MD TECHNICS: what changed
What changed
MD TECHNICS
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
€146,047
2024 · €124,192+€21,855
Equity
€685,103
2024 · €596,206+€88,897
Cash
€109,236
2024 · €29,987+€79,250
Balance sheet total
€710,160
2024 · €732,708-€22,548
Largest movements
Assets
- Current investments -€100,000
down €100,000 (-100%), from €100,000 to €0
- Cash +€79,250
up €79,250 (+264%), from €29,987 to €109,236
mainly Net result for the year (+€146,047) and Current investments (+€100,000)
Equity and liabilities
- Other debts -€108,396
down €108,396 (-96.2%), from €112,704 to €4,308
- Reserves +€88,897
up €88,897 (+15.2%), from €583,461 to €672,358
Income statement
- Financial income +€17,345
up €17,345 (+12.9%), from €134,000 to €151,345
- Gross operating margin +€7,704
up €7,704 (+57.1%), from €13,485 to €21,189
- Taxes +€4,158
up €4,158 (+30.2%), from €13,772 to €17,930
- Depreciation -€715
down €715 (-52.1%), from €1,372 to €658
- Financial charges -€270
down €270 (-5.3%), from €5,071 to €4,801
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€124,192
Gross operating margin
+€7,704
Depreciation
+€715
Other operating charges
-€22
Financial income
+€17,345
Financial charges
+€270
Taxes
-€4,158
Result 2025
€146,047
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€36,400
Investment
+€100,000
Financing
-€57,150
Cash 2024
€29,987
From operations (derived)
+€36,400
Net result for the year
+€146,047
Depreciation
+€658
Receivables within one year
-€1,849
Deferred charges and accrued income
+€2,989
Trade debts
-€3,402
Tax, wage and social debts
+€353
Other debts
-€108,396
Investment (derived)
+€100,000
Current investments
+€100,000
Financing
-€57,150
Contributions, distributions and other
-€57,150
Cash 2025
€109,236
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €732,708 | €710,160 | -€22,548 | -3.1% |
| Fixed assets | 21/28 | €584,830 | €584,172 | -€658 | -0.1% |
| Tangible fixed assets | 22/27 | €1,741 | €1,083 | -€658 | -37.8% |
| Furniture and vehicles | 24 | €314 | €0 | -€314 | -100% |
| Other tangible fixed assets | 26 | €1,427 | €1,083 | -€344 | -24.1% |
| Financial fixed assets | 28 | €583,089 | €583,089 | = | 0.0% |
| Current assets | 29/58 | €147,878 | €125,988 | -€21,890 | -14.8% |
| Amounts receivable within one year | 40/41 | €13,915 | €15,764 | +€1,849 | +13.3% |
| Trade receivables | 40 | €13,915 | €13,915 | = | 0.0% |
| Other amounts receivable | 41 | - | €1,849 | +€1,849 | |
| Current investments | 50/53 | €100,000 | €0 | -€100,000 | -100% |
| Cash at bank and in hand | 54/58 | €29,987 | €109,236 | +€79,250 | +264% |
| Deferred charges and accrued income | 490/1 | €3,977 | €988 | -€2,989 | -75.2% |
| Total equity and liabilities | 10/49 | €732,708 | €710,160 | -€22,548 | -3.1% |
| Equity | 10/15 | €596,206 | €685,103 | +€88,897 | +14.9% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €583,461 | €672,358 | +€88,897 | +15.2% |
| Distributable reserves | 133 | €583,461 | €672,358 | +€88,897 | +15.2% |
| Profit (loss) carried forward | 14 | €245 | €245 | = | 0.0% |
| Amounts payable | 17/49 | €136,502 | €25,058 | -€111,445 | -81.6% |
| Amounts payable within one year | 42/48 | €136,502 | €25,058 | -€111,445 | -81.6% |
| Trade debts | 44 | €4,804 | €1,402 | -€3,402 | -70.8% |
| Suppliers | 440/4 | €4,804 | €1,402 | -€3,402 | -70.8% |
| Taxes, remuneration and social security | 45 | €18,995 | €19,348 | +€353 | +1.9% |
| Taxes | 450/3 | €18,995 | €19,348 | +€353 | +1.9% |
| Other amounts payable | 47/48 | €112,704 | €4,308 | -€108,396 | -96.2% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,372 | €658 | -€715 | -52.1% |
| Other operating charges | 640/8 | €3,077 | €3,099 | +€22 | +0.7% |
| Gross operating margin | 9900 | €13,485 | €21,189 | +€7,704 | +57.1% |
| Operating profit (loss) | 9901 | €9,035 | €17,433 | +€8,398 | +92.9% |
| Financial income | 75/76B | €134,000 | €151,345 | +€17,345 | +12.9% |
| Recurring financial income | 75 | €134,000 | €151,345 | +€17,345 | +12.9% |
| Financial charges | 65/66B | €5,071 | €4,801 | -€270 | -5.3% |
| Recurring financial charges | 65 | €5,071 | €4,801 | -€270 | -5.3% |
| Profit (loss) for the period before taxes | 9903 | €137,964 | €163,977 | +€26,013 | +18.9% |
| Income taxes | 67/77 | €13,772 | €17,930 | +€4,158 | +30.2% |
| Profit (loss) for the period | 9904 | €124,192 | €146,047 | +€21,855 | +17.6% |
| Profit (loss) for the period to be appropriated | 9905 | €124,192 | €146,047 | +€21,855 | +17.6% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.