M.D.M. INDUSTRIE: what changed
What changed
M.D.M. INDUSTRIE
NACE 25.110, Manufacture of metal structures and parts of structures
filed annual accounts (NBB)
Net result for the year
€212,798
2024 · €245,169-€32,372
Equity
€2.8m
2024 · €2.8m-€37,202
Cash
€776,395
2024 · €638,745+€137,650
Balance sheet total
€3.6m
2024 · €3.5m+€111,896
Largest movements
Assets
- Receivables after one year -€596,539
down €596,539 (-43.5%), from €1.4m to €773,832
- Receivables within one year +€310,524
up €310,524 (+161%), from €192,576 to €503,100
of which Trade receivables: +€272,821
- Tangible fixed assets +€212,705
up €212,705 (+55.3%), from €384,849 to €597,554
of which Plant, machinery and equipment: +€249,085
- Cash +€137,650
up €137,650 (+21.6%), from €638,745 to €776,395
mainly Receivables after one year (+€596,539) and Net result for the year (+€212,798)
- Stocks and contracts +€44,529
up €44,529 (+4.8%), from €931,083 to €975,613
Equity and liabilities
- Reserves -€104,750
down €104,750 (-9.7%), from €1.1m to €969,722
of which Distributable reserves: -€210,000
- Other debts +€95,626
up €95,626 (+34.4%), from €278,000 to €373,626
- Profit (loss) carried forward +€67,548
up €67,548 (+4.3%), from €1.6m to €1.6m
- Trade debts +€65,547
up €65,547 (+52.6%), from €124,596 to €190,143
Income statement
- Gross operating margin -€90,226
down €90,226 (-8.0%), from €1.1m to €1.0m
- Staff costs -€35,524
down €35,524 (-5.4%), from €658,054 to €622,530
- Taxes -€25,282
down €25,282 (-28.3%), from €89,387 to €64,105
- Depreciation +€18,171
up €18,171 (+18.7%), from €97,368 to €115,539
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
€245,169
Gross operating margin
-€90,226
Staff costs
+€35,524
Depreciation
-€18,171
Write-downs
+€3,663
Other operating charges
+€5,815
Other operating items
+€727
Financial income
+€6,712
Financial charges
-€1,699
Taxes
+€25,282
Result 2025
€212,798
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
+€747,304
Investment
-€328,244
Financing
-€281,409
Cash 2024
€638,745
From operations (derived)
+€747,304
Net result for the year
+€212,798
Depreciation
+€115,539
Receivables after one year
+€596,539
Stocks and contracts
-€44,529
Receivables within one year
-€310,524
Deferred charges and accrued income
-€3,026
Trade debts
+€65,547
Tax, wage and social debts
+€18,668
Advances received
+€666
Other debts
+€95,626
Investment (derived)
-€328,244
Investment in fixed assets (net)
-€328,244
Financing
-€281,409
Debts after one year
-€32,638
Current portion of long-term debt
+€1,229
Contributions, distributions and other
-€250,000
Cash 2025
€776,395
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,523,150 | €3,635,045 | +€111,896 | +3.2% |
| Fixed assets | 21/28 | €384,849 | €597,554 | +€212,705 | +55.3% |
| Tangible fixed assets | 22/27 | €384,849 | €597,554 | +€212,705 | +55.3% |
| Land and buildings | 22 | €83,165 | €54,256 | -€28,908 | -34.8% |
| Plant, machinery and equipment | 23 | €55,571 | €304,656 | +€249,085 | +448% |
| Furniture and vehicles | 24 | €246,113 | €238,641 | -€7,472 | -3.0% |
| Current assets | 29/58 | €3,138,301 | €3,037,492 | -€100,809 | -3.2% |
| Amounts receivable after more than one year | 29 | €1,370,371 | €773,832 | -€596,539 | -43.5% |
| Other amounts receivable | 291 | €1,370,371 | €773,832 | -€596,539 | -43.5% |
| Stocks and contracts in progress | 3 | €931,083 | €975,613 | +€44,529 | +4.8% |
| Stocks | 30/36 | €931,083 | €975,613 | +€44,529 | +4.8% |
| Amounts receivable within one year | 40/41 | €192,576 | €503,100 | +€310,524 | +161% |
