STANDAERT MDC: 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.
STANDAERT MDC
Largest movements
- Cash +€34,929
up €34,929 (+139%), from €25,060 to €59,988
mainly Net result for the year (+€35,870) and Other debts (+€34,613)
- Tangible fixed assets -€7,343
down €7,343 (-28.3%), from €25,901 to €18,558
of which Furniture and vehicles: -€6,519
- Receivables within one year +€3,801
new in 2025: €3,801
- Deferred charges and accrued income -€945
no longer reported in 2025 (was €945)
- Other debts +€34,613
up €34,613 (+8,945%), from €387 to €35,000
- Debts after one year -€8,154
down €8,154 (-63.0%), from €12,939 to €4,785
- Tax, wage and social debts +€1,736
up €1,736 (+35.9%), from €4,833 to €6,569
- Accrued charges and deferred income +€1,210
up €1,210 (+42.6%), from €2,844 to €4,054
- Reserves +€870
up €870 (+4.0%), from €21,830 to €22,700
- Gross operating margin +€29,677
up €29,677 (+99.8%), from €29,738 to €59,415
- Taxes +€9,826
up €9,826 (+232%), from €4,243 to €14,069
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 | €51,906 | €82,347 | +€30,441 | +58.6% |
| Fixed assets | 21/28 | €25,901 | €18,558 | -€7,343 | -28.3% |
| Tangible fixed assets | 22/27 | €25,901 | €18,558 | -€7,343 | -28.3% |
| Land and buildings | 22 | €10,886 | €9,401 | -€1,485 | -13.6% |
| Plant, machinery and equipment | 23 | €535 | €1,196 | +€660 | +123% |
| Furniture and vehicles | 24 | €14,481 | €7,962 | -€6,519 | -45.0% |
| Current assets | 29/58 | €26,005 | €63,789 | +€37,784 | +145% |
| Amounts receivable within one year | 40/41 | - | €3,801 | +€3,801 | |
| Other amounts receivable | 41 | - | €3,801 | +€3,801 | |
| Cash at bank and in hand | 54/58 | €25,060 | €59,988 | +€34,929 | +139% |
| Deferred charges and accrued income | 490/1 | €945 | - | -€945 | |
| Total equity and liabilities | 10/49 | €51,906 | €82,347 | +€30,441 | +58.6% |
| Equity | 10/15 | €22,830 | €23,700 | +€870 | +3.8% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €21,830 | €22,700 | +€870 | +4.0% |
| Distributable reserves | 133 | €21,830 | €22,700 | +€870 | +4.0% |
| Amounts payable | 17/49 | €29,076 | €58,647 | +€29,571 | +102% |
| Amounts payable after more than one year | 17 | €12,939 | €4,785 | -€8,154 | -63.0% |
| Financial debts | 170/4 | €12,939 | €4,785 | -€8,154 | -63.0% |
| Amounts payable within one year | 42/48 | €13,294 | €49,809 | +€36,515 | +275% |
| Current portion of amounts payable after more than one year | 42 | €8,048 | €8,154 | +€106 | +1.3% |
| Trade debts | 44 | €25 | €85 | +€61 | +246% |
| Suppliers | 440/4 | €25 | €85 | +€61 | +246% |
| Taxes, remuneration and social security | 45 | €4,833 | €6,569 | +€1,736 | +35.9% |
| Taxes | 450/3 | €4,833 | €6,569 | +€1,736 | +35.9% |
| Other amounts payable | 47/48 | €387 | €35,000 | +€34,613 | +8,945% |
| Accrued charges and deferred income | 492/3 | €2,844 | €4,054 | +€1,210 | +42.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,570 | €8,738 | +€168 | +2.0% |
| Other operating charges | 640/8 | €453 | €459 | +€5 | +1.2% |
| Gross operating margin | 9900 | €29,738 | €59,415 | +€29,677 | +99.8% |
| Operating profit (loss) | 9901 | €20,715 | €50,219 | +€29,504 | +142% |
| Financial income | 75/76B | €0 | €61 | +€61 | +55,364% |
| Recurring financial income | 75 | €0 | €61 | +€61 | +55,364% |
| Financial charges | 65/66B | €473 | €340 | -€132 | -28.0% |
| Recurring financial charges | 65 | €473 | €340 | -€132 | -28.0% |
| Profit (loss) for the period before taxes | 9903 | €20,242 | €49,939 | +€29,697 | +147% |
| Income taxes | 67/77 | €4,243 | €14,069 | +€9,826 | +232% |
| Profit (loss) for the period | 9904 | €15,999 | €35,870 | +€19,871 | +124% |
| Profit (loss) for the period to be appropriated | 9905 | €15,999 | €35,870 | +€19,871 | +124% |
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 14 October 2026 via checked.be.