M.D. LOGISTIC & MANAGEMENT: 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. LOGISTIC & MANAGEMENT
Largest movements
- Receivables within one year -€4,844
down €4,844 (-38.0%), from €12,751 to €7,907
of which Other amounts receivable: -€2,952
- Cash -€1,919
down €1,919 (-11.5%), from €16,731 to €14,812
mainly Tax, wage and social debts (-€3,529) and Net result for the year (-€1,882)
- Tax, wage and social debts -€3,529
no longer reported in 2025 (was €3,529)
- Profit (loss) carried forward -€1,882
down €1,882 (-34.4%), from €5,469 to €3,587
- Trade debts -€1,489
down €1,489 (-99.3%), from €1,500 to €11
- Purchases and services -€48,818
down €48,818 (-96.6%), from €50,533 to €1,715
- Gross operating margin +€25,343
up €25,343 (+94.0%), from -€26,957 to -€1,614
- Turnover -€23,576
down €23,576 (-100%), from €23,576 to €0
- Depreciation -€1,939
down €1,939 (-93.4%), from €2,076 to €137
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 | €30,156 | €23,256 | -€6,900 | -22.9% |
| Fixed assets | 21/28 | €674 | €537 | -€137 | -20.3% |
| Tangible fixed assets | 22/27 | €674 | €537 | -€137 | -20.3% |
| Plant, machinery and equipment | 23 | €581 | €537 | -€44 | -7.6% |
| Furniture and vehicles | 24 | €93 | €0 | -€93 | -100% |
| Current assets | 29/58 | €29,482 | €22,719 | -€6,763 | -22.9% |
| Amounts receivable within one year | 40/41 | €12,751 | €7,907 | -€4,844 | -38.0% |
| Trade receivables | 40 | €8,476 | €6,584 | -€1,892 | -22.3% |
| Other amounts receivable | 41 | €4,275 | €1,323 | -€2,952 | -69.0% |
| Cash at bank and in hand | 54/58 | €16,731 | €14,812 | -€1,919 | -11.5% |
| Total equity and liabilities | 10/49 | €30,156 | €23,256 | -€6,900 | -22.9% |
| Equity | 10/15 | €24,998 | €23,116 | -€1,882 | -7.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €929 | €929 | = | 0.0% |
| Non-distributable reserves | 130/1 | €929 | €929 | = | 0.0% |
| Reserves not available under the articles | 1311 | €929 | €929 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,469 | €3,587 | -€1,882 | -34.4% |
| Amounts payable | 17/49 | €5,158 | €140 | -€5,018 | -97.3% |
| Amounts payable within one year | 42/48 | €5,158 | €140 | -€5,018 | -97.3% |
| Trade debts | 44 | €1,500 | €11 | -€1,489 | -99.3% |
| Suppliers | 440/4 | €1,500 | €11 | -€1,489 | -99.3% |
| Taxes, remuneration and social security | 45 | €3,529 | - | -€3,529 | |
| Taxes | 450/3 | €3,529 | - | -€3,529 | |
| Other amounts payable | 47/48 | €129 | €129 | = | 0.0% |
| Turnover | 70 | €23,576 | €0 | -€23,576 | -100% |
| Goods, raw materials, services and sundry goods | 60/61 | €50,533 | €1,715 | -€48,818 | -96.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,076 | €137 | -€1,939 | -93.4% |
| Gross operating margin | 9900 | -€26,957 | -€1,614 | +€25,343 | +94.0% |
| Operating profit (loss) | 9901 | -€29,034 | -€1,751 | +€27,282 | +94.0% |
| Financial charges | 65/66B | €114 | €131 | +€16 | +14.2% |
| Recurring financial charges | 65 | €114 | €131 | +€16 | +14.2% |
| Profit (loss) for the period before taxes | 9903 | -€29,148 | -€1,882 | +€27,266 | +93.5% |
| Profit (loss) for the period | 9904 | -€29,148 | -€1,882 | +€27,266 | +93.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€29,148 | -€1,882 | +€27,266 | +93.5% |
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 28 October 2026 via checked.be.