MDAdvice & Tax: 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.
MDAdvice & Tax
Largest movements
- Receivables within one year -€135,114
down €135,114 (-88.6%), from €152,415 to €17,301
of which Other amounts receivable: -€69,948
- Deferred charges and accrued income -€22,968
no longer reported in 2025 (was €22,968)
- Cash -€13,798
down €13,798 (-83.5%), from €16,530 to €2,732
- Intangible fixed assets -€3,569
down €3,569 (-22.4%), from €15,941 to €12,373
- Advances received -€179,800
no longer reported in 2025 (was €179,800)
- Profit (loss) carried forward +€31,756
up €31,756, from -€18,277 to €13,479
- Accrued charges and deferred income -€22,450
no longer reported in 2025 (was €22,450)
- Trade debts +€8,008
new in 2025: €8,008
- Investment grants -€8,002
down €8,002 (-80.0%), from €10,000 to €1,998
- Gross operating margin +€76,960
up €76,960 (+240%), from €32,071 to €109,031
- Financial charges +€45,302
up €45,302 (+1,427%), from €3,175 to €48,477
- Depreciation +€5,007
up €5,007 (+87.0%), from €5,757 to €10,764
- Taxes -€4,371
down €4,371 (-28.3%), from €15,431 to €11,060
From the 2023 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €210,970 | €34,601 | -€176,369 | -83.6% |
| Fixed assets | 21/28 | €19,057 | €14,568 | -€4,489 | -23.6% |
| Intangible fixed assets | 21 | €15,941 | €12,373 | -€3,569 | -22.4% |
| Tangible fixed assets | 22/27 | €3,116 | €2,195 | -€921 | -29.5% |
| Plant, machinery and equipment | 23 | €248 | - | -€248 | |
| Furniture and vehicles | 24 | €1,990 | €2,195 | +€206 | +10.3% |
| Other tangible fixed assets | 26 | €879 | - | -€879 | |
| Current assets | 29/58 | €191,912 | €20,033 | -€171,880 | -89.6% |
| Amounts receivable within one year | 40/41 | €152,415 | €17,301 | -€135,114 | -88.6% |
| Trade receivables | 40 | €77,528 | €12,361 | -€65,167 | -84.1% |
| Other amounts receivable | 41 | €74,887 | €4,940 | -€69,948 | -93.4% |
| Cash at bank and in hand | 54/58 | €16,530 | €2,732 | -€13,798 | -83.5% |
| Deferred charges and accrued income | 490/1 | €22,968 | - | -€22,968 | |
| Total equity and liabilities | 10/49 | €210,970 | €34,601 | -€176,369 | -83.6% |
| Equity | 10/15 | -€6,777 | €16,977 | +€23,754 | |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€18,277 | €13,479 | +€31,756 | |
| Investment grants | 15 | €10,000 | €1,998 | -€8,002 | -80.0% |
| Amounts payable | 17/49 | €217,747 | €17,624 | -€200,123 | -91.9% |
| Amounts payable within one year | 42/48 | €195,297 | €17,624 | -€177,673 | -91.0% |
| Current portion of amounts payable after more than one year | 42 | €12,023 | €4,945 | -€7,078 | -58.9% |
| Trade debts | 44 | - | €8,008 | +€8,008 | |
| Suppliers | 440/4 | - | €8,008 | +€8,008 | |
| Advances received on contracts in progress | 46 | €179,800 | - | -€179,800 | |
| Taxes, remuneration and social security | 45 | €3,474 | €1,733 | -€1,741 | -50.1% |
| Taxes | 450/3 | €3,474 | €1,733 | -€1,741 | -50.1% |
| Other amounts payable | 47/48 | - | €2,938 | +€2,938 | |
| Accrued charges and deferred income | 492/3 | €22,450 | - | -€22,450 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,757 | €10,764 | +€5,007 | +87.0% |
| Other operating charges | 640/8 | €1,494 | €1,795 | +€301 | +20.1% |
| Non-recurring operating charges | 66A | - | €707 | +€707 | |
| Gross operating margin | 9900 | €32,071 | €109,031 | +€76,960 | +240% |
| Operating profit (loss) | 9901 | €24,821 | €95,766 | +€70,945 | +286% |
| Financial income | 75/76B | €1 | €14 | +€13 | +1,584% |
| Recurring financial income | 75 | €1 | €14 | +€13 | +1,584% |
| Financial charges | 65/66B | €3,175 | €48,477 | +€45,302 | +1,427% |
| Recurring financial charges | 65 | €3,175 | €48,477 | +€45,302 | +1,427% |
| Profit (loss) for the period before taxes | 9903 | €21,647 | €47,302 | +€25,655 | +119% |
| Income taxes | 67/77 | €15,431 | €11,060 | -€4,371 | -28.3% |
| Profit (loss) for the period | 9904 | €6,216 | €36,242 | +€30,026 | +483% |
| Profit (loss) for the period to be appropriated | 9905 | €6,216 | €36,242 | +€30,026 | +483% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.