MDB Europe: 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 Europe
Largest movements
- Receivables within one year +€28,210
up €28,210 (+375%), from €7,524 to €35,734
of which Other amounts receivable: +€17,452
- Cash +€6,509
up €6,509 (+78.8%), from €8,263 to €14,771
mainly Other debts (+€33,336) and Net result for the year (+€26,863)
- Tangible fixed assets -€1,216
down €1,216 (-7.1%), from €17,023 to €15,807
of which Furniture and vehicles: -€4,085
- Stocks and contracts +€1,201
up €1,201 (+14.8%), from €8,126 to €9,326
- Other debts +€33,336
up €33,336 (+1,915%), from €1,740 to €35,076
- Reserves -€8,137
down €8,137 (-64.1%), from €12,686 to €4,549
- Tax, wage and social debts +€7,952
up €7,952 (+250%), from €3,179 to €11,132
- Trade debts +€1,430
up €1,430 (+6.6%), from €21,834 to €23,264
- Gross operating margin +€28,111
up €28,111 (+182%), from €15,428 to €43,538
- Taxes +€7,273
up €7,273 (+229%), from €3,179 to €10,452
- Depreciation +€901
up €901 (+21.6%), from €4,161 to €5,062
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 | €42,165 | €76,721 | +€34,557 | +82.0% |
| Fixed assets | 21/28 | €18,031 | €16,558 | -€1,473 | -8.2% |
| Intangible fixed assets | 21 | €1,009 | €751 | -€258 | -25.5% |
| Tangible fixed assets | 22/27 | €17,023 | €15,807 | -€1,216 | -7.1% |
| Plant, machinery and equipment | 23 | - | €1,379 | +€1,379 | |
| Furniture and vehicles | 24 | €7,413 | €3,328 | -€4,085 | -55.1% |
| Other tangible fixed assets | 26 | €9,610 | €11,100 | +€1,491 | +15.5% |
| Current assets | 29/58 | €24,133 | €60,163 | +€36,030 | +149% |
| Stocks and contracts in progress | 3 | €8,126 | €9,326 | +€1,201 | +14.8% |
| Stocks | 30/36 | €8,126 | €9,326 | +€1,201 | +14.8% |
| Amounts receivable within one year | 40/41 | €7,524 | €35,734 | +€28,210 | +375% |
| Trade receivables | 40 | €6,853 | €17,611 | +€10,758 | +157% |
| Other amounts receivable | 41 | €671 | €18,122 | +€17,452 | +2,602% |
| Cash at bank and in hand | 54/58 | €8,263 | €14,771 | +€6,509 | +78.8% |
| Deferred charges and accrued income | 490/1 | €221 | €332 | +€111 | +50.0% |
| Total equity and liabilities | 10/49 | €42,165 | €76,721 | +€34,557 | +82.0% |
| Equity | 10/15 | €15,186 | €7,049 | -€8,137 | -53.6% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €12,686 | €4,549 | -€8,137 | -64.1% |
| Distributable reserves | 133 | €12,686 | €4,549 | -€8,137 | -64.1% |
| Amounts payable | 17/49 | €26,979 | €69,672 | +€42,694 | +158% |
| Amounts payable within one year | 42/48 | €26,754 | €69,472 | +€42,719 | +160% |
| Trade debts | 44 | €21,834 | €23,264 | +€1,430 | +6.6% |
| Suppliers | 440/4 | €21,834 | €23,264 | +€1,430 | +6.6% |
| Taxes, remuneration and social security | 45 | €3,179 | €11,132 | +€7,952 | +250% |
| Taxes | 450/3 | €3,179 | €11,132 | +€7,952 | +250% |
| Other amounts payable | 47/48 | €1,740 | €35,076 | +€33,336 | +1,915% |
| Accrued charges and deferred income | 492/3 | €225 | €200 | -€25 | -11.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,161 | €5,062 | +€901 | +21.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €286 | - | -€286 | |
| Other operating charges | 640/8 | €1,238 | €889 | -€349 | -28.2% |
| Gross operating margin | 9900 | €15,428 | €43,538 | +€28,111 | +182% |
| Operating profit (loss) | 9901 | €9,742 | €37,587 | +€27,845 | +286% |
| Financial income | 75/76B | €85 | €6 | -€78 | -92.6% |
| Recurring financial income | 75 | €85 | €6 | -€78 | -92.6% |
| Financial charges | 65/66B | €331 | €278 | -€53 | -16.0% |
| Recurring financial charges | 65 | €331 | €278 | -€53 | -16.0% |
| Profit (loss) for the period before taxes | 9903 | €9,496 | €37,315 | +€27,820 | +293% |
| Income taxes | 67/77 | €3,179 | €10,452 | +€7,273 | +229% |
| Profit (loss) for the period | 9904 | €6,316 | €26,863 | +€20,547 | +325% |
| Profit (loss) for the period to be appropriated | 9905 | €6,316 | €26,863 | +€20,547 | +325% |
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 28 October 2026 via checked.be.