MDB: 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.
MDB
Largest movements
- Tangible fixed assets -€4,705
down €4,705 (-6.2%), from €75,785 to €71,080
of which Other tangible fixed assets: -€4,030
- Receivables within one year -€2,389
down €2,389 (-28.1%), from €8,512 to €6,123
of which Other amounts receivable: -€2,389
- Deferred charges and accrued income +€1,013
new in 2025: €1,013
- Other debts -€8,620
down €8,620 (-24.6%), from €35,019 to €26,398
- Profit (loss) carried forward +€3,819
up €3,819 (+11.3%), from €33,685 to €37,504
- Accrued charges and deferred income -€1,950
no longer reported in 2025 (was €1,950)
- Gross operating margin +€4,641
up €4,641 (+60.7%), from €7,644 to €12,285
- Other operating charges -€2,741
down €2,741 (-42.5%), from €6,457 to €3,716
- Depreciation +€548
up €548 (+13.2%), from €4,157 to €4,705
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 | €85,152 | €78,409 | -€6,743 | -7.9% |
| Fixed assets | 21/28 | €75,785 | €71,080 | -€4,705 | -6.2% |
| Tangible fixed assets | 22/27 | €75,785 | €71,080 | -€4,705 | -6.2% |
| Land and buildings | 22 | €52,951 | €52,276 | -€675 | -1.3% |
| Other tangible fixed assets | 26 | €22,833 | €18,803 | -€4,030 | -17.6% |
| Current assets | 29/58 | €9,367 | €7,329 | -€2,039 | -21.8% |
| Amounts receivable within one year | 40/41 | €8,512 | €6,123 | -€2,389 | -28.1% |
| Trade receivables | 40 | €1,950 | €1,950 | = | 0.0% |
| Other amounts receivable | 41 | €6,562 | €4,173 | -€2,389 | -36.4% |
| Cash at bank and in hand | 54/58 | €855 | €192 | -€663 | -77.5% |
| Deferred charges and accrued income | 490/1 | - | €1,013 | +€1,013 | |
| Total equity and liabilities | 10/49 | €85,152 | €78,409 | -€6,743 | -7.9% |
| Equity | 10/15 | €47,570 | €51,388 | +€3,819 | +8.0% |
| Contributions | 10/11 | €12,622 | €12,622 | = | 0.0% |
| Reserves | 13 | €1,262 | €1,262 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,262 | €1,262 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,262 | €1,262 | = | 0.0% |
| Profit (loss) carried forward | 14 | €33,685 | €37,504 | +€3,819 | +11.3% |
| Amounts payable | 17/49 | €37,583 | €27,020 | -€10,562 | -28.1% |
| Amounts payable within one year | 42/48 | €35,633 | €27,020 | -€8,612 | -24.2% |
| Trade debts | 44 | €614 | €622 | +€8 | +1.3% |
| Suppliers | 440/4 | €614 | €622 | +€8 | +1.3% |
| Other amounts payable | 47/48 | €35,019 | €26,398 | -€8,620 | -24.6% |
| Accrued charges and deferred income | 492/3 | €1,950 | - | -€1,950 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,157 | €4,705 | +€548 | +13.2% |
| Other operating charges | 640/8 | €6,457 | €3,716 | -€2,741 | -42.5% |
| Gross operating margin | 9900 | €7,644 | €12,285 | +€4,641 | +60.7% |
| Operating profit (loss) | 9901 | -€2,970 | €3,864 | +€6,835 | |
| Financial charges | 65/66B | €53 | €45 | -€7 | -13.6% |
| Recurring financial charges | 65 | €53 | €45 | -€7 | -13.6% |
| Profit (loss) for the period before taxes | 9903 | -€3,023 | €3,819 | +€6,842 | |
| Income taxes | 67/77 | -€78 | - | +€78 | |
| Profit (loss) for the period | 9904 | -€2,945 | €3,819 | +€6,764 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,945 | €3,819 | +€6,764 |
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 10 October 2026 via checked.be.