MDInforce: 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.
MDInforce
Largest movements
- Cash +€66,087
up €66,087 (+20.1%), from €328,805 to €394,892
mainly Net result for the year (+€84,982) and Tax, wage and social debts (+€12,166)
- Current investments +€24,186
up €24,186 (+16.5%), from €146,743 to €170,929
- Reserves +€84,982
up €84,982 (+17.7%), from €479,142 to €564,124
- Tax, wage and social debts +€12,166
up €12,166 (+1731.1%), from €703 to €12,869
- Gross operating margin -€43,817
down €43,817 (-20.6%), from €213,164 to €169,347
- Taxes -€15,229
down €15,229 (-30.6%), from €49,836 to €34,607
- Staff costs +€4,495
up €4,495 (+10.2%), from €44,186 to €48,681
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 | €503,552 | €596,894 | +€93,341 | +18.5% |
| Fixed assets | 21/28 | €3,055 | €2,094 | -€962 | -31.5% |
| Tangible fixed assets | 22/27 | €3,055 | €2,094 | -€962 | -31.5% |
| Plant, machinery and equipment | 23 | €2,108 | €1,572 | -€536 | -25.4% |
| Other tangible fixed assets | 26 | €948 | €522 | -€426 | -44.9% |
| Current assets | 29/58 | €500,497 | €594,800 | +€94,303 | +18.8% |
| Amounts receivable within one year | 40/41 | €21,558 | €25,938 | +€4,380 | +20.3% |
| Trade receivables | 40 | €9,275 | €22,452 | +€13,177 | +142.1% |
| Other amounts receivable | 41 | €12,283 | €3,487 | -€8,797 | -71.6% |
| Current investments | 50/53 | €146,743 | €170,929 | +€24,186 | +16.5% |
| Cash at bank and in hand | 54/58 | €328,805 | €394,892 | +€66,087 | +20.1% |
| Deferred charges and accrued income | 490/1 | €3,391 | €3,042 | -€349 | -10.3% |
| Total equity and liabilities | 10/49 | €503,552 | €596,894 | +€93,341 | +18.5% |
| Equity | 10/15 | €491,642 | €576,624 | +€84,982 | +17.3% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €479,142 | €564,124 | +€84,982 | +17.7% |
| Distributable reserves | 133 | €479,142 | €564,124 | +€84,982 | +17.7% |
| Amounts payable | 17/49 | €11,910 | €20,270 | +€8,360 | +70.2% |
| Amounts payable within one year | 42/48 | €11,910 | €20,270 | +€8,360 | +70.2% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €1,670 | €336 | -€1,333 | -79.9% |
| Suppliers | 440/4 | €1,670 | €336 | -€1,333 | -79.9% |
| Taxes, remuneration and social security | 45 | €703 | €12,869 | +€12,166 | +1731.1% |
| Taxes | 450/3 | €703 | €12,869 | +€12,166 | +1731.1% |
| Other amounts payable | 47/48 | €9,538 | €7,065 | -€2,473 | -25.9% |
| Remuneration, social security and pensions | 62 | €44,186 | €48,681 | +€4,495 | +10.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,198 | €962 | -€236 | -19.7% |
| Other operating charges | 640/8 | €2,701 | €2,145 | -€556 | -20.6% |
| Gross operating margin | 9900 | €213,164 | €169,347 | -€43,817 | -20.6% |
| Operating profit (loss) | 9901 | €165,080 | €117,559 | -€47,520 | -28.8% |
| Financial income | 75/76B | €727 | €2,166 | +€1,439 | +197.8% |
| Recurring financial income | 75 | €727 | €2,166 | +€1,439 | +197.8% |
| Financial charges | 65/66B | €131 | €136 | +€5 | +4.1% |
| Recurring financial charges | 65 | €131 | €136 | +€5 | +4.1% |
| Profit (loss) for the period before taxes | 9903 | €165,676 | €119,589 | -€46,087 | -27.8% |
| Income taxes | 67/77 | €49,836 | €34,607 | -€15,229 | -30.6% |
| Profit (loss) for the period | 9904 | €115,840 | €84,982 | -€30,858 | -26.6% |
| Profit (loss) for the period to be appropriated | 9905 | €115,840 | €84,982 | -€30,858 | -26.6% |
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 11 October 2026 via checked.be.