Johan Van Ongeval, MDL: 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.
Johan Van Ongeval, MDL
Largest movements
- Cash +€140,129
up €140,129 (+36.6%), from €382,961 to €523,091
mainly Net result for the year (+€218,495) and Depreciation (+€44,524)
- Tangible fixed assets +€50,361
up €50,361 (+71.4%), from €70,562 to €120,924
of which Furniture and vehicles: +€51,475
- Reserves +€218,495
up €218,495 (+56.0%), from €389,875 to €608,370
of which Distributable reserves: +€134,295
- Other debts -€54,774
down €54,774 (-78.2%), from €70,064 to €15,290
- Tax, wage and social debts +€35,927
up €35,927 (+51.6%), from €69,559 to €105,486
of which Taxes: +€33,727
- Depreciation +€14,554
up €14,554 (+48.6%), from €29,970 to €44,524
- Taxes -€12,363
down €12,363 (-12.7%), from €97,003 to €84,641
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.
Cash bridge derived
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 | €541,583 | €737,878 | +€196,296 | +36.2% |
| Fixed assets | 21/28 | €105,076 | €159,820 | +€54,743 | +52.1% |
| Intangible fixed assets | 21 | €34,514 | €38,896 | +€4,382 | +12.7% |
| Tangible fixed assets | 22/27 | €70,562 | €120,924 | +€50,361 | +71.4% |
| Plant, machinery and equipment | 23 | €37,906 | €36,792 | -€1,114 | -2.9% |
| Furniture and vehicles | 24 | €32,656 | €84,131 | +€51,475 | +157.6% |
| Current assets | 29/58 | €436,506 | €578,058 | +€141,552 | +32.4% |
| Current investments | 50/53 | €51,508 | €52,132 | +€623 | +1.2% |
| Cash at bank and in hand | 54/58 | €382,961 | €523,091 | +€140,129 | +36.6% |
| Deferred charges and accrued income | 490/1 | €2,037 | €2,836 | +€800 | +39.3% |
| Total equity and liabilities | 10/49 | €541,583 | €737,878 | +€196,296 | +36.2% |
| Equity | 10/15 | €391,875 | €610,370 | +€218,495 | +55.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €389,875 | €608,370 | +€218,495 | +56.0% |
| Tax-exempt reserves | 132 | - | €84,200 | +€84,200 | |
| Distributable reserves | 133 | €389,875 | €524,170 | +€134,295 | +34.4% |
| Amounts payable | 17/49 | €149,707 | €127,508 | -€22,200 | -14.8% |
| Amounts payable within one year | 42/48 | €141,754 | €122,842 | -€18,912 | -13.3% |
| Financial debts | 43 | €2,131 | €1,073 | -€1,058 | -49.6% |
| Credit institutions | 430/8 | €2,131 | €1,073 | -€1,058 | -49.6% |
| Trade debts | 44 | €0 | €993 | +€993 | |
| Suppliers | 440/4 | €0 | €993 | +€993 | |
| Taxes, remuneration and social security | 45 | €69,559 | €105,486 | +€35,927 | +51.6% |
| Taxes | 450/3 | €69,559 | €103,286 | +€33,727 | +48.5% |
| Remuneration and social security | 454/9 | €0 | €2,200 | +€2,200 | |
| Other amounts payable | 47/48 | €70,064 | €15,290 | -€54,774 | -78.2% |
| Accrued charges and deferred income | 492/3 | €7,953 | €4,666 | -€3,288 | -41.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,970 | €44,524 | +€14,554 | +48.6% |
| Other operating charges | 640/8 | €1,648 | €1,304 | -€344 | -20.9% |
| Gross operating margin | 9900 | €349,813 | €352,197 | +€2,384 | +0.7% |
| Operating profit (loss) | 9901 | €318,195 | €306,368 | -€11,826 | -3.7% |
| Financial income | 75/76B | €3,000 | €1,544 | -€1,456 | -48.5% |
| Recurring financial income | 75 | €3,000 | €1,544 | -€1,456 | -48.5% |
| Financial charges | 65/66B | €8,013 | €4,777 | -€3,236 | -40.4% |
| Recurring financial charges | 65 | €8,013 | €4,777 | -€3,236 | -40.4% |
| Profit (loss) for the period before taxes | 9903 | €313,182 | €303,136 | -€10,046 | -3.2% |
| Income taxes | 67/77 | €97,003 | €84,641 | -€12,363 | -12.7% |
| Profit (loss) for the period | 9904 | €216,179 | €218,495 | +€2,316 | +1.1% |
| Transfer to tax-exempt reserves | 689 | - | €84,200 | +€84,200 | |
| Profit (loss) for the period to be appropriated | 9905 | €216,179 | €134,295 | -€81,884 | -37.9% |
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 12 October 2026 via checked.be.