MD WORX: 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 WORX
Largest movements
- Receivables within one year -€14,566
down €14,566 (-78.3%), from €18,598 to €4,032
of which Trade receivables: -€12,935
- Cash +€12,142
up €12,142 (+763%), from €1,591 to €13,733
mainly Receivables within one year (+€14,566) and Other debts (+€8,118)
- Tangible fixed assets -€1,557
down €1,557 (-18.7%), from €8,336 to €6,779
of which Furniture and vehicles: -€1,557
- Deferred charges and accrued income +€794
up €794 (+2,311%), from €34 to €828
- Profit (loss) carried forward -€13,991
down €13,991, from €6,614 to -€7,377
- Other debts +€8,118
up €8,118 (+2,259%), from €359 to €8,477
- Tax, wage and social debts +€5,700
up €5,700 (+76.2%), from €7,484 to €13,184
of which Taxes: +€5,300
- Trade debts -€3,005
down €3,005 (-24.8%), from €12,097 to €9,093
- Gross operating margin -€16,688
down €16,688, from €9,015 to -€7,673
- Taxes +€955
up €955 (+33.5%), from €2,849 to €3,804
- Depreciation -€573
down €573 (-26.9%), from €2,129 to €1,557
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 | €28,565 | €25,377 | -€3,188 | -11.2% |
| Fixed assets | 21/28 | €8,341 | €6,784 | -€1,557 | -18.7% |
| Tangible fixed assets | 22/27 | €8,336 | €6,779 | -€1,557 | -18.7% |
| Furniture and vehicles | 24 | €1,859 | €302 | -€1,557 | -83.8% |
| Other tangible fixed assets | 26 | €6,477 | €6,477 | = | 0.0% |
| Financial fixed assets | 28 | €5 | €5 | = | 0.0% |
| Current assets | 29/58 | €20,224 | €18,593 | -€1,631 | -8.1% |
| Amounts receivable within one year | 40/41 | €18,598 | €4,032 | -€14,566 | -78.3% |
| Trade receivables | 40 | €16,935 | €4,000 | -€12,935 | -76.4% |
| Other amounts receivable | 41 | €1,663 | €32 | -€1,632 | -98.1% |
| Cash at bank and in hand | 54/58 | €1,591 | €13,733 | +€12,142 | +763% |
| Deferred charges and accrued income | 490/1 | €34 | €828 | +€794 | +2,311% |
| Total equity and liabilities | 10/49 | €28,565 | €25,377 | -€3,188 | -11.2% |
| Equity | 10/15 | €8,614 | -€5,377 | -€13,991 | |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,614 | -€7,377 | -€13,991 | |
| Amounts payable | 17/49 | €19,951 | €30,754 | +€10,804 | +54.2% |
| Amounts payable within one year | 42/48 | €19,951 | €30,754 | +€10,804 | +54.2% |
| Financial debts | 43 | €10 | €0 | -€10 | -100% |
| Credit institutions | 430/8 | €10 | - | -€10 | |
| Other loans | 439 | - | €0 | = | |
| Trade debts | 44 | €12,097 | €9,093 | -€3,005 | -24.8% |
| Suppliers | 440/4 | €12,097 | €9,093 | -€3,005 | -24.8% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €7,484 | €13,184 | +€5,700 | +76.2% |
| Taxes | 450/3 | €7,484 | €12,784 | +€5,300 | +70.8% |
| Remuneration and social security | 454/9 | - | €400 | +€400 | |
| Other amounts payable | 47/48 | €359 | €8,477 | +€8,118 | +2,259% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,129 | €1,557 | -€573 | -26.9% |
| Other operating charges | 640/8 | €879 | €897 | +€18 | +2.0% |
| Gross operating margin | 9900 | €9,015 | -€7,673 | -€16,688 | |
| Operating profit (loss) | 9901 | €6,006 | -€10,127 | -€16,133 | |
| Financial income | 75/76B | €45 | €65 | +€20 | +44.7% |
| Recurring financial income | 75 | €45 | €65 | +€20 | +44.7% |
| Financial charges | 65/66B | €133 | €125 | -€7 | -5.5% |
| Recurring financial charges | 65 | €133 | €125 | -€7 | -5.5% |
| Profit (loss) for the period before taxes | 9903 | €5,919 | -€10,188 | -€16,106 | |
| Income taxes | 67/77 | €2,849 | €3,804 | +€955 | +33.5% |
| Profit (loss) for the period | 9904 | €3,070 | -€13,991 | -€17,061 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,070 | -€13,991 | -€17,061 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.