MD-Verhuur: what changed
MD-Verhuur
Largest movements
- Tangible fixed assets +€26,283
up €26,283 (+39.8%), from €66,045 to €92,328
of which Furniture and vehicles: +€15,914
- Cash +€3,264
up €3,264, from €0 to €3,264
mainly Debts after one year (+€20,298) and Depreciation (+€11,666)
- Deferred charges and accrued income -€2,360
down €2,360 (-100%), from €2,360 to €0
- Receivables within one year +€1,704
up €1,704 (+9.8%), from €17,426 to €19,130
of which Trade receivables: +€4,131
- Debts after one year +€20,298
up €20,298 (+119%), from €17,006 to €37,303
- Current portion of long-term debt +€8,449
up €8,449 (+73.8%), from €11,452 to €19,902
- Short-term financial debts -€7,043
down €7,043 (-100%), from €7,043 to €0
- Profit (loss) carried forward +€6,596
up €6,596 (+43.2%), from €15,278 to €21,874
- Tax, wage and social debts +€5,369
up €5,369 (+137%), from €3,907 to €9,277
of which Taxes: +€6,880
- Gross operating margin +€9,305
up €9,305 (+57.1%), from €16,289 to €25,594
- Depreciation +€8,917
up €8,917 (+324%), from €2,748 to €11,666
- Taxes +€1,800
up €1,800 (+75.1%), from €2,397 to €4,197
- Financial charges +€540
up €540 (+50.7%), from €1,063 to €1,603
- Financial income +€463
up €463 (+96.9%), from €478 to €941
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €91,223 | €119,191 | +€27,967 | +30.7% |
| Fixed assets | 21/28 | €71,437 | €96,796 | +€25,359 | +35.5% |
| Intangible fixed assets | 21 | €5,392 | €4,469 | -€923 | -17.1% |
| Tangible fixed assets | 22/27 | €66,045 | €92,328 | +€26,283 | +39.8% |
| Plant, machinery and equipment | 23 | €4,110 | €14,478 | +€10,368 | +252% |
| Furniture and vehicles | 24 | €61,935 | €77,849 | +€15,914 | +25.7% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €19,786 | €22,394 | +€2,608 | +13.2% |
| Amounts receivable within one year | 40/41 | €17,426 | €19,130 | +€1,704 | +9.8% |
| Trade receivables | 40 | €14,987 | €19,118 | +€4,131 | +27.6% |
| Other amounts receivable | 41 | €2,439 | €12 | -€2,427 | -99.5% |
| Cash at bank and in hand | 54/58 | €0 | €3,264 | +€3,264 | |
| Deferred charges and accrued income | 490/1 | €2,360 | €0 | -€2,360 | -100% |
| Total equity and liabilities | 10/49 | €91,223 | €119,191 | +€27,967 | +30.7% |
| Equity | 10/15 | €23,778 | €30,374 | +€6,596 | +27.7% |
| Contributions | 10/11 | €8,500 | €8,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,278 | €21,874 | +€6,596 | +43.2% |
| Amounts payable | 17/49 | €67,445 | €88,817 | +€21,372 | +31.7% |
| Amounts payable after more than one year | 17 | €17,006 | €37,303 | +€20,298 | +119% |
| Financial debts | 170/4 | €17,006 | €37,303 | +€20,298 | +119% |
| Amounts payable within one year | 42/48 | €49,989 | €51,513 | +€1,524 | +3.0% |
| Current portion of amounts payable after more than one year | 42 | €11,452 | €19,902 | +€8,449 | +73.8% |
| Financial debts | 43 | €7,043 | €0 | -€7,043 | -100% |
| Credit institutions | 430/8 | €7,043 | €0 | -€7,043 | -100% |
| Trade debts | 44 | €13,085 | €10,370 | -€2,715 | -20.7% |
| Suppliers | 440/4 | €13,085 | €10,370 | -€2,715 | -20.7% |
| Taxes, remuneration and social security | 45 | €3,907 | €9,277 | +€5,369 | +137% |
| Taxes | 450/3 | €2,397 | €9,277 | +€6,880 | +287% |
| Remuneration and social security | 454/9 | €1,510 | €0 | -€1,510 | -100% |
| Other amounts payable | 47/48 | €14,502 | €11,965 | -€2,537 | -17.5% |
| Accrued charges and deferred income | 492/3 | €450 | €0 | -€450 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,748 | €11,666 | +€8,917 | +324% |
| Other operating charges | 640/8 | €2,801 | €2,474 | -€327 | -11.7% |
| Gross operating margin | 9900 | €16,289 | €25,594 | +€9,305 | +57.1% |
| Operating profit (loss) | 9901 | €10,739 | €11,454 | +€715 | +6.7% |
| Financial income | 75/76B | €478 | €941 | +€463 | +96.9% |
| Recurring financial income | 75 | €478 | €941 | +€463 | +96.9% |
| Financial charges | 65/66B | €1,063 | €1,603 | +€540 | +50.7% |
| Recurring financial charges | 65 | €1,063 | €1,603 | +€540 | +50.7% |
| Profit (loss) for the period before taxes | 9903 | €10,154 | €10,793 | +€638 | +6.3% |
| Income taxes | 67/77 | €2,397 | €4,197 | +€1,800 | +75.1% |
| Profit (loss) for the period | 9904 | €7,757 | €6,596 | -€1,162 | -15.0% |
| Profit (loss) for the period to be appropriated | 9905 | €7,757 | €6,596 | -€1,162 | -15.0% |
Next steps
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 2 November 2026 via checked.be.