MDexperts.be: 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.
MDexperts.be
Largest movements
- Cash +€10,574
up €10,574 (+31.0%), from €34,112 to €44,686
mainly Current investments (+€10,000) and Net result for the year (+€8,036)
- Current investments -€10,000
no longer reported in 2025 (was €10,000)
- Receivables within one year +€4,119
up €4,119 (+93.5%), from €4,404 to €8,523
of which Trade receivables: +€3,374
- Tangible fixed assets -€3,326
down €3,326 (-65.0%), from €5,117 to €1,791
of which Plant, machinery and equipment: -€1,832
- Deferred charges and accrued income +€2,616
up €2,616 (+423.3%), from €618 to €3,234
- Profit (loss) carried forward +€23,677
no longer reported in 2025 (was -€23,677)
- Reserves -€15,641
down €15,641 (-25.0%), from €62,533 to €46,892
- Other debts -€4,664
down €4,664 (-38.6%), from €12,081 to €7,417
- Trade debts +€1,278
up €1,278 (+121.9%), from €1,048 to €2,326
- Tax, wage and social debts -€667
down €667 (-30.8%), from €2,166 to €1,499
- Gross operating margin +€31,713
up €31,713, from -€17,932 to €13,781
- Other operating charges +€254
up €254 (+35.2%), from €721 to €975
- Depreciation -€198
down €198 (-4.3%), from €4,643 to €4,445
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.
Cash bridge derived
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 | €54,251 | €58,234 | +€3,983 | +7.3% |
| Fixed assets | 21/28 | €5,117 | €1,791 | -€3,326 | -65.0% |
| Tangible fixed assets | 22/27 | €5,117 | €1,791 | -€3,326 | -65.0% |
| Plant, machinery and equipment | 23 | €2,825 | €993 | -€1,832 | -64.8% |
| Furniture and vehicles | 24 | €2,292 | €798 | -€1,494 | -65.2% |
| Current assets | 29/58 | €49,134 | €56,443 | +€7,309 | +14.9% |
| Amounts receivable within one year | 40/41 | €4,404 | €8,523 | +€4,119 | +93.5% |
| Trade receivables | 40 | €4,404 | €7,778 | +€3,374 | +76.6% |
| Other amounts receivable | 41 | - | €745 | +€745 | |
| Current investments | 50/53 | €10,000 | - | -€10,000 | |
| Cash at bank and in hand | 54/58 | €34,112 | €44,686 | +€10,574 | +31.0% |
| Deferred charges and accrued income | 490/1 | €618 | €3,234 | +€2,616 | +423.3% |
| Total equity and liabilities | 10/49 | €54,251 | €58,234 | +€3,983 | +7.3% |
| Equity | 10/15 | €38,956 | €46,992 | +€8,036 | +20.6% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €62,533 | €46,892 | -€15,641 | -25.0% |
| Distributable reserves | 133 | €62,533 | €46,892 | -€15,641 | -25.0% |
| Profit (loss) carried forward | 14 | -€23,677 | - | +€23,677 | |
| Amounts payable | 17/49 | €15,295 | €11,242 | -€4,053 | -26.5% |
| Amounts payable within one year | 42/48 | €15,295 | €11,242 | -€4,053 | -26.5% |
| Trade debts | 44 | €1,048 | €2,326 | +€1,278 | +121.9% |
| Suppliers | 440/4 | €1,048 | €2,326 | +€1,278 | +121.9% |
| Taxes, remuneration and social security | 45 | €2,166 | €1,499 | -€667 | -30.8% |
| Taxes | 450/3 | €2,166 | €1,499 | -€667 | -30.8% |
| Other amounts payable | 47/48 | €12,081 | €7,417 | -€4,664 | -38.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,643 | €4,445 | -€198 | -4.3% |
| Other operating charges | 640/8 | €721 | €975 | +€254 | +35.2% |
| Gross operating margin | 9900 | -€17,932 | €13,781 | +€31,713 | |
| Operating profit (loss) | 9901 | -€23,296 | €8,361 | +€31,657 | |
| Financial income | 75/76B | €488 | €320 | -€168 | -34.4% |
| Recurring financial income | 75 | €488 | €320 | -€168 | -34.4% |
| Financial charges | 65/66B | €376 | €293 | -€83 | -22.1% |
| Recurring financial charges | 65 | €376 | €293 | -€83 | -22.1% |
| Profit (loss) for the period before taxes | 9903 | -€23,184 | €8,388 | +€31,572 | |
| Income taxes | 67/77 | €493 | €352 | -€141 | -28.6% |
| Profit (loss) for the period | 9904 | -€23,677 | €8,036 | +€31,713 | |
| Profit (loss) for the period to be appropriated | 9905 | -€23,677 | €8,036 | +€31,713 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.