MD Dynamic: 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 Dynamic
Largest movements
- Cash +€13,966
up €13,966 (+33.8%), from €41,307 to €55,273
mainly Other debts (+€43,103) and Net result for the year (+€23,832)
- Tangible fixed assets -€2,095
down €2,095 (-10.5%), from €19,863 to €17,768
of which Furniture and vehicles: -€1,542
- Other debts +€43,103
up €43,103 (+775%), from €5,562 to €48,665
- Reserves -€21,168
down €21,168 (-39.4%), from €53,726 to €32,559
- Tax, wage and social debts -€5,678
down €5,678 (-50.9%), from €11,152 to €5,473
- Trade debts -€3,542
down €3,542 (-48.1%), from €7,358 to €3,816
- Write-downs -€10,575
down €10,575 (-100%), from €10,575 to €0
- Financial charges +€3,020
up €3,020, from -€1,957 to €1,064
- Gross operating margin -€2,995
down €2,995 (-7.8%), from €38,629 to €35,634
- Depreciation +€958
up €958 (+37.8%), from €2,537 to €3,495
- Other operating charges +€405
up €405 (+117%), from €346 to €751
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 | €87,798 | €100,513 | +€12,715 | +14.5% |
| Fixed assets | 21/28 | €19,863 | €17,768 | -€2,095 | -10.5% |
| Tangible fixed assets | 22/27 | €19,863 | €17,768 | -€2,095 | -10.5% |
| Land and buildings | 22 | €4,773 | €3,542 | -€1,231 | -25.8% |
| Plant, machinery and equipment | 23 | €945 | €1,623 | +€678 | +71.7% |
| Furniture and vehicles | 24 | €14,144 | €12,602 | -€1,542 | -10.9% |
| Current assets | 29/58 | €67,935 | €82,745 | +€14,809 | +21.8% |
| Amounts receivable within one year | 40/41 | €11,628 | €12,472 | +€844 | +7.3% |
| Trade receivables | 40 | €11,628 | €12,102 | +€473 | +4.1% |
| Other amounts receivable | 41 | - | €370 | +€370 | |
| Current investments | 50/53 | €15,000 | €15,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €41,307 | €55,273 | +€13,966 | +33.8% |
| Total equity and liabilities | 10/49 | €87,798 | €100,513 | +€12,715 | +14.5% |
| Equity | 10/15 | €63,726 | €42,559 | -€21,168 | -33.2% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €53,726 | €32,559 | -€21,168 | -39.4% |
| Distributable reserves | 133 | €53,726 | €32,559 | -€21,168 | -39.4% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €24,072 | €57,954 | +€33,882 | +141% |
| Amounts payable within one year | 42/48 | €24,072 | €57,954 | +€33,882 | +141% |
| Trade debts | 44 | €7,358 | €3,816 | -€3,542 | -48.1% |
| Suppliers | 440/4 | €7,358 | €3,816 | -€3,542 | -48.1% |
| Taxes, remuneration and social security | 45 | €11,152 | €5,473 | -€5,678 | -50.9% |
| Taxes | 450/3 | €11,152 | €5,473 | -€5,678 | -50.9% |
| Other amounts payable | 47/48 | €5,562 | €48,665 | +€43,103 | +775% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,537 | €3,495 | +€958 | +37.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €10,575 | €0 | -€10,575 | -100% |
| Other operating charges | 640/8 | €346 | €751 | +€405 | +117% |
| Gross operating margin | 9900 | €38,629 | €35,634 | -€2,995 | -7.8% |
| Operating profit (loss) | 9901 | €25,170 | €31,388 | +€6,218 | +24.7% |
| Financial income | 75/76B | €281 | €138 | -€143 | -50.9% |
| Recurring financial income | 75 | €281 | €138 | -€143 | -50.9% |
| Financial charges | 65/66B | -€1,957 | €1,064 | +€3,020 | |
| Recurring financial charges | 65 | -€1,957 | €1,064 | +€3,020 | |
| Profit (loss) for the period before taxes | 9903 | €27,408 | €30,462 | +€3,054 | +11.1% |
| Income taxes | 67/77 | €6,281 | €6,630 | +€349 | +5.5% |
| Profit (loss) for the period | 9904 | €21,126 | €23,832 | +€2,706 | +12.8% |
| Profit (loss) for the period to be appropriated | 9905 | €21,126 | €23,832 | +€2,706 | +12.8% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.