MDG Concept: what changed
Two fiscal 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 Concept
Largest movements
- Cash -€1,429
down €1,429 (-6.7%), from €21,486 to €20,057
mainly Net result for the year (-€1,615) and Tax, wage and social debts (-€469)
- Receivables within one year -€516
down €516 (-79.2%), from €651 to €135
of which Other amounts receivable: -€413
- Profit (loss) carried forward -€1,615
new in 2025: -€1,615
- Tax, wage and social debts -€469
no longer reported in 2025 (was €469)
- Gross operating margin -€4,406
down €4,406, from €3,033 to -€1,372
- Taxes -€469
no longer reported in 2025 (was €469)
- Financial charges +€88
up €88 (+225.6%), from €39 to €127
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 | €22,367 | €20,422 | -€1,946 | -8.7% |
| Current assets | 29/58 | €22,367 | €20,422 | -€1,946 | -8.7% |
| Amounts receivable within one year | 40/41 | €651 | €135 | -€516 | -79.2% |
| Trade receivables | 40 | €103 | - | -€103 | |
| Other amounts receivable | 41 | €548 | €135 | -€413 | -75.3% |
| Cash at bank and in hand | 54/58 | €21,486 | €20,057 | -€1,429 | -6.7% |
| Deferred charges and accrued income | 490/1 | €230 | €230 | = | 0.0% |
| Total equity and liabilities | 10/49 | €22,367 | €20,422 | -€1,946 | -8.7% |
| Equity | 10/15 | €21,324 | €19,709 | -€1,615 | -7.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €18,324 | €18,324 | = | 0.0% |
| Distributable reserves | 133 | €18,324 | €18,324 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€1,615 | -€1,615 | |
| Amounts payable | 17/49 | €1,044 | €713 | -€331 | -31.7% |
| Amounts payable within one year | 42/48 | €1,044 | €713 | -€331 | -31.7% |
| Trade debts | 44 | €575 | €713 | +€138 | +24.0% |
| Suppliers | 440/4 | €575 | €713 | +€138 | +24.0% |
| Taxes, remuneration and social security | 45 | €469 | - | -€469 | |
| Taxes | 450/3 | €469 | - | -€469 | |
| Other operating charges | 640/8 | €118 | €120 | +€2 | +1.7% |
| Gross operating margin | 9900 | €3,033 | -€1,372 | -€4,406 | |
| Operating profit (loss) | 9901 | €2,915 | -€1,492 | -€4,408 | |
| Financial income | 75/76B | €4 | €5 | +€1 | +21.5% |
| Recurring financial income | 75 | €4 | €5 | +€1 | +21.5% |
| Financial charges | 65/66B | €39 | €127 | +€88 | +225.6% |
| Recurring financial charges | 65 | €39 | €127 | +€88 | +225.6% |
| Profit (loss) for the period before taxes | 9903 | €2,880 | -€1,615 | -€4,495 | |
| Income taxes | 67/77 | €469 | - | -€469 | |
| Profit (loss) for the period | 9904 | €2,411 | -€1,615 | -€4,026 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,411 | -€1,615 | -€4,026 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.