MDA PRO: 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.
MDA PRO
Largest movements
- Cash +€109,045
up €109,045 (+143%), from €76,456 to €185,501
mainly Accrued charges and deferred income (+€115,000) and Other debts (+€65,533)
- Receivables within one year +€23,416
up €23,416 (+108%), from €21,584 to €44,999
of which Trade receivables: +€16,102
- Deferred charges and accrued income -€4,155
down €4,155 (-48.3%), from €8,605 to €4,451
- Accrued charges and deferred income +€115,000
new in 2025: €115,000
- Other debts +€65,533
up €65,533 (+309%), from €21,229 to €86,761
- Profit (loss) carried forward -€51,076
down €51,076 (-86.2%), from €59,222 to €8,146
- Trade debts -€4,025
down €4,025 (-33.5%), from €12,011 to €7,986
- Tax, wage and social debts +€2,705
up €2,705 (+14.6%), from €18,536 to €21,241
- Gross operating margin +€58,072
up €58,072 (+364%), from €15,956 to €74,028
- Taxes +€14,806
up €14,806 (+367%), from €4,035 to €18,841
- Other operating charges +€10,934
up €10,934 (+230%), from €4,744 to €15,678
- Financial charges +€5,854
up €5,854 (+319%), from €1,837 to €7,691
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 | €111,998 | €240,135 | +€128,136 | +114% |
| Fixed assets | 21/28 | €5,353 | €5,184 | -€169 | -3.2% |
| Tangible fixed assets | 22/27 | €5,353 | €5,184 | -€169 | -3.2% |
| Furniture and vehicles | 24 | €5,353 | €5,184 | -€169 | -3.2% |
| Current assets | 29/58 | €106,645 | €234,951 | +€128,306 | +120% |
| Amounts receivable within one year | 40/41 | €21,584 | €44,999 | +€23,416 | +108% |
| Trade receivables | 40 | €17,185 | €33,288 | +€16,102 | +93.7% |
| Other amounts receivable | 41 | €4,398 | €11,712 | +€7,313 | +166% |
| Cash at bank and in hand | 54/58 | €76,456 | €185,501 | +€109,045 | +143% |
| Deferred charges and accrued income | 490/1 | €8,605 | €4,451 | -€4,155 | -48.3% |
| Total equity and liabilities | 10/49 | €111,998 | €240,135 | +€128,136 | +114% |
| Equity | 10/15 | €60,222 | €9,146 | -€51,076 | -84.8% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €59,222 | €8,146 | -€51,076 | -86.2% |
| Amounts payable | 17/49 | €51,776 | €230,989 | +€179,213 | +346% |
| Amounts payable within one year | 42/48 | €51,776 | €115,989 | +€64,213 | +124% |
| Trade debts | 44 | €12,011 | €7,986 | -€4,025 | -33.5% |
| Suppliers | 440/4 | €12,011 | €7,986 | -€4,025 | -33.5% |
| Taxes, remuneration and social security | 45 | €18,536 | €21,241 | +€2,705 | +14.6% |
| Taxes | 450/3 | €18,536 | €21,241 | +€2,705 | +14.6% |
| Other amounts payable | 47/48 | €21,229 | €86,761 | +€65,533 | +309% |
| Accrued charges and deferred income | 492/3 | - | €115,000 | +€115,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,804 | €2,903 | +€99 | +3.5% |
| Other operating charges | 640/8 | €4,744 | €15,678 | +€10,934 | +230% |
| Gross operating margin | 9900 | €15,956 | €74,028 | +€58,072 | +364% |
| Operating profit (loss) | 9901 | €8,408 | €55,446 | +€47,039 | +559% |
| Financial income | 75/76B | - | €10 | +€10 | |
| Recurring financial income | 75 | - | €10 | +€10 | |
| Financial charges | 65/66B | €1,837 | €7,691 | +€5,854 | +319% |
| Recurring financial charges | 65 | €1,837 | €7,691 | +€5,854 | +319% |
| Profit (loss) for the period before taxes | 9903 | €6,571 | €47,765 | +€41,194 | +627% |
| Income taxes | 67/77 | €4,035 | €18,841 | +€14,806 | +367% |
| Profit (loss) for the period | 9904 | €2,535 | €28,924 | +€26,388 | +1,041% |
| Profit (loss) for the period to be appropriated | 9905 | €2,535 | €28,924 | +€26,388 | +1,041% |
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 16 October 2026 via checked.be.