MD AMENAGEMENT: what changed
What changed
MD AMENAGEMENT
NACE 16.110, Sawmilling and planing of wood
filed annual accounts (NBB)
Net result for the year
€11,577
2024 · -€11,913+€23,490
Equity
€25,657
2024 · €14,081+€11,577
Cash
€165
2024 · €46+€119
Balance sheet total
€226,042
2024 · €295,875-€69,833
Largest movements
Assets
- Receivables within one year -€50,706
down €50,706 (-35.1%), from €144,485 to €93,779
of which Trade receivables: -€47,555
- Tangible fixed assets -€17,404
down €17,404 (-20.9%), from €83,112 to €65,708
of which Leasing and similar rights: -€9,795
- Intangible fixed assets -€9,727
down €9,727 (-14.8%), from €65,931 to €56,205
- Deferred charges and accrued income +€7,885
up €7,885 (+583%), from €1,352 to €9,236
Equity and liabilities
- Advances received -€69,429
no longer reported in 2025 (was €69,429)
- Debts after one year -€16,313
down €16,313 (-36.9%), from €44,163 to €27,849
- Profit (loss) carried forward +€11,577
up €11,577 (+104%), from €11,081 to €22,657
- Other debts -€6,224
down €6,224 (-8.9%), from €69,989 to €63,765
- Tax, wage and social debts +€5,622
up €5,622 (+78.4%), from €7,171 to €12,793
of which Taxes: +€4,615
Income statement
- Turnover +€231,759
up €231,759 (+69.6%), from €332,976 to €564,735
- Purchases and services +€219,120
up €219,120 (+80.1%), from €273,599 to €492,719
- Gross operating margin +€27,390
up €27,390 (+42.7%), from €64,211 to €91,601
- Taxes -€8,356
no longer reported in 2025 (was €8,356)
- Staff costs +€7,472
up €7,472 (+26.5%), from €28,182 to €35,654
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€11,913
Gross operating margin
+€27,390
Staff costs
-€7,472
Depreciation
-€5,194
Other operating charges
+€2,483
Financial income
+€1
Financial charges
-€2,074
Taxes
+€8,356
Result 2025
€11,577
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€22,145
Investment
-€8,001
Financing
-€14,025
Cash 2024
€46
From operations (derived)
+€22,145
Net result for the year
+€11,577
Depreciation
+€35,132
Receivables within one year
+€50,706
Deferred charges and accrued income
-€7,885
Trade debts
+€1,147
Tax, wage and social debts
+€5,622
Advances received
-€69,429
Other debts
-€6,224
Accrued charges and deferred income
+€1,500
Investment (derived)
-€8,001
Investment in fixed assets (net)
-€8,001
Financing
-€14,025
Debts after one year
-€16,313
Current portion of long-term debt
+€2,192
Short-term financial debts
+€96
Cash 2025
€165
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €295,875 | €226,042 | -€69,833 | -23.6% |
| Fixed assets | 21/28 | €149,993 | €122,862 | -€27,131 | -18.1% |
| Intangible fixed assets | 21 | €65,931 | €56,205 | -€9,727 | -14.8% |
| Tangible fixed assets | 22/27 | €83,112 | €65,708 | -€17,404 | -20.9% |
| Plant, machinery and equipment | 23 | €18,517 | €17,665 | -€852 | -4.6% |
| Furniture and vehicles | 24 | €22,223 | €15,465 | -€6,758 | -30.4% |
| Leasing and similar rights | 25 | €42,372 | €32,577 | -€9,795 | -23.1% |
| Financial fixed assets | 28 | €950 | €950 | = | 0.0% |
| Current assets | 29/58 | €145,882 | €103,180 | -€42,702 | -29.3% |
| Amounts receivable within one year | 40/41 | €144,485 | €93,779 | -€50,706 | -35.1% |
| Trade receivables | 40 | €134,189 | €86,634 | -€47,555 | -35.4% |
| Other amounts receivable | 41 | €10,296 | €7,145 | -€3,151 | -30.6% |
| Cash at bank and in hand | 54/58 | €46 | €165 | +€119 | +261% |
| Deferred charges and accrued income | 490/1 | €1,352 | €9,236 | +€7,885 | +583% |
| Total equity and liabilities | 10/49 | €295,875 | €226,042 | -€69,833 | -23.6% |
| Equity | 10/15 | €14,081 | €25,657 | +€11,577 | +82.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,081 | €22,657 | +€11,577 | +104% |
| Amounts payable | 17/49 | €281,795 | €200,385 | -€81,410 | -28.9% |
| Amounts payable after more than one year | 17 | €44,163 | €27,849 | -€16,313 | -36.9% |
| Financial debts | 170/4 | €44,163 | €27,849 | -€16,313 | -36.9% |
| Amounts payable within one year | 42/48 | €237,632 | €171,035 | -€66,597 | -28.0% |
| Current portion of amounts payable after more than one year | 42 | €13,882 | €16,075 | +€2,192 | +15.8% |
| Financial debts | 43 | €33 | €129 | +€96 | +295% |
| Credit institutions | 430/8 | €33 | €129 | +€96 | +295% |
| Trade debts | 44 | €77,127 | €78,274 | +€1,147 | +1.5% |
| Suppliers | 440/4 | €77,127 | €78,274 | +€1,147 | +1.5% |
| Advances received on contracts in progress | 46 | €69,429 | - | -€69,429 | |
| Taxes, remuneration and social security | 45 | €7,171 | €12,793 | +€5,622 | +78.4% |
| Taxes | 450/3 | €6,850 | €11,466 | +€4,615 | +67.4% |
| Remuneration and social security | 454/9 | €321 | €1,327 | +€1,006 | +313% |
| Other amounts payable | 47/48 | €69,989 | €63,765 | -€6,224 | -8.9% |
| Accrued charges and deferred income | 492/3 | - | €1,500 | +€1,500 | |
| Turnover | 70 | €332,976 | €564,735 | +€231,759 | +69.6% |
| Non-recurring operating income | 76A | €648 | €1,275 | +€627 | +96.8% |
| Goods, raw materials, services and sundry goods | 60/61 | €273,599 | €492,719 | +€219,120 | +80.1% |
| Remuneration, social security and pensions | 62 | €28,182 | €35,654 | +€7,472 | +26.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,938 | €35,132 | +€5,194 | +17.4% |
| Other operating charges | 640/8 | €3,453 | €970 | -€2,483 | -71.9% |
| Gross operating margin | 9900 | €64,211 | €91,601 | +€27,390 | +42.7% |
| Operating profit (loss) | 9901 | €2,638 | €19,845 | +€17,206 | +652% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €6,195 | €8,269 | +€2,074 | +33.5% |
| Recurring financial charges | 65 | €6,195 | €8,269 | +€2,074 | +33.5% |
| Profit (loss) for the period before taxes | 9903 | -€3,557 | €11,577 | +€15,134 | |
| Income taxes | 67/77 | €8,356 | - | -€8,356 | |
| Profit (loss) for the period | 9904 | -€11,913 | €11,577 | +€23,490 | |
| Profit (loss) for the period to be appropriated | 9905 | -€11,913 | €11,577 | +€23,490 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.