M.D. PRODUCTIONS: 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. PRODUCTIONS
Largest movements
- Receivables within one year -€14,049
down €14,049 (-48.4%), from €29,019 to €14,970
of which Trade receivables: -€12,883
- Cash +€9,441
up €9,441 (+13.8%), from €68,193 to €77,634
mainly Net result for the year (+€15,859) and Receivables within one year (+€14,049)
- Tangible fixed assets -€7,307
down €7,307 (-26.6%), from €27,434 to €20,126
of which Furniture and vehicles: -€7,877
- Stocks and contracts -€6,890
down €6,890 (-61.5%), from €11,210 to €4,320
- Deferred charges and accrued income +€1,981
up €1,981 (+58.2%), from €3,403 to €5,384
- Trade debts -€12,918
down €12,918 (-81.3%), from €15,887 to €2,969
- Tax, wage and social debts +€6,579
up €6,579 (+78.8%), from €8,351 to €14,930
- Reserves -€5,194
down €5,194 (-6.8%), from €75,975 to €70,782
of which Distributable reserves: -€5,194
- Other debts -€3,971
down €3,971 (-98.6%), from €4,029 to €58
- Depreciation -€11,090
down €11,090 (-55.1%), from €20,127 to €9,037
- Gross operating margin +€9,508
up €9,508 (+32.1%), from €29,627 to €39,135
- Taxes +€6,136
up €6,136 (+383%), from €1,602 to €7,738
- Financial charges +€782
up €782 (+48.1%), from €1,627 to €2,408
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 | €139,259 | €122,435 | -€16,824 | -12.1% |
| Fixed assets | 21/28 | €27,434 | €20,126 | -€7,307 | -26.6% |
| Tangible fixed assets | 22/27 | €27,434 | €20,126 | -€7,307 | -26.6% |
| Plant, machinery and equipment | 23 | €383 | €952 | +€570 | +149% |
| Furniture and vehicles | 24 | €27,051 | €19,174 | -€7,877 | -29.1% |
| Current assets | 29/58 | €111,825 | €102,309 | -€9,517 | -8.5% |
| Stocks and contracts in progress | 3 | €11,210 | €4,320 | -€6,890 | -61.5% |
| Stocks | 30/36 | €11,210 | €4,320 | -€6,890 | -61.5% |
| Amounts receivable within one year | 40/41 | €29,019 | €14,970 | -€14,049 | -48.4% |
| Trade receivables | 40 | €21,130 | €8,247 | -€12,883 | -61.0% |
| Other amounts receivable | 41 | €7,889 | €6,723 | -€1,166 | -14.8% |
| Cash at bank and in hand | 54/58 | €68,193 | €77,634 | +€9,441 | +13.8% |
| Deferred charges and accrued income | 490/1 | €3,403 | €5,384 | +€1,981 | +58.2% |
| Total equity and liabilities | 10/49 | €139,259 | €122,435 | -€16,824 | -12.1% |
| Equity | 10/15 | €108,672 | €103,478 | -€5,194 | -4.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €75,975 | €70,782 | -€5,194 | -6.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €55,365 | €50,172 | -€5,194 | -9.4% |
| Profit (loss) carried forward | 14 | €14,096 | €14,096 | = | 0.0% |
| Amounts payable | 17/49 | €30,587 | €18,957 | -€11,630 | -38.0% |
| Amounts payable within one year | 42/48 | €29,280 | €18,957 | -€10,323 | -35.3% |
| Financial debts | 43 | €1,013 | €1,000 | -€13 | -1.3% |
| Credit institutions | 430/8 | €1,013 | €1,000 | -€13 | -1.3% |
| Trade debts | 44 | €15,887 | €2,969 | -€12,918 | -81.3% |
| Suppliers | 440/4 | €15,887 | €2,969 | -€12,918 | -81.3% |
| Taxes, remuneration and social security | 45 | €8,351 | €14,930 | +€6,579 | +78.8% |
| Taxes | 450/3 | €8,351 | €14,930 | +€6,579 | +78.8% |
| Other amounts payable | 47/48 | €4,029 | €58 | -€3,971 | -98.6% |
| Accrued charges and deferred income | 492/3 | €1,307 | - | -€1,307 | |
| Non-recurring operating income | 76A | - | €21,118 | +€21,118 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,127 | €9,037 | -€11,090 | -55.1% |
| Other operating charges | 640/8 | €971 | €1,297 | +€326 | +33.6% |
| Non-recurring operating charges | 66A | €3,510 | €3,052 | -€458 | -13.0% |
| Gross operating margin | 9900 | €29,627 | €39,135 | +€9,508 | +32.1% |
| Operating profit (loss) | 9901 | €5,019 | €25,749 | +€20,730 | +413% |
| Financial income | 75/76B | €215 | €257 | +€42 | +19.5% |
| Recurring financial income | 75 | €215 | €257 | +€42 | +19.5% |
| Financial charges | 65/66B | €1,627 | €2,408 | +€782 | +48.1% |
| Recurring financial charges | 65 | €1,627 | €2,408 | +€782 | +48.1% |
| Profit (loss) for the period before taxes | 9903 | €3,607 | €23,597 | +€19,990 | +554% |
| Income taxes | 67/77 | €1,602 | €7,738 | +€6,136 | +383% |
| Profit (loss) for the period | 9904 | €2,005 | €15,859 | +€13,854 | +691% |
| Profit (loss) for the period to be appropriated | 9905 | €2,005 | €15,859 | +€13,854 | +691% |
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 27 October 2026 via checked.be.