MDB MANAGEMENT: what changed
What changed
MDB MANAGEMENT
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
€426,895
2024 · €295,780+€131,116
Equity
€5.1m
2024 · €6.2m-€1.2m
Cash
€464,614
2024 · €95,969+€368,645
Balance sheet total
€8.3m
2024 · €8.6m-€350,876
Largest movements
Assets
- Receivables after one year -€596,000
down €596,000 (-57.0%), from €1.0m to €450,000
- Current investments -€400,000
down €400,000 (-100%), from €400,000 to €0
- Cash +€368,645
up €368,645 (+384%), from €95,969 to €464,614
mainly Other debts (+€976,667) and Receivables after one year (+€596,000)
- Receivables within one year +€302,386
up €302,386 (+161%), from €187,330 to €489,717
of which Other amounts receivable: +€305,099
Equity and liabilities
- Reserves -€1.2m
down €1.2m (-40.8%), from €2.9m to €1.7m
- Other debts +€976,667
up €976,667 (+132%), from €740,779 to €1.7m
- Debts after one year -€168,652
down €168,652 (-12.5%), from €1.4m to €1.2m
Income statement
- Financial income +€145,567
up €145,567 (+86.8%), from €167,675 to €313,242
- Taxes +€15,160
up €15,160 (+15.1%), from €100,438 to €115,597
- Other operating charges +€5,160
up €5,160 (+142%), from €3,637 to €8,797
- Gross operating margin +€4,065
up €4,065 (+1.5%), from €274,912 to €278,977
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€295,780
Gross operating margin
+€4,065
Depreciation
+€52
Other operating charges
-€5,160
Financial income
+€145,567
Financial charges
+€1,751
Taxes
-€15,160
Result 2025
€426,895
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€1.7m
Investment
+€402,155
Financing
-€1.8m
Cash 2024
€95,969
From operations (derived)
+€1.7m
Net result for the year
+€426,895
Depreciation
+€23,752
Receivables after one year
+€596,000
Receivables within one year
-€302,386
Smaller working-capital items
+€1,098
Tax, wage and social debts
+€16,795
Other debts
+€976,667
Investment (derived)
+€402,155
Investment in fixed assets (net)
+€2,155
Current investments
+€400,000
Financing
-€1.8m
Debts after one year
-€168,652
Current portion of long-term debt
+€1,369
Short-term financial debts
-€1
Contributions, distributions and other
-€1.6m
Cash 2025
€464,614
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,619,611 | €8,268,735 | -€350,876 | -4.1% |
| Fixed assets | 21/28 | €6,890,312 | €6,864,404 | -€25,907 | -0.4% |
| Tangible fixed assets | 22/27 | €960,949 | €935,042 | -€25,907 | -2.7% |
| Land and buildings | 22 | €960,806 | €935,042 | -€25,764 | -2.7% |
| Other tangible fixed assets | 26 | €144 | €0 | -€144 | -100% |
| Financial fixed assets | 28 | €5,929,362 | €5,929,362 | = | 0.0% |
| Current assets | 29/58 | €1,729,299 | €1,404,331 | -€324,968 | -18.8% |
| Amounts receivable after more than one year | 29 | €1,046,000 | €450,000 | -€596,000 | -57.0% |
| Other amounts receivable | 291 | €1,046,000 | €450,000 | -€596,000 | -57.0% |
| Amounts receivable within one year | 40/41 | €187,330 | €489,717 | +€302,386 | +161% |
| Trade receivables | 40 | €4,350 | €1,637 | -€2,713 | -62.4% |
| Other amounts receivable | 41 | €182,981 | €488,080 | +€305,099 | +167% |
| Current investments | 50/53 | €400,000 | €0 | -€400,000 | -100% |
| Cash at bank and in hand | 54/58 | €95,969 | €464,614 | +€368,645 | +384% |
| Total equity and liabilities | 10/49 | €8,619,611 | €8,268,735 | -€350,876 | -4.1% |
| Equity | 10/15 | €6,239,450 | €5,061,298 | -€1.2m | -18.9% |
| Contributions | 10/11 | €3,140,733 | €3,140,733 | = | 0.0% |
| Reserves | 13 | €2,884,882 | €1,706,730 | -€1.2m | -40.8% |
| Distributable reserves | 133 | €2,884,882 | €1,706,730 | -€1.2m | -40.8% |
| Profit (loss) carried forward | 14 | €213,834 | €213,834 | = | 0.0% |
| Provisions and deferred taxes | 16 | €33,658 | €33,658 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €33,658 | €33,658 | = | 0.0% |
| Pensions and similar obligations | 160 | €33,658 | €33,658 | = | 0.0% |
| Amounts payable | 17/49 | €2,346,504 | €3,173,780 | +€827,276 | +35.3% |
| Amounts payable after more than one year | 17 | €1,352,245 | €1,183,593 | -€168,652 | -12.5% |
| Financial debts | 170/4 | €1,352,245 | €1,183,593 | -€168,652 | -12.5% |
| Amounts payable within one year | 42/48 | €992,887 | €1,988,788 | +€995,901 | +100% |
| Current portion of amounts payable after more than one year | 42 | €167,283 | €168,652 | +€1,369 | +0.8% |
| Financial debts | 43 | €12,500 | €12,499 | -€1 | 0.0% |
| Credit institutions | 430/8 | €12,500 | €12,499 | -€1 | 0.0% |
| Trade debts | 44 | €222 | €1,294 | +€1,072 | +483% |
| Suppliers | 440/4 | €222 | €1,294 | +€1,072 | +483% |
| Taxes, remuneration and social security | 45 | €72,102 | €88,897 | +€16,795 | +23.3% |
| Taxes | 450/3 | €72,102 | €88,897 | +€16,795 | +23.3% |
| Other amounts payable | 47/48 | €740,779 | €1,717,447 | +€976,667 | +132% |
| Accrued charges and deferred income | 492/3 | €1,372 | €1,398 | +€26 | +1.9% |
| Non-recurring operating income | 76A | - | €698 | +€698 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,804 | €23,752 | -€52 | -0.2% |
| Other operating charges | 640/8 | €3,637 | €8,797 | +€5,160 | +142% |
| Gross operating margin | 9900 | €274,912 | €278,977 | +€4,065 | +1.5% |
| Operating profit (loss) | 9901 | €247,471 | €246,428 | -€1,043 | -0.4% |
| Financial income | 75/76B | €167,675 | €313,242 | +€145,567 | +86.8% |
| Recurring financial income | 75 | €167,675 | €313,242 | +€145,567 | +86.8% |
| Financial charges | 65/66B | €18,929 | €17,178 | -€1,751 | -9.3% |
| Recurring financial charges | 65 | €18,929 | €17,178 | -€1,751 | -9.3% |
| Profit (loss) for the period before taxes | 9903 | €396,217 | €542,493 | +€146,275 | +36.9% |
| Income taxes | 67/77 | €100,438 | €115,597 | +€15,160 | +15.1% |
| Profit (loss) for the period | 9904 | €295,780 | €426,895 | +€131,116 | +44.3% |
| Profit (loss) for the period to be appropriated | 9905 | €295,780 | €426,895 | +€131,116 | +44.3% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.