MD TRADUCTION: 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 TRADUCTION
Largest movements
- Receivables within one year +€3,431
up €3,431 (+21.0%), from €16,337 to €19,768
- Cash +€1,304
up €1,304 (+7.0%), from €18,632 to €19,936
mainly Net result for the year (+€7,110) and Depreciation (+€1,451)
- Reserves +€7,000
up €7,000 (+25.9%), from €27,000 to €34,000
- Trade debts -€2,245
down €2,245 (-59.9%), from €3,745 to €1,500
- Other debts -€1,166
down €1,166 (-42.9%), from €2,717 to €1,551
- Tax, wage and social debts +€777
up €777 (+18.8%), from €4,134 to €4,911
- Gross operating margin +€5,593
up €5,593 (+61.2%), from €9,141 to €14,734
- Depreciation -€981
down €981 (-40.3%), from €2,432 to €1,451
- Taxes +€969
up €969 (+60.4%), from €1,604 to €2,573
- Staff costs +€576
new in 2025: €576
- Other operating charges -€235
down €235 (-34.2%), from €687 to €452
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 | €39,520 | €44,080 | +€4,560 | +11.5% |
| Fixed assets | 21/28 | €2,466 | €2,237 | -€229 | -9.3% |
| Tangible fixed assets | 22/27 | €2,466 | €2,237 | -€229 | -9.3% |
| Furniture and vehicles | 24 | €2,466 | €2,237 | -€229 | -9.3% |
| Current assets | 29/58 | €37,054 | €41,843 | +€4,789 | +12.9% |
| Amounts receivable within one year | 40/41 | €16,337 | €19,768 | +€3,431 | +21.0% |
| Trade receivables | 40 | €16,337 | €19,768 | +€3,431 | +21.0% |
| Cash at bank and in hand | 54/58 | €18,632 | €19,936 | +€1,304 | +7.0% |
| Deferred charges and accrued income | 490/1 | €2,085 | €2,139 | +€54 | +2.6% |
| Total equity and liabilities | 10/49 | €39,520 | €44,080 | +€4,560 | +11.5% |
| Equity | 10/15 | €28,752 | €35,862 | +€7,110 | +24.7% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €27,000 | €34,000 | +€7,000 | +25.9% |
| Distributable reserves | 133 | €27,000 | €34,000 | +€7,000 | +25.9% |
| Profit (loss) carried forward | 14 | €752 | €862 | +€110 | +14.6% |
| Amounts payable | 17/49 | €10,768 | €8,218 | -€2,550 | -23.7% |
| Amounts payable within one year | 42/48 | €10,596 | €7,962 | -€2,634 | -24.9% |
| Trade debts | 44 | €3,745 | €1,500 | -€2,245 | -59.9% |
| Suppliers | 440/4 | €3,745 | €1,500 | -€2,245 | -59.9% |
| Taxes, remuneration and social security | 45 | €4,134 | €4,911 | +€777 | +18.8% |
| Taxes | 450/3 | €4,134 | €4,911 | +€777 | +18.8% |
| Other amounts payable | 47/48 | €2,717 | €1,551 | -€1,166 | -42.9% |
| Accrued charges and deferred income | 492/3 | €172 | €256 | +€84 | +48.8% |
| Remuneration, social security and pensions | 62 | - | €576 | +€576 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,432 | €1,451 | -€981 | -40.3% |
| Other operating charges | 640/8 | €687 | €452 | -€235 | -34.2% |
| Gross operating margin | 9900 | €9,141 | €14,734 | +€5,593 | +61.2% |
| Operating profit (loss) | 9901 | €6,022 | €12,255 | +€6,233 | +104% |
| Financial income | 75/76B | €152 | €5 | -€147 | -96.7% |
| Recurring financial income | 75 | €152 | €5 | -€147 | -96.7% |
| Financial charges | 65/66B | €2,389 | €2,577 | +€188 | +7.9% |
| Recurring financial charges | 65 | €2,389 | €2,577 | +€188 | +7.9% |
| Profit (loss) for the period before taxes | 9903 | €3,785 | €9,683 | +€5,898 | +156% |
| Income taxes | 67/77 | €1,604 | €2,573 | +€969 | +60.4% |
| Profit (loss) for the period | 9904 | €2,181 | €7,110 | +€4,929 | +226% |
| Profit (loss) for the period to be appropriated | 9905 | €2,181 | €7,110 | +€4,929 | +226% |
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 15 October 2026 via checked.be.