MDF ASSOCIES: 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.
MDF ASSOCIES
Largest movements
- Tangible fixed assets +€11,752
up €11,752 (+11.6%), from €101,643 to €113,395
of which Furniture and vehicles: +€16,548
- Receivables within one year -€2,889
down €2,889 (-97.5%), from €2,963 to €74
- Debts after one year +€7,349
up €7,349 (+12.0%), from €61,011 to €68,360
- Tax, wage and social debts +€2,570
new in 2024: €2,570
- Trade debts -€2,201
no longer reported in 2024 (was €2,201)
- Profit (loss) carried forward +€1,145
up €1,145 (+3.2%), from -€35,393 to -€34,248
- Gross operating margin -€39,967
down €39,967 (-84.3%), from €47,410 to €7,442
- Other operating charges -€1,815
down €1,815 (-95.5%), from €1,900 to €85
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €104,656 | €113,519 | +€8,863 | +8.5% |
| Fixed assets | 21/28 | €101,643 | €113,395 | +€11,752 | +11.6% |
| Tangible fixed assets | 22/27 | €101,643 | €113,395 | +€11,752 | +11.6% |
| Land and buildings | 22 | €100,078 | €95,754 | -€4,324 | -4.3% |
| Plant, machinery and equipment | 23 | €1,042 | €570 | -€472 | -45.3% |
| Furniture and vehicles | 24 | €522 | €17,071 | +€16,548 | +3,168% |
| Current assets | 29/58 | €3,012 | €124 | -€2,889 | -95.9% |
| Amounts receivable within one year | 40/41 | €2,963 | €74 | -€2,889 | -97.5% |
| Other amounts receivable | 41 | €2,963 | €74 | -€2,889 | -97.5% |
| Cash at bank and in hand | 54/58 | €49 | €49 | = | 0.0% |
| Total equity and liabilities | 10/49 | €104,656 | €113,519 | +€8,863 | +8.5% |
| Equity | 10/15 | €14,832 | €15,977 | +€1,145 | +7.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Capital | 10 | €18,592 | €18,592 | = | 0.0% |
| Issued capital | 100 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €31,632 | €31,632 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Legal reserve | 130 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €29,773 | €29,773 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€35,393 | -€34,248 | +€1,145 | +3.2% |
| Amounts payable | 17/49 | €89,824 | €97,542 | +€7,718 | +8.6% |
| Amounts payable after more than one year | 17 | €61,011 | €68,360 | +€7,349 | +12.0% |
| Other amounts payable | 178/9 | €61,011 | €68,360 | +€7,349 | +12.0% |
| Amounts payable within one year | 42/48 | €28,813 | €29,182 | +€369 | +1.3% |
| Trade debts | 44 | €2,201 | - | -€2,201 | |
| Suppliers | 440/4 | €2,201 | - | -€2,201 | |
| Taxes, remuneration and social security | 45 | - | €2,570 | +€2,570 | |
| Taxes | 450/3 | - | €2,570 | +€2,570 | |
| Other amounts payable | 47/48 | €26,612 | €26,612 | = | 0.0% |
| Non-recurring operating income | 76A | €58,586 | €3,206 | -€55,380 | -94.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,235 | €6,212 | -€23 | -0.4% |
| Other operating charges | 640/8 | €1,900 | €85 | -€1,815 | -95.5% |
| Non-recurring operating charges | 66A | €127,854 | - | -€127,854 | |
| Gross operating margin | 9900 | €47,410 | €7,442 | -€39,967 | -84.3% |
| Operating profit (loss) | 9901 | -€88,579 | €1,145 | +€89,724 | |
| Profit (loss) for the period before taxes | 9903 | -€88,579 | €1,145 | +€89,724 | |
| Transfer from deferred taxes | 780 | €22,139 | - | -€22,139 | |
| Profit (loss) for the period | 9904 | -€66,440 | €1,145 | +€67,585 | |
| Transfer from tax-exempt reserves | 789 | €65,134 | - | -€65,134 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,306 | €1,145 | +€2,451 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.