M.D.P.: what changed
Two fiscal 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.P.
Largest movements
- Receivables within one year +€24,101
up €24,101 (+197.1%), from €12,226 to €36,327
of which Trade receivables: +€35,386
- Deferred charges and accrued income +€9,153
up €9,153 (+16057.8%), from €57 to €9,210
- Tangible fixed assets -€6,875
down €6,875 (-13.7%), from €50,205 to €43,330
of which Plant, machinery and equipment: -€6,875
- Cash +€2,178
up €2,178 (+24.0%), from €9,086 to €11,265
mainly Trade debts (+€21,792) and Depreciation (+€8,860)
- Intangible fixed assets -€1,985
down €1,985 (-50.6%), from €3,926 to €1,941
- Trade debts +€21,792
up €21,792 (+11082.9%), from €197 to €21,989
- Profit (loss) carried forward +€5,201
up €5,201, from -€1,915 to €3,286
- Gross operating margin -€1,849
down €1,849 (-1.2%), from €156,511 to €154,662
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.
Cash bridge derived
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 | €80,098 | €106,671 | +€26,573 | +33.2% |
| Fixed assets | 21/28 | €54,131 | €45,271 | -€8,860 | -16.4% |
| Intangible fixed assets | 21 | €3,926 | €1,941 | -€1,985 | -50.6% |
| Tangible fixed assets | 22/27 | €50,205 | €43,330 | -€6,875 | -13.7% |
| Plant, machinery and equipment | 23 | €14,999 | €8,124 | -€6,875 | -45.8% |
| Furniture and vehicles | 24 | €35,206 | €35,206 | = | 0.0% |
| Current assets | 29/58 | €25,967 | €61,400 | +€35,433 | +136.5% |
| Amounts receivable after more than one year | 29 | €4,598 | €4,598 | = | 0.0% |
| Other amounts receivable | 291 | €4,598 | €4,598 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €12,226 | €36,327 | +€24,101 | +197.1% |
| Trade receivables | 40 | €345 | €35,730 | +€35,386 | +10257.9% |
| Other amounts receivable | 41 | €11,881 | €597 | -€11,284 | -95.0% |
| Cash at bank and in hand | 54/58 | €9,086 | €11,265 | +€2,178 | +24.0% |
| Deferred charges and accrued income | 490/1 | €57 | €9,210 | +€9,153 | +16057.8% |
| Total equity and liabilities | 10/49 | €80,098 | €106,671 | +€26,573 | +33.2% |
| Equity | 10/15 | €38,385 | €43,586 | +€5,201 | +13.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €20,300 | €20,300 | = | 0.0% |
| Distributable reserves | 133 | €20,300 | €20,300 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,915 | €3,286 | +€5,201 | |
| Amounts payable | 17/49 | €41,713 | €63,085 | +€21,372 | +51.2% |
| Amounts payable after more than one year | 17 | €24,645 | €24,645 | = | 0.0% |
| Other amounts payable | 178/9 | €24,645 | €24,645 | = | 0.0% |
| Amounts payable within one year | 42/48 | €17,067 | €38,440 | +€21,372 | +125.2% |
| Trade debts | 44 | €197 | €21,989 | +€21,792 | +11082.9% |
| Suppliers | 440/4 | €197 | €21,989 | +€21,792 | +11082.9% |
| Taxes, remuneration and social security | 45 | €620 | €200 | -€420 | -67.8% |
| Taxes | 450/3 | - | €200 | +€200 | |
| Remuneration and social security | 454/9 | €620 | - | -€620 | |
| Other amounts payable | 47/48 | €16,251 | €16,251 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €137,919 | €139,170 | +€1,250 | +0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,086 | €8,860 | -€226 | -2.5% |
| Other operating charges | 640/8 | €537 | €776 | +€239 | +44.5% |
| Gross operating margin | 9900 | €156,511 | €154,662 | -€1,849 | -1.2% |
| Operating profit (loss) | 9901 | €8,969 | €5,856 | -€3,113 | -34.7% |
| Financial income | 75/76B | €32 | - | -€32 | |
| Recurring financial income | 75 | €32 | - | -€32 | |
| Financial charges | 65/66B | €875 | €656 | -€220 | -25.1% |
| Recurring financial charges | 65 | €875 | €656 | -€220 | -25.1% |
| Profit (loss) for the period before taxes | 9903 | €8,125 | €5,201 | -€2,925 | -36.0% |
| Profit (loss) for the period | 9904 | €8,125 | €5,201 | -€2,925 | -36.0% |
| Profit (loss) for the period to be appropriated | 9905 | €8,125 | €5,201 | -€2,925 | -36.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.