MD-Technics: 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-Technics
Largest movements
- Receivables within one year -€12,023
down €12,023 (-49.0%), from €24,557 to €12,534
of which Other amounts receivable: -€20,699
- Tangible fixed assets +€6,958
up €6,958 (+192%), from €3,632 to €10,590
of which Plant, machinery and equipment: +€7,685
- Stocks and contracts +€1,798
up €1,798 (+71.5%), from €2,515 to €4,313
- Cash -€1,629
down €1,629 (-44.2%), from €3,685 to €2,055
mainly Investment in fixed assets (net) (-€8,430) and Tax, wage and social debts (-€7,859)
- Tax, wage and social debts -€7,859
down €7,859 (-100%), from €7,859 to €0
- Trade debts +€3,668
up €3,668 (+94.3%), from €3,891 to €7,559
- Reserves -€1,214
down €1,214 (-11.9%), from €10,239 to €9,025
- Other debts +€508
new in 2025: €508
- Gross operating margin -€54,783
down €54,783 (-98.7%), from €55,529 to €746
- Write-downs -€20,442
no longer reported in 2025 (was €20,442)
- Taxes -€8,926
down €8,926 (-100%), from €8,926 to €0
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 | €34,389 | €29,492 | -€4,897 | -14.2% |
| Fixed assets | 21/28 | €3,632 | €10,590 | +€6,958 | +192% |
| Tangible fixed assets | 22/27 | €3,632 | €10,590 | +€6,958 | +192% |
| Plant, machinery and equipment | 23 | €857 | €8,542 | +€7,685 | +897% |
| Furniture and vehicles | 24 | €2,775 | €2,048 | -€727 | -26.2% |
| Current assets | 29/58 | €30,756 | €18,902 | -€11,855 | -38.5% |
| Stocks and contracts in progress | 3 | €2,515 | €4,313 | +€1,798 | +71.5% |
| Stocks | 30/36 | €2,515 | €4,313 | +€1,798 | +71.5% |
| Amounts receivable within one year | 40/41 | €24,557 | €12,534 | -€12,023 | -49.0% |
| Trade receivables | 40 | €3,000 | €11,676 | +€8,676 | +289% |
| Other amounts receivable | 41 | €21,557 | €859 | -€20,699 | -96.0% |
| Cash at bank and in hand | 54/58 | €3,685 | €2,055 | -€1,629 | -44.2% |
| Total equity and liabilities | 10/49 | €34,389 | €29,492 | -€4,897 | -14.2% |
| Equity | 10/15 | €22,639 | €21,425 | -€1,214 | -5.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €10,239 | €9,025 | -€1,214 | -11.9% |
| Distributable reserves | 133 | €10,239 | €9,025 | -€1,214 | -11.9% |
| Amounts payable | 17/49 | €11,750 | €8,067 | -€3,683 | -31.3% |
| Amounts payable within one year | 42/48 | €11,750 | €8,067 | -€3,683 | -31.3% |
| Trade debts | 44 | €3,891 | €7,559 | +€3,668 | +94.3% |
| Suppliers | 440/4 | €3,891 | €7,559 | +€3,668 | +94.3% |
| Taxes, remuneration and social security | 45 | €7,859 | €0 | -€7,859 | -100% |
| Taxes | 450/3 | €7,859 | €0 | -€7,859 | -100% |
| Other amounts payable | 47/48 | - | €508 | +€508 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,640 | €1,472 | -€168 | -10.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €20,442 | - | -€20,442 | |
| Other operating charges | 640/8 | €741 | €387 | -€354 | -47.8% |
| Gross operating margin | 9900 | €55,529 | €746 | -€54,783 | -98.7% |
| Operating profit (loss) | 9901 | €32,706 | -€1,114 | -€33,819 | |
| Financial charges | 65/66B | €50 | €100 | +€50 | +99.7% |
| Recurring financial charges | 65 | €50 | €100 | +€50 | +99.7% |
| Profit (loss) for the period before taxes | 9903 | €32,656 | -€1,214 | -€33,869 | |
| Income taxes | 67/77 | €8,926 | €0 | -€8,926 | -100% |
| Profit (loss) for the period | 9904 | €23,730 | -€1,214 | -€24,943 | |
| Profit (loss) for the period to be appropriated | 9905 | €23,730 | -€1,214 | -€24,943 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.