MD-AUTOMOBILE: 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-AUTOMOBILE
Largest movements
- Stocks and contracts +€52,594
up €52,594 (+51.5%), from €102,206 to €154,800
- Cash -€36,099
no longer reported in 2025 (was €36,099)
mainly Stocks and contracts (-€52,594) and Short-term financial debts (-€35,110)
- Deferred charges and accrued income +€4,665
new in 2025: €4,665
- Receivables after one year -€2,144
no longer reported in 2025 (was €2,144)
- Debts after one year +€36,373
up €36,373 (+72.5%), from €50,170 to €86,543
- Short-term financial debts -€35,110
down €35,110 (-65.3%), from €53,726 to €18,616
- Profit (loss) carried forward +€32,863
up €32,863, from -€28,462 to €4,401
- Tax, wage and social debts -€17,230
down €17,230 (-60.6%), from €28,438 to €11,208
of which Remuneration and social security: -€10,426
- Current portion of long-term debt +€11,946
up €11,946 (+109%), from €10,929 to €22,875
- Gross operating margin +€76,299
up €76,299, from -€5,034 to €71,265
- Staff costs -€50,499
down €50,499 (-75.0%), from €67,347 to €16,848
- Financial charges +€4,574
up €4,574 (+41.7%), from €10,979 to €15,553
- Other operating charges +€3,467
up €3,467 (+485%), from €714 to €4,181
- Depreciation -€1,030
down €1,030 (-38.1%), from €2,706 to €1,676
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 | €143,706 | €162,047 | +€18,340 | +12.8% |
| Fixed assets | 21/28 | €3,258 | €2,582 | -€676 | -20.8% |
| Tangible fixed assets | 22/27 | €3,258 | €2,582 | -€676 | -20.8% |
| Plant, machinery and equipment | 23 | €1,258 | €91 | -€1,167 | -92.7% |
| Furniture and vehicles | 24 | €2,000 | €2,490 | +€490 | +24.5% |
| Current assets | 29/58 | €140,448 | €159,465 | +€19,016 | +13.5% |
| Amounts receivable after more than one year | 29 | €2,144 | - | -€2,144 | |
| Other amounts receivable | 291 | €2,144 | - | -€2,144 | |
| Stocks and contracts in progress | 3 | €102,206 | €154,800 | +€52,594 | +51.5% |
| Stocks | 30/36 | €102,206 | €154,800 | +€52,594 | +51.5% |
| Cash at bank and in hand | 54/58 | €36,099 | - | -€36,099 | |
| Deferred charges and accrued income | 490/1 | - | €4,665 | +€4,665 | |
| Total equity and liabilities | 10/49 | €143,706 | €162,047 | +€18,340 | +12.8% |
| Equity | 10/15 | -€25,462 | €7,401 | +€32,863 | |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€28,462 | €4,401 | +€32,863 | |
| Amounts payable | 17/49 | €169,169 | €154,646 | -€14,523 | -8.6% |
| Amounts payable after more than one year | 17 | €50,170 | €86,543 | +€36,373 | +72.5% |
| Financial debts | 170/4 | €50,170 | €86,543 | +€36,373 | +72.5% |
| Amounts payable within one year | 42/48 | €118,999 | €67,903 | -€51,096 | -42.9% |
| Current portion of amounts payable after more than one year | 42 | €10,929 | €22,875 | +€11,946 | +109% |
| Financial debts | 43 | €53,726 | €18,616 | -€35,110 | -65.3% |
| Credit institutions | 430/8 | €53,726 | €18,616 | -€35,110 | -65.3% |
| Trade debts | 44 | €25,906 | €14,870 | -€11,037 | -42.6% |
| Suppliers | 440/4 | €25,906 | €14,870 | -€11,037 | -42.6% |
| Taxes, remuneration and social security | 45 | €28,438 | €11,208 | -€17,230 | -60.6% |
| Taxes | 450/3 | €16,815 | €10,011 | -€6,804 | -40.5% |
| Remuneration and social security | 454/9 | €11,623 | €1,198 | -€10,426 | -89.7% |
| Other amounts payable | 47/48 | - | €335 | +€335 | |
| Accrued charges and deferred income | 492/3 | - | €200 | +€200 | |
| Remuneration, social security and pensions | 62 | €67,347 | €16,848 | -€50,499 | -75.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,706 | €1,676 | -€1,030 | -38.1% |
| Other operating charges | 640/8 | €714 | €4,181 | +€3,467 | +485% |
| Gross operating margin | 9900 | -€5,034 | €71,265 | +€76,299 | |
| Operating profit (loss) | 9901 | -€75,801 | €48,559 | +€124,360 | |
| Financial income | 75/76B | €43 | - | -€43 | |
| Recurring financial income | 75 | €43 | - | -€43 | |
| Financial charges | 65/66B | €10,979 | €15,553 | +€4,574 | +41.7% |
| Recurring financial charges | 65 | €10,979 | €15,553 | +€4,574 | +41.7% |
| Profit (loss) for the period before taxes | 9903 | -€86,737 | €33,007 | +€119,744 | |
| Income taxes | 67/77 | €137 | €144 | +€7 | +5.2% |
| Profit (loss) for the period | 9904 | -€86,874 | €32,863 | +€119,736 | |
| Profit (loss) for the period to be appropriated | 9905 | -€86,874 | €32,863 | +€119,736 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.