MD House & Advice: 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 House & Advice
Largest movements
- Tangible fixed assets -€13,150
down €13,150 (-34.0%), from €38,631 to €25,481
of which Furniture and vehicles: -€12,620
- Cash -€9,236
no longer reported in 2025 (was €9,236)
mainly Net result for the year (-€42,105) and Debts after one year (-€10,028)
- Receivables within one year -€1,906
down €1,906 (-58.3%), from €3,269 to €1,363
of which Trade receivables: -€3,090
- Profit (loss) carried forward -€42,105
down €42,105, from €1,010 to -€41,094
- Other debts +€20,424
new in 2025: €20,424
- Debts after one year -€10,028
down €10,028 (-42.2%), from €23,773 to €13,745
- Short-term financial debts +€4,788
new in 2025: €4,788
- Trade debts +€4,266
up €4,266 (+81.7%), from €5,222 to €9,488
- Gross operating margin -€46,352
down €46,352, from €19,290 to -€27,062
- Write-downs -€11,308
no longer reported in 2025 (was €11,308)
- Depreciation +€10,496
up €10,496 (+395%), from €2,654 to €13,150
- Taxes -€2,782
down €2,782 (-95.2%), from €2,922 to €141
- Financial charges +€430
up €430 (+53.6%), from €802 to €1,232
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 | €51,838 | €27,162 | -€24,675 | -47.6% |
| Fixed assets | 21/28 | €38,631 | €25,481 | -€13,150 | -34.0% |
| Tangible fixed assets | 22/27 | €38,631 | €25,481 | -€13,150 | -34.0% |
| Plant, machinery and equipment | 23 | €724 | €428 | -€295 | -40.8% |
| Furniture and vehicles | 24 | €35,879 | €23,259 | -€12,620 | -35.2% |
| Other tangible fixed assets | 26 | €2,029 | €1,793 | -€236 | -11.6% |
| Current assets | 29/58 | €13,206 | €1,681 | -€11,525 | -87.3% |
| Amounts receivable within one year | 40/41 | €3,269 | €1,363 | -€1,906 | -58.3% |
| Trade receivables | 40 | €3,090 | - | -€3,090 | |
| Other amounts receivable | 41 | €180 | €1,363 | +€1,183 | +658% |
| Cash at bank and in hand | 54/58 | €9,236 | - | -€9,236 | |
| Deferred charges and accrued income | 490/1 | €701 | €318 | -€382 | -54.6% |
| Total equity and liabilities | 10/49 | €51,838 | €27,162 | -€24,675 | -47.6% |
| Equity | 10/15 | €7,210 | -€34,895 | -€42,105 | |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €4,200 | €4,200 | = | 0.0% |
| Distributable reserves | 133 | €4,200 | €4,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,010 | -€41,094 | -€42,105 | |
| Amounts payable | 17/49 | €44,628 | €62,057 | +€17,430 | +39.1% |
| Amounts payable after more than one year | 17 | €23,773 | €13,745 | -€10,028 | -42.2% |
| Financial debts | 170/4 | €23,773 | €13,745 | -€10,028 | -42.2% |
| Amounts payable within one year | 42/48 | €20,286 | €47,791 | +€27,505 | +136% |
| Current portion of amounts payable after more than one year | 42 | €9,632 | €10,028 | +€395 | +4.1% |
| Financial debts | 43 | - | €4,788 | +€4,788 | |
| Credit institutions | 430/8 | - | €4,788 | +€4,788 | |
| Trade debts | 44 | €5,222 | €9,488 | +€4,266 | +81.7% |
| Suppliers | 440/4 | €5,222 | €9,488 | +€4,266 | +81.7% |
| Taxes, remuneration and social security | 45 | €5,432 | €3,063 | -€2,369 | -43.6% |
| Taxes | 450/3 | €2,932 | €3,063 | +€131 | +4.5% |
| Remuneration and social security | 454/9 | €2,500 | - | -€2,500 | |
| Other amounts payable | 47/48 | - | €20,424 | +€20,424 | |
| Accrued charges and deferred income | 492/3 | €568 | €520 | -€48 | -8.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,654 | €13,150 | +€10,496 | +395% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €11,308 | - | -€11,308 | |
| Other operating charges | 640/8 | €593 | €520 | -€74 | -12.4% |
| Gross operating margin | 9900 | €19,290 | -€27,062 | -€46,352 | |
| Operating profit (loss) | 9901 | €4,735 | -€40,732 | -€45,467 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €802 | €1,232 | +€430 | +53.6% |
| Recurring financial charges | 65 | €802 | €1,232 | +€430 | +53.6% |
| Profit (loss) for the period before taxes | 9903 | €3,933 | -€41,964 | -€45,897 | |
| Income taxes | 67/77 | €2,922 | €141 | -€2,782 | -95.2% |
| Profit (loss) for the period | 9904 | €1,010 | -€42,105 | -€43,115 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,010 | -€42,105 | -€43,115 |
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 29 October 2026 via checked.be.