MDG & Co: 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.
MDG & Co
Largest movements
- Receivables within one year -€2,882
down €2,882 (-70.3%), from €4,102 to €1,220
of which Trade receivables: -€2,896
- Tangible fixed assets -€2,705
down €2,705 (-29.5%), from €9,175 to €6,470
- Cash -€2,163
down €2,163 (-60.9%), from €3,555 to €1,392
mainly Net result for the year (-€2,544) and Other debts (-€2,493)
- Deferred charges and accrued income +€478
up €478 (+369.7%), from €129 to €608
- Profit (loss) carried forward -€2,544
down €2,544 (-11.3%), from -€22,504 to -€25,048
- Other debts -€2,493
down €2,493 (-18.9%), from €13,209 to €10,716
- Tax, wage and social debts -€1,525
down €1,525 (-9.4%), from €16,245 to €14,719
of which Taxes: -€1,325
- Trade debts -€585
down €585 (-15.7%), from €3,721 to €3,136
- Staff costs +€3,103
up €3,103 (+586.3%), from €529 to €3,632
- Gross operating margin -€1,621
down €1,621 (-24.5%), from €6,625 to €5,004
- Depreciation -€229
down €229 (-7.8%), from €2,934 to €2,705
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 | €29,270 | €22,123 | -€7,147 | -24.4% |
| Fixed assets | 21/28 | €9,175 | €6,470 | -€2,705 | -29.5% |
| Tangible fixed assets | 22/27 | €9,175 | €6,470 | -€2,705 | -29.5% |
| Furniture and vehicles | 24 | €9,175 | €6,470 | -€2,705 | -29.5% |
| Current assets | 29/58 | €20,095 | €15,653 | -€4,442 | -22.1% |
| Stocks and contracts in progress | 3 | €12,309 | €12,434 | +€125 | +1.0% |
| Stocks | 30/36 | €12,309 | €12,434 | +€125 | +1.0% |
| Amounts receivable within one year | 40/41 | €4,102 | €1,220 | -€2,882 | -70.3% |
| Trade receivables | 40 | €3,712 | €816 | -€2,896 | -78.0% |
| Other amounts receivable | 41 | €390 | €404 | +€14 | +3.6% |
| Cash at bank and in hand | 54/58 | €3,555 | €1,392 | -€2,163 | -60.9% |
| Deferred charges and accrued income | 490/1 | €129 | €608 | +€478 | +369.7% |
| Total equity and liabilities | 10/49 | €29,270 | €22,123 | -€7,147 | -24.4% |
| Equity | 10/15 | -€3,904 | -€6,448 | -€2,544 | -65.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€22,504 | -€25,048 | -€2,544 | -11.3% |
| Amounts payable | 17/49 | €33,174 | €28,571 | -€4,603 | -13.9% |
| Amounts payable within one year | 42/48 | €33,174 | €28,571 | -€4,603 | -13.9% |
| Trade debts | 44 | €3,721 | €3,136 | -€585 | -15.7% |
| Suppliers | 440/4 | €3,721 | €3,136 | -€585 | -15.7% |
| Taxes, remuneration and social security | 45 | €16,245 | €14,719 | -€1,525 | -9.4% |
| Taxes | 450/3 | €4,926 | €3,602 | -€1,325 | -26.9% |
| Remuneration and social security | 454/9 | €11,318 | €11,118 | -€200 | -1.8% |
| Other amounts payable | 47/48 | €13,209 | €10,716 | -€2,493 | -18.9% |
| Remuneration, social security and pensions | 62 | €529 | €3,632 | +€3,103 | +586.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,934 | €2,705 | -€229 | -7.8% |
| Other operating charges | 640/8 | €864 | €880 | +€16 | +1.9% |
| Gross operating margin | 9900 | €6,625 | €5,004 | -€1,621 | -24.5% |
| Operating profit (loss) | 9901 | €2,299 | -€2,212 | -€4,511 | |
| Financial income | 75/76B | €6 | €5 | -€1 | -16.0% |
| Recurring financial income | 75 | €6 | €5 | -€1 | -16.0% |
| Financial charges | 65/66B | €297 | €337 | +€39 | +13.2% |
| Recurring financial charges | 65 | €297 | €337 | +€39 | +13.2% |
| Profit (loss) for the period before taxes | 9903 | €2,007 | -€2,544 | -€4,551 | |
| Profit (loss) for the period | 9904 | €2,007 | -€2,544 | -€4,551 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,007 | -€2,544 | -€4,551 |
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 12 October 2026 via checked.be.