MDBuild: 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.
MDBuild
Largest movements
- Receivables within one year +€60,743
up €60,743 (+230%), from €26,407 to €87,150
of which Trade receivables: +€48,360
- Cash -€16,716
down €16,716 (-34.6%), from €48,287 to €31,571
mainly Receivables within one year (-€60,743) and Other debts (-€8,522)
- Deferred charges and accrued income +€4,712
new in 2025: €4,712
- Tangible fixed assets -€2,324
down €2,324 (-64.5%), from €3,603 to €1,280
of which Plant, machinery and equipment: -€1,777
- Profit (loss) carried forward +€39,556
up €39,556 (+172%), from €22,967 to €62,523
- Trade debts +€14,841
up €14,841 (+70.8%), from €20,969 to €35,810
- Other debts -€8,522
no longer reported in 2025 (was €8,522)
- Gross operating margin +€15,712
up €15,712 (+39.4%), from €39,841 to €55,553
- Taxes +€7,596
up €7,596 (+126%), from €6,039 to €13,635
- Depreciation -€2,004
down €2,004 (-76.0%), from €2,636 to €632
- Financial charges +€767
up €767 (+81.0%), from €947 to €1,714
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 | €78,297 | €124,712 | +€46,415 | +59.3% |
| Fixed assets | 21/28 | €3,603 | €1,280 | -€2,324 | -64.5% |
| Tangible fixed assets | 22/27 | €3,603 | €1,280 | -€2,324 | -64.5% |
| Plant, machinery and equipment | 23 | €2,167 | €390 | -€1,777 | -82.0% |
| Furniture and vehicles | 24 | €1,437 | €889 | -€547 | -38.1% |
| Current assets | 29/58 | €74,694 | €123,433 | +€48,739 | +65.3% |
| Amounts receivable within one year | 40/41 | €26,407 | €87,150 | +€60,743 | +230% |
| Trade receivables | 40 | €26,407 | €74,767 | +€48,360 | +183% |
| Other amounts receivable | 41 | - | €12,382 | +€12,382 | |
| Cash at bank and in hand | 54/58 | €48,287 | €31,571 | -€16,716 | -34.6% |
| Deferred charges and accrued income | 490/1 | - | €4,712 | +€4,712 | |
| Total equity and liabilities | 10/49 | €78,297 | €124,712 | +€46,415 | +59.3% |
| Equity | 10/15 | €23,967 | €63,523 | +€39,556 | +165% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Contributions outside capital | 11 | - | €1,000 | +€1,000 | |
| Other | 1109/19 | - | €1,000 | +€1,000 | |
| Profit (loss) carried forward | 14 | €22,967 | €62,523 | +€39,556 | +172% |
| Amounts payable | 17/49 | €54,331 | €61,190 | +€6,859 | +12.6% |
| Amounts payable within one year | 42/48 | €54,331 | €61,190 | +€6,859 | +12.6% |
| Trade debts | 44 | €20,969 | €35,810 | +€14,841 | +70.8% |
| Suppliers | 440/4 | €20,969 | €35,810 | +€14,841 | +70.8% |
| Taxes, remuneration and social security | 45 | €24,839 | €25,379 | +€540 | +2.2% |
| Taxes | 450/3 | €18,839 | €21,879 | +€3,040 | +16.1% |
| Remuneration and social security | 454/9 | €6,000 | €3,500 | -€2,500 | -41.7% |
| Other amounts payable | 47/48 | €8,522 | - | -€8,522 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,636 | €632 | -€2,004 | -76.0% |
| Other operating charges | 640/8 | €754 | €405 | -€349 | -46.3% |
| Gross operating margin | 9900 | €39,841 | €55,553 | +€15,712 | +39.4% |
| Operating profit (loss) | 9901 | €36,451 | €54,516 | +€18,065 | +49.6% |
| Financial income | 75/76B | €2 | €389 | +€388 | +25,496% |
| Recurring financial income | 75 | €2 | €389 | +€388 | +25,496% |
| Financial charges | 65/66B | €947 | €1,714 | +€767 | +81.0% |
| Recurring financial charges | 65 | €947 | €1,714 | +€767 | +81.0% |
| Profit (loss) for the period before taxes | 9903 | €35,506 | €53,191 | +€17,685 | +49.8% |
| Income taxes | 67/77 | €6,039 | €13,635 | +€7,596 | +126% |
| Profit (loss) for the period | 9904 | €29,467 | €39,556 | +€10,089 | +34.2% |
| Profit (loss) for the period to be appropriated | 9905 | €29,467 | €39,556 | +€10,089 | +34.2% |
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 16 October 2026 via checked.be.