MBDK: 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.
MBDK
Largest movements
- Receivables within one year +€147,792
up €147,792 (+47.5%), from €311,352 to €459,144
of which Other amounts receivable: +€121,292
- Cash +€116,354
up €116,354 (+185.6%), from €62,694 to €179,048
mainly Net result for the year (+€225,341) and Trade debts (+€98,746)
- Tangible fixed assets +€22,479
up €22,479 (+98.6%), from €22,803 to €45,281
of which Furniture and vehicles: +€27,184
- Profit (loss) carried forward +€225,341
up €225,341 (+68.3%), from €329,699 to €555,041
- Trade debts +€98,746
up €98,746 (+2474.3%), from €3,991 to €102,737
- Tax, wage and social debts -€34,966
down €34,966 (-33.5%), from €104,300 to €69,334
- Gross operating margin -€138,417
down €138,417 (-32.3%), from €427,963 to €289,546
- Taxes -€35,001
down €35,001 (-33.6%), from €104,300 to €69,299
- Depreciation +€8,682
up €8,682 (+1200.9%), from €723 to €9,405
- Financial income +€7,283
up €7,283 (+91.7%), from €7,940 to €15,224
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 | €442,990 | €733,951 | +€290,961 | +65.7% |
| Fixed assets | 21/28 | €22,803 | €45,281 | +€22,479 | +98.6% |
| Tangible fixed assets | 22/27 | €22,803 | €45,281 | +€22,479 | +98.6% |
| Plant, machinery and equipment | 23 | €22,803 | €18,098 | -€4,705 | -20.6% |
| Furniture and vehicles | 24 | - | €27,184 | +€27,184 | |
| Current assets | 29/58 | €420,188 | €688,669 | +€268,482 | +63.9% |
| Amounts receivable within one year | 40/41 | €311,352 | €459,144 | +€147,792 | +47.5% |
| Trade receivables | 40 | - | €26,500 | +€26,500 | |
| Other amounts receivable | 41 | €311,352 | €432,644 | +€121,292 | +39.0% |
| Cash at bank and in hand | 54/58 | €62,694 | €179,048 | +€116,354 | +185.6% |
| Deferred charges and accrued income | 490/1 | €46,142 | €50,477 | +€4,335 | +9.4% |
| Total equity and liabilities | 10/49 | €442,990 | €733,951 | +€290,961 | +65.7% |
| Equity | 10/15 | €334,699 | €560,041 | +€225,341 | +67.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €329,699 | €555,041 | +€225,341 | +68.3% |
| Amounts payable | 17/49 | €108,291 | €173,910 | +€65,619 | +60.6% |
| Amounts payable within one year | 42/48 | €108,291 | €172,070 | +€63,779 | +58.9% |
| Trade debts | 44 | €3,991 | €102,737 | +€98,746 | +2474.3% |
| Suppliers | 440/4 | €3,991 | €102,737 | +€98,746 | +2474.3% |
| Taxes, remuneration and social security | 45 | €104,300 | €69,334 | -€34,966 | -33.5% |
| Taxes | 450/3 | €104,300 | €69,334 | -€34,966 | -33.5% |
| Accrued charges and deferred income | 492/3 | - | €1,840 | +€1,840 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €723 | €9,405 | +€8,682 | +1200.9% |
| Other operating charges | 640/8 | €1,155 | €465 | -€690 | -59.7% |
| Gross operating margin | 9900 | €427,963 | €289,546 | -€138,417 | -32.3% |
| Operating profit (loss) | 9901 | €426,084 | €279,676 | -€146,408 | -34.4% |
| Financial income | 75/76B | €7,940 | €15,224 | +€7,283 | +91.7% |
| Recurring financial income | 75 | €7,940 | €15,224 | +€7,283 | +91.7% |
| Financial charges | 65/66B | €25 | €260 | +€234 | +922.8% |
| Recurring financial charges | 65 | €25 | €260 | +€234 | +922.8% |
| Profit (loss) for the period before taxes | 9903 | €433,999 | €294,640 | -€139,359 | -32.1% |
| Income taxes | 67/77 | €104,300 | €69,299 | -€35,001 | -33.6% |
| Profit (loss) for the period | 9904 | €329,699 | €225,341 | -€104,358 | -31.7% |
| Profit (loss) for the period to be appropriated | 9905 | €329,699 | €225,341 | -€104,358 | -31.7% |
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 29 September 2026 via checked.be.