MDCL EUROPE: 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.
MDCL EUROPE
Largest movements
- Receivables within one year -€244,678
down €244,678 (-75.9%), from €322,244 to €77,565
of which Trade receivables: -€244,657
- Cash +€74,034
up €74,034 (+89.5%), from €82,679 to €156,713
mainly Receivables within one year (+€244,678) and Trade debts (+€36,214)
- Stocks and contracts +€8,413
up €8,413 (+24.4%), from €34,481 to €42,894
- Profit (loss) carried forward -€147,907
down €147,907 (-63.9%), from €231,632 to €83,725
- Current portion of long-term debt -€45,000
down €45,000 (-64.3%), from €70,000 to €25,000
- Trade debts +€36,214
up €36,214 (+41.2%), from €87,997 to €124,211
- Tax, wage and social debts -€18,091
down €18,091 (-54.2%), from €33,362 to €15,271
of which Taxes: -€19,569
- Other debts +€13,811
up €13,811 (+105%), from €13,188 to €26,999
- Gross operating margin -€62,040
down €62,040, from €46,885 to -€15,156
- Staff costs -€39,887
down €39,887 (-92.3%), from €43,237 to €3,350
- Financial charges +€586
up €586 (+8.2%), from €7,149 to €7,735
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 | €456,639 | €295,666 | -€160,973 | -35.3% |
| Fixed assets | 21/28 | €17,076 | €17,256 | +€180 | +1.1% |
| Tangible fixed assets | 22/27 | €5,076 | €5,256 | +€180 | +3.5% |
| Plant, machinery and equipment | 23 | - | €1,088 | +€1,088 | |
| Other tangible fixed assets | 26 | €5,076 | €4,168 | -€908 | -17.9% |
| Financial fixed assets | 28 | €12,000 | €12,000 | = | 0.0% |
| Current assets | 29/58 | €439,563 | €278,410 | -€161,153 | -36.7% |
| Stocks and contracts in progress | 3 | €34,481 | €42,894 | +€8,413 | +24.4% |
| Stocks | 30/36 | €34,481 | €42,894 | +€8,413 | +24.4% |
| Amounts receivable within one year | 40/41 | €322,244 | €77,565 | -€244,678 | -75.9% |
| Trade receivables | 40 | €318,613 | €73,957 | -€244,657 | -76.8% |
| Other amounts receivable | 41 | €3,630 | €3,609 | -€21 | -0.6% |
| Cash at bank and in hand | 54/58 | €82,679 | €156,713 | +€74,034 | +89.5% |
| Deferred charges and accrued income | 490/1 | €159 | €1,238 | +€1,078 | +677% |
| Total equity and liabilities | 10/49 | €456,639 | €295,666 | -€160,973 | -35.3% |
| Equity | 10/15 | €252,092 | €104,185 | -€147,907 | -58.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 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% |
| Profit (loss) carried forward | 14 | €231,632 | €83,725 | -€147,907 | -63.9% |
| Amounts payable | 17/49 | €204,547 | €191,481 | -€13,066 | -6.4% |
| Amounts payable within one year | 42/48 | €204,547 | €191,481 | -€13,066 | -6.4% |
| Current portion of amounts payable after more than one year | 42 | €70,000 | €25,000 | -€45,000 | -64.3% |
| Trade debts | 44 | €87,997 | €124,211 | +€36,214 | +41.2% |
| Suppliers | 440/4 | €87,997 | €124,211 | +€36,214 | +41.2% |
| Taxes, remuneration and social security | 45 | €33,362 | €15,271 | -€18,091 | -54.2% |
| Taxes | 450/3 | €19,907 | €337 | -€19,569 | -98.3% |
| Remuneration and social security | 454/9 | €13,455 | €14,933 | +€1,478 | +11.0% |
| Other amounts payable | 47/48 | €13,188 | €26,999 | +€13,811 | +105% |
| Remuneration, social security and pensions | 62 | €43,237 | €3,350 | -€39,887 | -92.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €908 | €977 | +€69 | +7.6% |
| Other operating charges | 640/8 | €2,313 | €2,063 | -€251 | -10.8% |
| Gross operating margin | 9900 | €46,885 | -€15,156 | -€62,040 | |
| Operating profit (loss) | 9901 | €426 | -€21,545 | -€21,971 | |
| Financial income | 75/76B | €30 | - | -€30 | |
| Recurring financial income | 75 | €30 | - | -€30 | |
| Financial charges | 65/66B | €7,149 | €7,735 | +€586 | +8.2% |
| Recurring financial charges | 65 | €7,149 | €7,735 | +€586 | +8.2% |
| Profit (loss) for the period before taxes | 9903 | -€6,693 | -€29,280 | -€22,588 | -338% |
| Income taxes | 67/77 | €174 | €163 | -€11 | -6.4% |
| Profit (loss) for the period | 9904 | -€6,867 | -€29,443 | -€22,576 | -329% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,867 | -€29,443 | -€22,576 | -329% |
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 28 October 2026 via checked.be.