MDI Management: 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.
MDI Management
Largest movements
- Receivables within one year -€112,528
down €112,528 (-43.0%), from €261,519 to €148,992
of which Trade receivables: -€121,000
- Cash +€42,189
up €42,189 (+247%), from €17,059 to €59,248
mainly Net result for the year (+€264,897) and Other debts (+€169,590)
- Reserves -€226,005
down €226,005 (-96.8%), from €233,556 to €7,550
- Other debts +€169,590
up €169,590 (+206%), from €82,283 to €251,873
- Current portion of long-term debt -€31,059
down €31,059 (-62.1%), from €50,000 to €18,941
- Tax, wage and social debts +€13,585
up €13,585 (+21.9%), from €62,006 to €75,591
of which Taxes: +€18,092
- Gross operating margin +€47,179
up €47,179 (+15.2%), from €310,882 to €358,062
- Taxes +€11,849
up €11,849 (+16.3%), from €72,859 to €84,708
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.
Derived cash bridge
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 | €454,311 | €376,594 | -€77,717 | -17.1% |
| Fixed assets | 21/28 | €31,364 | €28,354 | -€3,010 | -9.6% |
| Tangible fixed assets | 22/27 | €31,364 | €28,354 | -€3,010 | -9.6% |
| Plant, machinery and equipment | 23 | €2,216 | €1,716 | -€500 | -22.6% |
| Furniture and vehicles | 24 | €9,607 | €9,271 | -€336 | -3.5% |
| Other tangible fixed assets | 26 | €19,541 | €17,367 | -€2,174 | -11.1% |
| Current assets | 29/58 | €422,947 | €348,240 | -€74,707 | -17.7% |
| Amounts receivable after more than one year | 29 | €140,000 | €140,000 | = | 0.0% |
| Other amounts receivable | 291 | €140,000 | €140,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €261,519 | €148,992 | -€112,528 | -43.0% |
| Trade receivables | 40 | €254,100 | €133,100 | -€121,000 | -47.6% |
| Other amounts receivable | 41 | €7,419 | €15,892 | +€8,472 | +114% |
| Cash at bank and in hand | 54/58 | €17,059 | €59,248 | +€42,189 | +247% |
| Deferred charges and accrued income | 490/1 | €4,369 | €0 | -€4,369 | -100% |
| Total equity and liabilities | 10/49 | €454,311 | €376,594 | -€77,717 | -17.1% |
| Equity | 10/15 | €252,156 | €26,150 | -€226,005 | -89.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €233,556 | €7,550 | -€226,005 | -96.8% |
| Distributable reserves | 133 | €233,556 | €7,550 | -€226,005 | -96.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €202,155 | €350,444 | +€148,288 | +73.4% |
| Amounts payable within one year | 42/48 | €200,655 | €349,694 | +€149,038 | +74.3% |
| Current portion of amounts payable after more than one year | 42 | €50,000 | €18,941 | -€31,059 | -62.1% |
| Financial debts | 43 | €795 | €0 | -€795 | -100% |
| Credit institutions | 430/8 | €795 | €0 | -€795 | -100% |
| Trade debts | 44 | €5,572 | €3,289 | -€2,283 | -41.0% |
| Suppliers | 440/4 | €5,572 | €3,289 | -€2,283 | -41.0% |
| Taxes, remuneration and social security | 45 | €62,006 | €75,591 | +€13,585 | +21.9% |
| Taxes | 450/3 | €55,209 | €73,301 | +€18,092 | +32.8% |
| Remuneration and social security | 454/9 | €6,797 | €2,290 | -€4,507 | -66.3% |
| Other amounts payable | 47/48 | €82,283 | €251,873 | +€169,590 | +206% |
| Accrued charges and deferred income | 492/3 | €1,500 | €750 | -€750 | -50.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,440 | €7,213 | +€774 | +12.0% |
| Other operating charges | 640/8 | €1,045 | €982 | -€63 | -6.1% |
| Gross operating margin | 9900 | €310,882 | €358,062 | +€47,179 | +15.2% |
| Operating profit (loss) | 9901 | €303,398 | €349,866 | +€46,469 | +15.3% |
| Financial income | 75/76B | €4,369 | €4,774 | +€405 | +9.3% |
| Recurring financial income | 75 | €4,369 | €4,774 | +€405 | +9.3% |
| Financial charges | 65/66B | €3,211 | €5,036 | +€1,824 | +56.8% |
| Recurring financial charges | 65 | €3,211 | €5,036 | +€1,824 | +56.8% |
| Profit (loss) for the period before taxes | 9903 | €304,555 | €349,605 | +€45,050 | +14.8% |
| Income taxes | 67/77 | €72,859 | €84,708 | +€11,849 | +16.3% |
| Profit (loss) for the period | 9904 | €231,696 | €264,897 | +€33,201 | +14.3% |
| Profit (loss) for the period to be appropriated | 9905 | €231,696 | €264,897 | +€33,201 | +14.3% |
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 18 October 2026 via checked.be.