M.D.S. 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.S. MANAGEMENT
Largest movements
- Tangible fixed assets -€12,968
down €12,968 (-53.0%), from €24,445 to €11,477
of which Land and buildings: -€11,665
- Cash +€4,173
up €4,173 (+5,599%), from €75 to €4,247
mainly Depreciation (+€12,968) and Net result for the year (+€3,093)
- Other debts -€6,936
down €6,936 (-4.4%), from €156,183 to €149,246
- Debts after one year -€4,402
down €4,402 (-100%), from €4,402 to €0
- Profit (loss) carried forward +€3,093
up €3,093 (+21.8%), from -€14,189 to -€11,096
- Gross operating margin +€17,192
up €17,192 (+794%), from €2,165 to €19,358
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 | €298,663 | €289,101 | -€9,562 | -3.2% |
| Fixed assets | 21/28 | €269,445 | €256,477 | -€12,968 | -4.8% |
| Tangible fixed assets | 22/27 | €24,445 | €11,477 | -€12,968 | -53.0% |
| Land and buildings | 22 | €16,005 | €4,340 | -€11,665 | -72.9% |
| Plant, machinery and equipment | 23 | €8,440 | €7,138 | -€1,303 | -15.4% |
| Financial fixed assets | 28 | €245,000 | €245,000 | = | 0.0% |
| Current assets | 29/58 | €29,218 | €32,624 | +€3,406 | +11.7% |
| Stocks and contracts in progress | 3 | €27,437 | €27,437 | = | 0.0% |
| Stocks | 30/36 | €27,437 | €27,437 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €1,640 | €869 | -€771 | -47.0% |
| Trade receivables | 40 | €1,640 | €869 | -€771 | -47.0% |
| Cash at bank and in hand | 54/58 | €75 | €4,247 | +€4,173 | +5,599% |
| Deferred charges and accrued income | 490/1 | €68 | €71 | +€4 | +5.2% |
| Total equity and liabilities | 10/49 | €298,663 | €289,101 | -€9,562 | -3.2% |
| Equity | 10/15 | €131,929 | €135,022 | +€3,093 | +2.3% |
| Contributions | 10/11 | €68,600 | €68,600 | = | 0.0% |
| Reserves | 13 | €77,518 | €77,518 | = | 0.0% |
| Distributable reserves | 133 | €77,518 | €77,518 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€14,189 | -€11,096 | +€3,093 | +21.8% |
| Amounts payable | 17/49 | €166,735 | €154,079 | -€12,655 | -7.6% |
| Amounts payable after more than one year | 17 | €4,402 | €0 | -€4,402 | -100% |
| Financial debts | 170/4 | €4,402 | €0 | -€4,402 | -100% |
| Amounts payable within one year | 42/48 | €162,333 | €154,079 | -€8,254 | -5.1% |
| Current portion of amounts payable after more than one year | 42 | €5,665 | €4,402 | -€1,263 | -22.3% |
| Trade debts | 44 | €376 | €119 | -€258 | -68.5% |
| Suppliers | 440/4 | €376 | €119 | -€258 | -68.5% |
| Taxes, remuneration and social security | 45 | €110 | €313 | +€203 | +186% |
| Taxes | 450/3 | €110 | €313 | +€203 | +186% |
| Other amounts payable | 47/48 | €156,183 | €149,246 | -€6,936 | -4.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,968 | €12,968 | +€0 | 0.0% |
| Other operating charges | 640/8 | €2,697 | €2,780 | +€83 | +3.1% |
| Gross operating margin | 9900 | €2,165 | €19,358 | +€17,192 | +794% |
| Operating profit (loss) | 9901 | -€13,499 | €3,610 | +€17,109 | |
| Financial income | 75/76B | €0 | €1 | +€1 | |
| Recurring financial income | 75 | €0 | €1 | +€1 | |
| Financial charges | 65/66B | €690 | €518 | -€173 | -25.0% |
| Recurring financial charges | 65 | €690 | €518 | -€173 | -25.0% |
| Profit (loss) for the period before taxes | 9903 | -€14,189 | €3,093 | +€17,283 | |
| Profit (loss) for the period | 9904 | -€14,189 | €3,093 | +€17,283 | |
| Profit (loss) for the period to be appropriated | 9905 | -€14,189 | €3,093 | +€17,283 |
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 16 October 2026 via checked.be.