MDK CONSULT: 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.
MDK CONSULT
Largest movements
- Cash +€179,044
up €179,044 (+73.7%), from €242,866 to €421,911
mainly Other debts (+€325,450) and Net result for the year (+€170,379)
- Tangible fixed assets -€20,508
down €20,508 (-2.6%), from €795,853 to €775,346
of which Assets under construction and advance payments: -€15,992
- Other debts +€325,450
up €325,450 (+41,528%), from €784 to €326,234
- Reserves -€153,078
down €153,078 (-22.8%), from €671,489 to €518,411
- Depreciation +€4,108
up €4,108 (+8.8%), from €46,487 to €50,595
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 | €1,052,040 | €1,217,805 | +€165,765 | +15.8% |
| Fixed assets | 21/28 | €795,853 | €775,346 | -€20,508 | -2.6% |
| Tangible fixed assets | 22/27 | €795,853 | €775,346 | -€20,508 | -2.6% |
| Land and buildings | 22 | €729,358 | €737,671 | +€8,312 | +1.1% |
| Plant, machinery and equipment | 23 | €11,821 | €10,152 | -€1,669 | -14.1% |
| Furniture and vehicles | 24 | €38,682 | €27,523 | -€11,159 | -28.8% |
| Assets under construction and advance payments | 27 | €15,992 | €0 | -€15,992 | -100% |
| Current assets | 29/58 | €256,187 | €442,460 | +€186,273 | +72.7% |
| Amounts receivable within one year | 40/41 | €11,835 | €19,639 | +€7,803 | +65.9% |
| Trade receivables | 40 | €11,123 | €17,226 | +€6,103 | +54.9% |
| Other amounts receivable | 41 | €712 | €2,412 | +€1,700 | +239% |
| Cash at bank and in hand | 54/58 | €242,866 | €421,911 | +€179,044 | +73.7% |
| Deferred charges and accrued income | 490/1 | €1,485 | €910 | -€575 | -38.7% |
| Total equity and liabilities | 10/49 | €1,052,040 | €1,217,805 | +€165,765 | +15.8% |
| Equity | 10/15 | €992,278 | €839,200 | -€153,078 | -15.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €671,489 | €518,411 | -€153,078 | -22.8% |
| Distributable reserves | 133 | €671,489 | €518,411 | -€153,078 | -22.8% |
| Profit (loss) carried forward | 14 | €314,589 | €314,589 | = | 0.0% |
| Amounts payable | 17/49 | €59,762 | €378,606 | +€318,844 | +534% |
| Amounts payable within one year | 42/48 | €59,762 | €378,606 | +€318,844 | +534% |
| Trade debts | 44 | €13,013 | €7,684 | -€5,329 | -41.0% |
| Suppliers | 440/4 | €13,013 | €7,684 | -€5,329 | -41.0% |
| Advances received on contracts in progress | 46 | - | €466 | +€466 | |
| Taxes, remuneration and social security | 45 | €45,965 | €44,222 | -€1,743 | -3.8% |
| Taxes | 450/3 | €45,965 | €39,951 | -€6,015 | -13.1% |
| Remuneration and social security | 454/9 | - | €4,272 | +€4,272 | |
| Other amounts payable | 47/48 | €784 | €326,234 | +€325,450 | +41,528% |
| Non-recurring operating income | 76A | €9,000 | €0 | -€9,000 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,487 | €50,595 | +€4,108 | +8.8% |
| Other operating charges | 640/8 | €6,163 | €6,225 | +€62 | +1.0% |
| Gross operating margin | 9900 | €303,164 | €301,056 | -€2,107 | -0.7% |
| Operating profit (loss) | 9901 | €250,514 | €244,237 | -€6,277 | -2.5% |
| Financial income | 75/76B | €433 | €0 | -€433 | -100% |
| Recurring financial income | 75 | €433 | €0 | -€433 | -100% |
| Financial charges | 65/66B | €47 | €47 | +€1 | +2.0% |
| Recurring financial charges | 65 | €47 | €47 | +€1 | +2.0% |
| Profit (loss) for the period before taxes | 9903 | €250,901 | €244,189 | -€6,712 | -2.7% |
| Income taxes | 67/77 | €76,707 | €73,810 | -€2,897 | -3.8% |
| Profit (loss) for the period | 9904 | €174,194 | €170,379 | -€3,814 | -2.2% |
| Profit (loss) for the period to be appropriated | 9905 | €174,194 | €170,379 | -€3,814 | -2.2% |
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 15 October 2026 via checked.be.