MD Tooth: 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 Tooth
Largest movements
- Tangible fixed assets -€52,931
down €52,931 (-7.4%), from €713,755 to €660,824
- Cash +€7,958
up €7,958 (+83.0%), from €9,584 to €17,542
mainly Depreciation (+€63,353) and Deferred charges and accrued income (+€5,458)
- Debts after one year -€55,538
down €55,538 (-10.0%), from €555,440 to €499,902
- Gross operating margin +€23,041
up €23,041 (+23.2%), from €99,486 to €122,527
- Staff costs -€12,933
down €12,933 (-30.3%), from €42,680 to €29,747
- Financial charges +€12,620
up €12,620 (+142.2%), from €8,873 to €21,493
- Depreciation +€12,321
up €12,321 (+24.1%), from €51,032 to €63,353
- Other operating charges -€1,411
down €1,411 (-34.3%), from €4,113 to €2,702
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 | €766,384 | €716,848 | -€49,536 | -6.5% |
| Fixed assets | 21/28 | €713,755 | €660,824 | -€52,931 | -7.4% |
| Tangible fixed assets | 22/27 | €713,755 | €660,824 | -€52,931 | -7.4% |
| Land and buildings | 22 | €530,399 | €504,126 | -€26,273 | -5.0% |
| Plant, machinery and equipment | 23 | €164,873 | €143,567 | -€21,306 | -12.9% |
| Furniture and vehicles | 24 | €18,482 | €13,131 | -€5,352 | -29.0% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Current assets | 29/58 | €52,629 | €56,024 | +€3,395 | +6.5% |
| Stocks and contracts in progress | 3 | €24,688 | €25,628 | +€940 | +3.8% |
| Stocks | 30/36 | €24,688 | €25,628 | +€940 | +3.8% |
| Amounts receivable within one year | 40/41 | €45 | €0 | -€45 | -100.0% |
| Other amounts receivable | 41 | €45 | €0 | -€45 | -100.0% |
| Cash at bank and in hand | 54/58 | €9,584 | €17,542 | +€7,958 | +83.0% |
| Deferred charges and accrued income | 490/1 | €18,312 | €12,854 | -€5,458 | -29.8% |
| Total equity and liabilities | 10/49 | €766,384 | €716,848 | -€49,536 | -6.5% |
| Equity | 10/15 | €5,784 | €7,517 | +€1,732 | +30.0% |
| Contributions | 10/11 | €7,500 | €7,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,716 | €17 | +€1,732 | |
| Amounts payable | 17/49 | €760,600 | €709,331 | -€51,268 | -6.7% |
| Amounts payable after more than one year | 17 | €555,440 | €499,902 | -€55,538 | -10.0% |
| Financial debts | 170/4 | €555,440 | €499,902 | -€55,538 | -10.0% |
| Amounts payable within one year | 42/48 | €205,160 | €209,430 | +€4,270 | +2.1% |
| Current portion of amounts payable after more than one year | 42 | €53,386 | €55,134 | +€1,749 | +3.3% |
| Trade debts | 44 | €9,976 | €13,988 | +€4,012 | +40.2% |
| Suppliers | 440/4 | €9,976 | €13,988 | +€4,012 | +40.2% |
| Taxes, remuneration and social security | 45 | €19,970 | €23,261 | +€3,290 | +16.5% |
| Taxes | 450/3 | €2,706 | €6,862 | +€4,156 | +153.6% |
| Remuneration and social security | 454/9 | €17,265 | €16,399 | -€866 | -5.0% |
| Other amounts payable | 47/48 | €121,827 | €117,047 | -€4,781 | -3.9% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €3,875 | €0 | -€3,875 | -100.0% |
| Remuneration, social security and pensions | 62 | €42,680 | €29,747 | -€12,933 | -30.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,032 | €63,353 | +€12,321 | +24.1% |
| Other operating charges | 640/8 | €4,113 | €2,702 | -€1,411 | -34.3% |
| Non-recurring operating charges | 66A | €122 | €2,342 | +€2,219 | +1814.6% |
| Gross operating margin | 9900 | €99,486 | €122,527 | +€23,041 | +23.2% |
| Operating profit (loss) | 9901 | €1,539 | €24,383 | +€22,844 | +1484.7% |
| Financial income | 75/76B | €17 | €21 | +€4 | +22.3% |
| Recurring financial income | 75 | €17 | €21 | +€4 | +22.3% |
| Financial charges | 65/66B | €8,873 | €21,493 | +€12,620 | +142.2% |
| Recurring financial charges | 65 | €8,873 | €21,493 | +€12,620 | +142.2% |
| Profit (loss) for the period before taxes | 9903 | -€7,317 | €2,910 | +€10,228 | |
| Income taxes | 67/77 | €157 | €1,178 | +€1,021 | +651.7% |
| Profit (loss) for the period | 9904 | -€7,474 | €1,732 | +€9,206 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,474 | €1,732 | +€9,206 |
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 2 October 2026 via checked.be.