MDCarrelage: 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.
MDCarrelage
Largest movements
- Deferred charges and accrued income -€13,279
down €13,279 (-68.7%), from €19,329 to €6,050
- Receivables within one year -€10,429
down €10,429 (-38.5%), from €27,075 to €16,646
of which Other amounts receivable: -€9,263
- Cash -€3,798
down €3,798 (-41.5%), from €9,143 to €5,345
mainly Net result for the year (-€21,522) and Investment in fixed assets (net) (-€9,015)
- Tangible fixed assets +€3,321
up €3,321 (+57.2%), from €5,811 to €9,132
of which Furniture and vehicles: +€7,393
- Stocks and contracts -€1,873
down €1,873 (-29.9%), from €6,256 to €4,383
- Profit (loss) carried forward -€21,522
down €21,522, from €2,047 to -€19,475
- Trade debts -€3,789
down €3,789 (-85.7%), from €4,423 to €634
- Gross operating margin -€44,248
down €44,248 (-93.4%), from €47,362 to €3,114
- Taxes -€6,843
down €6,843 (-96.2%), from €7,110 to €267
- Staff costs +€2,017
up €2,017 (+12.7%), from €15,902 to €17,919
- Other operating charges -€993
down €993 (-72.3%), from €1,374 to €381
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 | €67,614 | €41,556 | -€26,057 | -38.5% |
| Fixed assets | 21/28 | €5,811 | €9,132 | +€3,321 | +57.2% |
| Tangible fixed assets | 22/27 | €5,811 | €9,132 | +€3,321 | +57.2% |
| Plant, machinery and equipment | 23 | €5,637 | €1,565 | -€4,072 | -72.2% |
| Furniture and vehicles | 24 | €174 | €7,567 | +€7,393 | +4,250% |
| Current assets | 29/58 | €61,803 | €32,424 | -€29,379 | -47.5% |
| Stocks and contracts in progress | 3 | €6,256 | €4,383 | -€1,873 | -29.9% |
| Stocks | 30/36 | €6,256 | €4,383 | -€1,873 | -29.9% |
| Amounts receivable within one year | 40/41 | €27,075 | €16,646 | -€10,429 | -38.5% |
| Trade receivables | 40 | €14,641 | €13,475 | -€1,166 | -8.0% |
| Other amounts receivable | 41 | €12,434 | €3,171 | -€9,263 | -74.5% |
| Cash at bank and in hand | 54/58 | €9,143 | €5,345 | -€3,798 | -41.5% |
| Deferred charges and accrued income | 490/1 | €19,329 | €6,050 | -€13,279 | -68.7% |
| Total equity and liabilities | 10/49 | €67,614 | €41,556 | -€26,057 | -38.5% |
| Equity | 10/15 | €57,047 | €35,525 | -€21,522 | -37.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €52,000 | €52,000 | = | 0.0% |
| Distributable reserves | 133 | €52,000 | €52,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,047 | -€19,475 | -€21,522 | |
| Amounts payable | 17/49 | €10,567 | €6,032 | -€4,535 | -42.9% |
| Amounts payable within one year | 42/48 | €10,567 | €6,032 | -€4,535 | -42.9% |
| Current portion of amounts payable after more than one year | 42 | €493 | - | -€493 | |
| Trade debts | 44 | €4,423 | €634 | -€3,789 | -85.7% |
| Suppliers | 440/4 | €4,423 | €634 | -€3,789 | -85.7% |
| Taxes, remuneration and social security | 45 | €5,384 | €5,397 | +€13 | +0.2% |
| Taxes | 450/3 | €3,502 | €2,298 | -€1,204 | -34.4% |
| Remuneration and social security | 454/9 | €1,882 | €3,100 | +€1,217 | +64.7% |
| Other amounts payable | 47/48 | €267 | - | -€267 | |
| Remuneration, social security and pensions | 62 | €15,902 | €17,919 | +€2,017 | +12.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,717 | €5,694 | -€23 | -0.4% |
| Other operating charges | 640/8 | €1,374 | €381 | -€993 | -72.3% |
| Gross operating margin | 9900 | €47,362 | €3,114 | -€44,248 | -93.4% |
| Operating profit (loss) | 9901 | €24,369 | -€20,880 | -€45,249 | |
| Financial income | 75/76B | €38 | €266 | +€228 | +606% |
| Recurring financial income | 75 | €38 | €266 | +€228 | +606% |
| Financial charges | 65/66B | €960 | €640 | -€320 | -33.3% |
| Recurring financial charges | 65 | €960 | €640 | -€320 | -33.3% |
| Profit (loss) for the period before taxes | 9903 | €23,447 | -€21,255 | -€44,701 | |
| Income taxes | 67/77 | €7,110 | €267 | -€6,843 | -96.2% |
| Profit (loss) for the period | 9904 | €16,337 | -€21,522 | -€37,859 | |
| Profit (loss) for the period to be appropriated | 9905 | €16,337 | -€21,522 | -€37,859 |
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 22 October 2026 via checked.be.