MDE Concept: 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.
MDE Concept
Largest movements
- Tangible fixed assets -€23,611
down €23,611 (-35.2%), from €67,135 to €43,523
of which Furniture and vehicles: -€21,818
- Cash +€18,279
up €18,279 (+56.9%), from €32,097 to €50,375
mainly Depreciation (+€23,611) and Net result for the year (+€17,433)
- Receivables within one year -€1,489
down €1,489 (-10.3%), from €14,410 to €12,921
of which Other amounts receivable: -€1,626
- Profit (loss) carried forward +€17,433
up €17,433 (+92.2%), from €18,906 to €36,339
- Debts after one year -€14,091
down €14,091 (-28.4%), from €49,546 to €35,454
- Tax, wage and social debts -€7,677
no longer reported in 2025 (was €7,677)
- Current portion of long-term debt -€4,782
down €4,782 (-28.9%), from €16,549 to €11,766
- Trade debts +€2,048
up €2,048 (+25.5%), from €8,039 to €10,086
- Staff costs -€8,949
down €8,949 (-62.1%), from €14,416 to €5,467
- Gross operating margin -€5,324
down €5,324 (-8.6%), from €61,548 to €56,224
- Other operating charges -€4,522
down €4,522 (-71.8%), from €6,296 to €1,773
- Taxes +€2,388
up €2,388 (+70.6%), from €3,380 to €5,768
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 | €115,851 | €107,976 | -€7,875 | -6.8% |
| Fixed assets | 21/28 | €67,355 | €43,744 | -€23,611 | -35.1% |
| Tangible fixed assets | 22/27 | €67,135 | €43,523 | -€23,611 | -35.2% |
| Plant, machinery and equipment | 23 | €1,045 | €815 | -€231 | -22.0% |
| Furniture and vehicles | 24 | €59,483 | €37,665 | -€21,818 | -36.7% |
| Other tangible fixed assets | 26 | €6,606 | €5,044 | -€1,562 | -23.7% |
| Financial fixed assets | 28 | €220 | €220 | = | 0.0% |
| Current assets | 29/58 | €48,496 | €64,232 | +€15,736 | +32.4% |
| Amounts receivable within one year | 40/41 | €14,410 | €12,921 | -€1,489 | -10.3% |
| Trade receivables | 40 | €5,904 | €6,041 | +€138 | +2.3% |
| Other amounts receivable | 41 | €8,507 | €6,880 | -€1,626 | -19.1% |
| Cash at bank and in hand | 54/58 | €32,097 | €50,375 | +€18,279 | +56.9% |
| Deferred charges and accrued income | 490/1 | €1,989 | €935 | -€1,054 | -53.0% |
| Total equity and liabilities | 10/49 | €115,851 | €107,976 | -€7,875 | -6.8% |
| Equity | 10/15 | €21,906 | €39,339 | +€17,433 | +79.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €18,906 | €36,339 | +€17,433 | +92.2% |
| Amounts payable | 17/49 | €93,945 | €68,637 | -€25,308 | -26.9% |
| Amounts payable after more than one year | 17 | €49,546 | €35,454 | -€14,091 | -28.4% |
| Financial debts | 170/4 | €49,546 | €35,454 | -€14,091 | -28.4% |
| Amounts payable within one year | 42/48 | €44,400 | €33,183 | -€11,217 | -25.3% |
| Current portion of amounts payable after more than one year | 42 | €16,549 | €11,766 | -€4,782 | -28.9% |
| Financial debts | 43 | €1,571 | €2,447 | +€876 | +55.8% |
| Credit institutions | 430/8 | €1,571 | €2,447 | +€876 | +55.8% |
| Trade debts | 44 | €8,039 | €10,086 | +€2,048 | +25.5% |
| Suppliers | 440/4 | €8,039 | €10,086 | +€2,048 | +25.5% |
| Taxes, remuneration and social security | 45 | €7,677 | - | -€7,677 | |
| Remuneration and social security | 454/9 | €7,677 | - | -€7,677 | |
| Other amounts payable | 47/48 | €10,564 | €8,883 | -€1,681 | -15.9% |
| Remuneration, social security and pensions | 62 | €14,416 | €5,467 | -€8,949 | -62.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,950 | €23,611 | -€339 | -1.4% |
| Other operating charges | 640/8 | €6,296 | €1,773 | -€4,522 | -71.8% |
| Gross operating margin | 9900 | €61,548 | €56,224 | -€5,324 | -8.6% |
| Operating profit (loss) | 9901 | €16,885 | €25,372 | +€8,487 | +50.3% |
| Financial income | 75/76B | €123 | €150 | +€27 | +21.7% |
| Recurring financial income | 75 | €123 | €150 | +€27 | +21.7% |
| Financial charges | 65/66B | €2,500 | €2,321 | -€179 | -7.2% |
| Recurring financial charges | 65 | €2,500 | €2,321 | -€179 | -7.2% |
| Profit (loss) for the period before taxes | 9903 | €14,509 | €23,201 | +€8,693 | +59.9% |
| Income taxes | 67/77 | €3,380 | €5,768 | +€2,388 | +70.6% |
| Profit (loss) for the period | 9904 | €11,128 | €17,433 | +€6,305 | +56.7% |
| Profit (loss) for the period to be appropriated | 9905 | €11,128 | €17,433 | +€6,305 | +56.7% |
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 23 October 2026 via checked.be.