MDBL: 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.
MDBL
Largest movements
- Tangible fixed assets +€726,800
up €726,800 (+669%), from €108,663 to €835,463
of which Land and buildings: +€749,726
- Cash +€15,261
up €15,261 (+376%), from €4,060 to €19,321
mainly Debts after one year (+€555,151) and Other debts (+€234,176)
- Receivables after one year -€13,000
no longer reported in 2025 (was €13,000)
- Debts after one year +€555,151
up €555,151 (+783%), from €70,930 to €626,080
- Other debts +€234,176
up €234,176 (+9,692%), from €2,416 to €236,592
- Profit (loss) carried forward -€79,876
down €79,876, from €2,626 to -€77,250
- Current portion of long-term debt +€19,930
up €19,930 (+80.0%), from €24,920 to €44,849
- Gross operating margin -€102,737
down €102,737, from €57,278 to -€45,459
- Taxes -€7,300
down €7,300 (-85.9%), from €8,500 to €1,200
- Depreciation -€656
down €656 (-2.6%), from €25,156 to €24,500
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 | €140,492 | €871,817 | +€731,325 | +521% |
| Fixed assets | 21/28 | €113,463 | €835,463 | +€722,000 | +636% |
| Tangible fixed assets | 22/27 | €108,663 | €835,463 | +€726,800 | +669% |
| Land and buildings | 22 | - | €749,726 | +€749,726 | |
| Furniture and vehicles | 24 | €45,846 | €33,682 | -€12,165 | -26.5% |
| Other tangible fixed assets | 26 | €62,816 | €52,055 | -€10,761 | -17.1% |
| Financial fixed assets | 28 | €4,800 | - | -€4,800 | |
| Current assets | 29/58 | €27,029 | €36,354 | +€9,325 | +34.5% |
| Amounts receivable after more than one year | 29 | €13,000 | - | -€13,000 | |
| Other amounts receivable | 291 | €13,000 | - | -€13,000 | |
| Amounts receivable within one year | 40/41 | €9,233 | €17,033 | +€7,800 | +84.5% |
| Trade receivables | 40 | €8,733 | €8,733 | = | 0.0% |
| Other amounts receivable | 41 | €500 | €8,300 | +€7,800 | +1,560% |
| Cash at bank and in hand | 54/58 | €4,060 | €19,321 | +€15,261 | +376% |
| Deferred charges and accrued income | 490/1 | €736 | - | -€736 | |
| Total equity and liabilities | 10/49 | €140,492 | €871,817 | +€731,325 | +521% |
| Equity | 10/15 | €23,086 | -€56,790 | -€79,876 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,626 | -€77,250 | -€79,876 | |
| Amounts payable | 17/49 | €117,406 | €928,607 | +€811,201 | +691% |
| Amounts payable after more than one year | 17 | €70,930 | €626,080 | +€555,151 | +783% |
| Financial debts | 170/4 | €70,930 | €626,080 | +€555,151 | +783% |
| Amounts payable within one year | 42/48 | €46,476 | €302,527 | +€256,051 | +551% |
| Current portion of amounts payable after more than one year | 42 | €24,920 | €44,849 | +€19,930 | +80.0% |
| Trade debts | 44 | €11,494 | €13,194 | +€1,700 | +14.8% |
| Suppliers | 440/4 | €11,494 | €13,194 | +€1,700 | +14.8% |
| Taxes, remuneration and social security | 45 | €7,646 | €7,891 | +€245 | +3.2% |
| Taxes | 450/3 | €7,646 | €7,891 | +€245 | +3.2% |
| Other amounts payable | 47/48 | €2,416 | €236,592 | +€234,176 | +9,692% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,156 | €24,500 | -€656 | -2.6% |
| Other operating charges | 640/8 | €1,537 | €1,381 | -€156 | -10.1% |
| Gross operating margin | 9900 | €57,278 | -€45,459 | -€102,737 | |
| Operating profit (loss) | 9901 | €30,586 | -€71,340 | -€101,926 | |
| Financial income | 75/76B | €260 | - | -€260 | |
| Recurring financial income | 75 | €260 | - | -€260 | |
| Financial charges | 65/66B | €7,613 | €7,336 | -€277 | -3.6% |
| Recurring financial charges | 65 | €7,613 | €7,336 | -€277 | -3.6% |
| Profit (loss) for the period before taxes | 9903 | €23,233 | -€78,676 | -€101,909 | |
| Income taxes | 67/77 | €8,500 | €1,200 | -€7,300 | -85.9% |
| Profit (loss) for the period | 9904 | €14,733 | -€79,876 | -€94,609 | |
| Profit (loss) for the period to be appropriated | 9905 | €14,733 | -€79,876 | -€94,609 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.