MD BUILDING: what changed
Two fiscal 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 BUILDING
Largest movements
- Receivables within one year +€169,634
up €169,634 (+220.1%), from €77,083 to €246,716
of which Trade receivables: +€172,811
- Stocks and contracts -€65,000
down €65,000 (-100.0%), from €65,000 to €0
- Tangible fixed assets -€4,126
down €4,126 (-28.0%), from €14,716 to €10,590
of which Furniture and vehicles: -€4,512
- Deferred charges and accrued income +€3,777
up €3,777 (+98.2%), from €3,846 to €7,623
- Trade debts +€75,513
new in 2024: €75,513
- Profit (loss) carried forward +€59,461
up €59,461 (+101.8%), from €58,411 to €117,872
- Current portion of long-term debt -€12,911
no longer reported in 2024 (was €12,911)
- Tax, wage and social debts -€11,037
down €11,037 (-15.0%), from €73,595 to €62,557
of which Remuneration and social security: -€30,958
- Other debts -€5,019
down €5,019 (-42.2%), from €11,890 to €6,870
- Purchases and services -€240,017
no longer reported in 2024 (was €240,017)
- Turnover -€234,849
no longer reported in 2024 (was €234,849)
- Gross operating margin +€61,036
up €61,036 (+87.0%), from €70,164 to €131,200
- Taxes +€26,147
up €26,147, from -€2,610 to €23,537
- Depreciation -€12,529
down €12,529 (-74.4%), from €16,848 to €4,320
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.
Cash bridge derived
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.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €173,771 | €279,778 | +€106,007 | +61.0% |
| Fixed assets | 21/28 | €14,716 | €10,590 | -€4,126 | -28.0% |
| Tangible fixed assets | 22/27 | €14,716 | €10,590 | -€4,126 | -28.0% |
| Plant, machinery and equipment | 23 | €1,809 | €2,195 | +€386 | +21.3% |
| Furniture and vehicles | 24 | €12,907 | €8,395 | -€4,512 | -35.0% |
| Current assets | 29/58 | €159,055 | €269,188 | +€110,133 | +69.2% |
| Stocks and contracts in progress | 3 | €65,000 | €0 | -€65,000 | -100.0% |
| Contracts in progress | 37 | €65,000 | €0 | -€65,000 | -100.0% |
| Amounts receivable within one year | 40/41 | €77,083 | €246,716 | +€169,634 | +220.1% |
| Trade receivables | 40 | €64,698 | €237,509 | +€172,811 | +267.1% |
| Other amounts receivable | 41 | €12,384 | €9,207 | -€3,177 | -25.7% |
| Cash at bank and in hand | 54/58 | €13,127 | €14,849 | +€1,722 | +13.1% |
| Deferred charges and accrued income | 490/1 | €3,846 | €7,623 | +€3,777 | +98.2% |
| Total equity and liabilities | 10/49 | €173,771 | €279,778 | +€106,007 | +61.0% |
| Equity | 10/15 | €75,376 | €134,837 | +€59,461 | +78.9% |
| Contributions | 10/11 | €15,500 | €15,500 | = | 0.0% |
| Reserves | 13 | €1,465 | €1,465 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,465 | €1,465 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,465 | €1,465 | = | 0.0% |
| Profit (loss) carried forward | 14 | €58,411 | €117,872 | +€59,461 | +101.8% |
| Amounts payable | 17/49 | €98,395 | €144,941 | +€46,546 | +47.3% |
| Amounts payable within one year | 42/48 | €98,395 | €144,941 | +€46,546 | +47.3% |
| Current portion of amounts payable after more than one year | 42 | €12,911 | - | -€12,911 | |
| Trade debts | 44 | - | €75,513 | +€75,513 | |
| Suppliers | 440/4 | - | €75,513 | +€75,513 | |
| Taxes, remuneration and social security | 45 | €73,595 | €62,557 | -€11,037 | -15.0% |
| Taxes | 450/3 | €8,750 | €28,671 | +€19,921 | +227.7% |
| Remuneration and social security | 454/9 | €64,844 | €33,886 | -€30,958 | -47.7% |
| Other amounts payable | 47/48 | €11,890 | €6,870 | -€5,019 | -42.2% |
| Turnover | 70 | €234,849 | - | -€234,849 | |
| Goods, raw materials, services and sundry goods | 60/61 | €240,017 | - | -€240,017 | |
| Remuneration, social security and pensions | 62 | €44,338 | €42,836 | -€1,501 | -3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,848 | €4,320 | -€12,529 | -74.4% |
| Other operating charges | 640/8 | €1,881 | €874 | -€1,007 | -53.5% |
| Gross operating margin | 9900 | €70,164 | €131,200 | +€61,036 | +87.0% |
| Operating profit (loss) | 9901 | €7,097 | €83,170 | +€76,073 | +1071.9% |
| Financial income | 75/76B | €0 | €61 | +€61 | +608500.0% |
| Recurring financial income | 75 | €0 | €61 | +€61 | +608500.0% |
| Financial charges | 65/66B | €1,140 | €233 | -€906 | -79.5% |
| Recurring financial charges | 65 | €1,140 | €233 | -€906 | -79.5% |
| Profit (loss) for the period before taxes | 9903 | €5,957 | €82,998 | +€77,040 | +1293.2% |
| Income taxes | 67/77 | -€2,610 | €23,537 | +€26,147 | |
| Profit (loss) for the period | 9904 | €8,567 | €59,461 | +€50,894 | +594.0% |
| Profit (loss) for the period to be appropriated | 9905 | €8,567 | €59,461 | +€50,894 | +594.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.