MDCC: 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.
MDCC
Largest movements
- Cash -€21,843
down €21,843 (-23.0%), from €94,961 to €73,118
mainly Contributions, distributions and other (-€29,000) and Tax, wage and social debts (-€8,989)
- Tangible fixed assets -€13,770
down €13,770 (-86.6%), from €15,906 to €2,137
- Receivables within one year +€3,087
up €3,087 (+5.9%), from €52,412 to €55,499
of which Other amounts receivable: +€15,447
- Profit (loss) carried forward -€27,573
down €27,573 (-27.4%), from €100,762 to €73,189
- Other debts +€9,196
up €9,196 (+46.4%), from €19,804 to €29,000
- Tax, wage and social debts -€8,989
down €8,989 (-22.2%), from €40,505 to €31,516
of which Taxes: -€8,989
- Trade debts -€2,986
down €2,986 (-57.8%), from €5,166 to €2,180
- Gross operating margin -€75,039
down €75,039 (-90.2%), from €83,175 to €8,136
- Taxes -€14,893
down €14,893 (-85.1%), from €17,492 to €2,599
- Depreciation -€3,511
down €3,511 (-81.1%), from €4,331 to €819
- Financial charges +€1,259
up €1,259 (+1230.3%), from €102 to €1,362
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 | €168,675 | €137,469 | -€31,206 | -18.5% |
| Fixed assets | 21/28 | €15,906 | €2,137 | -€13,770 | -86.6% |
| Tangible fixed assets | 22/27 | €15,906 | €2,137 | -€13,770 | -86.6% |
| Furniture and vehicles | 24 | €15,906 | €2,137 | -€13,770 | -86.6% |
| Current assets | 29/58 | €152,769 | €135,332 | -€17,437 | -11.4% |
| Amounts receivable within one year | 40/41 | €52,412 | €55,499 | +€3,087 | +5.9% |
| Trade receivables | 40 | €52,412 | €40,052 | -€12,360 | -23.6% |
| Other amounts receivable | 41 | - | €15,447 | +€15,447 | |
| Cash at bank and in hand | 54/58 | €94,961 | €73,118 | -€21,843 | -23.0% |
| Deferred charges and accrued income | 490/1 | €5,396 | €6,715 | +€1,319 | +24.4% |
| Total equity and liabilities | 10/49 | €168,675 | €137,469 | -€31,206 | -18.5% |
| Equity | 10/15 | €101,762 | €74,189 | -€27,573 | -27.1% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €100,762 | €73,189 | -€27,573 | -27.4% |
| Amounts payable | 17/49 | €66,913 | €63,280 | -€3,633 | -5.4% |
| Amounts payable within one year | 42/48 | €66,413 | €63,280 | -€3,133 | -4.7% |
| Financial debts | 43 | €938 | €584 | -€354 | -37.8% |
| Credit institutions | 430/8 | €938 | €584 | -€354 | -37.8% |
| Trade debts | 44 | €5,166 | €2,180 | -€2,986 | -57.8% |
| Suppliers | 440/4 | €5,166 | €2,180 | -€2,986 | -57.8% |
| Taxes, remuneration and social security | 45 | €40,505 | €31,516 | -€8,989 | -22.2% |
| Taxes | 450/3 | €40,505 | €31,516 | -€8,989 | -22.2% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €19,804 | €29,000 | +€9,196 | +46.4% |
| Accrued charges and deferred income | 492/3 | €500 | €0 | -€500 | -100.0% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,331 | €819 | -€3,511 | -81.1% |
| Other operating charges | 640/8 | €549 | €646 | +€97 | +17.6% |
| Non-recurring operating charges | 66A | - | €2,496 | +€2,496 | |
| Gross operating margin | 9900 | €83,175 | €8,136 | -€75,039 | -90.2% |
| Operating profit (loss) | 9901 | €78,295 | €4,175 | -€74,120 | -94.7% |
| Financial income | 75/76B | €401 | €1,213 | +€812 | +202.7% |
| Recurring financial income | 75 | €401 | €1,213 | +€812 | +202.7% |
| Financial charges | 65/66B | €102 | €1,362 | +€1,259 | +1230.3% |
| Recurring financial charges | 65 | €102 | €1,362 | +€1,259 | +1230.3% |
| Profit (loss) for the period before taxes | 9903 | €78,593 | €4,026 | -€74,567 | -94.9% |
| Income taxes | 67/77 | €17,492 | €2,599 | -€14,893 | -85.1% |
| Profit (loss) for the period | 9904 | €61,101 | €1,427 | -€59,674 | -97.7% |
| Profit (loss) for the period to be appropriated | 9905 | €61,101 | €1,427 | -€59,674 | -97.7% |
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 9 October 2026 via checked.be.