MDB COMPANY: 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 COMPANY
Largest movements
- Current investments -€150,000
down €150,000 (-100%), from €150,000 to €0
- Cash +€149,455
up €149,455 (+215%), from €69,376 to €218,831
mainly Current investments (+€150,000) and Net result for the year (+€11,754)
- Receivables within one year +€13,784
up €13,784 (+122%), from €11,326 to €25,110
of which Other amounts receivable: +€10,590
- Tangible fixed assets -€7,816
down €7,816 (-87.7%), from €8,916 to €1,100
of which Furniture and vehicles: -€6,781
- Reserves +€11,754
up €11,754 (+5.4%), from €218,442 to €230,196
- Other debts -€2,707
down €2,707 (-46.3%), from €5,843 to €3,136
- Tax, wage and social debts -€2,697
down €2,697 (-26.6%), from €10,151 to €7,454
of which Taxes: -€2,697
- Gross operating margin -€37,077
down €37,077 (-61.7%), from €60,106 to €23,030
- Taxes -€9,307
down €9,307 (-63.3%), from €14,694 to €5,387
- Depreciation -€2,399
down €2,399 (-23.5%), from €10,216 to €7,816
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 | €241,978 | €247,463 | +€5,485 | +2.3% |
| Fixed assets | 21/28 | €8,961 | €1,145 | -€7,816 | -87.2% |
| Tangible fixed assets | 22/27 | €8,916 | €1,100 | -€7,816 | -87.7% |
| Plant, machinery and equipment | 23 | €2,135 | €1,100 | -€1,035 | -48.5% |
| Furniture and vehicles | 24 | €6,781 | €0 | -€6,781 | -100% |
| Financial fixed assets | 28 | €45 | €45 | = | 0.0% |
| Current assets | 29/58 | €233,017 | €246,319 | +€13,302 | +5.7% |
| Amounts receivable within one year | 40/41 | €11,326 | €25,110 | +€13,784 | +122% |
| Trade receivables | 40 | €11,326 | €14,520 | +€3,194 | +28.2% |
| Other amounts receivable | 41 | - | €10,590 | +€10,590 | |
| Current investments | 50/53 | €150,000 | €0 | -€150,000 | -100% |
| Cash at bank and in hand | 54/58 | €69,376 | €218,831 | +€149,455 | +215% |
| Deferred charges and accrued income | 490/1 | €2,316 | €2,378 | +€62 | +2.7% |
| Total equity and liabilities | 10/49 | €241,978 | €247,463 | +€5,485 | +2.3% |
| Equity | 10/15 | €224,642 | €236,396 | +€11,754 | +5.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €218,442 | €230,196 | +€11,754 | +5.4% |
| Distributable reserves | 133 | €218,442 | €230,196 | +€11,754 | +5.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €17,336 | €11,067 | -€6,269 | -36.2% |
| Amounts payable within one year | 42/48 | €17,336 | €11,067 | -€6,269 | -36.2% |
| Trade debts | 44 | €1,341 | €476 | -€865 | -64.5% |
| Suppliers | 440/4 | €1,341 | €476 | -€865 | -64.5% |
| Taxes, remuneration and social security | 45 | €10,151 | €7,454 | -€2,697 | -26.6% |
| Taxes | 450/3 | €10,151 | €7,454 | -€2,697 | -26.6% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €5,843 | €3,136 | -€2,707 | -46.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,216 | €7,816 | -€2,399 | -23.5% |
| Other operating charges | 640/8 | €648 | €759 | +€112 | +17.2% |
| Gross operating margin | 9900 | €60,106 | €23,030 | -€37,077 | -61.7% |
| Operating profit (loss) | 9901 | €49,243 | €14,454 | -€34,789 | -70.6% |
| Financial income | 75/76B | €3,095 | €3,255 | +€160 | +5.2% |
| Recurring financial income | 75 | €3,095 | €3,255 | +€160 | +5.2% |
| Financial charges | 65/66B | €954 | €568 | -€386 | -40.4% |
| Recurring financial charges | 65 | €954 | €568 | -€386 | -40.4% |
| Profit (loss) for the period before taxes | 9903 | €51,384 | €17,141 | -€34,243 | -66.6% |
| Income taxes | 67/77 | €14,694 | €5,387 | -€9,307 | -63.3% |
| Profit (loss) for the period | 9904 | €36,690 | €11,754 | -€24,936 | -68.0% |
| Profit (loss) for the period to be appropriated | 9905 | €36,690 | €11,754 | -€24,936 | -68.0% |
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 23 October 2026 via checked.be.