M.D.B.: 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.
M.D.B.
Largest movements
- Receivables within one year -€13,409
down €13,409 (-11.9%), from €112,788 to €99,379
of which Other amounts receivable: -€10,161
- Cash +€3,523
up €3,523 (+242.5%), from €1,453 to €4,976
mainly Receivables within one year (+€13,409) and Current investments (+€1,033)
- Tax, wage and social debts -€9,396
down €9,396 (-82.0%), from €11,452 to €2,056
of which Remuneration and social security: -€10,276
- Profit (loss) carried forward -€2,070
down €2,070 (-5.4%), from €38,149 to €36,079
- Gross operating margin +€4,444
up €4,444 (+55.6%), from -€7,993 to -€3,549
- Financial income -€2,250
down €2,250 (-53.5%), from €4,204 to €1,954
- Other operating charges +€108
up €108 (+33.2%), from €325 to €433
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 | €201,474 | €190,555 | -€10,919 | -5.4% |
| Current assets | 29/58 | €201,474 | €190,555 | -€10,919 | -5.4% |
| Amounts receivable after more than one year | 29 | €86,200 | €86,200 | = | 0.0% |
| Other amounts receivable | 291 | €86,200 | €86,200 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €112,788 | €99,379 | -€13,409 | -11.9% |
| Trade receivables | 40 | €5,110 | €1,862 | -€3,248 | -63.6% |
| Other amounts receivable | 41 | €107,678 | €97,517 | -€10,161 | -9.4% |
| Current investments | 50/53 | €1,033 | €0 | -€1,033 | -100.0% |
| Cash at bank and in hand | 54/58 | €1,453 | €4,976 | +€3,523 | +242.5% |
| Total equity and liabilities | 10/49 | €201,474 | €190,555 | -€10,919 | -5.4% |
| Equity | 10/15 | €186,232 | €184,162 | -€2,070 | -1.1% |
| Contributions | 10/11 | €18,592 | €20,451 | +€1,859 | +10.0% |
| Reserves | 13 | €129,491 | €127,632 | -€1,859 | -1.4% |
| Non-distributable reserves | 130/1 | €1,859 | - | -€1,859 | |
| Reserves not available under the articles | 1311 | €1,859 | - | -€1,859 | |
| Distributable reserves | 133 | €127,632 | €127,632 | = | 0.0% |
| Profit (loss) carried forward | 14 | €38,149 | €36,079 | -€2,070 | -5.4% |
| Amounts payable | 17/49 | €15,242 | €6,393 | -€8,849 | -58.1% |
| Amounts payable within one year | 42/48 | €15,242 | €6,393 | -€8,849 | -58.1% |
| Trade debts | 44 | €3,790 | €4,337 | +€547 | +14.4% |
| Suppliers | 440/4 | €3,790 | €4,337 | +€547 | +14.4% |
| Taxes, remuneration and social security | 45 | €11,452 | €2,056 | -€9,396 | -82.0% |
| Taxes | 450/3 | €1,176 | €2,056 | +€880 | +74.8% |
| Remuneration and social security | 454/9 | €10,276 | - | -€10,276 | |
| Other operating charges | 640/8 | €325 | €433 | +€108 | +33.2% |
| Gross operating margin | 9900 | -€7,993 | -€3,549 | +€4,444 | +55.6% |
| Operating profit (loss) | 9901 | -€8,318 | -€3,982 | +€4,336 | +52.1% |
| Financial income | 75/76B | €4,204 | €1,954 | -€2,250 | -53.5% |
| Recurring financial income | 75 | €4,204 | €1,954 | -€2,250 | -53.5% |
| Financial charges | 65/66B | €20 | €42 | +€22 | +110.0% |
| Recurring financial charges | 65 | €20 | €42 | +€22 | +110.0% |
| Profit (loss) for the period before taxes | 9903 | -€4,134 | -€2,070 | +€2,064 | +49.9% |
| Profit (loss) for the period | 9904 | -€4,134 | -€2,070 | +€2,064 | +49.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,134 | -€2,070 | +€2,064 | +49.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.