MDBD: 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.
MDBD
Largest movements
- Cash +€16,151
up €16,151 (+20,987%), from €77 to €16,228
mainly Other debts (+€60,673) and Receivables within one year (+€5,775)
- Receivables within one year -€5,775
down €5,775 (-100%), from €5,775 to €0
- Other debts +€60,673
up €60,673 (+49.1%), from €123,613 to €184,286
- Debts after one year -€30,000
down €30,000 (-31.6%), from €95,000 to €65,000
- Current portion of long-term debt -€10,402
down €10,402 (-25.7%), from €40,402 to €30,000
- Reserves -€7,539
down €7,539 (-10.3%), from €73,222 to €65,683
- Financial charges -€2,819
down €2,819 (-38.4%), from €7,342 to €4,523
- Financial income -€340
down €340 (-100%), from €340 to €0
- Gross operating margin +€119
up €119 (+4.6%), from -€2,587 to -€2,469
- Other operating charges -€73
down €73 (-11.7%), from €619 to €547
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 | €344,680 | €355,057 | +€10,376 | +3.0% |
| Fixed assets | 21/28 | €338,829 | €338,829 | = | 0.0% |
| Financial fixed assets | 28 | €338,829 | €338,829 | = | 0.0% |
| Current assets | 29/58 | €5,852 | €16,228 | +€10,376 | +177% |
| Amounts receivable within one year | 40/41 | €5,775 | €0 | -€5,775 | -100% |
| Other amounts receivable | 41 | €5,775 | €0 | -€5,775 | -100% |
| Cash at bank and in hand | 54/58 | €77 | €16,228 | +€16,151 | +20,987% |
| Total equity and liabilities | 10/49 | €344,680 | €355,057 | +€10,376 | +3.0% |
| Equity | 10/15 | €78,222 | €70,683 | -€7,539 | -9.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €73,222 | €65,683 | -€7,539 | -10.3% |
| Distributable reserves | 133 | €73,222 | €65,683 | -€7,539 | -10.3% |
| Amounts payable | 17/49 | €266,458 | €284,373 | +€17,915 | +6.7% |
| Amounts payable after more than one year | 17 | €95,000 | €65,000 | -€30,000 | -31.6% |
| Financial debts | 170/4 | €95,000 | €65,000 | -€30,000 | -31.6% |
| Amounts payable within one year | 42/48 | €166,351 | €215,714 | +€49,363 | +29.7% |
| Current portion of amounts payable after more than one year | 42 | €40,402 | €30,000 | -€10,402 | -25.7% |
| Trade debts | 44 | €147 | €85 | -€62 | -42.2% |
| Suppliers | 440/4 | €147 | €85 | -€62 | -42.2% |
| Taxes, remuneration and social security | 45 | €2,189 | €1,343 | -€846 | -38.6% |
| Taxes | 450/3 | €2,189 | €1,343 | -€846 | -38.6% |
| Other amounts payable | 47/48 | €123,613 | €184,286 | +€60,673 | +49.1% |
| Accrued charges and deferred income | 492/3 | €5,107 | €3,659 | -€1,448 | -28.4% |
| Other operating charges | 640/8 | €619 | €547 | -€73 | -11.7% |
| Gross operating margin | 9900 | -€2,587 | -€2,469 | +€119 | +4.6% |
| Operating profit (loss) | 9901 | -€3,207 | -€3,015 | +€191 | +6.0% |
| Financial income | 75/76B | €340 | €0 | -€340 | -100% |
| Recurring financial income | 75 | €340 | €0 | -€340 | -100% |
| Financial charges | 65/66B | €7,342 | €4,523 | -€2,819 | -38.4% |
| Recurring financial charges | 65 | €7,342 | €4,523 | -€2,819 | -38.4% |
| Profit (loss) for the period before taxes | 9903 | -€10,209 | -€7,539 | +€2,670 | +26.2% |
| Profit (loss) for the period | 9904 | -€10,209 | -€7,539 | +€2,670 | +26.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,209 | -€7,539 | +€2,670 | +26.2% |
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 16 October 2026 via checked.be.