MD1 CENTER HOUSE: what changed
What changed
MD1 CENTER HOUSE
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
filed annual accounts (NBB)
Net result for the year
€4.8m
2024 · -€678,276+€5.5m
Equity
€5.7m
2024 · €901,018+€4.8m
Cash
€109,427
2024 · €23,505+€85,922
Balance sheet total
€7.2m
2024 · €4.7m+€2.5m
Largest movements
Assets
- Tangible fixed assets -€4.4m
no longer reported in 2025 (was €4.4m)
of which Land and buildings: -€4.4m
- Current investments +€3.9m
new in 2025: €3.9m
- Financial fixed assets +€2.8m
new in 2025: €2.8m
- Stocks and contracts +€108,854
up €108,854 (+393%), from €27,722 to €136,576
of which Contracts in progress: +€136,576
- Receivables within one year +€95,541
up €95,541 (+79.7%), from €119,906 to €215,447
of which Trade receivables: +€111,670
Equity and liabilities
- Profit (loss) carried forward +€4.7m
up €4.7m, from -€2.7m to €2.0m
- Debts after one year -€2.1m
no longer reported in 2025 (was €2.1m)
- Other debts -€1.4m
down €1.4m (-97.3%), from €1.4m to €37,192
- Tax, wage and social debts +€768,439
up €768,439 (+27,800%), from €2,764 to €771,203
- Trade debts +€290,827
up €290,827 (+147%), from €197,464 to €488,291
Income statement
- Gross operating margin +€6.0m
up €6.0m (+13,667%), from €44,044 to €6.1m
- Taxes +€769,392
new in 2025: €769,392
- Depreciation -€132,197
down €132,197 (-35.8%), from €369,755 to €237,558
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.
Result 2024
-€678,276
Gross operating margin
+€6.0m
Depreciation
+€132,197
Other operating charges
+€52,252
Financial income
+€39,268
Financial charges
+€47,099
Taxes
-€769,392
Result 2025
€4.8m
raises the resultlowers the result
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.
From operations
+€4.7m
Investment
-€2.5m
Financing
-€2.1m
Cash 2024
€23,505
From operations (derived)
+€4.7m
Net result for the year
+€4.8m
Depreciation
+€237,558
Stocks and contracts
-€108,854
Receivables within one year
-€95,541
Deferred charges and accrued income
+€72,381
Trade debts
+€290,827
Tax, wage and social debts
+€768,439
Advances received
+€136,576
Other debts
-€1.4m
Accrued charges and deferred income
-€49,577
Investment (derived)
-€2.5m
Investment in fixed assets (net)
+€1.4m
Current investments
-€3.9m
Financing
-€2.1m
Debts after one year
-€2.1m
Cash 2025
€109,427
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,663,207 | €7,177,004 | +€2.5m | +53.9% |
| Fixed assets | 21/28 | €4,418,774 | €2,828,500 | -€1.6m | -36.0% |
| Tangible fixed assets | 22/27 | €4,418,774 | - | -€4.4m | |
| Land and buildings | 22 | €4,418,774 | - | -€4.4m | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Other tangible fixed assets | 26 | €0 | - | -€0 | |
| Financial fixed assets | 28 | - | €2,828,500 | +€2.8m | |
| Current assets | 29/58 | €244,433 | €4,348,504 | +€4.1m | +1,679% |
| Stocks and contracts in progress | 3 | €27,722 | €136,576 | +€108,854 | +393% |
| Stocks | 30/36 | €27,722 | - | -€27,722 | |
| Contracts in progress | 37 | - | €136,576 | +€136,576 | |
| Amounts receivable within one year | 40/41 | €119,906 | €215,447 | +€95,541 | +79.7% |
| Trade receivables | 40 | €24,906 | €136,576 | +€111,670 | +448% |
| Other amounts receivable | 41 | €95,000 | €78,871 | -€16,129 | -17.0% |
| Current investments | 50/53 | - | €3,886,134 | +€3.9m | |
| Cash at bank and in hand | 54/58 | €23,505 | €109,427 | +€85,922 | +366% |
| Deferred charges and accrued income | 490/1 | €73,301 | €920 | -€72,381 | -98.7% |
| Total equity and liabilities | 10/49 | €4,663,207 | €7,177,004 | +€2.5m | +53.9% |
| Equity | 10/15 | €901,018 | €5,743,742 | +€4.8m | +537% |
| Contributions | 10/11 | €3,567,771 | €3,567,771 | = | 0.0% |
| Capital | 10 | €3,567,771 | €3,567,771 | = | 0.0% |
| Issued capital | 100 | €3,567,771 | €3,567,771 | = | 0.0% |
| Reserves | 13 | €51,467 | €157,693 | +€106,225 | +206% |
| Non-distributable reserves | 130/1 | €51,467 | €157,693 | +€106,225 | +206% |
| Legal reserve | 130 | €51,467 | €157,693 | +€106,225 | +206% |
| Profit (loss) carried forward | 14 | -€2,718,220 | €2,018,279 | +€4.7m | |
| Amounts payable | 17/49 | €3,762,189 | €1,433,261 | -€2.3m | -61.9% |
| Amounts payable after more than one year | 17 | €2,110,749 | - | -€2.1m | |
| Other amounts payable | 178/9 | €2,110,749 | - | -€2.1m | |
| Amounts payable within one year | 42/48 | €1,601,863 | €1,433,261 | -€168,601 | -10.5% |
| Trade debts | 44 | €197,464 | €488,291 | +€290,827 | +147% |
| Suppliers | 440/4 | €197,464 | €488,291 | +€290,827 | +147% |
| Advances received on contracts in progress | 46 | - | €136,576 | +€136,576 | |
| Taxes, remuneration and social security | 45 | €2,764 | €771,203 | +€768,439 | +27,800% |
| Taxes | 450/3 | €2,764 | €771,203 | +€768,439 | +27,800% |
| Other amounts payable | 47/48 | €1,401,634 | €37,192 | -€1.4m | -97.3% |
| Accrued charges and deferred income | 492/3 | €49,577 | - | -€49,577 | |
| Non-recurring operating income | 76A | - | €6,318,784 | +€6.3m | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €369,755 | €237,558 | -€132,197 | -35.8% |
| Other operating charges | 640/8 | €223,248 | €170,996 | -€52,252 | -23.4% |
| Gross operating margin | 9900 | €44,044 | €6,063,619 | +€6.0m | +13,667% |
| Operating profit (loss) | 9901 | -€548,959 | €5,655,066 | +€6.2m | |
| Financial income | 75/76B | - | €39,268 | +€39,268 | |
| Recurring financial income | 75 | - | €39,268 | +€39,268 | |
| Financial charges | 65/66B | €129,317 | €82,218 | -€47,099 | -36.4% |
| Recurring financial charges | 65 | €129,317 | €82,218 | -€47,099 | -36.4% |
| Profit (loss) for the period before taxes | 9903 | -€678,276 | €5,612,116 | +€6.3m | |
| Income taxes | 67/77 | - | €769,392 | +€769,392 | |
| Profit (loss) for the period | 9904 | -€678,276 | €4,842,724 | +€5.5m | |
| Profit (loss) for the period to be appropriated | 9905 | -€678,276 | €4,842,724 | +€5.5m |
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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 8 November 2026 via checked.be.