MD PRO INSTAL: 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 PRO INSTAL
Largest movements
- Receivables within one year -€34,911
down €34,911 (-33.8%), from €103,342 to €68,432
of which Trade receivables: -€32,063
- Cash +€31,626
up €31,626 (+32.0%), from €98,697 to €130,323
mainly Net result for the year (+€83,900) and Other debts (+€60,225)
- Stocks and contracts +€5,224
up €5,224 (+92.3%), from €5,661 to €10,885
- Financial fixed assets +€5,000
new in 2025: €5,000
- Other debts +€60,225
up €60,225 (+39.8%), from €151,364 to €211,589
- Tax, wage and social debts -€33,864
no longer reported in 2025 (was €33,864)
- Profit (loss) carried forward -€13,904
no longer reported in 2025 (was €13,904)
- Trade debts -€4,692
down €4,692 (-27.6%), from €17,029 to €12,337
- Gross operating margin +€88,935
up €88,935 (+376%), from €23,636 to €112,571
- Taxes +€17,949
up €17,949 (+306%), from €5,864 to €23,813
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 | €217,661 | €225,426 | +€7,764 | +3.6% |
| Fixed assets | 21/28 | €9,584 | €15,615 | +€6,032 | +62.9% |
| Tangible fixed assets | 22/27 | €9,584 | €10,615 | +€1,032 | +10.8% |
| Plant, machinery and equipment | 23 | €3,678 | €4,779 | +€1,101 | +29.9% |
| Furniture and vehicles | 24 | €5,906 | €5,837 | -€70 | -1.2% |
| Financial fixed assets | 28 | - | €5,000 | +€5,000 | |
| Current assets | 29/58 | €208,077 | €209,810 | +€1,733 | +0.8% |
| Stocks and contracts in progress | 3 | €5,661 | €10,885 | +€5,224 | +92.3% |
| Stocks | 30/36 | €5,661 | €10,885 | +€5,224 | +92.3% |
| Amounts receivable within one year | 40/41 | €103,342 | €68,432 | -€34,911 | -33.8% |
| Trade receivables | 40 | €92,604 | €60,540 | -€32,063 | -34.6% |
| Other amounts receivable | 41 | €10,739 | €7,892 | -€2,847 | -26.5% |
| Cash at bank and in hand | 54/58 | €98,697 | €130,323 | +€31,626 | +32.0% |
| Deferred charges and accrued income | 490/1 | €377 | €171 | -€207 | -54.8% |
| Total equity and liabilities | 10/49 | €217,661 | €225,426 | +€7,764 | +3.6% |
| Equity | 10/15 | €15,404 | €1,500 | -€13,904 | -90.3% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,904 | - | -€13,904 | |
| Amounts payable | 17/49 | €202,257 | €223,926 | +€21,668 | +10.7% |
| Amounts payable within one year | 42/48 | €202,257 | €223,926 | +€21,668 | +10.7% |
| Trade debts | 44 | €17,029 | €12,337 | -€4,692 | -27.6% |
| Suppliers | 440/4 | €17,029 | €12,337 | -€4,692 | -27.6% |
| Taxes, remuneration and social security | 45 | €33,864 | - | -€33,864 | |
| Taxes | 450/3 | €33,864 | - | -€33,864 | |
| Other amounts payable | 47/48 | €151,364 | €211,589 | +€60,225 | +39.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,426 | €4,429 | +€1,003 | +29.3% |
| Other operating charges | 640/8 | €543 | €404 | -€138 | -25.5% |
| Gross operating margin | 9900 | €23,636 | €112,571 | +€88,935 | +376% |
| Operating profit (loss) | 9901 | €19,667 | €107,738 | +€88,070 | +448% |
| Financial income | 75/76B | €441 | €261 | -€180 | -40.8% |
| Recurring financial income | 75 | €441 | €261 | -€180 | -40.8% |
| Financial charges | 65/66B | €340 | €286 | -€54 | -16.0% |
| Recurring financial charges | 65 | €340 | €286 | -€54 | -16.0% |
| Profit (loss) for the period before taxes | 9903 | €19,768 | €107,713 | +€87,945 | +445% |
| Income taxes | 67/77 | €5,864 | €23,813 | +€17,949 | +306% |
| Profit (loss) for the period | 9904 | €13,904 | €83,900 | +€69,996 | +503% |
| Profit (loss) for the period to be appropriated | 9905 | €13,904 | €83,900 | +€69,996 | +503% |
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.