MD BOUWMACHINES: 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 BOUWMACHINES
Largest movements
- Receivables within one year -€112,988
down €112,988 (-14.2%), from €794,557 to €681,569
of which Trade receivables: -€153,076
- Stocks and contracts +€85,820
up €85,820 (+8.3%), from €1.0m to €1.1m
- Tangible fixed assets -€46,039
down €46,039 (-36.4%), from €126,344 to €80,305
of which Furniture and vehicles: -€28,867
- Cash +€37,272
up €37,272 (+35.3%), from €105,505 to €142,777
mainly Net result for the year (+€151,003) and Debts after one year (+€132,000)
- Other debts -€277,421
down €277,421 (-70.5%), from €393,300 to €115,879
- Debts after one year +€132,000
up €132,000 (+20.8%), from €634,000 to €766,000
of which Trade debts: +€132,000
- Trade debts +€57,925
up €57,925 (+10.9%), from €531,584 to €589,509
- Reserves +€51,003
up €51,003 (+6.8%), from €750,949 to €801,952
- Tax, wage and social debts +€24,372
up €24,372 (+70.7%), from €34,484 to €58,856
of which Taxes: +€20,043
- Gross operating margin -€241,876
down €241,876 (-34.6%), from €699,188 to €457,312
- Staff costs -€23,436
down €23,436 (-9.0%), from €261,171 to €237,735
- Taxes +€14,837
up €14,837 (+422%), from €3,516 to €18,353
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 | €2,380,258 | €2,350,745 | -€29,513 | -1.2% |
| Fixed assets | 21/28 | €126,949 | €80,910 | -€46,039 | -36.3% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €126,344 | €80,305 | -€46,039 | -36.4% |
| Plant, machinery and equipment | 23 | €58,938 | €41,765 | -€17,173 | -29.1% |
| Furniture and vehicles | 24 | €67,406 | €38,540 | -€28,867 | -42.8% |
| Financial fixed assets | 28 | €605 | €605 | = | 0.0% |
| Current assets | 29/58 | €2,253,309 | €2,269,836 | +€16,527 | +0.7% |
| Stocks and contracts in progress | 3 | €1,035,799 | €1,121,618 | +€85,820 | +8.3% |
| Stocks | 30/36 | €1,035,799 | €1,121,618 | +€85,820 | +8.3% |
| Amounts receivable within one year | 40/41 | €794,557 | €681,569 | -€112,988 | -14.2% |
| Trade receivables | 40 | €791,996 | €638,920 | -€153,076 | -19.3% |
| Other amounts receivable | 41 | €2,561 | €42,649 | +€40,089 | +1,565% |
| Current investments | 50/53 | €305,156 | €320,147 | +€14,990 | +4.9% |
| Cash at bank and in hand | 54/58 | €105,505 | €142,777 | +€37,272 | +35.3% |
| Deferred charges and accrued income | 490/1 | €12,292 | €3,724 | -€8,567 | -69.7% |
| Total equity and liabilities | 10/49 | €2,380,258 | €2,350,745 | -€29,513 | -1.2% |
| Equity | 10/15 | €769,499 | €820,502 | +€51,003 | +6.6% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €750,949 | €801,952 | +€51,003 | +6.8% |
| Distributable reserves | 133 | €750,949 | €801,952 | +€51,003 | +6.8% |
| Amounts payable | 17/49 | €1,610,759 | €1,530,244 | -€80,515 | -5.0% |
| Amounts payable after more than one year | 17 | €634,000 | €766,000 | +€132,000 | +20.8% |
| Trade debts | 175 | €594,000 | €726,000 | +€132,000 | +22.2% |
| Other amounts payable | 178/9 | €40,000 | €40,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €976,759 | €764,244 | -€212,515 | -21.8% |
| Current portion of amounts payable after more than one year | 42 | €17,391 | - | -€17,391 | |
| Trade debts | 44 | €531,584 | €589,509 | +€57,925 | +10.9% |
| Suppliers | 440/4 | €531,584 | €589,509 | +€57,925 | +10.9% |
| Taxes, remuneration and social security | 45 | €34,484 | €58,856 | +€24,372 | +70.7% |
| Taxes | 450/3 | €34,484 | €54,527 | +€20,043 | +58.1% |
| Remuneration and social security | 454/9 | - | €4,330 | +€4,330 | |
| Other amounts payable | 47/48 | €393,300 | €115,879 | -€277,421 | -70.5% |
| Non-recurring operating income | 76A | €371 | €2,214 | +€1,843 | +496% |
| Remuneration, social security and pensions | 62 | €261,171 | €237,735 | -€23,436 | -9.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,462 | €52,073 | -€390 | -0.7% |
| Other operating charges | 640/8 | €14,314 | €16,823 | +€2,508 | +17.5% |
| Gross operating margin | 9900 | €699,188 | €457,312 | -€241,876 | -34.6% |
| Operating profit (loss) | 9901 | €371,240 | €150,682 | -€220,558 | -59.4% |
| Financial income | 75/76B | €26,824 | €27,380 | +€556 | +2.1% |
| Recurring financial income | 75 | €26,824 | €27,380 | +€556 | +2.1% |
| Financial charges | 65/66B | €8,668 | €8,706 | +€37 | +0.4% |
| Recurring financial charges | 65 | €8,668 | €8,706 | +€37 | +0.4% |
| Profit (loss) for the period before taxes | 9903 | €389,395 | €169,356 | -€220,040 | -56.5% |
| Income taxes | 67/77 | €3,516 | €18,353 | +€14,837 | +422% |
| Profit (loss) for the period | 9904 | €385,880 | €151,003 | -€234,877 | -60.9% |
| Profit (loss) for the period to be appropriated | 9905 | €385,880 | €151,003 | -€234,877 | -60.9% |
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 22 October 2026 via checked.be.