MD CONTINUUM: 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 CONTINUUM
Largest movements
- Current investments +€75,000
new in 2025: €75,000
- Cash -€28,474
down €28,474 (-45.4%), from €62,652 to €34,177
mainly Contributions, distributions and other (-€138,000) and Current investments (-€75,000)
- Receivables within one year +€14,866
up €14,866 (+58.9%), from €25,246 to €40,112
of which Trade receivables: +€12,537
- Other debts +€81,853
up €81,853 (+139.6%), from €58,644 to €140,498
- Profit (loss) carried forward -€16,540
down €16,540 (-97.2%), from €17,025 to €485
- Tax, wage and social debts -€4,986
down €4,986 (-37.4%), from €13,342 to €8,355
of which Taxes: -€5,084
- Gross operating margin +€78,135
up €78,135 (+86.3%), from €90,537 to €168,672
- Taxes +€22,771
up €22,771 (+113.9%), from €19,984 to €42,755
- Other operating charges -€8,426
down €8,426 (-73.6%), from €11,450 to €3,024
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.
Cash bridge derived
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 | €95,479 | €156,542 | +€61,064 | +64.0% |
| Fixed assets | 21/28 | €3,426 | €1,895 | -€1,532 | -44.7% |
| Tangible fixed assets | 22/27 | €3,426 | €1,895 | -€1,532 | -44.7% |
| Other tangible fixed assets | 26 | €3,426 | €1,895 | -€1,532 | -44.7% |
| Current assets | 29/58 | €92,052 | €154,648 | +€62,596 | +68.0% |
| Amounts receivable within one year | 40/41 | €25,246 | €40,112 | +€14,866 | +58.9% |
| Trade receivables | 40 | €25,246 | €37,783 | +€12,537 | +49.7% |
| Other amounts receivable | 41 | - | €2,329 | +€2,329 | |
| Current investments | 50/53 | - | €75,000 | +€75,000 | |
| Cash at bank and in hand | 54/58 | €62,652 | €34,177 | -€28,474 | -45.4% |
| Deferred charges and accrued income | 490/1 | €4,154 | €5,359 | +€1,204 | +29.0% |
| Total equity and liabilities | 10/49 | €95,479 | €156,542 | +€61,064 | +64.0% |
| Equity | 10/15 | €22,025 | €5,485 | -€16,540 | -75.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,025 | €485 | -€16,540 | -97.2% |
| Amounts payable | 17/49 | €73,453 | €151,057 | +€77,604 | +105.7% |
| Amounts payable within one year | 42/48 | €73,453 | €151,057 | +€77,604 | +105.7% |
| Trade debts | 44 | €1,467 | €2,204 | +€737 | +50.2% |
| Suppliers | 440/4 | €1,467 | €2,204 | +€737 | +50.2% |
| Taxes, remuneration and social security | 45 | €13,342 | €8,355 | -€4,986 | -37.4% |
| Taxes | 450/3 | €8,984 | €3,900 | -€5,084 | -56.6% |
| Remuneration and social security | 454/9 | €4,357 | €4,455 | +€98 | +2.2% |
| Other amounts payable | 47/48 | €58,644 | €140,498 | +€81,853 | +139.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,383 | €1,532 | +€149 | +10.8% |
| Other operating charges | 640/8 | €11,450 | €3,024 | -€8,426 | -73.6% |
| Gross operating margin | 9900 | €90,537 | €168,672 | +€78,135 | +86.3% |
| Operating profit (loss) | 9901 | €77,704 | €164,116 | +€86,412 | +111.2% |
| Financial income | 75/76B | €24 | €279 | +€255 | +1059.9% |
| Recurring financial income | 75 | €24 | €279 | +€255 | +1059.9% |
| Financial charges | 65/66B | €254 | €180 | -€74 | -29.0% |
| Recurring financial charges | 65 | €254 | €180 | -€74 | -29.0% |
| Profit (loss) for the period before taxes | 9903 | €77,475 | €164,215 | +€86,740 | +112.0% |
| Income taxes | 67/77 | €19,984 | €42,755 | +€22,771 | +113.9% |
| Profit (loss) for the period | 9904 | €57,490 | €121,460 | +€63,970 | +111.3% |
| Profit (loss) for the period to be appropriated | 9905 | €57,490 | €121,460 | +€63,970 | +111.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.