MDE INTERNATIONAL: 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 INTERNATIONAL
Largest movements
- Deferred charges and accrued income +€17,884
new in 2025: €17,884
- Cash +€16,396
up €16,396 (+4,684,540%), from €0 to €16,396
mainly Tax, wage and social debts (+€61,052) and Other debts (+€23,669)
- Receivables within one year +€9,022
up €9,022 (+73.9%), from €12,205 to €21,227
of which Trade receivables: +€16,600
- Tangible fixed assets +€5,084
new in 2025: €5,084
of which Assets under construction and advance payments: +€3,967
- Tax, wage and social debts +€61,052
up €61,052 (+81.3%), from €75,078 to €136,130
of which Taxes: +€31,295
- Profit (loss) carried forward -€42,820
down €42,820 (-20.0%), from -€214,475 to -€257,295
- Other debts +€23,669
up €23,669 (+97.5%), from €24,263 to €47,932
- Trade debts +€15,080
up €15,080 (+21.9%), from €68,893 to €83,973
of which Suppliers: +€14,480
- Current portion of long-term debt -€6,107
no longer reported in 2025 (was €6,107)
- Gross operating margin +€205,899
up €205,899, from -€59,688 to €146,211
- Staff costs +€15,888
up €15,888 (+11.4%), from €139,688 to €155,576
- Other operating charges +€11,826
up €11,826 (+39,418%), from €30 to €11,856
- Financial charges +€7,765
up €7,765 (+52.2%), from €14,873 to €22,639
of which Financial charges: +€9,405
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 | €40,743 | €88,724 | +€47,980 | +118% |
| Formation expenses | 20 | €1,538 | €1,133 | -€405 | -26.3% |
| Fixed assets | 21/28 | €27,000 | €32,084 | +€5,084 | +18.8% |
| Tangible fixed assets | 22/27 | - | €5,084 | +€5,084 | |
| Furniture and vehicles | 24 | - | €1,117 | +€1,117 | |
| Assets under construction and advance payments | 27 | - | €3,967 | +€3,967 | |
| Financial fixed assets | 28 | €27,000 | €27,000 | = | 0.0% |
| Current assets | 29/58 | €12,206 | €55,507 | +€43,302 | +355% |
| Amounts receivable within one year | 40/41 | €12,205 | €21,227 | +€9,022 | +73.9% |
| Trade receivables | 40 | €4,627 | €21,227 | +€16,600 | +359% |
| Other amounts receivable | 41 | €7,578 | - | -€7,578 | |
| Cash at bank and in hand | 54/58 | €0 | €16,396 | +€16,396 | +4,684,540% |
| Deferred charges and accrued income | 490/1 | - | €17,884 | +€17,884 | |
| Total equity and liabilities | 10/49 | €40,743 | €88,724 | +€47,980 | +118% |
| Equity | 10/15 | -€184,475 | -€227,295 | -€42,820 | -23.2% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€214,475 | -€257,295 | -€42,820 | -20.0% |
| Amounts payable | 17/49 | €225,218 | €316,019 | +€90,800 | +40.3% |
| Amounts payable within one year | 42/48 | €225,218 | €315,499 | +€90,280 | +40.1% |
| Current portion of amounts payable after more than one year | 42 | €6,107 | - | -€6,107 | |
| Financial debts | 43 | €50,877 | €47,464 | -€3,413 | -6.7% |
| Credit institutions | 430/8 | €50,877 | €47,464 | -€3,413 | -6.7% |
| Trade debts | 44 | €68,893 | €83,973 | +€15,080 | +21.9% |
| Suppliers | 440/4 | €68,893 | €83,373 | +€14,480 | +21.0% |
| Bills of exchange payable | 441 | - | €600 | +€600 | |
| Taxes, remuneration and social security | 45 | €75,078 | €136,130 | +€61,052 | +81.3% |
| Taxes | 450/3 | €27,453 | €58,749 | +€31,295 | +114% |
| Remuneration and social security | 454/9 | €47,625 | €77,381 | +€29,757 | +62.5% |
| Other amounts payable | 47/48 | €24,263 | €47,932 | +€23,669 | +97.5% |
| Accrued charges and deferred income | 492/3 | - | €520 | +€520 | |
| Remuneration, social security and pensions | 62 | €139,688 | €155,576 | +€15,888 | +11.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €487 | €527 | +€40 | +8.2% |
| Other operating charges | 640/8 | €30 | €11,856 | +€11,826 | +39,418% |
| Gross operating margin | 9900 | -€59,688 | €146,211 | +€205,899 | |
| Operating profit (loss) | 9901 | -€199,894 | -€21,747 | +€178,146 | +89.1% |
| Financial income | 75/76B | €292 | €1,566 | +€1,274 | +436% |
| Recurring financial income | 75 | €292 | €1,566 | +€1,274 | +436% |
| Financial charges | 65/66B | €14,873 | €22,639 | +€7,765 | +52.2% |
| Recurring financial charges | 65 | €13,233 | €22,639 | +€9,405 | +71.1% |
| Non-recurring financial charges | 66B | €1,640 | - | -€1,640 | |
| Profit (loss) for the period before taxes | 9903 | -€214,475 | -€42,820 | +€171,655 | +80.0% |
| Profit (loss) for the period | 9904 | -€214,475 | -€42,820 | +€171,655 | +80.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€214,475 | -€42,820 | +€171,655 | +80.0% |
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 30 October 2026 via checked.be.