MD Management: what changed
Two fiscal 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 Management
Largest movements
- Current investments +€30,000
up €30,000 (+32.6%), from €92,000 to €122,000
- Receivables within one year +€7,925
up €7,925 (+49.0%), from €16,165 to €24,090
- Cash +€2,877
up €2,877 (+22.0%), from €13,097 to €15,975
mainly Net result for the year (+€24,805) and Tax, wage and social debts (+€7,966)
- Profit (loss) carried forward +€24,805
up €24,805 (+84.4%), from €29,399 to €54,204
- Tax, wage and social debts +€7,966
up €7,966 (+19.5%), from €40,809 to €48,775
of which Taxes: +€7,966
- Trade debts +€7,331
up €7,331 (+57.3%), from €12,794 to €20,125
- Gross operating margin +€8,311
up €8,311 (+28.2%), from €29,479 to €37,790
- Taxes +€6,472
up €6,472 (+110.4%), from €5,861 to €12,333
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €121,263 | €162,065 | +€40,802 | +33.6% |
| Current assets | 29/58 | €121,263 | €162,065 | +€40,802 | +33.6% |
| Amounts receivable within one year | 40/41 | €16,165 | €24,090 | +€7,925 | +49.0% |
| Trade receivables | 40 | €16,165 | €24,090 | +€7,925 | +49.0% |
| Current investments | 50/53 | €92,000 | €122,000 | +€30,000 | +32.6% |
| Cash at bank and in hand | 54/58 | €13,097 | €15,975 | +€2,877 | +22.0% |
| Total equity and liabilities | 10/49 | €121,263 | €162,065 | +€40,802 | +33.6% |
| Equity | 10/15 | €33,899 | €58,704 | +€24,805 | +73.2% |
| Contributions | 10/11 | €4,500 | €4,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €29,399 | €54,204 | +€24,805 | +84.4% |
| Amounts payable | 17/49 | €87,364 | €103,361 | +€15,997 | +18.3% |
| Amounts payable within one year | 42/48 | €87,364 | €103,361 | +€15,997 | +18.3% |
| Trade debts | 44 | €12,794 | €20,125 | +€7,331 | +57.3% |
| Suppliers | 440/4 | €12,794 | €20,125 | +€7,331 | +57.3% |
| Taxes, remuneration and social security | 45 | €40,809 | €48,775 | +€7,966 | +19.5% |
| Taxes | 450/3 | €13,809 | €21,775 | +€7,966 | +57.7% |
| Remuneration and social security | 454/9 | €27,000 | €27,000 | = | 0.0% |
| Other amounts payable | 47/48 | €33,762 | €34,461 | +€699 | +2.1% |
| Other operating charges | 640/8 | €348 | €387 | +€40 | +11.5% |
| Gross operating margin | 9900 | €29,479 | €37,790 | +€8,311 | +28.2% |
| Operating profit (loss) | 9901 | €29,131 | €37,403 | +€8,271 | +28.4% |
| Financial income | 75/76B | €1 | €18 | +€18 | +3588.0% |
| Recurring financial income | 75 | €1 | €18 | +€18 | +3588.0% |
| Financial charges | 65/66B | €177 | €284 | +€107 | +60.6% |
| Recurring financial charges | 65 | €177 | €284 | +€107 | +60.6% |
| Profit (loss) for the period before taxes | 9903 | €28,955 | €37,137 | +€8,182 | +28.3% |
| Income taxes | 67/77 | €5,861 | €12,333 | +€6,472 | +110.4% |
| Profit (loss) for the period | 9904 | €23,095 | €24,805 | +€1,710 | +7.4% |
| Profit (loss) for the period to be appropriated | 9905 | €23,095 | €24,805 | +€1,710 | +7.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.