MD Belgium: 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.
What changed
MD Belgium
NACE 47.714, Retail trade
financial year 2024 compared with 2023filed annual accounts (NBB)
Net result for the year
-€1,851
2023 · -€15,875+€14,023
Equity
€12,521
2023 · €14,373-€1,851
Cash
€89,548
2023 · €78,529+€11,019
Balance sheet total
€324,550
2023 · €718,547-€393,997
Largest movements
Assets
- Receivables within one year -€374,490
down €374,490 (-89.9%), from €416,504 to €42,014
of which Other amounts receivable: -€343,251
- Stocks and contracts -€19,436
down €19,436 (-11.2%), from €173,595 to €154,159
- Cash +€11,019
up €11,019 (+14.0%), from €78,529 to €89,548
mainly Receivables within one year (+€374,490) and Other debts (+€185,733)
- Intangible fixed assets -€7,328
down €7,328 (-31.6%), from €23,217 to €15,889
Equity and liabilities
- Trade debts -€578,690
down €578,690 (-92.1%), from €628,509 to €49,818
- Other debts +€185,733
up €185,733 (+3,523%), from €5,273 to €191,005
Income statement
- Turnover +€25,725
up €25,725 (+1.9%), from €1.4m to €1.4m
- Goods and materials +€17,133
up €17,133 (+3.4%), from €508,977 to €526,109
of which Purchases: +€12,998
- Staff costs +€15,117
up €15,117 (+3.8%), from €395,510 to €410,627
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.
Result 2023
-€15,875
Turnover
+€25,725
Other operating income
-€2,634
Goods and materials
-€17,133
Services and other goods
+€10,874
Staff costs
-€15,117
Depreciation
+€2,556
Other operating charges
-€299
Other operating items
+€23,005
Financial income
-€12,064
Financial charges
-€910
Taxes
+€22
Result 2024
-€1,851
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
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.
From operations
+€11,019
Investment
€0
Financing
€0
Cash 2023
€78,529
From operations (derived)
+€11,019
Net result for the year
-€1,851
Depreciation
+€12,233
Stocks and contracts
+€19,436
Receivables within one year
+€374,490
Deferred charges and accrued income
-€1,142
Trade debts
-€578,690
Tax, wage and social debts
+€3,744
Other debts
+€185,733
Accrued charges and deferred income
-€2,932
Cash 2024
€89,548
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €718,547 | €324,550 | -€393,997 | -54.8% |
| Fixed assets | 21/28 | €49,130 | €36,898 | -€12,233 | -24.9% |
| Intangible fixed assets | 21 | €23,217 | €15,889 | -€7,328 | -31.6% |
| Tangible fixed assets | 22/27 | €5,913 | €1,009 | -€4,905 | -82.9% |
| Furniture and vehicles | 24 | €5,913 | €1,009 | -€4,905 | -82.9% |
| Financial fixed assets | 28 | €20,000 | €20,000 | = | 0.0% |
| Other financial fixed assets | 284/8 | €20,000 | €20,000 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €20,000 | €20,000 | = | 0.0% |
| Current assets | 29/58 | €669,417 | €287,653 | -€381,764 | -57.0% |
| Stocks and contracts in progress | 3 | €173,595 | €154,159 | -€19,436 | -11.2% |
| Stocks | 30/36 | €173,595 | €154,159 | -€19,436 | -11.2% |
| Raw materials and consumables | 30/31 | €173,595 | €154,159 | -€19,436 | -11.2% |
| Amounts receivable within one year | 40/41 | €416,504 | €42,014 | -€374,490 | -89.9% |
| Trade receivables | 40 | €73,253 | €42,014 | -€31,239 | -42.6% |
