MDI: 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.
MDI
Largest movements
- Tangible fixed assets -€38,191
down €38,191 (-7.5%), from €511,312 to €473,121
of which Land and buildings: -€37,653
- Receivables within one year +€23,892
up €23,892 (+42.5%), from €56,210 to €80,101
of which Trade receivables: +€22,676
- Cash -€11,515
down €11,515 (-19.8%), from €58,071 to €46,556
mainly Receivables within one year (-€23,892) and Net result for the year (-€15,612)
- Deferred charges and accrued income +€9,863
up €9,863 (+4156.2%), from €237 to €10,100
- Profit (loss) carried forward -€15,612
down €15,612 (-70.0%), from €22,303 to €6,691
- Gross operating margin -€1,448
down €1,448 (-3.8%), from €37,862 to €36,414
- Depreciation +€396
up €396 (+0.8%), from €47,410 to €47,806
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 | €626,651 | €610,699 | -€15,952 | -2.5% |
| Fixed assets | 21/28 | €512,132 | €473,941 | -€38,191 | -7.5% |
| Tangible fixed assets | 22/27 | €511,312 | €473,121 | -€38,191 | -7.5% |
| Land and buildings | 22 | €510,373 | €472,720 | -€37,653 | -7.4% |
| Furniture and vehicles | 24 | €940 | €401 | -€539 | -57.3% |
| Financial fixed assets | 28 | €820 | €820 | = | 0.0% |
| Current assets | 29/58 | €114,518 | €136,757 | +€22,239 | +19.4% |
| Amounts receivable within one year | 40/41 | €56,210 | €80,101 | +€23,892 | +42.5% |
| Trade receivables | 40 | €54,438 | €77,114 | +€22,676 | +41.7% |
| Other amounts receivable | 41 | €1,772 | €2,988 | +€1,216 | +68.6% |
| Cash at bank and in hand | 54/58 | €58,071 | €46,556 | -€11,515 | -19.8% |
| Deferred charges and accrued income | 490/1 | €237 | €10,100 | +€9,863 | +4156.2% |
| Total equity and liabilities | 10/49 | €626,651 | €610,699 | -€15,952 | -2.5% |
| Equity | 10/15 | €623,577 | €607,965 | -€15,612 | -2.5% |
| Contributions | 10/11 | €438,067 | €438,067 | = | 0.0% |
| Capital | 10 | €438,067 | €438,067 | = | 0.0% |
| Issued capital | 100 | €438,067 | €438,067 | = | 0.0% |
| Reserves | 13 | €163,207 | €163,207 | = | 0.0% |
| Non-distributable reserves | 130/1 | €43,207 | €43,207 | = | 0.0% |
| Legal reserve | 130 | €43,207 | €43,207 | = | 0.0% |
| Distributable reserves | 133 | €120,000 | €120,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €22,303 | €6,691 | -€15,612 | -70.0% |
| Amounts payable | 17/49 | €3,074 | €2,734 | -€340 | -11.1% |
| Amounts payable within one year | 42/48 | €1,390 | €1,050 | -€340 | -24.5% |
| Trade debts | 44 | €477 | €658 | +€182 | +38.1% |
| Suppliers | 440/4 | €477 | €658 | +€182 | +38.1% |
| Taxes, remuneration and social security | 45 | €522 | - | -€522 | |
| Taxes | 450/3 | €522 | - | -€522 | |
| Other amounts payable | 47/48 | €392 | €392 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €1,683 | €1,683 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,410 | €47,806 | +€396 | +0.8% |
| Other operating charges | 640/8 | €3,864 | €3,986 | +€122 | +3.2% |
| Gross operating margin | 9900 | €37,862 | €36,414 | -€1,448 | -3.8% |
| Operating profit (loss) | 9901 | -€13,412 | -€15,378 | -€1,966 | -14.7% |
| Financial income | 75/76B | €1 | €1 | -€0 | -37.5% |
| Recurring financial income | 75 | €1 | €1 | -€0 | -37.5% |
| Financial charges | 65/66B | €217 | €234 | +€17 | +7.8% |
| Recurring financial charges | 65 | €217 | €234 | +€17 | +7.8% |
| Profit (loss) for the period before taxes | 9903 | -€13,629 | -€15,612 | -€1,983 | -14.6% |
| Profit (loss) for the period | 9904 | -€13,629 | -€15,612 | -€1,983 | -14.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,629 | -€15,612 | -€1,983 | -14.6% |
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 1 October 2026 via checked.be.