MDHJ: 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.
MDHJ
Largest movements
- Cash +€18,052
up €18,052 (+581.5%), from €3,104 to €21,156
mainly Trade debts (+€24,408) and Net result for the year (+€10,879)
- Receivables within one year -€1,698
down €1,698 (-35.7%), from €4,764 to €3,065
- Tangible fixed assets +€950
up €950 (+24.1%), from €3,933 to €4,883
- Short-term financial debts -€26,799
down €26,799 (-59.0%), from €45,452 to €18,653
- Trade debts +€24,408
new in 2025: €24,408
- Profit (loss) carried forward +€10,879
up €10,879 (+17.1%), from -€63,699 to -€52,819
- Tax, wage and social debts +€8,814
new in 2025: €8,814
- Turnover +€162,160
up €162,160 (+695.6%), from €23,311 to €185,471
- Purchases and services +€104,943
up €104,943 (+316.9%), from €33,116 to €138,059
- Gross operating margin +€57,218
up €57,218, from -€9,805 to €47,413
- Staff costs +€34,597
new in 2025: €34,597
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 | €11,801 | €29,104 | +€17,303 | +146.6% |
| Fixed assets | 21/28 | €3,933 | €4,883 | +€950 | +24.1% |
| Tangible fixed assets | 22/27 | €3,933 | €4,883 | +€950 | +24.1% |
| Furniture and vehicles | 24 | €3,933 | €4,883 | +€950 | +24.1% |
| Current assets | 29/58 | €7,868 | €24,221 | +€16,353 | +207.8% |
| Amounts receivable within one year | 40/41 | €4,764 | €3,065 | -€1,698 | -35.7% |
| Other amounts receivable | 41 | €4,764 | €3,065 | -€1,698 | -35.7% |
| Cash at bank and in hand | 54/58 | €3,104 | €21,156 | +€18,052 | +581.5% |
| Total equity and liabilities | 10/49 | €11,801 | €29,104 | +€17,303 | +146.6% |
| Equity | 10/15 | -€33,651 | -€22,771 | +€10,879 | +32.3% |
| 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 | €11,456 | €11,456 | = | 0.0% |
| Non-distributable reserves | 130/1 | €152 | €152 | = | 0.0% |
| Legal reserve | 130 | €152 | €152 | = | 0.0% |
| Distributable reserves | 133 | €11,304 | €11,304 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€63,699 | -€52,819 | +€10,879 | +17.1% |
| Amounts payable | 17/49 | €45,452 | €51,875 | +€6,424 | +14.1% |
| Amounts payable within one year | 42/48 | €45,452 | €51,875 | +€6,424 | +14.1% |
| Financial debts | 43 | €45,452 | €18,653 | -€26,799 | -59.0% |
| Other loans | 439 | €45,452 | €18,653 | -€26,799 | -59.0% |
| Trade debts | 44 | - | €24,408 | +€24,408 | |
| Suppliers | 440/4 | - | €24,408 | +€24,408 | |
| Taxes, remuneration and social security | 45 | - | €8,814 | +€8,814 | |
| Remuneration and social security | 454/9 | - | €8,814 | +€8,814 | |
| Turnover | 70 | €23,311 | €185,471 | +€162,160 | +695.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €33,116 | €138,059 | +€104,943 | +316.9% |
| Remuneration, social security and pensions | 62 | - | €34,597 | +€34,597 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,438 | +€1,438 | |
| Other operating charges | 640/8 | - | €101 | +€101 | |
| Gross operating margin | 9900 | -€9,805 | €47,413 | +€57,218 | |
| Operating profit (loss) | 9901 | -€9,805 | €11,277 | +€21,082 | |
| Financial charges | 65/66B | - | €398 | +€398 | |
| Recurring financial charges | 65 | - | €398 | +€398 | |
| Profit (loss) for the period before taxes | 9903 | -€9,805 | €10,879 | +€20,684 | |
| Profit (loss) for the period | 9904 | -€9,805 | €10,879 | +€20,684 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,805 | €10,879 | +€20,684 |
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 9 October 2026 via checked.be.