M&D COMPANY: what changed
What changed
M&D COMPANY
NACE 81.230, Other cleaning activities
filed annual accounts (NBB)
Net result for the year
-€6,597
2024 · €28,772-€35,369
Equity
€75,676
2024 · €82,273-€6,597
Cash
€27,443
2024 · €28,333-€890
Balance sheet total
€172,611
2024 · €179,868-€7,257
Largest movements
Assets
- Receivables within one year -€25,756
down €25,756 (-30.3%), from €85,019 to €59,263
of which Trade receivables: -€37,509
- Tangible fixed assets +€19,053
up €19,053 (+30.6%), from €62,183 to €81,236
of which Furniture and vehicles: +€17,003
Equity and liabilities
- Trade debts -€15,934
down €15,934 (-47.6%), from €33,484 to €17,550
- Debts after one year +€15,911
up €15,911 (+51.5%), from €30,905 to €46,816
- Profit (loss) carried forward -€6,597
down €6,597 (-24.8%), from €26,584 to €19,988
Income statement
- Purchases and services +€117,845
up €117,845 (+28.9%), from €408,357 to €526,202
- Turnover +€83,612
up €83,612 (+18.5%), from €450,747 to €534,359
- Gross operating margin -€43,279
down €43,279 (-65.8%), from €65,753 to €22,474
- Taxes -€14,752
down €14,752 (-89.9%), from €16,405 to €1,653
- Depreciation +€6,816
up €6,816 (+56.3%), from €12,111 to €18,926
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€28,772
Gross operating margin
-€43,279
Depreciation
-€6,816
Other operating charges
+€371
Other operating items
+€935
Financial income
+€4
Financial charges
-€1,336
Taxes
+€14,752
Result 2025
-€6,597
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€21,413
Investment
-€37,979
Financing
+€15,676
Cash 2024
€28,333
From operations (derived)
+€21,413
Net result for the year
-€6,597
Depreciation
+€18,926
Receivables within one year
+€25,756
Deferred charges and accrued income
-€336
Trade debts
-€15,934
Tax, wage and social debts
-€402
Investment (derived)
-€37,979
Investment in fixed assets (net)
-€37,979
Financing
+€15,676
Debts after one year
+€15,911
Current portion of long-term debt
-€235
Cash 2025
€27,443
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €179,868 | €172,611 | -€7,257 | -4.0% |
| Fixed assets | 21/28 | €62,492 | €81,545 | +€19,053 | +30.5% |
| Tangible fixed assets | 22/27 | €62,183 | €81,236 | +€19,053 | +30.6% |
| Plant, machinery and equipment | 23 | €958 | €3,008 | +€2,050 | +214% |
| Furniture and vehicles | 24 | €61,226 | €78,228 | +€17,003 | +27.8% |
| Financial fixed assets | 28 | €309 | €309 | = | 0.0% |
| Current assets | 29/58 | €117,376 | €91,066 | -€26,309 | -22.4% |
| Amounts receivable within one year | 40/41 | €85,019 | €59,263 | -€25,756 | -30.3% |
| Trade receivables | 40 | €63,762 | €26,253 | -€37,509 | -58.8% |
| Other amounts receivable | 41 | €21,257 | €33,010 | +€11,753 | +55.3% |
| Cash at bank and in hand | 54/58 | €28,333 | €27,443 | -€890 | -3.1% |
| Deferred charges and accrued income | 490/1 | €4,024 | €4,360 | +€336 | +8.4% |
| Total equity and liabilities | 10/49 | €179,868 | €172,611 | -€7,257 | -4.0% |
| Equity | 10/15 | €82,273 | €75,676 | -€6,597 | -8.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €49,489 | €49,489 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €47,629 | €47,629 | = | 0.0% |
| Profit (loss) carried forward | 14 | €26,584 | €19,988 | -€6,597 | -24.8% |
| Amounts payable | 17/49 | €97,595 | €96,935 | -€660 | -0.7% |
| Amounts payable after more than one year | 17 | €30,905 | €46,816 | +€15,911 | +51.5% |
| Financial debts | 170/4 | €30,905 | €46,816 | +€15,911 | +51.5% |
| Amounts payable within one year | 42/48 | €66,690 | €50,119 | -€16,571 | -24.8% |
| Current portion of amounts payable after more than one year | 42 | €18,246 | €18,011 | -€235 | -1.3% |
| Trade debts | 44 | €33,484 | €17,550 | -€15,934 | -47.6% |
| Suppliers | 440/4 | €33,484 | €17,550 | -€15,934 | -47.6% |
| Taxes, remuneration and social security | 45 | €14,960 | €14,558 | -€402 | -2.7% |
| Taxes | 450/3 | €14,960 | €14,558 | -€402 | -2.7% |
| Turnover | 70 | €450,747 | €534,359 | +€83,612 | +18.5% |
| Non-recurring operating income | 76A | €23,363 | €2,125 | -€21,237 | -90.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €408,357 | €526,202 | +€117,845 | +28.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,111 | €18,926 | +€6,816 | +56.3% |
| Other operating charges | 640/8 | €3,716 | €3,344 | -€371 | -10.0% |
| Non-recurring operating charges | 66A | €3,452 | €2,518 | -€935 | -27.1% |
| Gross operating margin | 9900 | €65,753 | €22,474 | -€43,279 | -65.8% |
| Operating profit (loss) | 9901 | €46,475 | -€2,314 | -€48,789 | |
| Financial income | 75/76B | €1 | €5 | +€4 | +376% |
| Recurring financial income | 75 | €1 | €5 | +€4 | +376% |
| Financial charges | 65/66B | €1,298 | €2,634 | +€1,336 | +103% |
| Recurring financial charges | 65 | €1,298 | €2,634 | +€1,336 | +103% |
| Profit (loss) for the period before taxes | 9903 | €45,178 | -€4,943 | -€50,121 | |
| Income taxes | 67/77 | €16,405 | €1,653 | -€14,752 | -89.9% |
| Profit (loss) for the period | 9904 | €28,772 | -€6,597 | -€35,369 | |
| Profit (loss) for the period to be appropriated | 9905 | €28,772 | -€6,597 | -€35,369 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.