| Other amounts receivable | 41 | €343,251 | €0 | -€343,251 | -100% |
| Cash at bank and in hand | 54/58 | €78,529 | €89,548 | +€11,019 | +14.0% |
| Deferred charges and accrued income | 490/1 | €790 | €1,931 | +€1,142 | +145% |
| Total equity and liabilities | 10/49 | €718,547 | €324,550 | -€393,997 | -54.8% |
| Equity | 10/15 | €14,373 | €12,521 | -€1,851 | -12.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,973 | €121 | -€1,851 | -93.9% |
| Distributable reserves | 133 | €1,973 | €121 | -€1,851 | -93.9% |
| Amounts payable | 17/49 | €704,174 | €312,029 | -€392,145 | -55.7% |
| Amounts payable within one year | 42/48 | €689,242 | €300,029 | -€389,213 | -56.5% |
| Trade debts | 44 | €628,509 | €49,818 | -€578,690 | -92.1% |
| Suppliers | 440/4 | €628,509 | €49,818 | -€578,690 | -92.1% |
| Taxes, remuneration and social security | 45 | €55,461 | €59,205 | +€3,744 | +6.8% |
| Taxes | 450/3 | €18,294 | €20,610 | +€2,316 | +12.7% |
| Remuneration and social security | 454/9 | €37,167 | €38,595 | +€1,428 | +3.8% |
| Other amounts payable | 47/48 | €5,273 | €191,005 | +€185,733 | +3,523% |
| Accrued charges and deferred income | 492/3 | €14,932 | €12,000 | -€2,932 | -19.6% |
| Operating income | 70/76A | €1,375,252 | €1,398,342 | +€23,090 | +1.7% |
| Turnover | 70 | €1,368,138 | €1,393,862 | +€25,725 | +1.9% |
| Other operating income | 74 | €7,114 | €4,480 | -€2,634 | -37.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Operating charges | 60/66A | €1,394,920 | €1,391,035 | -€3,885 | -0.3% |
| Goods for resale, raw materials and consumables | 60 | €508,977 | €526,109 | +€17,133 | +3.4% |
| Purchases | 600/8 | €512,061 | €525,059 | +€12,998 | +2.5% |
| Change in stocks: decrease (increase) | 609 | -€3,085 | €1,050 | +€4,135 | |
| Services and other goods | 61 | €451,752 | €440,878 | -€10,874 | -2.4% |
| Remuneration, social security and pensions | 62 | €395,510 | €410,627 | +€15,117 | +3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,789 | €12,233 | -€2,556 | -17.3% |
| Other operating charges | 640/8 | €888 | €1,188 | +€299 | +33.7% |
| Non-recurring operating charges | 66A | €23,005 | €0 | -€23,005 | -100% |
| Operating profit (loss) | 9901 | -€19,668 | €7,308 | +€26,976 | |
| Financial income | 75/76B | €12,064 | €0 | -€12,064 | -100% |
| Recurring financial income | 75 | €9,465 | €0 | -€9,465 | -100% |
| Income from current assets | 751 | €9,390 | €0 | -€9,390 | -100% |
| Other financial income | 752/9 | €75 | €0 | -€75 | -100% |
| Non-recurring financial income | 76B | €2,599 | €0 | -€2,599 | -100% |
| Financial charges | 65/66B | €8,248 | €9,159 | +€910 | +11.0% |
| Recurring financial charges | 65 | €8,248 | €9,159 | +€910 | +11.0% |
| Debt charges | 650 | €375 | €555 | +€179 | +47.8% |
| Other financial charges | 652/9 | €7,873 | €8,604 | +€731 | +9.3% |
| Profit (loss) for the period before taxes | 9903 | -€15,853 | -€1,851 | +€14,001 | +88.3% |
| Income taxes | 67/77 | €22 | €0 | -€22 | -100% |
| Taxes | 670/3 | €22 | €0 | -€22 | -100% |
| Profit (loss) for the period | 9904 | -€15,875 | -€1,851 | +€14,023 | +88.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,875 | -€1,851 | +€14,023 | +88.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.