MDias: 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.
MDias
Largest movements
- Receivables within one year +€515,162
up €515,162 (+126.3%), from €407,865 to €923,027
of which Other amounts receivable: +€593,534
- Deferred charges and accrued income +€56,538
up €56,538 (+25022.3%), from €226 to €56,764
- Debts after one year +€1.3m
up €1.3m, from €0 to €1.3m
- Other debts -€1.1m
down €1.1m (-100.0%), from €1.1m to €0
- Tax, wage and social debts +€303,221
up €303,221 (+2793.8%), from €10,853 to €314,074
- Profit (loss) carried forward +€55,844
up €55,844 (+108.6%), from €51,428 to €107,272
- Trade debts +€37,269
up €37,269 (+37.0%), from €100,825 to €138,094
- Financial income +€45,152
new in 2025: €45,152
- Gross operating margin +€30,882
up €30,882 (+89.8%), from €34,375 to €65,257
- Financial charges +€30,863
up €30,863 (+326.4%), from €9,457 to €40,320
- Depreciation -€6,936
down €6,936 (-54.0%), from €12,857 to €5,920
- Other operating charges +€3,797
up €3,797 (+108.3%), from €3,507 to €7,303
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 | €1,366,221 | €1,932,922 | +€566,701 | +41.5% |
| Fixed assets | 21/28 | €958,087 | €952,166 | -€5,920 | -0.6% |
| Tangible fixed assets | 22/27 | €5,920 | €0 | -€5,920 | -100.0% |
| Furniture and vehicles | 24 | €5,920 | €0 | -€5,920 | -100.0% |
| Financial fixed assets | 28 | €952,166 | €952,166 | = | 0.0% |
| Current assets | 29/58 | €408,135 | €980,756 | +€572,621 | +140.3% |
| Amounts receivable within one year | 40/41 | €407,865 | €923,027 | +€515,162 | +126.3% |
| Trade receivables | 40 | €133,120 | €54,748 | -€78,372 | -58.9% |
| Other amounts receivable | 41 | €274,746 | €868,279 | +€593,534 | +216.0% |
| Cash at bank and in hand | 54/58 | €44 | €965 | +€921 | +2115.3% |
| Deferred charges and accrued income | 490/1 | €226 | €56,764 | +€56,538 | +25022.3% |
| Total equity and liabilities | 10/49 | €1,366,221 | €1,932,922 | +€566,701 | +41.5% |
| Equity | 10/15 | €165,428 | €221,272 | +€55,844 | +33.8% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €14,000 | €14,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €14,000 | €0 | -€14,000 | -100.0% |
| Reserves not available under the articles | 1311 | €14,000 | €0 | -€14,000 | -100.0% |
| Distributable reserves | 133 | - | €14,000 | +€14,000 | |
| Profit (loss) carried forward | 14 | €51,428 | €107,272 | +€55,844 | +108.6% |
| Amounts payable | 17/49 | €1,200,793 | €1,711,650 | +€510,857 | +42.5% |
| Amounts payable after more than one year | 17 | €0 | €1,259,320 | +€1.3m | |
| Other amounts payable | 178/9 | €0 | €1,259,320 | +€1.3m | |
| Amounts payable within one year | 42/48 | €1,198,685 | €452,169 | -€746,516 | -62.3% |
| Current portion of amounts payable after more than one year | 42 | €13,967 | €0 | -€13,967 | -100.0% |
| Trade debts | 44 | €100,825 | €138,094 | +€37,269 | +37.0% |
| Suppliers | 440/4 | €100,825 | €138,094 | +€37,269 | +37.0% |
| Taxes, remuneration and social security | 45 | €10,853 | €314,074 | +€303,221 | +2793.8% |
| Taxes | 450/3 | €10,853 | €314,074 | +€303,221 | +2793.8% |
| Other amounts payable | 47/48 | €1,073,039 | €0 | -€1.1m | -100.0% |
| Accrued charges and deferred income | 492/3 | €2,109 | €162 | -€1,947 | -92.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,857 | €5,920 | -€6,936 | -54.0% |
| Other operating charges | 640/8 | €3,507 | €7,303 | +€3,797 | +108.3% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €34,375 | €65,257 | +€30,882 | +89.8% |
| Operating profit (loss) | 9901 | €18,011 | €52,033 | +€34,021 | +188.9% |
| Financial income | 75/76B | - | €45,152 | +€45,152 | |
| Recurring financial income | 75 | - | €45,152 | +€45,152 | |
| Financial charges | 65/66B | €9,457 | €40,320 | +€30,863 | +326.4% |
| Recurring financial charges | 65 | €9,457 | €40,320 | +€30,863 | +326.4% |
| Profit (loss) for the period before taxes | 9903 | €8,555 | €56,865 | +€48,310 | +564.7% |
| Income taxes | 67/77 | €1,018 | €1,021 | +€3 | +0.3% |
| Profit (loss) for the period | 9904 | €7,537 | €55,844 | +€48,307 | +640.9% |
| Profit (loss) for the period to be appropriated | 9905 | €7,537 | €55,844 | +€48,307 | +640.9% |
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 8 October 2026 via checked.be.