MDK CONCEPT: 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.
MDK CONCEPT
Largest movements
- Deferred charges and accrued income -€2,113
down €2,113 (-37.7%), from €5,612 to €3,499
- Receivables within one year -€1,213
down €1,213 (-9.4%), from €12,909 to €11,695
of which Other amounts receivable: -€1,347
- Cash -€549
down €549 (-23.1%), from €2,375 to €1,826
mainly Net result for the year (-€10,529) and Advances received (-€3,012)
- Profit (loss) carried forward -€10,529
down €10,529 (-121.2%), from -€8,685 to -€19,214
- Other debts +€7,534
up €7,534 (+33.4%), from €22,527 to €30,060
- Advances received -€3,012
down €3,012 (-91.9%), from €3,276 to €264
- Trade debts +€2,093
up €2,093 (+65.8%), from €3,184 to €5,277
- Gross operating margin -€7,262
down €7,262 (-299.7%), from -€2,423 to -€9,685
- Other operating charges +€517
new in 2025: €517
- Depreciation +€152
up €152 (+430.5%), from €35 to €187
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 | €21,801 | €17,887 | -€3,913 | -18.0% |
| Fixed assets | 21/28 | €526 | €339 | -€187 | -35.6% |
| Tangible fixed assets | 22/27 | €526 | €339 | -€187 | -35.6% |
| Furniture and vehicles | 24 | €526 | €339 | -€187 | -35.6% |
| Current assets | 29/58 | €21,275 | €17,548 | -€3,726 | -17.5% |
| Stocks and contracts in progress | 3 | €379 | €528 | +€149 | +39.4% |
| Stocks | 30/36 | €379 | €528 | +€149 | +39.4% |
| Amounts receivable within one year | 40/41 | €12,909 | €11,695 | -€1,213 | -9.4% |
| Trade receivables | 40 | €10,057 | €10,191 | +€133 | +1.3% |
| Other amounts receivable | 41 | €2,851 | €1,504 | -€1,347 | -47.2% |
| Cash at bank and in hand | 54/58 | €2,375 | €1,826 | -€549 | -23.1% |
| Deferred charges and accrued income | 490/1 | €5,612 | €3,499 | -€2,113 | -37.7% |
| Total equity and liabilities | 10/49 | €21,801 | €17,887 | -€3,913 | -18.0% |
| Equity | 10/15 | -€7,185 | -€17,714 | -€10,529 | -146.5% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,685 | -€19,214 | -€10,529 | -121.2% |
| Amounts payable | 17/49 | €28,986 | €35,601 | +€6,615 | +22.8% |
| Amounts payable within one year | 42/48 | €28,986 | €35,601 | +€6,615 | +22.8% |
| Trade debts | 44 | €3,184 | €5,277 | +€2,093 | +65.8% |
| Suppliers | 440/4 | €3,184 | €5,277 | +€2,093 | +65.8% |
| Advances received on contracts in progress | 46 | €3,276 | €264 | -€3,012 | -91.9% |
| Other amounts payable | 47/48 | €22,527 | €30,060 | +€7,534 | +33.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35 | €187 | +€152 | +430.5% |
| Other operating charges | 640/8 | - | €517 | +€517 | |
| Gross operating margin | 9900 | -€2,423 | -€9,685 | -€7,262 | -299.7% |
| Operating profit (loss) | 9901 | -€2,458 | -€10,389 | -€7,930 | -322.6% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €102 | €140 | +€38 | +37.0% |
| Recurring financial charges | 65 | €102 | €140 | +€38 | +37.0% |
| Profit (loss) for the period before taxes | 9903 | -€2,560 | -€10,529 | -€7,968 | -311.2% |
| Profit (loss) for the period | 9904 | -€2,560 | -€10,529 | -€7,968 | -311.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,560 | -€10,529 | -€7,968 | -311.2% |
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 4 October 2026 via checked.be.