MD Plafonnage: 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 Plafonnage
Largest movements
- Cash +€17,683
up €17,683 (+49.6%), from €35,637 to €53,320
mainly Trade debts (+€13,089) and Receivables within one year (+€8,679)
- Receivables within one year -€8,679
down €8,679 (-42.3%), from €20,509 to €11,830
of which Trade receivables: -€12,360
- Tangible fixed assets -€7,554
down €7,554 (-59.5%), from €12,697 to €5,142
of which Furniture and vehicles: -€7,264
- Trade debts +€13,089
up €13,089 (+145%), from €9,044 to €22,132
- Profit (loss) carried forward -€12,117
new in 2025: -€12,117
- Tax, wage and social debts +€1,900
up €1,900 (+43.4%), from €4,377 to €6,277
- Accrued charges and deferred income -€1,350
no longer reported in 2025 (was €1,350)
- Gross operating margin -€26,458
down €26,458, from €20,595 to -€5,862
- Staff costs -€3,669
down €3,669, from €1,260 to -€2,409
- Other operating charges -€2,752
down €2,752 (-75.4%), from €3,652 to €900
- Taxes -€2,404
no longer reported in 2025 (was €2,404)
- Financial charges -€755
down €755 (-76.7%), from €985 to €230
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 | €69,206 | €70,729 | +€1,523 | +2.2% |
| Fixed assets | 21/28 | €13,060 | €5,142 | -€7,917 | -60.6% |
| Tangible fixed assets | 22/27 | €12,697 | €5,142 | -€7,554 | -59.5% |
| Plant, machinery and equipment | 23 | €746 | €456 | -€290 | -38.9% |
| Furniture and vehicles | 24 | €11,951 | €4,686 | -€7,264 | -60.8% |
| Financial fixed assets | 28 | €363 | - | -€363 | |
| Current assets | 29/58 | €56,146 | €65,586 | +€9,440 | +16.8% |
| Amounts receivable within one year | 40/41 | €20,509 | €11,830 | -€8,679 | -42.3% |
| Trade receivables | 40 | €15,860 | €3,500 | -€12,360 | -77.9% |
| Other amounts receivable | 41 | €4,650 | €8,330 | +€3,680 | +79.1% |
| Cash at bank and in hand | 54/58 | €35,637 | €53,320 | +€17,683 | +49.6% |
| Deferred charges and accrued income | 490/1 | - | €436 | +€436 | |
| Total equity and liabilities | 10/49 | €69,206 | €70,729 | +€1,523 | +2.2% |
| Equity | 10/15 | €54,436 | €42,319 | -€12,117 | -22.3% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €51,936 | €51,936 | = | 0.0% |
| Distributable reserves | 133 | €51,936 | €51,936 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€12,117 | -€12,117 | |
| Amounts payable | 17/49 | €14,770 | €28,410 | +€13,639 | +92.3% |
| Amounts payable within one year | 42/48 | €13,420 | €28,410 | +€14,989 | +112% |
| Trade debts | 44 | €9,044 | €22,132 | +€13,089 | +145% |
| Suppliers | 440/4 | €9,044 | €22,132 | +€13,089 | +145% |
| Taxes, remuneration and social security | 45 | €4,377 | €6,277 | +€1,900 | +43.4% |
| Taxes | 450/3 | €4,377 | €6,277 | +€1,900 | +43.4% |
| Accrued charges and deferred income | 492/3 | €1,350 | - | -€1,350 | |
| Remuneration, social security and pensions | 62 | €1,260 | -€2,409 | -€3,669 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,585 | €7,554 | -€31 | -0.4% |
| Other operating charges | 640/8 | €3,652 | €900 | -€2,752 | -75.4% |
| Gross operating margin | 9900 | €20,595 | -€5,862 | -€26,458 | |
| Operating profit (loss) | 9901 | €8,098 | -€11,908 | -€20,006 | |
| Financial income | 75/76B | €378 | €21 | -€356 | -94.4% |
| Recurring financial income | 75 | €378 | €21 | -€356 | -94.4% |
| Financial charges | 65/66B | €985 | €230 | -€755 | -76.7% |
| Recurring financial charges | 65 | €985 | €230 | -€755 | -76.7% |
| Profit (loss) for the period before taxes | 9903 | €7,490 | -€12,117 | -€19,607 | |
| Income taxes | 67/77 | €2,404 | - | -€2,404 | |
| Profit (loss) for the period | 9904 | €5,086 | -€12,117 | -€17,203 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,086 | -€12,117 | -€17,203 |
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 28 October 2026 via checked.be.