MD AUTOMATION: 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 AUTOMATION
Largest movements
- Receivables within one year +€223,299
up €223,299 (+198%), from €112,825 to €336,123
of which Trade receivables: +€232,133
- Cash +€70,218
up €70,218 (+27.1%), from €259,117 to €329,335
mainly Net result for the year (+€413,868) and Other debts (+€240,000)
- Stocks and contracts -€7,787
down €7,787 (-20.3%), from €38,290 to €30,503
of which Contracts in progress: -€17,796
- Other debts +€240,000
up €240,000 (+160%), from €150,000 to €390,000
- Trade debts +€30,616
up €30,616 (+36.0%), from €85,104 to €115,720
- Reserves +€23,868
up €23,868 (+20.1%), from €118,868 to €142,736
- Tax, wage and social debts -€9,111
down €9,111 (-85.9%), from €10,606 to €1,496
of which Taxes: -€10,556
- Gross operating margin +€218,956
up €218,956 (+106%), from €206,898 to €425,855
- Taxes -€4,500
down €4,500 (-42.4%), from €10,606 to €6,107
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 | €424,578 | €709,951 | +€285,373 | +67.2% |
| Fixed assets | 21/28 | €14,347 | €13,449 | -€897 | -6.3% |
| Tangible fixed assets | 22/27 | €12,007 | €11,109 | -€897 | -7.5% |
| Plant, machinery and equipment | 23 | €2,900 | €2,283 | -€617 | -21.3% |
| Furniture and vehicles | 24 | €1,228 | €2,964 | +€1,736 | +141% |
| Other tangible fixed assets | 26 | €7,878 | €5,862 | -€2,017 | -25.6% |
| Financial fixed assets | 28 | €2,340 | €2,340 | = | 0.0% |
| Current assets | 29/58 | €410,232 | €696,502 | +€286,270 | +69.8% |
| Stocks and contracts in progress | 3 | €38,290 | €30,503 | -€7,787 | -20.3% |
| Stocks | 30/36 | €3,435 | €13,443 | +€10,008 | +291% |
| Contracts in progress | 37 | €34,855 | €17,059 | -€17,796 | -51.1% |
| Amounts receivable within one year | 40/41 | €112,825 | €336,123 | +€223,299 | +198% |
| Trade receivables | 40 | €98,466 | €330,600 | +€232,133 | +236% |
| Other amounts receivable | 41 | €14,358 | €5,524 | -€8,834 | -61.5% |
| Cash at bank and in hand | 54/58 | €259,117 | €329,335 | +€70,218 | +27.1% |
| Deferred charges and accrued income | 490/1 | - | €541 | +€541 | |
| Total equity and liabilities | 10/49 | €424,578 | €709,951 | +€285,373 | +67.2% |
| Equity | 10/15 | €178,868 | €202,736 | +€23,868 | +13.3% |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Reserves | 13 | €118,868 | €142,736 | +€23,868 | +20.1% |
| Distributable reserves | 133 | €118,868 | €142,736 | +€23,868 | +20.1% |
| Amounts payable | 17/49 | €245,711 | €507,216 | +€261,505 | +106% |
| Amounts payable within one year | 42/48 | €245,711 | €507,216 | +€261,505 | +106% |
| Trade debts | 44 | €85,104 | €115,720 | +€30,616 | +36.0% |
| Suppliers | 440/4 | €85,104 | €115,720 | +€30,616 | +36.0% |
| Taxes, remuneration and social security | 45 | €10,606 | €1,496 | -€9,111 | -85.9% |
| Taxes | 450/3 | €10,606 | €50 | -€10,556 | -99.5% |
| Remuneration and social security | 454/9 | - | €1,446 | +€1,446 | |
| Other amounts payable | 47/48 | €150,000 | €390,000 | +€240,000 | +160% |
| Remuneration, social security and pensions | 62 | - | €2,325 | +€2,325 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,730 | €3,243 | +€512 | +18.8% |
| Other operating charges | 640/8 | €840 | €17 | -€823 | -97.9% |
| Gross operating margin | 9900 | €206,898 | €425,855 | +€218,956 | +106% |
| Operating profit (loss) | 9901 | €203,328 | €420,270 | +€216,942 | +107% |
| Financial income | 75/76B | €367 | €2 | -€364 | -99.4% |
| Recurring financial income | 75 | €367 | €2 | -€364 | -99.4% |
| Financial charges | 65/66B | €709 | €298 | -€412 | -58.1% |
| Recurring financial charges | 65 | €709 | €298 | -€412 | -58.1% |
| Profit (loss) for the period before taxes | 9903 | €202,985 | €419,974 | +€216,989 | +107% |
| Income taxes | 67/77 | €10,606 | €6,107 | -€4,500 | -42.4% |
| Profit (loss) for the period | 9904 | €192,379 | €413,868 | +€221,489 | +115% |
| Profit (loss) for the period to be appropriated | 9905 | €192,379 | €413,868 | +€221,489 | +115% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.