MD Software: 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 Software
Largest movements
- Cash +€17,594
up €17,594 (+50.7%), from €34,712 to €52,306
mainly Net result for the year (+€19,705) and Receivables within one year (+€13,757)
- Receivables within one year -€13,757
down €13,757 (-96.0%), from €14,334 to €577
of which Trade receivables: -€13,705
- Profit (loss) carried forward +€18,872
up €18,872 (+56.9%), from €33,141 to €52,013
- Debts after one year -€7,354
down €7,354 (-31.1%), from €23,667 to €16,314
- Tax, wage and social debts -€5,937
down €5,937 (-41.4%), from €14,331 to €8,394
of which Taxes: -€8,382
- Short-term financial debts -€2,710
down €2,710 (-94.1%), from €2,879 to €169
of which Credit institutions: -€2,879
- Other debts +€1,377
up €1,377 (+112.2%), from €1,227 to €2,605
- Gross operating margin -€14,109
down €14,109 (-26.8%), from €52,706 to €38,597
- Depreciation +€3,681
up €3,681 (+43.9%), from €8,385 to €12,066
- Taxes -€3,544
down €3,544 (-40.5%), from €8,742 to €5,198
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 | €92,656 | €95,963 | +€3,307 | +3.6% |
| Formation expenses | 20 | €110 | €0 | -€110 | -100.0% |
| Fixed assets | 21/28 | €42,351 | €41,952 | -€398 | -0.9% |
| Tangible fixed assets | 22/27 | €42,351 | €41,952 | -€398 | -0.9% |
| Furniture and vehicles | 24 | €10,471 | €6,847 | -€3,624 | -34.6% |
| Leasing and similar rights | 25 | €30,686 | €23,313 | -€7,374 | -24.0% |
| Other tangible fixed assets | 26 | €1,193 | €11,793 | +€10,600 | +888.5% |
| Current assets | 29/58 | €50,196 | €54,011 | +€3,815 | +7.6% |
| Amounts receivable within one year | 40/41 | €14,334 | €577 | -€13,757 | -96.0% |
| Trade receivables | 40 | €14,282 | €577 | -€13,705 | -96.0% |
| Other amounts receivable | 41 | €52 | €0 | -€52 | -100.0% |
| Cash at bank and in hand | 54/58 | €34,712 | €52,306 | +€17,594 | +50.7% |
| Deferred charges and accrued income | 490/1 | €1,149 | €1,127 | -€22 | -1.9% |
| Total equity and liabilities | 10/49 | €92,656 | €95,963 | +€3,307 | +3.6% |
| Equity | 10/15 | €37,141 | €56,013 | +€18,872 | +50.8% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €33,141 | €52,013 | +€18,872 | +56.9% |
| Amounts payable | 17/49 | €55,515 | €39,950 | -€15,565 | -28.0% |
| Amounts payable after more than one year | 17 | €23,667 | €16,314 | -€7,354 | -31.1% |
| Financial debts | 170/4 | €23,667 | €16,314 | -€7,354 | -31.1% |
| Amounts payable within one year | 42/48 | €31,848 | €23,636 | -€8,211 | -25.8% |
| Current portion of amounts payable after more than one year | 42 | €7,245 | €7,354 | +€109 | +1.5% |
| Financial debts | 43 | €2,879 | €169 | -€2,710 | -94.1% |
| Credit institutions | 430/8 | €2,879 | €0 | -€2,879 | -100.0% |
| Other loans | 439 | - | €169 | +€169 | |
| Trade debts | 44 | €6,165 | €5,115 | -€1,051 | -17.0% |
| Suppliers | 440/4 | €6,165 | €5,115 | -€1,051 | -17.0% |
| Taxes, remuneration and social security | 45 | €14,331 | €8,394 | -€5,937 | -41.4% |
| Taxes | 450/3 | €14,285 | €5,903 | -€8,382 | -58.7% |
| Remuneration and social security | 454/9 | €46 | €2,491 | +€2,445 | +5325.1% |
| Other amounts payable | 47/48 | €1,227 | €2,605 | +€1,377 | +112.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,385 | €12,066 | +€3,681 | +43.9% |
| Other operating charges | 640/8 | €954 | €949 | -€4 | -0.5% |
| Gross operating margin | 9900 | €52,706 | €38,597 | -€14,109 | -26.8% |
| Operating profit (loss) | 9901 | €43,367 | €25,581 | -€17,786 | -41.0% |
| Financial income | 75/76B | - | €13 | +€13 | |
| Recurring financial income | 75 | - | €13 | +€13 | |
| Financial charges | 65/66B | €651 | €692 | +€40 | +6.2% |
| Recurring financial charges | 65 | €651 | €692 | +€40 | +6.2% |
| Profit (loss) for the period before taxes | 9903 | €42,716 | €24,903 | -€17,813 | -41.7% |
| Income taxes | 67/77 | €8,742 | €5,198 | -€3,544 | -40.5% |
| Profit (loss) for the period | 9904 | €33,974 | €19,705 | -€14,269 | -42.0% |
| Profit (loss) for the period to be appropriated | 9905 | €33,974 | €19,705 | -€14,269 | -42.0% |
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 7 October 2026 via checked.be.