MDG STORE: 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.
What changed
MDG STORE
NACE 47.621, Retail sale of newspapers and periodicals
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€1,496
2024 · €20,802-€19,306
Equity
€64,211
2024 · €62,714+€1,496
Cash
€24,895
2024 · €24,832+€62
Balance sheet total
€190,527
2024 · €190,598-€72
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
- Trade debts +€17,040
up €17,040 (+29.2%), from €58,355 to €75,395
- Debts after one year -€11,725
down €11,725 (-53.8%), from €21,787 to €10,062
- Other debts -€5,167
down €5,167 (-52.2%), from €9,900 to €4,733
Income statement
- Gross operating margin -€31,142
down €31,142 (-18.9%), from €164,414 to €133,272
- Taxes -€6,208
down €6,208 (-99.3%), from €6,252 to €45
- Provisions -€4,500
down €4,500 (-64.3%), from €7,000 to €2,500
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.
Result 2024
€20,802
Gross operating margin
-€31,142
Staff costs
-€1,487
Depreciation
+€1,057
Provisions
+€4,500
Other operating charges
-€219
Financial income
+€140
Financial charges
+€1,638
Taxes
+€6,208
Result 2025
€1,496
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.
From operations
+€15,505
Investment
-€2,172
Financing
-€13,270
Cash 2024
€24,832
From operations (derived)
+€15,505
Net result for the year
+€1,496
Depreciation
+€1,610
Stocks and contracts
-€201
Receivables within one year
+€1,212
Deferred charges and accrued income
-€315
Trade debts
+€17,040
Tax, wage and social debts
-€170
Other debts
-€5,167
Investment (derived)
-€2,172
Investment in fixed assets (net)
-€2,172
Financing
-€13,270
Debts after one year
-€11,725
Current portion of long-term debt
-€1,637
Short-term financial debts
+€92
Cash 2025
€24,895
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €190,598 | €190,527 | -€72 | 0.0% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €6,963 | €7,525 | +€562 | +8.1% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €5,583 | €6,145 | +€562 | +10.1% |
| Furniture and vehicles | 24 | €0 | €780 | +€780 | |
| Other tangible fixed assets | 26 | €5,583 | €5,364 | -€218 | -3.9% |
| Financial fixed assets | 28 | €1,380 | €1,380 | = | 0.0% |
| Current assets | 29/58 | €183,636 | €183,002 | -€634 | -0.3% |
| Stocks and contracts in progress | 3 | €86,777 | €86,978 | +€201 | +0.2% |
| Stocks | 30/36 | €86,777 | €86,978 | +€201 | +0.2% |
| Amounts receivable within one year | 40/41 | €69,074 | €67,862 | -€1,212 | -1.8% |
| Trade receivables | 40 | €4,943 | €4,877 | -€66 | -1.3% |
| Other amounts receivable | 41 | €64,132 | €62,986 | -€1,146 | -1.8% |
| Cash at bank and in hand | 54/58 | €24,832 | €24,895 | +€62 | +0.3% |
| Deferred charges and accrued income | 490/1 | €2,953 | €3,268 | +€315 | +10.7% |
| Total equity and liabilities | 10/49 | €190,598 | €190,527 | -€72 | 0.0% |
| Equity | 10/15 | €62,714 | €64,211 | +€1,496 | +2.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €11,007 | €11,007 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €9,007 | €9,007 | = | 0.0% |
| Profit (loss) carried forward | 14 | €31,707 | €33,203 | +€1,496 | +4.7% |
| Amounts payable | 17/49 | €127,884 | €126,316 | -€1,568 | -1.2% |
| Amounts payable after more than one year | 17 | €21,787 | €10,062 | -€11,725 | -53.8% |
| Financial debts | 170/4 | €21,787 | €10,062 | -€11,725 | -53.8% |
| Amounts payable within one year | 42/48 | €106,097 | €116,255 | +€10,157 | +9.6% |
| Current portion of amounts payable after more than one year | 42 | €13,362 | €11,725 | -€1,637 | -12.3% |
| Financial debts | 43 | €2,456 | €2,548 | +€92 | +3.7% |
| Credit institutions | 430/8 | €2,456 | €2,548 | +€92 | +3.7% |
| Trade debts | 44 | €58,355 | €75,395 | +€17,040 | +29.2% |
| Suppliers | 440/4 | €58,355 | €75,395 | +€17,040 | +29.2% |
| Taxes, remuneration and social security | 45 | €22,024 | €21,853 | -€170 | -0.8% |
| Taxes | 450/3 | €3,481 | €2,593 | -€888 | -25.5% |
| Remuneration and social security | 454/9 | €18,543 | €19,261 | +€718 | +3.9% |
| Other amounts payable | 47/48 | €9,900 | €4,733 | -€5,167 | -52.2% |
| Non-recurring operating income | 76A | €22,072 | - | -€22,072 | |
| Remuneration, social security and pensions | 62 | €118,987 | €120,475 | +€1,487 | +1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,668 | €1,610 | -€1,057 | -39.6% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €7,000 | €2,500 | -€4,500 | -64.3% |
| Other operating charges | 640/8 | €1,660 | €1,879 | +€219 | +13.2% |
| Gross operating margin | 9900 | €164,414 | €133,272 | -€31,142 | -18.9% |
| Operating profit (loss) | 9901 | €34,099 | €6,808 | -€27,291 | -80.0% |
| Financial income | 75/76B | €0 | €140 | +€140 | |
| Recurring financial income | 75 | €0 | €140 | +€140 | |
| Financial charges | 65/66B | €7,045 | €5,406 | -€1,638 | -23.3% |
| Recurring financial charges | 65 | €7,045 | €5,406 | -€1,638 | -23.3% |
| Profit (loss) for the period before taxes | 9903 | €27,054 | €1,541 | -€25,513 | -94.3% |
| Income taxes | 67/77 | €6,252 | €45 | -€6,208 | -99.3% |
| Profit (loss) for the period | 9904 | €20,802 | €1,496 | -€19,306 | -92.8% |
| Profit (loss) for the period to be appropriated | 9905 | €20,802 | €1,496 | -€19,306 | -92.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.