MDB ProjectConsult: 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 ProjectConsult
Largest movements
- Cash +€26,548
up €26,548 (+34.0%), from €78,148 to €104,696
mainly Net result for the year (+€68,273) and Depreciation (+€25,337)
- Tangible fixed assets +€11,476
up €11,476 (+12.5%), from €91,901 to €103,377
of which Land and buildings: +€34,344
- Receivables within one year +€4,101
up €4,101 (+22.6%), from €18,150 to €22,251
of which Trade receivables: +€2,273
- Reserves +€68,273
up €68,273 (+93.5%), from €73,046 to €141,319
- Debts after one year -€22,741
down €22,741 (-46.9%), from €48,465 to €25,724
- Other debts -€10,299
no longer reported in 2025 (was €10,299)
- Tax, wage and social debts +€4,853
up €4,853 (+18.2%), from €26,600 to €31,453
- Depreciation +€3,422
up €3,422 (+15.6%), from €21,914 to €25,337
- Gross operating margin -€2,592
down €2,592 (-2.2%), from €118,955 to €116,362
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 | €193,180 | €235,503 | +€42,323 | +21.9% |
| Fixed assets | 21/28 | €91,901 | €103,377 | +€11,476 | +12.5% |
| Tangible fixed assets | 22/27 | €91,901 | €103,377 | +€11,476 | +12.5% |
| Land and buildings | 22 | - | €34,344 | +€34,344 | |
| Plant, machinery and equipment | 23 | €19,076 | €14,372 | -€4,704 | -24.7% |
| Furniture and vehicles | 24 | €72,825 | €54,661 | -€18,164 | -24.9% |
| Current assets | 29/58 | €101,279 | €132,126 | +€30,847 | +30.5% |
| Amounts receivable within one year | 40/41 | €18,150 | €22,251 | +€4,101 | +22.6% |
| Trade receivables | 40 | €18,150 | €20,423 | +€2,273 | +12.5% |
| Other amounts receivable | 41 | - | €1,828 | +€1,828 | |
| Cash at bank and in hand | 54/58 | €78,148 | €104,696 | +€26,548 | +34.0% |
| Deferred charges and accrued income | 490/1 | €4,982 | €5,180 | +€198 | +4.0% |
| Total equity and liabilities | 10/49 | €193,180 | €235,503 | +€42,323 | +21.9% |
| Equity | 10/15 | €83,046 | €151,319 | +€68,273 | +82.2% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €73,046 | €141,319 | +€68,273 | +93.5% |
| Distributable reserves | 133 | €73,046 | €141,319 | +€68,273 | +93.5% |
| Amounts payable | 17/49 | €110,134 | €84,184 | -€25,950 | -23.6% |
| Amounts payable after more than one year | 17 | €48,465 | €25,724 | -€22,741 | -46.9% |
| Financial debts | 170/4 | €48,465 | €25,724 | -€22,741 | -46.9% |
| Amounts payable within one year | 42/48 | €59,369 | €55,917 | -€3,452 | -5.8% |
| Current portion of amounts payable after more than one year | 42 | €21,816 | €22,741 | +€924 | +4.2% |
| Trade debts | 44 | €653 | €1,724 | +€1,070 | +164% |
| Suppliers | 440/4 | €653 | €1,724 | +€1,070 | +164% |
| Taxes, remuneration and social security | 45 | €26,600 | €31,453 | +€4,853 | +18.2% |
| Taxes | 450/3 | €26,600 | €31,453 | +€4,853 | +18.2% |
| Other amounts payable | 47/48 | €10,299 | - | -€10,299 | |
| Accrued charges and deferred income | 492/3 | €2,300 | €2,542 | +€242 | +10.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,914 | €25,337 | +€3,422 | +15.6% |
| Other operating charges | 640/8 | €724 | €641 | -€83 | -11.4% |
| Gross operating margin | 9900 | €118,955 | €116,362 | -€2,592 | -2.2% |
| Operating profit (loss) | 9901 | €96,316 | €90,384 | -€5,932 | -6.2% |
| Financial income | 75/76B | €3 | - | -€3 | |
| Recurring financial income | 75 | €3 | - | -€3 | |
| Financial charges | 65/66B | €3,340 | €2,927 | -€413 | -12.4% |
| Recurring financial charges | 65 | €3,340 | €2,927 | -€413 | -12.4% |
| Profit (loss) for the period before taxes | 9903 | €92,979 | €87,457 | -€5,522 | -5.9% |
| Income taxes | 67/77 | €19,933 | €19,184 | -€749 | -3.8% |
| Profit (loss) for the period | 9904 | €73,046 | €68,273 | -€4,772 | -6.5% |
| Profit (loss) for the period to be appropriated | 9905 | €73,046 | €68,273 | -€4,772 | -6.5% |
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 15 October 2026 via checked.be.