430/8 | €29,322 | €25,431 | -€3,891 | -13.3% |
| Trade debts | 44 | €146,767 | €120,373 | -€26,394 | -18.0% |
| Suppliers | 440/4 | €146,767 | €120,373 | -€26,394 | -18.0% |
| Taxes, remuneration and social security | 45 | €94,227 | €72,829 | -€21,398 | -22.7% |
| Taxes | 450/3 | €5,162 | €5,234 | +€72 | +1.4% |
| Remuneration and social security | 454/9 | €89,065 | €67,595 | -€21,470 | -24.1% |
| Other amounts payable | 47/48 | €43 | - | -€43 | |
| Accrued charges and deferred income | 492/3 | €3,076 | €7,310 | +€4,234 | +138% |
| Remuneration, social security and pensions | 62 | €893,334 | €783,009 | -€110,325 | -12.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €129,385 | €35,837 | -€93,548 | -72.3% |
| Other operating charges | 640/8 | €2,706 | €2,718 | +€11 | +0.4% |
| Gross operating margin | 9900 | €1,066,672 | €896,609 | -€170,063 | -15.9% |
| Operating profit (loss) | 9901 | €41,247 | €75,045 | +€33,798 | +81.9% |
| Financial income | 75/76B | €4,146 | €2,332 | -€1,814 | -43.8% |
| Recurring financial income | 75 | €4,146 | €2,332 | -€1,814 | -43.8% |
| Financial charges | 65/66B | €11,001 | €8,597 | -€2,404 | -21.9% |
| Recurring financial charges | 65 | €11,001 | €8,597 | -€2,404 | -21.9% |
| Profit (loss) for the period before taxes | 9903 | €34,391 | €68,779 | +€34,388 | +100.0% |
| Income taxes | 67/77 | €477 | €13,229 | +€12,752 | +2,671% |
| Profit (loss) for the period | 9904 | €33,914 | €55,550 | +€21,636 | +63.8% |
| Profit (loss) for the period to be appropriated | 9905 | €33,914 | €55,550 | +€21,636 | +63.8% |
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 19 October 2026 via checked.be.