MD UNIVERSAL: 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 UNIVERSAL
Largest movements
- Receivables within one year +€67,702
up €67,702 (+109.2%), from €62,016 to €129,717
of which Trade receivables: +€36,347
- Tangible fixed assets -€25,737
down €25,737 (-7.9%), from €324,562 to €298,825
of which Leasing and similar rights: -€17,026
- Profit (loss) carried forward +€29,911
up €29,911 (+45.4%), from €65,831 to €95,742
- Trade debts +€28,555
up €28,555 (+55.6%), from €51,351 to €79,906
- Debts after one year -€21,947
down €21,947 (-7.6%), from €287,612 to €265,665
- Tax, wage and social debts +€16,347
up €16,347 (+239.1%), from €6,837 to €23,184
of which Taxes: +€15,564
- Other debts -€10,092
down €10,092 (-98.2%), from €10,273 to €181
- Gross operating margin +€42,698
up €42,698 (+61.1%), from €69,831 to €112,529
- Taxes +€16,197
up €16,197 (+1100.5%), from €1,472 to €17,669
- Staff costs -€2,642
down €2,642 (-10.6%), from €24,934 to €22,292
- Other operating charges +€1,192
up €1,192 (+55.7%), from €2,140 to €3,332
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €456,299 | €496,990 | +€40,692 | +8.9% |
| Fixed assets | 21/28 | €335,962 | €310,225 | -€25,737 | -7.7% |
| Tangible fixed assets | 22/27 | €324,562 | €298,825 | -€25,737 | -7.9% |
| Furniture and vehicles | 24 | €18,482 | €13,462 | -€5,021 | -27.2% |
| Leasing and similar rights | 25 | €299,174 | €282,148 | -€17,026 | -5.7% |
| Other tangible fixed assets | 26 | €6,906 | €3,215 | -€3,690 | -53.4% |
| Financial fixed assets | 28 | €11,400 | €11,400 | = | 0.0% |
| Current assets | 29/58 | €120,337 | €186,765 | +€66,428 | +55.2% |
| Amounts receivable within one year | 40/41 | €62,016 | €129,717 | +€67,702 | +109.2% |
| Trade receivables | 40 | €53,370 | €89,717 | +€36,347 | +68.1% |
| Other amounts receivable | 41 | €8,646 | €40,000 | +€31,354 | +362.7% |
| Cash at bank and in hand | 54/58 | €56,900 | €55,833 | -€1,068 | -1.9% |
| Deferred charges and accrued income | 490/1 | €1,421 | €1,215 | -€205 | -14.5% |
| Total equity and liabilities | 10/49 | €456,299 | €496,990 | +€40,692 | +8.9% |
| Equity | 10/15 | €73,891 | €103,802 | +€29,911 | +40.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €65,831 | €95,742 | +€29,911 | +45.4% |
| Amounts payable | 17/49 | €382,408 | €393,188 | +€10,781 | +2.8% |
| Amounts payable after more than one year | 17 | €287,612 | €265,665 | -€21,947 | -7.6% |
| Financial debts | 170/4 | €287,612 | €265,665 | -€21,947 | -7.6% |
| Amounts payable within one year | 42/48 | €92,282 | €127,523 | +€35,241 | +38.2% |
| Current portion of amounts payable after more than one year | 42 | €23,821 | €24,252 | +€431 | +1.8% |
| Trade debts | 44 | €51,351 | €79,906 | +€28,555 | +55.6% |
| Suppliers | 440/4 | €51,351 | €79,906 | +€28,555 | +55.6% |
| Taxes, remuneration and social security | 45 | €6,837 | €23,184 | +€16,347 | +239.1% |
| Taxes | 450/3 | €5,896 | €21,459 | +€15,564 | +264.0% |
| Remuneration and social security | 454/9 | €941 | €1,725 | +€783 | +83.2% |
| Other amounts payable | 47/48 | €10,273 | €181 | -€10,092 | -98.2% |
| Accrued charges and deferred income | 492/3 | €2,513 | - | -€2,513 | |
| Non-recurring operating income | 76A | - | €3,796 | +€3,796 | |
| Remuneration, social security and pensions | 62 | €24,934 | €22,292 | -€2,642 | -10.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,479 | €26,590 | -€889 | -3.2% |
| Other operating charges | 640/8 | €2,140 | €3,332 | +€1,192 | +55.7% |
| Non-recurring operating charges | 66A | €3,204 | €6,275 | +€3,071 | +95.9% |
| Gross operating margin | 9900 | €69,831 | €112,529 | +€42,698 | +61.1% |
| Operating profit (loss) | 9901 | €12,073 | €54,039 | +€41,965 | +347.6% |
| Financial income | 75/76B | €177 | €706 | +€529 | +298.2% |
| Recurring financial income | 75 | €177 | €706 | +€529 | +298.2% |
| Financial charges | 65/66B | €7,093 | €7,165 | +€72 | +1.0% |
| Recurring financial charges | 65 | €7,093 | €7,165 | +€72 | +1.0% |
| Profit (loss) for the period before taxes | 9903 | €5,158 | €47,580 | +€42,422 | +822.4% |
| Income taxes | 67/77 | €1,472 | €17,669 | +€16,197 | +1100.5% |
| Profit (loss) for the period | 9904 | €3,686 | €29,911 | +€26,225 | +711.4% |
| Profit (loss) for the period to be appropriated | 9905 | €3,686 | €29,911 | +€26,225 | +711.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.