MDGB: 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.
MDGB
Largest movements
- Financial fixed assets +€954,959
up €954,959 (+86.8%), from €1.1m to €2.1m
- Cash -€47,034
down €47,034 (-93.7%), from €50,221 to €3,187
mainly Investment in fixed assets (net) (-€954,959) and Net result for the year (-€70,474)
- Other debts +€979,904
up €979,904 (+164.6%), from €595,344 to €1.6m
- Profit (loss) carried forward -€70,474
down €70,474 (-55.8%), from -€126,197 to -€196,671
- Gross operating margin -€65,406
down €65,406 (-1040.9%), from -€6,284 to -€71,689
- Financial income +€2,351
new in 2025: €2,351
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 | €1,149,947 | €2,058,577 | +€908,630 | +79.0% |
| Fixed assets | 21/28 | €1,099,726 | €2,054,685 | +€954,959 | +86.8% |
| Financial fixed assets | 28 | €1,099,726 | €2,054,685 | +€954,959 | +86.8% |
| Current assets | 29/58 | €50,221 | €3,892 | -€46,329 | -92.2% |
| Amounts receivable within one year | 40/41 | - | €705 | +€705 | |
| Other amounts receivable | 41 | - | €705 | +€705 | |
| Cash at bank and in hand | 54/58 | €50,221 | €3,187 | -€47,034 | -93.7% |
| Total equity and liabilities | 10/49 | €1,149,947 | €2,058,577 | +€908,630 | +79.0% |
| Equity | 10/15 | €553,803 | €483,329 | -€70,474 | -12.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €660,000 | €660,000 | = | 0.0% |
| Distributable reserves | 133 | €660,000 | €660,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€126,197 | -€196,671 | -€70,474 | -55.8% |
| Amounts payable | 17/49 | €596,144 | €1,575,249 | +€979,104 | +164.2% |
| Amounts payable within one year | 42/48 | €596,144 | €1,575,249 | +€979,104 | +164.2% |
| Trade debts | 44 | €800 | - | -€800 | |
| Suppliers | 440/4 | €800 | - | -€800 | |
| Other amounts payable | 47/48 | €595,344 | €1,575,249 | +€979,904 | +164.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €393 | - | -€393 | |
| Other operating charges | 640/8 | €921 | €968 | +€47 | +5.1% |
| Gross operating margin | 9900 | -€6,284 | -€71,689 | -€65,406 | -1040.9% |
| Operating profit (loss) | 9901 | -€7,598 | -€72,657 | -€65,059 | -856.3% |
| Financial income | 75/76B | - | €2,351 | +€2,351 | |
| Recurring financial income | 75 | - | €2,351 | +€2,351 | |
| Financial charges | 65/66B | €347 | €168 | -€179 | -51.6% |
| Recurring financial charges | 65 | €347 | €168 | -€179 | -51.6% |
| Profit (loss) for the period before taxes | 9903 | -€7,944 | -€70,474 | -€62,530 | -787.1% |
| Profit (loss) for the period | 9904 | -€7,944 | -€70,474 | -€62,530 | -787.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,944 | -€70,474 | -€62,530 | -787.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.