MDA IMMO: 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.
MDA IMMO
Largest movements
- Cash -€3,195
down €3,195 (-40.4%), from €7,907 to €4,713
mainly Other debts (-€2,100) and Net result for the year (-€969)
- Receivables within one year +€125
new in 2025: €125
- Other debts -€2,100
down €2,100 (-72.6%), from €2,891 to €791
- Profit (loss) carried forward -€969
down €969 (-23.7%), from -€4,083 to -€5,053
- Depreciation -€1,591
no longer reported in 2025 (was €1,591)
- Gross operating margin +€1,276
up €1,276 (+74.8%), from -€1,705 to -€429
- Other operating charges -€387
down €387 (-49.2%), from €787 to €400
- Financial charges +€141
new in 2025: €141
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.
Cash bridge derived
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 | €8,807 | €5,738 | -€3,069 | -34.9% |
| Fixed assets | 21/28 | €900 | €900 | = | 0.0% |
| Financial fixed assets | 28 | €900 | €900 | = | 0.0% |
| Current assets | 29/58 | €7,907 | €4,838 | -€3,069 | -38.8% |
| Amounts receivable within one year | 40/41 | - | €125 | +€125 | |
| Trade receivables | 40 | - | €125 | +€125 | |
| Cash at bank and in hand | 54/58 | €7,907 | €4,713 | -€3,195 | -40.4% |
| Total equity and liabilities | 10/49 | €8,807 | €5,738 | -€3,069 | -34.9% |
| Equity | 10/15 | €5,917 | €4,947 | -€969 | -16.4% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,083 | -€5,053 | -€969 | -23.7% |
| Amounts payable | 17/49 | €2,891 | €791 | -€2,100 | -72.6% |
| Amounts payable within one year | 42/48 | €2,891 | €791 | -€2,100 | -72.6% |
| Other amounts payable | 47/48 | €2,891 | €791 | -€2,100 | -72.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,591 | - | -€1,591 | |
| Other operating charges | 640/8 | €787 | €400 | -€387 | -49.2% |
| Gross operating margin | 9900 | -€1,705 | -€429 | +€1,276 | +74.8% |
| Operating profit (loss) | 9901 | -€4,083 | -€829 | +€3,254 | +79.7% |
| Financial charges | 65/66B | - | €141 | +€141 | |
| Recurring financial charges | 65 | - | €141 | +€141 | |
| Profit (loss) for the period before taxes | 9903 | -€4,083 | -€969 | +€3,114 | +76.3% |
| Profit (loss) for the period | 9904 | -€4,083 | -€969 | +€3,114 | +76.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,083 | -€969 | +€3,114 | +76.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.