MDCOM: 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.
MDCOM
Largest movements
- Tangible fixed assets -€17,531
down €17,531 (-61.5%), from €28,485 to €10,954
of which Furniture and vehicles: -€19,632
- Cash +€5,664
up €5,664 (+21.9%), from €25,888 to €31,552
mainly Investment in fixed assets (net) (+€14,624) and Tax, wage and social debts (+€6,612)
- Receivables within one year +€4,598
up €4,598 (+41.4%), from €11,102 to €15,700
of which Trade receivables: +€3,842
- Deferred charges and accrued income +€2,397
new in 2025: €2,397
- Current portion of long-term debt -€9,006
down €9,006 (-100%), from €9,006 to €0
- Tax, wage and social debts +€6,612
up €6,612 (+42.9%), from €15,412 to €22,024
of which Taxes: +€6,612
- Trade debts +€4,370
up €4,370 (+341%), from €1,283 to €5,653
- Other debts -€4,020
down €4,020 (-100%), from €4,020 to €0
- Debts after one year -€2,326
down €2,326 (-100%), from €2,326 to €0
- Depreciation -€6,978
down €6,978 (-70.6%), from €9,885 to €2,907
- Taxes -€2,534
down €2,534 (-59.3%), from €4,274 to €1,740
- Financial charges +€1,003
up €1,003 (+50.6%), from €1,981 to €2,984
- Gross operating margin +€626
up €626 (+2.7%), from €23,056 to €23,682
- Other operating charges -€509
down €509 (-29.6%), from €1,717 to €1,208
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 | €65,475 | €60,602 | -€4,873 | -7.4% |
| Fixed assets | 21/28 | €28,485 | €10,954 | -€17,531 | -61.5% |
| Tangible fixed assets | 22/27 | €28,485 | €10,954 | -€17,531 | -61.5% |
| Plant, machinery and equipment | 23 | - | €3,149 | +€3,149 | |
| Furniture and vehicles | 24 | €22,416 | €2,784 | -€19,632 | -87.6% |
| Other tangible fixed assets | 26 | €6,069 | €5,020 | -€1,049 | -17.3% |
| Current assets | 29/58 | €36,990 | €49,649 | +€12,659 | +34.2% |
| Amounts receivable within one year | 40/41 | €11,102 | €15,700 | +€4,598 | +41.4% |
| Trade receivables | 40 | €10,164 | €14,006 | +€3,842 | +37.8% |
| Other amounts receivable | 41 | €938 | €1,694 | +€755 | +80.5% |
| Cash at bank and in hand | 54/58 | €25,888 | €31,552 | +€5,664 | +21.9% |
| Deferred charges and accrued income | 490/1 | - | €2,397 | +€2,397 | |
| Total equity and liabilities | 10/49 | €65,475 | €60,602 | -€4,873 | -7.4% |
| Equity | 10/15 | €33,429 | €32,925 | -€504 | -1.5% |
| Contributions | 10/11 | €5,500 | €5,500 | = | 0.0% |
| Reserves | 13 | €27,929 | €27,425 | -€504 | -1.8% |
| Distributable reserves | 133 | €27,929 | €27,425 | -€504 | -1.8% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €32,046 | €27,677 | -€4,369 | -13.6% |
| Amounts payable after more than one year | 17 | €2,326 | €0 | -€2,326 | -100% |
| Financial debts | 170/4 | €2,326 | €0 | -€2,326 | -100% |
| Amounts payable within one year | 42/48 | €29,721 | €27,677 | -€2,043 | -6.9% |
| Current portion of amounts payable after more than one year | 42 | €9,006 | €0 | -€9,006 | -100% |
| Trade debts | 44 | €1,283 | €5,653 | +€4,370 | +341% |
| Suppliers | 440/4 | €1,283 | €5,653 | +€4,370 | +341% |
| Taxes, remuneration and social security | 45 | €15,412 | €22,024 | +€6,612 | +42.9% |
| Taxes | 450/3 | €11,812 | €18,424 | +€6,612 | +56.0% |
| Remuneration and social security | 454/9 | €3,600 | €3,600 | = | 0.0% |
| Other amounts payable | 47/48 | €4,020 | €0 | -€4,020 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,885 | €2,907 | -€6,978 | -70.6% |
| Other operating charges | 640/8 | €1,717 | €1,208 | -€509 | -29.6% |
| Non-recurring operating charges | 66A | - | €11,535 | +€11,535 | |
| Gross operating margin | 9900 | €23,056 | €23,682 | +€626 | +2.7% |
| Operating profit (loss) | 9901 | €11,454 | €8,031 | -€3,422 | -29.9% |
| Financial income | 75/76B | €0 | €0 | +€0 | |
| Recurring financial income | 75 | €0 | €0 | +€0 | |
| Financial charges | 65/66B | €1,981 | €2,984 | +€1,003 | +50.6% |
| Recurring financial charges | 65 | €1,981 | €2,984 | +€1,003 | +50.6% |
| Profit (loss) for the period before taxes | 9903 | €9,472 | €5,047 | -€4,425 | -46.7% |
| Income taxes | 67/77 | €4,274 | €1,740 | -€2,534 | -59.3% |
| Profit (loss) for the period | 9904 | €5,198 | €3,307 | -€1,891 | -36.4% |
| Profit (loss) for the period to be appropriated | 9905 | €5,198 | €3,307 | -€1,891 | -36.4% |
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 13 October 2026 via checked.be.