M.D.R. CAR: 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.R. CAR
Largest movements
- Receivables within one year +€8,826
up €8,826 (+21.1%), from €41,925 to €50,752
of which Other amounts receivable: +€4,526
- Cash +€3,192
up €3,192 (+42.9%), from €7,437 to €10,628
mainly Net result for the year (+€10,437) and Depreciation (+€1,530)
- Tangible fixed assets -€1,530
down €1,530 (-67.1%), from €2,279 to €749
of which Other tangible fixed assets: -€1,156
- Profit (loss) carried forward +€10,437
up €10,437 (+57.8%), from €18,043 to €28,480
- Gross operating margin +€10,569
up €10,569 (+342%), from €3,093 to €13,662
- Depreciation +€1,530
new in 2025: €1,530
- Financial charges -€177
down €177 (-34.0%), from €519 to €342
- Taxes -€169
down €169 (-26.6%), from €637 to €468
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 | €51,801 | €62,289 | +€10,488 | +20.2% |
| Fixed assets | 21/28 | €2,439 | €909 | -€1,530 | -62.7% |
| Tangible fixed assets | 22/27 | €2,279 | €749 | -€1,530 | -67.1% |
| Furniture and vehicles | 24 | €1,123 | €749 | -€374 | -33.3% |
| Other tangible fixed assets | 26 | €1,156 | - | -€1,156 | |
| Financial fixed assets | 28 | €160 | €160 | = | 0.0% |
| Current assets | 29/58 | €49,362 | €61,380 | +€12,018 | +24.3% |
| Amounts receivable within one year | 40/41 | €41,925 | €50,752 | +€8,826 | +21.1% |
| Trade receivables | 40 | €40,757 | €45,057 | +€4,300 | +10.6% |
| Other amounts receivable | 41 | €1,169 | €5,695 | +€4,526 | +387% |
| Cash at bank and in hand | 54/58 | €7,437 | €10,628 | +€3,192 | +42.9% |
| Total equity and liabilities | 10/49 | €51,801 | €62,289 | +€10,488 | +20.2% |
| Equity | 10/15 | €48,410 | €58,847 | +€10,437 | +21.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €11,775 | €11,775 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €9,916 | €9,916 | = | 0.0% |
| Profit (loss) carried forward | 14 | €18,043 | €28,480 | +€10,437 | +57.8% |
| Amounts payable | 17/49 | €3,391 | €3,442 | +€50 | +1.5% |
| Amounts payable within one year | 42/48 | €3,391 | €3,442 | +€50 | +1.5% |
| Trade debts | 44 | €2,461 | €2,433 | -€28 | -1.1% |
| Suppliers | 440/4 | €2,461 | €2,433 | -€28 | -1.1% |
| Other amounts payable | 47/48 | €930 | €1,009 | +€78 | +8.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,530 | +€1,530 | |
| Other operating charges | 640/8 | €857 | €884 | +€27 | +3.2% |
| Gross operating margin | 9900 | €3,093 | €13,662 | +€10,569 | +342% |
| Operating profit (loss) | 9901 | €2,236 | €11,248 | +€9,012 | +403% |
| Financial charges | 65/66B | €519 | €342 | -€177 | -34.0% |
| Recurring financial charges | 65 | €519 | €342 | -€177 | -34.0% |
| Profit (loss) for the period before taxes | 9903 | €1,717 | €10,905 | +€9,188 | +535% |
| Income taxes | 67/77 | €637 | €468 | -€169 | -26.6% |
| Profit (loss) for the period | 9904 | €1,079 | €10,437 | +€9,358 | +867% |
| Profit (loss) for the period to be appropriated | 9905 | €1,079 | €10,437 | +€9,358 | +867% |
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 31 October 2026 via checked.be.