MD ONE: 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 ONE
Largest movements
- Receivables within one year +€40,000
up €40,000 (+821.2%), from €4,871 to €44,871
of which Other amounts receivable: +€40,000
- Cash -€20,140
no longer reported in 2025 (was €20,140)
mainly Receivables within one year (-€40,000) and Current investments (-€10,192)
- Current investments +€10,192
new in 2025: €10,192
- Tangible fixed assets -€8,023
down €8,023 (-21.3%), from €37,694 to €29,671
- Receivables after one year -€3,436
down €3,436 (-10.0%), from €34,414 to €30,978
- Profit (loss) carried forward +€22,498
up €22,498 (+32.2%), from €69,945 to €92,443
- Contributions -€18,600
no longer reported in 2025 (was €18,600)
- Revaluation surpluses +€18,600
new in 2025: €18,600
- Trade debts -€1,982
down €1,982 (-85.5%), from €2,319 to €337
- Tax, wage and social debts -€1,924
no longer reported in 2025 (was €1,924)
- Gross operating margin +€17,150
up €17,150 (+86.3%), from €19,877 to €37,027
- Taxes +€1,133
new in 2025: €1,133
- Financial income +€581
up €581 (+100.0%), from €581 to €1,162
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.
Cash bridge derived
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 | €97,119 | €115,711 | +€18,592 | +19.1% |
| Fixed assets | 21/28 | €37,694 | €29,671 | -€8,023 | -21.3% |
| Tangible fixed assets | 22/27 | €37,694 | €29,671 | -€8,023 | -21.3% |
| Land and buildings | 22 | €37,694 | €29,671 | -€8,023 | -21.3% |
| Current assets | 29/58 | €59,425 | €86,041 | +€26,615 | +44.8% |
| Amounts receivable after more than one year | 29 | €34,414 | €30,978 | -€3,436 | -10.0% |
| Other amounts receivable | 291 | €34,414 | €30,978 | -€3,436 | -10.0% |
| Amounts receivable within one year | 40/41 | €4,871 | €44,871 | +€40,000 | +821.2% |
| Trade receivables | 40 | €4,871 | €4,871 | = | 0.0% |
| Other amounts receivable | 41 | - | €40,000 | +€40,000 | |
| Current investments | 50/53 | - | €10,192 | +€10,192 | |
| Cash at bank and in hand | 54/58 | €20,140 | - | -€20,140 | |
| Total equity and liabilities | 10/49 | €97,119 | €115,711 | +€18,592 | +19.1% |
| Equity | 10/15 | €92,876 | €115,374 | +€22,498 | +24.2% |
| Contributions | 10/11 | €18,600 | - | -€18,600 | |
| Revaluation surpluses | 12 | - | €18,600 | +€18,600 | |
| Reserves | 13 | €4,331 | €4,331 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €2,471 | €2,471 | = | 0.0% |
| Profit (loss) carried forward | 14 | €69,945 | €92,443 | +€22,498 | +32.2% |
| Amounts payable | 17/49 | €4,243 | €337 | -€3,906 | -92.1% |
| Amounts payable within one year | 42/48 | €4,243 | €337 | -€3,906 | -92.1% |
| Trade debts | 44 | €2,319 | €337 | -€1,982 | -85.5% |
| Suppliers | 440/4 | €2,319 | €337 | -€1,982 | -85.5% |
| Taxes, remuneration and social security | 45 | €1,924 | - | -€1,924 | |
| Remuneration and social security | 454/9 | €1,924 | - | -€1,924 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,023 | €8,023 | = | 0.0% |
| Other operating charges | 640/8 | €6,659 | €6,534 | -€126 | -1.9% |
| Gross operating margin | 9900 | €19,877 | €37,027 | +€17,150 | +86.3% |
| Operating profit (loss) | 9901 | €5,194 | €22,470 | +€17,275 | +332.6% |
| Financial income | 75/76B | €581 | €1,162 | +€581 | +100.0% |
| Recurring financial income | 75 | €581 | €1,162 | +€581 | +100.0% |
| Financial charges | 65/66B | €179 | - | -€179 | |
| Recurring financial charges | 65 | €179 | - | -€179 | |
| Profit (loss) for the period before taxes | 9903 | €5,596 | €23,631 | +€18,035 | +322.3% |
| Income taxes | 67/77 | - | €1,133 | +€1,133 | |
| Profit (loss) for the period | 9904 | €5,596 | €22,498 | +€16,902 | +302.0% |
| Profit (loss) for the period to be appropriated | 9905 | €5,596 | €22,498 | +€16,902 | +302.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.