MD Assurances: 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.
MD Assurances
Largest movements
- Cash +€171,159
up €171,159 (+6,065%), from €2,822 to €173,981
mainly Net result for the year (+€322,569) and Tax, wage and social debts (+€129,444)
- Deferred charges and accrued income +€62,327
up €62,327 (+959%), from €6,498 to €68,825
- Receivables within one year +€52,883
up €52,883 (+21.6%), from €245,124 to €298,007
of which Other amounts receivable: +€77,361
- Current investments -€19,030
down €19,030 (-99.5%), from €19,128 to €97
- Tangible fixed assets -€10,703
down €10,703 (-41.7%), from €25,653 to €14,950
of which Furniture and vehicles: -€9,815
- Profit (loss) carried forward +€322,569
up €322,569, from €0 to €322,569
- Other debts -€131,073
down €131,073 (-99.7%), from €131,512 to €438
- Tax, wage and social debts +€129,444
up €129,444 (+999%), from €12,958 to €142,402
of which Taxes: +€127,417
- Short-term financial debts -€25,131
no longer reported in 2025 (was €25,131)
- Current portion of long-term debt -€14,433
down €14,433 (-50.2%), from €28,739 to €14,305
- Gross operating margin +€430,403
up €430,403 (+226%), from €190,545 to €620,948
- Taxes +€122,097
up €122,097 (+2,295%), from €5,320 to €127,417
- Staff costs -€46,898
down €46,898 (-26.5%), from €176,986 to €130,088
- Other operating charges +€25,848
up €25,848 (+1,638%), from €1,578 to €27,426
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 | €301,543 | €558,160 | +€256,617 | +85.1% |
| Fixed assets | 21/28 | €27,972 | €17,250 | -€10,722 | -38.3% |
| Tangible fixed assets | 22/27 | €25,653 | €14,950 | -€10,703 | -41.7% |
| Furniture and vehicles | 24 | €18,176 | €8,361 | -€9,815 | -54.0% |
| Other tangible fixed assets | 26 | €7,477 | €6,589 | -€888 | -11.9% |
| Financial fixed assets | 28 | €2,319 | €2,300 | -€19 | -0.8% |
| Current assets | 29/58 | €273,572 | €540,910 | +€267,338 | +97.7% |
| Amounts receivable within one year | 40/41 | €245,124 | €298,007 | +€52,883 | +21.6% |
| Trade receivables | 40 | €24,477 | - | -€24,477 | |
| Other amounts receivable | 41 | €220,646 | €298,007 | +€77,361 | +35.1% |
| Current investments | 50/53 | €19,128 | €97 | -€19,030 | -99.5% |
| Cash at bank and in hand | 54/58 | €2,822 | €173,981 | +€171,159 | +6,065% |
| Deferred charges and accrued income | 490/1 | €6,498 | €68,825 | +€62,327 | +959% |
| Total equity and liabilities | 10/49 | €301,543 | €558,160 | +€256,617 | +85.1% |
| Equity | 10/15 | €14,260 | €336,829 | +€322,569 | +2,262% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €322,569 | +€322,569 | |
| Amounts payable | 17/49 | €287,283 | €221,331 | -€65,952 | -23.0% |
| Amounts payable after more than one year | 17 | €60,275 | €45,970 | -€14,305 | -23.7% |
| Financial debts | 170/4 | €60,275 | €45,970 | -€14,305 | -23.7% |
| Amounts payable within one year | 42/48 | €210,008 | €157,761 | -€52,247 | -24.9% |
| Current portion of amounts payable after more than one year | 42 | €28,739 | €14,305 | -€14,433 | -50.2% |
| Financial debts | 43 | €25,131 | - | -€25,131 | |
| Credit institutions | 430/8 | €25,131 | - | -€25,131 | |
| Trade debts | 44 | €11,668 | €615 | -€11,053 | -94.7% |
| Suppliers | 440/4 | €11,668 | €615 | -€11,053 | -94.7% |
| Taxes, remuneration and social security | 45 | €12,958 | €142,402 | +€129,444 | +999% |
| Taxes | 450/3 | - | €127,417 | +€127,417 | |
| Remuneration and social security | 454/9 | €12,958 | €14,985 | +€2,027 | +15.6% |
| Other amounts payable | 47/48 | €131,512 | €438 | -€131,073 | -99.7% |
| Accrued charges and deferred income | 492/3 | €17,000 | €17,600 | +€600 | +3.5% |
| Remuneration, social security and pensions | 62 | €176,986 | €130,088 | -€46,898 | -26.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,305 | €6,395 | -€1,911 | -23.0% |
| Other operating charges | 640/8 | €1,578 | €27,426 | +€25,848 | +1,638% |
| Gross operating margin | 9900 | €190,545 | €620,948 | +€430,403 | +226% |
| Operating profit (loss) | 9901 | €3,675 | €457,039 | +€453,364 | +12,337% |
| Financial income | 75/76B | €254 | €61 | -€193 | -76.0% |
| Recurring financial income | 75 | €254 | €61 | -€193 | -76.0% |
| Financial charges | 65/66B | €3,562 | €7,114 | +€3,551 | +99.7% |
| Recurring financial charges | 65 | €3,562 | €7,114 | +€3,551 | +99.7% |
| Profit (loss) for the period before taxes | 9903 | €367 | €449,986 | +€449,619 | +122,505% |
| Income taxes | 67/77 | €5,320 | €127,417 | +€122,097 | +2,295% |
| Profit (loss) for the period | 9904 | -€4,953 | €322,569 | +€327,522 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,953 | €322,569 | +€327,522 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.