MD²: 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.
MD²
Largest movements
- Cash +€18,967
up €18,967 (+14.3%), from €132,723 to €151,690
mainly Net result for the year (+€100,335) and Other debts (+€27,162)
- Receivables within one year +€5,130
up €5,130 (+31.5%), from €16,296 to €21,426
- Tangible fixed assets +€3,428
up €3,428 (+846.1%), from €405 to €3,834
- Other debts +€27,162
up €27,162 (+37.1%), from €73,173 to €100,335
- Gross operating margin +€21,838
up €21,838 (+19.7%), from €110,940 to €132,778
- Taxes +€6,261
up €6,261 (+25.9%), from €24,169 to €30,430
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €251,433 | €281,359 | +€29,925 | +11.9% |
| Fixed assets | 21/28 | €405 | €3,834 | +€3,428 | +846.1% |
| Tangible fixed assets | 22/27 | €405 | €3,834 | +€3,428 | +846.1% |
| Plant, machinery and equipment | 23 | €405 | €3,834 | +€3,428 | +846.1% |
| Current assets | 29/58 | €251,028 | €277,525 | +€26,497 | +10.6% |
| Amounts receivable within one year | 40/41 | €16,296 | €21,426 | +€5,130 | +31.5% |
| Other amounts receivable | 41 | €16,296 | €21,426 | +€5,130 | +31.5% |
| Current investments | 50/53 | €100,000 | €102,250 | +€2,250 | +2.2% |
| Cash at bank and in hand | 54/58 | €132,723 | €151,690 | +€18,967 | +14.3% |
| Deferred charges and accrued income | 490/1 | €2,009 | €2,159 | +€150 | +7.5% |
| Total equity and liabilities | 10/49 | €251,433 | €281,359 | +€29,925 | +11.9% |
| Equity | 10/15 | €177,409 | €177,409 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €158,809 | €158,809 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €156,949 | €156,949 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €74,024 | €103,950 | +€29,925 | +40.4% |
| Amounts payable within one year | 42/48 | €73,864 | €103,630 | +€29,765 | +40.3% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €691 | €3,295 | +€2,604 | +376.8% |
| Suppliers | 440/4 | €691 | €3,295 | +€2,604 | +376.8% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €73,173 | €100,335 | +€27,162 | +37.1% |
| Accrued charges and deferred income | 492/3 | €160 | €320 | +€160 | +100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,339 | €1,281 | -€1,058 | -45.2% |
| Other operating charges | 640/8 | €651 | €661 | +€10 | +1.6% |
| Gross operating margin | 9900 | €110,940 | €132,778 | +€21,838 | +19.7% |
| Operating profit (loss) | 9901 | €107,951 | €130,836 | +€22,885 | +21.2% |
| Financial income | 75/76B | €0 | €585 | +€585 | |
| Recurring financial income | 75 | €0 | €585 | +€585 | |
| Financial charges | 65/66B | €617 | €656 | +€39 | +6.3% |
| Recurring financial charges | 65 | €617 | €656 | +€39 | +6.3% |
| Profit (loss) for the period before taxes | 9903 | €107,334 | €130,765 | +€23,431 | +21.8% |
| Income taxes | 67/77 | €24,169 | €30,430 | +€6,261 | +25.9% |
| Profit (loss) for the period | 9904 | €83,165 | €100,335 | +€17,170 | +20.6% |
| Profit (loss) for the period to be appropriated | 9905 | €83,165 | €100,335 | +€17,170 | +20.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.