MD Events: 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 Events
Largest movements
- Tangible fixed assets -€13,488
down €13,488 (-6.4%), from €211,866 to €198,378
of which Land and buildings: -€11,703
- Cash -€6,283
down €6,283 (-96.8%), from €6,493 to €210
- Receivables within one year -€5,308
down €5,308 (-97.1%), from €5,465 to €157
of which Trade receivables: -€5,307
- Profit (loss) carried forward -€40,219
down €40,219 (-78.4%), from -€51,286 to -€91,505
- Debts after one year -€19,156
down €19,156 (-20.4%), from €94,128 to €74,972
- Other debts +€17,309
up €17,309 (+24.6%), from €70,242 to €87,551
- Trade debts +€15,716
up €15,716 (+207%), from €7,579 to €23,295
of which Suppliers: +€14,275
- Gross operating margin +€9,067
up €9,067, from -€6,783 to €2,284
- Financial income +€3,543
new in 2025: €3,543
- Other operating charges -€3,111
no longer reported in 2025 (was €3,111)
- Staff costs -€312
no longer reported in 2025 (was €312)
- Depreciation -€257
down €257 (-3.7%), from €6,951 to €6,694
From the 2023 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €224,004 | €198,925 | -€25,079 | -11.2% |
| Fixed assets | 21/28 | €212,046 | €198,558 | -€13,488 | -6.4% |
| Tangible fixed assets | 22/27 | €211,866 | €198,378 | -€13,488 | -6.4% |
| Land and buildings | 22 | €206,098 | €194,395 | -€11,703 | -5.7% |
| Plant, machinery and equipment | 23 | €5,669 | €3,983 | -€1,686 | -29.7% |
| Furniture and vehicles | 24 | €99 | - | -€99 | |
| Financial fixed assets | 28 | €180 | €180 | = | 0.0% |
| Current assets | 29/58 | €11,958 | €367 | -€11,591 | -96.9% |
| Amounts receivable within one year | 40/41 | €5,465 | €157 | -€5,308 | -97.1% |
| Trade receivables | 40 | €5,307 | - | -€5,307 | |
| Other amounts receivable | 41 | €158 | €157 | -€1 | -0.6% |
| Cash at bank and in hand | 54/58 | €6,493 | €210 | -€6,283 | -96.8% |
| Total equity and liabilities | 10/49 | €224,004 | €198,925 | -€25,079 | -11.2% |
| Equity | 10/15 | €41,415 | €1,196 | -€40,219 | -97.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Contributions outside capital | 11 | €20,000 | - | -€20,000 | |
| Other | 1109/19 | €20,000 | - | -€20,000 | |
| Reserves | 13 | €72,701 | €72,701 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,000 | - | -€10,000 | |
| Reserves not available under the articles | 1311 | €10,000 | - | -€10,000 | |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €43,951 | €53,951 | +€10,000 | +22.8% |
| Profit (loss) carried forward | 14 | -€51,286 | -€91,505 | -€40,219 | -78.4% |
| Amounts payable | 17/49 | €182,589 | €197,729 | +€15,140 | +8.3% |
| Amounts payable after more than one year | 17 | €94,128 | €74,972 | -€19,156 | -20.4% |
| Financial debts | 170/4 | €94,128 | €74,972 | -€19,156 | -20.4% |
| Amounts payable within one year | 42/48 | €88,461 | €122,757 | +€34,296 | +38.8% |
| Current portion of amounts payable after more than one year | 42 | €8,582 | €8,943 | +€361 | +4.2% |
| Trade debts | 44 | €7,579 | €23,295 | +€15,716 | +207% |
| Suppliers | 440/4 | €7,579 | €21,854 | +€14,275 | +188% |
| Bills of exchange payable | 441 | - | €1,441 | +€1,441 | |
| Taxes, remuneration and social security | 45 | €2,058 | €2,968 | +€910 | +44.2% |
| Taxes | 450/3 | €2,058 | €2,968 | +€910 | +44.2% |
| Other amounts payable | 47/48 | €70,242 | €87,551 | +€17,309 | +24.6% |
| Remuneration, social security and pensions | 62 | €312 | - | -€312 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,951 | €6,694 | -€257 | -3.7% |
| Other operating charges | 640/8 | €3,111 | - | -€3,111 | |
| Gross operating margin | 9900 | -€6,783 | €2,284 | +€9,067 | |
| Operating profit (loss) | 9901 | -€17,157 | -€4,410 | +€12,747 | +74.3% |
| Financial income | 75/76B | - | €3,543 | +€3,543 | |
| Recurring financial income | 75 | - | €3,543 | +€3,543 | |
| Financial charges | 65/66B | €2,267 | €2,271 | +€4 | +0.2% |
| Recurring financial charges | 65 | €2,267 | €2,271 | +€4 | +0.2% |
| Profit (loss) for the period before taxes | 9903 | -€19,424 | -€3,138 | +€16,286 | +83.8% |
| Income taxes | 67/77 | -€200 | - | +€200 | |
| Profit (loss) for the period | 9904 | -€19,224 | -€3,138 | +€16,086 | +83.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€19,224 | -€3,138 | +€16,086 | +83.7% |
Source: filed annual accounts (NBB), financial years ended 31 March 2023 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.