MD Confort: 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 Confort
Largest movements
- Receivables within one year -€68,217
down €68,217 (-9.7%), from €705,271 to €637,054
of which Trade receivables: -€76,470
- Cash +€19,884
up €19,884 (+1,738%), from €1,144 to €21,028
mainly Net result for the year (+€85,139) and Receivables within one year (+€68,217)
- Tangible fixed assets -€17,233
down €17,233 (-5.4%), from €318,396 to €301,163
of which Land and buildings: -€13,380
- Profit (loss) carried forward +€85,139
up €85,139 (+52.3%), from €162,899 to €248,038
- Trade debts -€67,832
down €67,832 (-14.4%), from €471,270 to €403,438
- Tax, wage and social debts -€31,299
down €31,299 (-18.5%), from €169,041 to €137,742
of which Taxes: -€66,065
- Debts after one year -€24,206
down €24,206 (-14.1%), from €172,114 to €147,908
- Short-term financial debts -€13,104
down €13,104 (-11.5%), from €114,408 to €101,304
of which Other loans: -€13,104
- Gross operating margin +€68,692
up €68,692 (+15.2%), from €451,780 to €520,472
- Staff costs +€63,406
up €63,406 (+20.6%), from €308,017 to €371,423
- Write-downs -€58,621
no longer reported in 2025 (was €58,621)
- Taxes -€43,178
down €43,178 (-97.2%), from €44,426 to €1,248
- Financial charges -€7,856
down €7,856 (-25.0%), from €31,460 to €23,605
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 | €1,185,636 | €1,125,268 | -€60,368 | -5.1% |
| Formation expenses | 20 | €355 | €0 | -€355 | -100% |
| Fixed assets | 21/28 | €318,576 | €301,343 | -€17,233 | -5.4% |
| Tangible fixed assets | 22/27 | €318,396 | €301,163 | -€17,233 | -5.4% |
| Land and buildings | 22 | €273,455 | €260,076 | -€13,380 | -4.9% |
| Plant, machinery and equipment | 23 | €16,041 | €15,140 | -€901 | -5.6% |
| Furniture and vehicles | 24 | €14,650 | €12,448 | -€2,202 | -15.0% |
| Leasing and similar rights | 25 | - | €0 | = | |
| Other tangible fixed assets | 26 | €14,250 | €13,500 | -€750 | -5.3% |
| Financial fixed assets | 28 | €180 | €180 | = | 0.0% |
| Current assets | 29/58 | €866,705 | €823,924 | -€42,781 | -4.9% |
| Stocks and contracts in progress | 3 | €119,254 | €123,372 | +€4,118 | +3.5% |
| Stocks | 30/36 | €119,254 | €123,372 | +€4,118 | +3.5% |
| Amounts receivable within one year | 40/41 | €705,271 | €637,054 | -€68,217 | -9.7% |
| Trade receivables | 40 | €577,955 | €501,484 | -€76,470 | -13.2% |
| Other amounts receivable | 41 | €127,316 | €135,570 | +€8,254 | +6.5% |
| Current investments | 50/53 | €40,900 | €40,900 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €1,144 | €21,028 | +€19,884 | +1,738% |
| Deferred charges and accrued income | 490/1 | €136 | €1,570 | +€1,434 | +1,053% |
| Total equity and liabilities | 10/49 | €1,185,636 | €1,125,268 | -€60,368 | -5.1% |
| Equity | 10/15 | €214,799 | €299,938 | +€85,139 | +39.6% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €41,900 | €41,900 | = | 0.0% |
| Non-distributable reserves | 130/1 | €41,900 | €41,900 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,000 | €1,000 | = | 0.0% |
| Own shares acquired | 1312 | €40,900 | €40,900 | = | 0.0% |
| Profit (loss) carried forward | 14 | €162,899 | €248,038 | +€85,139 | +52.3% |
| Amounts payable | 17/49 | €970,837 | €825,330 | -€145,507 | -15.0% |
| Amounts payable after more than one year | 17 | €172,114 | €147,908 | -€24,206 | -14.1% |
| Financial debts | 170/4 | €172,114 | €147,908 | -€24,206 | -14.1% |
| Amounts payable within one year | 42/48 | €785,018 | €666,639 | -€118,379 | -15.1% |
| Current portion of amounts payable after more than one year | 42 | €23,558 | €24,155 | +€597 | +2.5% |
| Financial debts | 43 | €114,408 | €101,304 | -€13,104 | -11.5% |
| Credit institutions | 430/8 | €100,000 | €100,000 | = | 0.0% |
| Other loans | 439 | €14,408 | €1,304 | -€13,104 | -91.0% |
| Trade debts | 44 | €471,270 | €403,438 | -€67,832 | -14.4% |
| Suppliers | 440/4 | €471,270 | €403,438 | -€67,832 | -14.4% |
| Taxes, remuneration and social security | 45 | €169,041 | €137,742 | -€31,299 | -18.5% |
| Taxes | 450/3 | €118,289 | €52,224 | -€66,065 | -55.9% |
| Remuneration and social security | 454/9 | €50,751 | €85,518 | +€34,766 | +68.5% |
| Other amounts payable | 47/48 | €6,741 | - | -€6,741 | |
| Accrued charges and deferred income | 492/3 | €13,705 | €10,783 | -€2,922 | -21.3% |
| Remuneration, social security and pensions | 62 | €308,017 | €371,423 | +€63,406 | +20.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,036 | €27,776 | -€260 | -0.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €58,621 | - | -€58,621 | |
| Other operating charges | 640/8 | €8,030 | €11,535 | +€3,505 | +43.6% |
| Non-recurring operating charges | 66A | €151,727 | - | -€151,727 | |
| Gross operating margin | 9900 | €451,780 | €520,472 | +€68,692 | +15.2% |
| Operating profit (loss) | 9901 | -€102,651 | €109,739 | +€212,390 | |
| Financial income | 75/76B | €4,696 | €254 | -€4,442 | -94.6% |
| Recurring financial income | 75 | €4,696 | €254 | -€4,442 | -94.6% |
| Financial charges | 65/66B | €31,460 | €23,605 | -€7,856 | -25.0% |
| Recurring financial charges | 65 | €31,460 | €23,605 | -€7,856 | -25.0% |
| Profit (loss) for the period before taxes | 9903 | -€129,416 | €86,387 | +€215,803 | |
| Income taxes | 67/77 | €44,426 | €1,248 | -€43,178 | -97.2% |
| Profit (loss) for the period | 9904 | -€173,842 | €85,139 | +€258,981 | |
| Profit (loss) for the period to be appropriated | 9905 | -€173,842 | €85,139 | +€258,981 |
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 27 October 2026 via checked.be.