MDBK: what changed
Two fiscal 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.
MDBK
Largest movements
- Cash +€51,371
up €51,371 (+250.3%), from €20,527 to €71,898
mainly Net result for the year (+€44,992) and Tax, wage and social debts (+€11,356)
- Tangible fixed assets +€4,411
new in 2025: €4,411
- Receivables within one year +€1,329
up €1,329 (+11.0%), from €12,100 to €13,429
- Profit (loss) carried forward +€41,099
up €41,099 (+211.1%), from €19,465 to €60,564
- Tax, wage and social debts +€11,356
up €11,356 (+128.9%), from €8,810 to €20,166
of which Taxes: +€11,356
- Trade debts +€2,495
up €2,495 (+90.7%), from €2,752 to €5,248
- Other debts +€2,160
up €2,160 (+360.0%), from €600 to €2,760
- Gross operating margin +€36,759
up €36,759 (+177.1%), from €20,761 to €57,519
- Taxes +€11,333
new in 2025: €11,333
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.
Cash bridge derived
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 | €32,627 | €89,737 | +€57,110 | +175.0% |
| Fixed assets | 21/28 | - | €4,411 | +€4,411 | |
| Tangible fixed assets | 22/27 | - | €4,411 | +€4,411 | |
| Furniture and vehicles | 24 | - | €4,411 | +€4,411 | |
| Current assets | 29/58 | €32,627 | €85,326 | +€52,699 | +161.5% |
| Amounts receivable within one year | 40/41 | €12,100 | €13,429 | +€1,329 | +11.0% |
| Trade receivables | 40 | €12,100 | €13,429 | +€1,329 | +11.0% |
| Cash at bank and in hand | 54/58 | €20,527 | €71,898 | +€51,371 | +250.3% |
| Total equity and liabilities | 10/49 | €32,627 | €89,737 | +€57,110 | +175.0% |
| Equity | 10/15 | €20,465 | €61,564 | +€41,099 | +200.8% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €19,465 | €60,564 | +€41,099 | +211.1% |
| Amounts payable | 17/49 | €12,162 | €28,173 | +€16,011 | +131.6% |
| Amounts payable within one year | 42/48 | €12,162 | €28,173 | +€16,011 | +131.6% |
| Trade debts | 44 | €2,752 | €5,248 | +€2,495 | +90.7% |
| Suppliers | 440/4 | €2,752 | €5,248 | +€2,495 | +90.7% |
| Taxes, remuneration and social security | 45 | €8,810 | €20,166 | +€11,356 | +128.9% |
| Taxes | 450/3 | €6,310 | €17,666 | +€11,356 | +180.0% |
| Remuneration and social security | 454/9 | €2,500 | €2,500 | = | 0.0% |
| Other amounts payable | 47/48 | €600 | €2,760 | +€2,160 | +360.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €882 | €712 | -€170 | -19.2% |
| Other operating charges | 640/8 | €400 | €400 | +€0 | 0.0% |
| Non-recurring operating charges | 66A | - | €0 | +€0 | |
| Gross operating margin | 9900 | €20,761 | €57,519 | +€36,759 | +177.1% |
| Operating profit (loss) | 9901 | €19,479 | €56,407 | +€36,928 | +189.6% |
| Financial charges | 65/66B | €14 | €82 | +€68 | +478.4% |
| Recurring financial charges | 65 | €14 | €82 | +€68 | +478.4% |
| Profit (loss) for the period before taxes | 9903 | €19,465 | €56,325 | +€36,860 | +189.4% |
| Income taxes | 67/77 | - | €11,333 | +€11,333 | |
| Profit (loss) for the period | 9904 | €19,465 | €44,992 | +€25,528 | +131.1% |
| Profit (loss) for the period to be appropriated | 9905 | €19,465 | €44,992 | +€25,528 | +131.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.