MdcStratCon: 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.
MdcStratCon
Largest movements
- Cash +€32,794
up €32,794 (+12.4%), from €263,560 to €296,353
mainly Net result for the year (+€38,687) and Receivables within one year (+€32,082)
- Receivables within one year -€32,082
down €32,082 (-43.6%), from €73,570 to €41,488
of which Trade receivables: -€23,921
- Reserves +€38,687
up €38,687 (+14.0%), from €276,153 to €314,840
- Trade debts -€29,608
down €29,608 (-65.1%), from €45,477 to €15,869
- Tax, wage and social debts -€9,853
down €9,853 (-55.9%), from €17,613 to €7,761
- Gross operating margin +€88,618
up €88,618, from -€38,051 to €50,567
- Taxes +€8,145
up €8,145 (+3,764%), from €216 to €8,362
- Financial income +€802
up €802 (+31.8%), from €2,524 to €3,326
- Financial charges +€796
up €796 (+37.3%), from €2,131 to €2,927
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 | €353,643 | €352,870 | -€773 | -0.2% |
| Fixed assets | 21/28 | €16,022 | €14,419 | -€1,603 | -10.0% |
| Tangible fixed assets | 22/27 | €16,022 | €14,419 | -€1,603 | -10.0% |
| Plant, machinery and equipment | 23 | €2,106 | €1,319 | -€787 | -37.4% |
| Furniture and vehicles | 24 | €733 | €489 | -€244 | -33.3% |
| Other tangible fixed assets | 26 | €13,183 | €12,612 | -€571 | -4.3% |
| Current assets | 29/58 | €337,622 | €338,451 | +€829 | +0.2% |
| Amounts receivable within one year | 40/41 | €73,570 | €41,488 | -€32,082 | -43.6% |
| Trade receivables | 40 | €33,921 | €10,000 | -€23,921 | -70.5% |
| Other amounts receivable | 41 | €39,649 | €31,488 | -€8,161 | -20.6% |
| Cash at bank and in hand | 54/58 | €263,560 | €296,353 | +€32,794 | +12.4% |
| Deferred charges and accrued income | 490/1 | €492 | €610 | +€118 | +24.0% |
| Total equity and liabilities | 10/49 | €353,643 | €352,870 | -€773 | -0.2% |
| Equity | 10/15 | €290,553 | €329,240 | +€38,687 | +13.3% |
| Contributions | 10/11 | €14,400 | €14,400 | = | 0.0% |
| Reserves | 13 | €276,153 | €314,840 | +€38,687 | +14.0% |
| Distributable reserves | 133 | €276,153 | €314,840 | +€38,687 | +14.0% |
| Amounts payable | 17/49 | €63,090 | €23,630 | -€39,460 | -62.5% |
| Amounts payable within one year | 42/48 | €63,090 | €23,630 | -€39,460 | -62.5% |
| Trade debts | 44 | €45,477 | €15,869 | -€29,608 | -65.1% |
| Suppliers | 440/4 | €45,477 | €15,869 | -€29,608 | -65.1% |
| Taxes, remuneration and social security | 45 | €17,613 | €7,761 | -€9,853 | -55.9% |
| Taxes | 450/3 | €17,613 | €7,761 | -€9,853 | -55.9% |
| Non-recurring operating income | 76A | - | €798 | +€798 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,904 | €3,224 | +€320 | +11.0% |
| Other operating charges | 640/8 | €801 | €643 | -€158 | -19.7% |
| Non-recurring operating charges | 66A | - | €50 | +€50 | |
| Gross operating margin | 9900 | -€38,051 | €50,567 | +€88,618 | |
| Operating profit (loss) | 9901 | -€41,756 | €46,650 | +€88,405 | |
| Financial income | 75/76B | €2,524 | €3,326 | +€802 | +31.8% |
| Recurring financial income | 75 | €2,524 | €3,326 | +€802 | +31.8% |
| Financial charges | 65/66B | €2,131 | €2,927 | +€796 | +37.3% |
| Recurring financial charges | 65 | €2,131 | €2,927 | +€796 | +37.3% |
| Profit (loss) for the period before taxes | 9903 | -€41,363 | €47,049 | +€88,412 | |
| Income taxes | 67/77 | €216 | €8,362 | +€8,145 | +3,764% |
| Profit (loss) for the period | 9904 | -€41,580 | €38,687 | +€80,267 | |
| Profit (loss) for the period to be appropriated | 9905 | -€41,580 | €38,687 | +€80,267 |
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.