MD-FOOD: 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-FOOD
Largest movements
- Receivables within one year -€17,256
down €17,256 (-41.5%), from €41,606 to €24,351
of which Trade receivables: -€19,233
- Stocks and contracts +€4,898
up €4,898 (+42.8%), from €11,445 to €16,343
- Tangible fixed assets -€3,690
down €3,690 (-29.4%), from €12,534 to €8,844
of which Furniture and vehicles: -€2,741
- Deferred charges and accrued income +€1,249
up €1,249 (+23.2%), from €5,379 to €6,628
- Trade debts -€7,567
down €7,567 (-36.0%), from €21,049 to €13,482
- Other debts -€4,214
down €4,214 (-7.2%), from €58,343 to €54,129
- Current portion of long-term debt -€4,008
down €4,008 (-100%), from €4,008 to €0
- Gross operating margin -€21,702
down €21,702 (-31.3%), from €69,404 to €47,702
- Staff costs -€16,078
down €16,078 (-28.4%), from €56,557 to €40,478
- Other operating charges -€830
down €830 (-32.2%), from €2,576 to €1,747
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 | €81,407 | €65,848 | -€15,559 | -19.1% |
| Fixed assets | 21/28 | €15,470 | €11,780 | -€3,690 | -23.9% |
| Tangible fixed assets | 22/27 | €12,534 | €8,844 | -€3,690 | -29.4% |
| Plant, machinery and equipment | 23 | €3,621 | €2,673 | -€948 | -26.2% |
| Furniture and vehicles | 24 | €8,913 | €6,171 | -€2,741 | -30.8% |
| Financial fixed assets | 28 | €2,936 | €2,936 | = | 0.0% |
| Current assets | 29/58 | €65,937 | €54,068 | -€11,869 | -18.0% |
| Stocks and contracts in progress | 3 | €11,445 | €16,343 | +€4,898 | +42.8% |
| Stocks | 30/36 | €11,445 | €16,343 | +€4,898 | +42.8% |
| Amounts receivable within one year | 40/41 | €41,606 | €24,351 | -€17,256 | -41.5% |
| Trade receivables | 40 | €41,013 | €21,780 | -€19,233 | -46.9% |
| Other amounts receivable | 41 | €593 | €2,571 | +€1,978 | +333% |
| Cash at bank and in hand | 54/58 | €7,507 | €6,746 | -€761 | -10.1% |
| Deferred charges and accrued income | 490/1 | €5,379 | €6,628 | +€1,249 | +23.2% |
| Total equity and liabilities | 10/49 | €81,407 | €65,848 | -€15,559 | -19.1% |
| Equity | 10/15 | -€8,271 | -€8,147 | +€125 | +1.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,460 | €1,460 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,460 | €1,460 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,460 | €1,460 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€28,331 | -€28,207 | +€125 | +0.4% |
| Amounts payable | 17/49 | €89,679 | €73,995 | -€15,684 | -17.5% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €89,679 | €73,995 | -€15,684 | -17.5% |
| Current portion of amounts payable after more than one year | 42 | €4,008 | €0 | -€4,008 | -100% |
| Trade debts | 44 | €21,049 | €13,482 | -€7,567 | -36.0% |
| Suppliers | 440/4 | €21,049 | €13,482 | -€7,567 | -36.0% |
| Taxes, remuneration and social security | 45 | €6,279 | €6,385 | +€106 | +1.7% |
| Taxes | 450/3 | €1,600 | €1,517 | -€83 | -5.2% |
| Remuneration and social security | 454/9 | €4,679 | €4,868 | +€189 | +4.0% |
| Other amounts payable | 47/48 | €58,343 | €54,129 | -€4,214 | -7.2% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €56,557 | €40,478 | -€16,078 | -28.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,185 | €4,959 | -€226 | -4.4% |
| Other operating charges | 640/8 | €2,576 | €1,747 | -€830 | -32.2% |
| Gross operating margin | 9900 | €69,404 | €47,702 | -€21,702 | -31.3% |
| Operating profit (loss) | 9901 | €5,086 | €518 | -€4,568 | -89.8% |
| Financial income | 75/76B | €376 | €414 | +€39 | +10.3% |
| Recurring financial income | 75 | €376 | €414 | +€39 | +10.3% |
| Financial charges | 65/66B | €926 | €678 | -€248 | -26.8% |
| Recurring financial charges | 65 | €926 | €678 | -€248 | -26.8% |
| Profit (loss) for the period before taxes | 9903 | €4,536 | €255 | -€4,281 | -94.4% |
| Income taxes | 67/77 | €202 | €130 | -€72 | -35.6% |
| Profit (loss) for the period | 9904 | €4,333 | €125 | -€4,209 | -97.1% |
| Profit (loss) for the period to be appropriated | 9905 | €4,333 | €125 | -€4,209 | -97.1% |
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 27 October 2026 via checked.be.