M D B Immo: 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.
M D B Immo
Largest movements
- Tangible fixed assets -€11,343
down €11,343 (-3.7%), from €308,004 to €296,661
of which Land and buildings: -€11,290
- Debts after one year -€22,222
down €22,222 (-25.9%), from €85,644 to €63,422
- Other debts +€11,128
up €11,128 (+4.9%), from €225,855 to €236,983
- Gross operating margin -€71,746
down €71,746 (-74.8%), from €95,960 to €24,214
- Taxes -€19,598
down €19,598 (-94.8%), from €20,669 to €1,071
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 | €464,949 | €454,932 | -€10,017 | -2.2% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €308,004 | €296,661 | -€11,343 | -3.7% |
| Tangible fixed assets | 22/27 | €308,004 | €296,661 | -€11,343 | -3.7% |
| Land and buildings | 22 | €307,951 | €296,661 | -€11,290 | -3.7% |
| Plant, machinery and equipment | 23 | €53 | €0 | -€53 | -100% |
| Current assets | 29/58 | €156,945 | €158,271 | +€1,326 | +0.8% |
| Amounts receivable within one year | 40/41 | €3,825 | €1,350 | -€2,475 | -64.7% |
| Trade receivables | 40 | €2,475 | €1,350 | -€1,125 | -45.5% |
| Other amounts receivable | 41 | €1,350 | €0 | -€1,350 | -100% |
| Cash at bank and in hand | 54/58 | €153,120 | €156,921 | +€3,801 | +2.5% |
| Total equity and liabilities | 10/49 | €464,949 | €454,932 | -€10,017 | -2.2% |
| Equity | 10/15 | €99,373 | €102,315 | +€2,942 | +3.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €79,373 | €82,315 | +€2,942 | +3.7% |
| Amounts payable | 17/49 | €365,576 | €352,617 | -€12,959 | -3.5% |
| Amounts payable after more than one year | 17 | €85,644 | €63,422 | -€22,222 | -25.9% |
| Financial debts | 170/4 | €85,644 | €63,422 | -€22,222 | -25.9% |
| Amounts payable within one year | 42/48 | €279,932 | €289,195 | +€9,263 | +3.3% |
| Current portion of amounts payable after more than one year | 42 | €21,788 | €22,222 | +€435 | +2.0% |
| Trade debts | 44 | €3,692 | €1,027 | -€2,664 | -72.2% |
| Suppliers | 440/4 | €3,692 | €1,027 | -€2,664 | -72.2% |
| Taxes, remuneration and social security | 45 | €28,598 | €28,963 | +€365 | +1.3% |
| Taxes | 450/3 | €28,598 | €28,963 | +€365 | +1.3% |
| Other amounts payable | 47/48 | €225,855 | €236,983 | +€11,128 | +4.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,924 | €11,343 | +€419 | +3.8% |
| Other operating charges | 640/8 | €6,630 | €6,755 | +€125 | +1.9% |
| Gross operating margin | 9900 | €95,960 | €24,214 | -€71,746 | -74.8% |
| Operating profit (loss) | 9901 | €78,405 | €6,116 | -€72,289 | -92.2% |
| Financial charges | 65/66B | €2,556 | €2,104 | -€453 | -17.7% |
| Recurring financial charges | 65 | €2,556 | €2,104 | -€453 | -17.7% |
| Profit (loss) for the period before taxes | 9903 | €75,849 | €4,013 | -€71,837 | -94.7% |
| Income taxes | 67/77 | €20,669 | €1,071 | -€19,598 | -94.8% |
| Profit (loss) for the period | 9904 | €55,180 | €2,942 | -€52,239 | -94.7% |
| Profit (loss) for the period to be appropriated | 9905 | €55,180 | €2,942 | -€52,239 | -94.7% |
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 17 October 2026 via checked.be.