MDD: 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.
MDD
Largest movements
- Cash +€3,027
up €3,027 (+49.1%), from €6,167 to €9,194
mainly Net result for the year (+€4,197) and Receivables within one year (+€1,315)
- Receivables within one year -€1,315
down €1,315 (-18.6%), from €7,080 to €5,765
of which Other amounts receivable: -€783
- Tangible fixed assets -€832
down €832 (-47.5%), from €1,752 to €921
- Profit (loss) carried forward +€4,197
up €4,197 (+87.2%), from €4,813 to €9,010
- Tax, wage and social debts -€3,438
down €3,438 (-69.2%), from €4,967 to €1,529
of which Remuneration and social security: -€4,269
- Gross operating margin -€7,243
down €7,243 (-49.8%), from €14,546 to €7,304
- Taxes +€831
up €831 (+119.1%), from €698 to €1,529
- Other operating charges -€504
down €504 (-42.1%), from €1,196 to €692
- Depreciation +€339
up €339 (+69.0%), from €492 to €832
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €15,037 | €15,879 | +€842 | +5.6% |
| Fixed assets | 21/28 | €1,752 | €921 | -€832 | -47.5% |
| Tangible fixed assets | 22/27 | €1,752 | €921 | -€832 | -47.5% |
| Furniture and vehicles | 24 | €1,752 | €921 | -€832 | -47.5% |
| Current assets | 29/58 | €13,284 | €14,958 | +€1,674 | +12.6% |
| Amounts receivable within one year | 40/41 | €7,080 | €5,765 | -€1,315 | -18.6% |
| Trade receivables | 40 | €532 | - | -€532 | |
| Other amounts receivable | 41 | €6,548 | €5,765 | -€783 | -12.0% |
| Cash at bank and in hand | 54/58 | €6,167 | €9,194 | +€3,027 | +49.1% |
| Deferred charges and accrued income | 490/1 | €37 | - | -€37 | |
| Total equity and liabilities | 10/49 | €15,037 | €15,879 | +€842 | +5.6% |
| Equity | 10/15 | €9,813 | €14,010 | +€4,197 | +42.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,813 | €9,010 | +€4,197 | +87.2% |
| Amounts payable | 17/49 | €5,224 | €1,869 | -€3,355 | -64.2% |
| Amounts payable within one year | 42/48 | €5,224 | €1,869 | -€3,355 | -64.2% |
| Trade debts | 44 | €257 | €340 | +€83 | +32.3% |
| Suppliers | 440/4 | €257 | €340 | +€83 | +32.3% |
| Taxes, remuneration and social security | 45 | €4,967 | €1,529 | -€3,438 | -69.2% |
| Taxes | 450/3 | €698 | €1,529 | +€831 | +119.1% |
| Remuneration and social security | 454/9 | €4,269 | - | -€4,269 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €492 | €832 | +€339 | +69.0% |
| Other operating charges | 640/8 | €1,196 | €692 | -€504 | -42.1% |
| Gross operating margin | 9900 | €14,546 | €7,304 | -€7,243 | -49.8% |
| Operating profit (loss) | 9901 | €12,858 | €5,780 | -€7,078 | -55.0% |
| Financial income | 75/76B | €61 | €188 | +€127 | +207.6% |
| Recurring financial income | 75 | €61 | €188 | +€127 | +207.6% |
| Financial charges | 65/66B | €221 | €242 | +€22 | +9.9% |
| Recurring financial charges | 65 | €221 | €242 | +€22 | +9.9% |
| Profit (loss) for the period before taxes | 9903 | €12,699 | €5,726 | -€6,973 | -54.9% |
| Income taxes | 67/77 | €698 | €1,529 | +€831 | +119.1% |
| Profit (loss) for the period | 9904 | €12,002 | €4,197 | -€7,804 | -65.0% |
| Profit (loss) for the period to be appropriated | 9905 | €12,002 | €4,197 | -€7,804 | -65.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.