MDB International: 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 International
Largest movements
- Current investments +€42,249
up €42,249 (+42.7%), from €99,042 to €141,291
- Tangible fixed assets -€18,646
down €18,646 (-6.5%), from €286,015 to €267,369
of which Land and buildings: -€13,379
- Receivables within one year -€16,314
down €16,314 (-46.8%), from €34,841 to €18,527
of which Other amounts receivable: -€17,468
- Other debts +€218,006
up €218,006 (+447%), from €48,800 to €266,806
- Reserves -€214,970
down €214,970 (-53.4%), from €402,333 to €187,363
- Trade debts +€6,360
up €6,360 (+85.6%), from €7,433 to €13,793
- Gross operating margin +€34,046
up €34,046 (+44.2%), from €77,034 to €111,080
- Taxes +€11,179
up €11,179 (+71.1%), from €15,716 to €26,895
- Depreciation -€3,872
down €3,872 (-17.2%), from €22,518 to €18,646
- Financial income +€1,729
up €1,729 (+158%), from €1,094 to €2,823
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 | €472,574 | €481,890 | +€9,316 | +2.0% |
| Fixed assets | 21/28 | €286,015 | €267,369 | -€18,646 | -6.5% |
| Tangible fixed assets | 22/27 | €286,015 | €267,369 | -€18,646 | -6.5% |
| Land and buildings | 22 | €273,970 | €260,591 | -€13,379 | -4.9% |
| Plant, machinery and equipment | 23 | €7,175 | €4,656 | -€2,519 | -35.1% |
| Furniture and vehicles | 24 | €4,870 | €2,123 | -€2,748 | -56.4% |
| Current assets | 29/58 | €186,558 | €214,521 | +€27,962 | +15.0% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €34,841 | €18,527 | -€16,314 | -46.8% |
| Trade receivables | 40 | €15,727 | €16,881 | +€1,154 | +7.3% |
| Other amounts receivable | 41 | €19,113 | €1,645 | -€17,468 | -91.4% |
| Current investments | 50/53 | €99,042 | €141,291 | +€42,249 | +42.7% |
| Cash at bank and in hand | 54/58 | €49,627 | €51,422 | +€1,796 | +3.6% |
| Deferred charges and accrued income | 490/1 | €3,050 | €3,281 | +€232 | +7.6% |
| Total equity and liabilities | 10/49 | €472,574 | €481,890 | +€9,316 | +2.0% |
| Equity | 10/15 | €409,898 | €194,928 | -€214,970 | -52.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €402,333 | €187,363 | -€214,970 | -53.4% |
| Distributable reserves | 133 | €402,333 | €187,363 | -€214,970 | -53.4% |
| Profit (loss) carried forward | 14 | €1,365 | €1,365 | = | 0.0% |
| Amounts payable | 17/49 | €62,676 | €286,962 | +€224,286 | +358% |
| Amounts payable within one year | 42/48 | €62,676 | €286,962 | +€224,286 | +358% |
| Trade debts | 44 | €7,433 | €13,793 | +€6,360 | +85.6% |
| Suppliers | 440/4 | €7,433 | €13,793 | +€6,360 | +85.6% |
| Taxes, remuneration and social security | 45 | €6,443 | €6,363 | -€80 | -1.2% |
| Taxes | 450/3 | €6,443 | €6,363 | -€80 | -1.2% |
| Other amounts payable | 47/48 | €48,800 | €266,806 | +€218,006 | +447% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,518 | €18,646 | -€3,872 | -17.2% |
| Other operating charges | 640/8 | €2,082 | €2,056 | -€25 | -1.2% |
| Gross operating margin | 9900 | €77,034 | €111,080 | +€34,046 | +44.2% |
| Operating profit (loss) | 9901 | €52,434 | €90,378 | +€37,944 | +72.4% |
| Financial income | 75/76B | €1,094 | €2,823 | +€1,729 | +158% |
| Recurring financial income | 75 | €1,094 | €2,823 | +€1,729 | +158% |
| Financial charges | 65/66B | €3,144 | €2,674 | -€471 | -15.0% |
| Recurring financial charges | 65 | €3,144 | €2,674 | -€471 | -15.0% |
| Profit (loss) for the period before taxes | 9903 | €50,384 | €90,526 | +€40,143 | +79.7% |
| Income taxes | 67/77 | €15,716 | €26,895 | +€11,179 | +71.1% |
| Profit (loss) for the period | 9904 | €34,668 | €63,631 | +€28,963 | +83.5% |
| Profit (loss) for the period to be appropriated | 9905 | €34,668 | €63,631 | +€28,963 | +83.5% |
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 26 October 2026 via checked.be.