MDCPartners: what changed
Two fiscal 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.
MDCPartners
Largest movements
- Receivables within one year -€1.6m
down €1.6m (-54.4%), from €3.0m to €1.4m
of which Trade receivables: -€1.8m
- Receivables after one year -€464,965
down €464,965 (-16.9%), from €2.7m to €2.3m
- Trade debts -€1.8m
down €1.8m (-81.2%), from €2.2m to €404,964
- Accrued charges and deferred income -€1.5m
down €1.5m (-68.3%), from €2.3m to €713,649
- Profit (loss) carried forward +€1.1m
up €1.1m (+63.1%), from -€1.8m to -€666,930
- Tax, wage and social debts +€63,636
up €63,636 (+28.2%), from €225,876 to €289,512
of which Taxes: +€50,853
- Staff costs +€228,547
up €228,547 (+18.6%), from €1.2m to €1.5m
- Financial charges +€152,180
up €152,180, from -€87,414 to €64,766
- Gross operating margin +€100,627
up €100,627 (+4.2%), from €2.4m to €2.5m
- Taxes -€30,262
down €30,262 (-37.3%), from €81,115 to €50,853
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,842,456 | €3,755,256 | -€2.1m | -35.7% |
| Fixed assets | 21/28 | €8,415 | €4,926 | -€3,489 | -41.5% |
| Tangible fixed assets | 22/27 | €3,675 | €186 | -€3,489 | -94.9% |
| Plant, machinery and equipment | 23 | €3,321 | €0 | -€3,321 | -100.0% |
| Furniture and vehicles | 24 | €354 | €186 | -€168 | -47.5% |
| Financial fixed assets | 28 | €4,740 | €4,740 | = | 0.0% |
| Current assets | 29/58 | €5,834,041 | €3,750,330 | -€2.1m | -35.7% |
| Amounts receivable after more than one year | 29 | €2,746,943 | €2,281,978 | -€464,965 | -16.9% |
| Other amounts receivable | 291 | €2,746,943 | €2,281,978 | -€464,965 | -16.9% |
| Amounts receivable within one year | 40/41 | €2,989,377 | €1,363,741 | -€1.6m | -54.4% |
| Trade receivables | 40 | €1,862,694 | €38,026 | -€1.8m | -98.0% |
| Other amounts receivable | 41 | €1,126,682 | €1,325,715 | +€199,033 | +17.7% |
| Cash at bank and in hand | 54/58 | €60,083 | €60,227 | +€144 | +0.2% |
| Deferred charges and accrued income | 490/1 | €37,638 | €44,383 | +€6,745 | +17.9% |
| Total equity and liabilities | 10/49 | €5,842,456 | €3,755,256 | -€2.1m | -35.7% |
| Equity | 10/15 | €1,205,823 | €2,347,130 | +€1.1m | +94.6% |
| Contributions | 10/11 | €12,200 | €12,200 | = | 0.0% |
| Reserves | 13 | €3,001,860 | €3,001,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,001,860 | €3,001,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,001,860 | €3,001,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,808,237 | -€666,930 | +€1.1m | +63.1% |
| Amounts payable | 17/49 | €4,636,633 | €1,408,125 | -€3.2m | -69.6% |
| Amounts payable within one year | 42/48 | €2,384,212 | €694,476 | -€1.7m | -70.9% |
| Trade debts | 44 | €2,158,336 | €404,964 | -€1.8m | -81.2% |
| Suppliers | 440/4 | €2,158,336 | €404,964 | -€1.8m | -81.2% |
| Taxes, remuneration and social security | 45 | €225,876 | €289,512 | +€63,636 | +28.2% |
| Taxes | 450/3 | €82,803 | €133,656 | +€50,853 | +61.4% |
| Remuneration and social security | 454/9 | €143,073 | €155,856 | +€12,784 | +8.9% |
| Accrued charges and deferred income | 492/3 | €2,252,421 | €713,649 | -€1.5m | -68.3% |
| Remuneration, social security and pensions | 62 | €1,230,711 | €1,459,258 | +€228,547 | +18.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,916 | €3,489 | -€6,427 | -64.8% |
| Other operating charges | 640/8 | €159 | €0 | -€159 | -100.0% |
| Gross operating margin | 9900 | €2,407,132 | €2,507,759 | +€100,627 | +4.2% |
| Operating profit (loss) | 9901 | €1,166,346 | €1,045,012 | -€121,334 | -10.4% |
| Financial income | 75/76B | €216,949 | €211,914 | -€5,035 | -2.3% |
| Recurring financial income | 75 | €216,949 | €211,914 | -€5,035 | -2.3% |
| Financial charges | 65/66B | -€87,414 | €64,766 | +€152,180 | |
| Recurring financial charges | 65 | -€87,414 | €64,766 | +€152,180 | |
| Profit (loss) for the period before taxes | 9903 | €1,470,710 | €1,192,161 | -€278,549 | -18.9% |
| Income taxes | 67/77 | €81,115 | €50,853 | -€30,262 | -37.3% |
| Profit (loss) for the period | 9904 | €1,389,595 | €1,141,308 | -€248,287 | -17.9% |
| Profit (loss) for the period to be appropriated | 9905 | €1,389,595 | €1,141,308 | -€248,287 | -17.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.