| Trade receivables | 40 | €173,774 | €446,595 | +€272,821 | +157% |
| Other amounts receivable | 41 | €18,801 | €56,504 | +€37,703 | +201% |
| Cash at bank and in hand | 54/58 | €638,745 | €776,395 | +€137,650 | +21.6% |
| Deferred charges and accrued income | 490/1 | €5,526 | €8,552 | +€3,026 | +54.8% |
| Total equity and liabilities | 10/49 | €3,523,150 | €3,635,045 | +€111,896 | +3.2% |
| Equity | 10/15 | €2,813,784 | €2,776,582 | -€37,202 | -1.3% |
| Contributions | 10/11 | €120,000 | €120,000 | = | 0.0% |
| Capital | 10 | €120,000 | €120,000 | = | 0.0% |
| Issued capital | 100 | €120,000 | €120,000 | = | 0.0% |
| Revaluation surpluses | 12 | €49,579 | €49,579 | = | 0.0% |
| Reserves | 13 | €1,074,472 | €969,722 | -€104,750 | -9.7% |
| Non-distributable reserves | 130/1 | €12,000 | €12,000 | = | 0.0% |
| Legal reserve | 130 | €12,000 | €12,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €273,472 | €378,722 | +€105,250 | +38.5% |
| Distributable reserves | 133 | €789,000 | €579,000 | -€210,000 | -26.6% |
| Profit (loss) carried forward | 14 | €1,569,734 | €1,637,281 | +€67,548 | +4.3% |
| Amounts payable | 17/49 | €709,365 | €858,463 | +€149,098 | +21.0% |
| Amounts payable after more than one year | 17 | €117,612 | €84,974 | -€32,638 | -27.8% |
| Financial debts | 170/4 | €117,612 | €84,974 | -€32,638 | -27.8% |
| Amounts payable within one year | 42/48 | €591,753 | €773,489 | +€181,736 | +30.7% |
| Current portion of amounts payable after more than one year | 42 | €31,409 | €32,638 | +€1,229 | +3.9% |
| Trade debts | 44 | €124,596 | €190,143 | +€65,547 | +52.6% |
| Suppliers | 440/4 | €124,596 | €190,143 | +€65,547 | +52.6% |
| Advances received on contracts in progress | 46 | - | €666 | +€666 | |
| Taxes, remuneration and social security | 45 | €157,748 | €176,416 | +€18,668 | +11.8% |
| Taxes | 450/3 | €17,158 | €54,889 | +€37,730 | +220% |
| Remuneration and social security | 454/9 | €140,590 | €121,528 | -€19,062 | -13.6% |
| Other amounts payable | 47/48 | €278,000 | €373,626 | +€95,626 | +34.4% |
| Non-recurring operating income | 76A | €20,280 | €113,310 | +€93,030 | +459% |
| Remuneration, social security and pensions | 62 | €658,054 | €622,530 | -€35,524 | -5.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €97,368 | €115,539 | +€18,171 | +18.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €3,663 | - | -€3,663 | |
| Other operating charges | 640/8 | €34,751 | €28,936 | -€5,815 | -16.7% |
| Non-recurring operating charges | 66A | €727 | - | -€727 | |
| Gross operating margin | 9900 | €1,132,279 | €1,042,053 | -€90,226 | -8.0% |
| Operating profit (loss) | 9901 | €337,715 | €275,048 | -€62,667 | -18.6% |
| Financial income | 75/76B | €3,260 | €9,972 | +€6,712 | +206% |
| Recurring financial income | 75 | €3,260 | €9,972 | +€6,712 | +206% |
| Financial charges | 65/66B | €6,419 | €8,118 | +€1,699 | +26.5% |
| Recurring financial charges | 65 | €6,419 | €8,118 | +€1,699 | +26.5% |
| Profit (loss) for the period before taxes | 9903 | €334,556 | €276,903 | -€57,654 | -17.2% |
| Income taxes | 67/77 | €89,387 | €64,105 | -€25,282 | -28.3% |
| Profit (loss) for the period | 9904 | €245,169 | €212,798 | -€32,372 | -13.2% |
| Transfer to tax-exempt reserves | 689 | €105,250 | €105,250 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €139,919 | €107,548 | -€32,372 | -23.1% |
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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 4 November 2026 via checked.be.