M-DOGAN TEC: 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-DOGAN TEC
Largest movements
- Receivables within one year -€21,031
down €21,031 (-24.4%), from €86,223 to €65,192
of which Trade receivables: -€13,540
- Cash +€17,415
up €17,415 (+1447.1%), from €1,203 to €18,618
mainly Trade debts (+€52,817) and Receivables within one year (+€21,031)
- Deferred charges and accrued income +€15,589
up €15,589 (+262.1%), from €5,948 to €21,537
- Tangible fixed assets +€6,920
up €6,920 (+63.4%), from €10,909 to €17,829
of which Furniture and vehicles: +€7,220
- Trade debts +€52,817
up €52,817 (+443.6%), from €11,906 to €64,724
- Other debts -€19,386
down €19,386 (-98.1%), from €19,767 to €382
- Tax, wage and social debts -€14,759
down €14,759 (-92.8%), from €15,898 to €1,139
of which Taxes: -€12,459
- Gross operating margin -€32,672
down €32,672 (-48.9%), from €66,854 to €34,181
- Taxes +€5,618
up €5,618 (+46.2%), from €12,147 to €17,765
- Financial charges +€2,628
up €2,628 (+93.7%), from €2,804 to €5,432
- Depreciation +€1,667
up €1,667 (+31.2%), from €5,336 to €7,003
- Other operating charges +€846
up €846 (+28.9%), from €2,928 to €3,774
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 | €104,284 | €123,176 | +€18,892 | +18.1% |
| Fixed assets | 21/28 | €10,909 | €17,829 | +€6,920 | +63.4% |
| Tangible fixed assets | 22/27 | €10,909 | €17,829 | +€6,920 | +63.4% |
| Plant, machinery and equipment | 23 | €511 | €211 | -€300 | -58.7% |
| Furniture and vehicles | 24 | €10,398 | €17,618 | +€7,220 | +69.4% |
| Current assets | 29/58 | €93,374 | €105,347 | +€11,972 | +12.8% |
| Amounts receivable within one year | 40/41 | €86,223 | €65,192 | -€21,031 | -24.4% |
| Trade receivables | 40 | €68,082 | €54,542 | -€13,540 | -19.9% |
| Other amounts receivable | 41 | €18,142 | €10,650 | -€7,492 | -41.3% |
| Cash at bank and in hand | 54/58 | €1,203 | €18,618 | +€17,415 | +1447.1% |
| Deferred charges and accrued income | 490/1 | €5,948 | €21,537 | +€15,589 | +262.1% |
| Total equity and liabilities | 10/49 | €104,284 | €123,176 | +€18,892 | +18.1% |
| Equity | 10/15 | €56,365 | €56,572 | +€207 | +0.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €37,765 | €37,972 | +€207 | +0.5% |
| Distributable reserves | 133 | €37,765 | €37,972 | +€207 | +0.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €47,919 | €66,604 | +€18,685 | +39.0% |
| Amounts payable within one year | 42/48 | €47,572 | €66,258 | +€18,686 | +39.3% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €11,906 | €64,724 | +€52,817 | +443.6% |
| Suppliers | 440/4 | €11,906 | €64,724 | +€52,817 | +443.6% |
| Advances received on contracts in progress | 46 | - | €13 | +€13 | |
| Taxes, remuneration and social security | 45 | €15,898 | €1,139 | -€14,759 | -92.8% |
| Taxes | 450/3 | €13,476 | €1,016 | -€12,459 | -92.5% |
| Remuneration and social security | 454/9 | €2,423 | €123 | -€2,300 | -94.9% |
| Other amounts payable | 47/48 | €19,767 | €382 | -€19,386 | -98.1% |
| Accrued charges and deferred income | 492/3 | €347 | €346 | -€1 | -0.2% |
| Non-recurring operating income | 76A | - | €4,231 | +€4,231 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,336 | €7,003 | +€1,667 | +31.2% |
| Other operating charges | 640/8 | €2,928 | €3,774 | +€846 | +28.9% |
| Gross operating margin | 9900 | €66,854 | €34,181 | -€32,672 | -48.9% |
| Operating profit (loss) | 9901 | €58,590 | €23,404 | -€35,186 | -60.1% |
| Financial income | 75/76B | €627 | €0 | -€627 | -100.0% |
| Recurring financial income | 75 | €627 | €0 | -€627 | -100.0% |
| Financial charges | 65/66B | €2,804 | €5,432 | +€2,628 | +93.7% |
| Recurring financial charges | 65 | €2,804 | €5,432 | +€2,628 | +93.7% |
| Profit (loss) for the period before taxes | 9903 | €56,414 | €17,973 | -€38,441 | -68.1% |
| Income taxes | 67/77 | €12,147 | €17,765 | +€5,618 | +46.2% |
| Profit (loss) for the period | 9904 | €44,266 | €207 | -€44,059 | -99.5% |
| Profit (loss) for the period to be appropriated | 9905 | €44,266 | €207 | -€44,059 | -99.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.