MD DOOR: 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 DOOR
Largest movements
- Receivables within one year +€19,189
up €19,189 (+18.0%), from €106,533 to €125,721
of which Trade receivables: +€18,726
- Tangible fixed assets +€17,892
up €17,892 (+86.4%), from €20,703 to €38,595
of which Furniture and vehicles: +€18,453
- Cash +€6,295
up €6,295 (+184.7%), from €3,407 to €9,702
mainly Trade debts (+€57,738) and Advances received (+€24,428)
- Trade debts +€57,738
up €57,738 (+285.2%), from €20,247 to €77,985
- Advances received +€24,428
new in 2025: €24,428
- Profit (loss) carried forward -€23,116
down €23,116 (-35.6%), from €64,986 to €41,870
- Other debts -€17,985
down €17,985 (-97.3%), from €18,482 to €497
- Current portion of long-term debt +€2,639
up €2,639 (+38.1%), from €6,919 to €9,558
- Gross operating margin -€15,071
down €15,071, from €10,559 to -€4,513
- Other operating charges +€5,222
up €5,222 (+514.1%), from €1,016 to €6,238
- Depreciation +€3,981
up €3,981 (+53.1%), from €7,502 to €11,483
- Taxes -€1,352
down €1,352 (-88.5%), from €1,527 to €175
- Financial charges +€1,122
up €1,122 (+240.9%), from €466 to €1,588
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 | €130,683 | €174,018 | +€43,335 | +33.2% |
| Fixed assets | 21/28 | €20,703 | €38,595 | +€17,892 | +86.4% |
| Tangible fixed assets | 22/27 | €20,703 | €38,595 | +€17,892 | +86.4% |
| Plant, machinery and equipment | 23 | €633 | €233 | -€400 | -63.1% |
| Furniture and vehicles | 24 | €19,102 | €37,556 | +€18,453 | +96.6% |
| Other tangible fixed assets | 26 | €967 | €806 | -€161 | -16.7% |
| Current assets | 29/58 | €109,980 | €135,423 | +€25,443 | +23.1% |
| Amounts receivable within one year | 40/41 | €106,533 | €125,721 | +€19,189 | +18.0% |
| Trade receivables | 40 | €91,634 | €110,360 | +€18,726 | +20.4% |
| Other amounts receivable | 41 | €14,898 | €15,361 | +€463 | +3.1% |
| Cash at bank and in hand | 54/58 | €3,407 | €9,702 | +€6,295 | +184.7% |
| Deferred charges and accrued income | 490/1 | €41 | - | -€41 | |
| Total equity and liabilities | 10/49 | €130,683 | €174,018 | +€43,335 | +33.2% |
| Equity | 10/15 | €79,246 | €56,130 | -€23,116 | -29.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Contributions outside capital | 11 | €12,400 | €12,400 | = | 0.0% |
| Other | 1109/19 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €64,986 | €41,870 | -€23,116 | -35.6% |
| Amounts payable | 17/49 | €51,437 | €117,888 | +€66,451 | +129.2% |
| Amounts payable within one year | 42/48 | €51,437 | €117,888 | +€66,451 | +129.2% |
| Current portion of amounts payable after more than one year | 42 | €6,919 | €9,558 | +€2,639 | +38.1% |
| Trade debts | 44 | €20,247 | €77,985 | +€57,738 | +285.2% |
| Suppliers | 440/4 | €20,247 | €77,985 | +€57,738 | +285.2% |
| Advances received on contracts in progress | 46 | - | €24,428 | +€24,428 | |
| Taxes, remuneration and social security | 45 | €5,789 | €5,420 | -€369 | -6.4% |
| Taxes | 450/3 | €5,789 | €3,920 | -€1,869 | -32.3% |
| Remuneration and social security | 454/9 | - | €1,500 | +€1,500 | |
| Other amounts payable | 47/48 | €18,482 | €497 | -€17,985 | -97.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,502 | €11,483 | +€3,981 | +53.1% |
| Other operating charges | 640/8 | €1,016 | €6,238 | +€5,222 | +514.1% |
| Gross operating margin | 9900 | €10,559 | -€4,513 | -€15,071 | |
| Operating profit (loss) | 9901 | €2,041 | -€22,233 | -€24,275 | |
| Financial income | 75/76B | €1,114 | €880 | -€234 | -21.0% |
| Recurring financial income | 75 | €1,114 | €880 | -€234 | -21.0% |
| Financial charges | 65/66B | €466 | €1,588 | +€1,122 | +240.9% |
| Recurring financial charges | 65 | €466 | €1,588 | +€1,122 | +240.9% |
| Profit (loss) for the period before taxes | 9903 | €2,689 | -€22,941 | -€25,630 | |
| Income taxes | 67/77 | €1,527 | €175 | -€1,352 | -88.5% |
| Profit (loss) for the period | 9904 | €1,162 | -€23,116 | -€24,278 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,162 | -€23,116 | -€24,278 |
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 10 October 2026 via checked.be.