M.D.COLOR: 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.COLOR
Largest movements
- Tangible fixed assets +€24,268
up €24,268 (+172%), from €14,079 to €38,347
of which Leasing and similar rights: +€28,103
- Receivables within one year +€3,869
up €3,869 (+2.5%), from €156,526 to €160,395
of which Other amounts receivable: +€15,977
- Debts after one year +€19,331
up €19,331 (+194%), from €9,951 to €29,282
- Tax, wage and social debts -€12,332
down €12,332 (-69.3%), from €17,802 to €5,470
- Profit (loss) carried forward +€11,057
up €11,057 (+11.1%), from €99,224 to €110,280
- Current portion of long-term debt +€5,578
up €5,578 (+150%), from €3,723 to €9,301
- Short-term financial debts +€2,389
up €2,389 (+244%), from €981 to €3,370
- Gross operating margin -€20,946
down €20,946 (-47.7%), from €43,933 to €22,987
- Taxes -€8,685
down €8,685 (-72.9%), from €11,917 to €3,233
- Depreciation +€5,132
up €5,132 (+102%), from €5,009 to €10,141
- Financial charges +€1,363
up €1,363 (+106%), from €1,291 to €2,653
- Other operating charges +€530
up €530 (+296%), from €179 to €710
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 | €171,798 | €198,869 | +€27,071 | +15.8% |
| Fixed assets | 21/28 | €14,079 | €38,347 | +€24,268 | +172% |
| Tangible fixed assets | 22/27 | €14,079 | €38,347 | +€24,268 | +172% |
| Furniture and vehicles | 24 | €14,079 | €10,244 | -€3,836 | -27.2% |
| Leasing and similar rights | 25 | - | €28,103 | +€28,103 | |
| Current assets | 29/58 | €157,719 | €160,522 | +€2,803 | +1.8% |
| Amounts receivable within one year | 40/41 | €156,526 | €160,395 | +€3,869 | +2.5% |
| Trade receivables | 40 | €74,912 | €62,804 | -€12,108 | -16.2% |
| Other amounts receivable | 41 | €81,614 | €97,590 | +€15,977 | +19.6% |
| Cash at bank and in hand | 54/58 | €920 | - | -€920 | |
| Deferred charges and accrued income | 490/1 | €273 | €127 | -€146 | -53.4% |
| Total equity and liabilities | 10/49 | €171,798 | €198,869 | +€27,071 | +15.8% |
| Equity | 10/15 | €112,054 | €123,110 | +€11,057 | +9.9% |
| Contributions | 10/11 | €300 | €300 | = | 0.0% |
| Contributions outside capital | 11 | €300 | €300 | = | 0.0% |
| Other | 1109/19 | €300 | €300 | = | 0.0% |
| Reserves | 13 | €12,530 | €12,530 | = | 0.0% |
| Distributable reserves | 133 | €12,530 | €12,530 | = | 0.0% |
| Profit (loss) carried forward | 14 | €99,224 | €110,280 | +€11,057 | +11.1% |
| Amounts payable | 17/49 | €59,744 | €75,758 | +€16,014 | +26.8% |
| Amounts payable after more than one year | 17 | €9,951 | €29,282 | +€19,331 | +194% |
| Financial debts | 170/4 | €9,951 | €29,282 | +€19,331 | +194% |
| Amounts payable within one year | 42/48 | €40,794 | €38,476 | -€2,317 | -5.7% |
| Current portion of amounts payable after more than one year | 42 | €3,723 | €9,301 | +€5,578 | +150% |
| Financial debts | 43 | €981 | €3,370 | +€2,389 | +244% |
| Credit institutions | 430/8 | €981 | €3,370 | +€2,389 | +244% |
| Trade debts | 44 | €18,288 | €20,335 | +€2,048 | +11.2% |
| Suppliers | 440/4 | €18,288 | €20,335 | +€2,048 | +11.2% |
| Taxes, remuneration and social security | 45 | €17,802 | €5,470 | -€12,332 | -69.3% |
| Taxes | 450/3 | €17,802 | €5,470 | -€12,332 | -69.3% |
| Accrued charges and deferred income | 492/3 | €9,000 | €8,000 | -€1,000 | -11.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,009 | €10,141 | +€5,132 | +102% |
| Other operating charges | 640/8 | €179 | €710 | +€530 | +296% |
| Gross operating margin | 9900 | €43,933 | €22,987 | -€20,946 | -47.7% |
| Operating profit (loss) | 9901 | €38,745 | €12,137 | -€26,608 | -68.7% |
| Financial income | 75/76B | €4,282 | €4,806 | +€524 | +12.2% |
| Recurring financial income | 75 | €4,282 | €4,806 | +€524 | +12.2% |
| Financial charges | 65/66B | €1,291 | €2,653 | +€1,363 | +106% |
| Recurring financial charges | 65 | €1,291 | €2,653 | +€1,363 | +106% |
| Profit (loss) for the period before taxes | 9903 | €41,737 | €14,289 | -€27,447 | -65.8% |
| Income taxes | 67/77 | €11,917 | €3,233 | -€8,685 | -72.9% |
| Profit (loss) for the period | 9904 | €29,819 | €11,057 | -€18,763 | -62.9% |
| Profit (loss) for the period to be appropriated | 9905 | €29,819 | €11,057 | -€18,763 | -62.9% |
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 18 October 2026 via checked.be.