MDK - TRADING: 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 - TRADING
Largest movements
- Financial fixed assets -€160,000
no longer reported in 2025 (was €160,000)
- Tangible fixed assets -€16,591
down €16,591 (-4.0%), from €410,940 to €394,349
of which Land and buildings: -€15,973
- Other debts -€163,253
down €163,253 (-87.7%), from €186,212 to €22,959
- Debts after one year -€20,366
down €20,366 (-12.1%), from €168,082 to €147,717
- Trade debts +€10,061
up €10,061 (+1,654%), from €608 to €10,670
- Gross operating margin -€5,431
down €5,431 (-10.8%), from €50,236 to €44,804
- Taxes -€3,657
down €3,657 (-39.1%), from €9,359 to €5,702
- Depreciation +€744
up €744 (+2.9%), from €25,722 to €26,466
- Financial charges -€731
down €731 (-8.8%), from €8,304 to €7,573
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 | €680,057 | €510,047 | -€170,010 | -25.0% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €570,940 | €394,349 | -€176,591 | -30.9% |
| Tangible fixed assets | 22/27 | €410,940 | €394,349 | -€16,591 | -4.0% |
| Land and buildings | 22 | €410,153 | €394,179 | -€15,973 | -3.9% |
| Furniture and vehicles | 24 | €787 | €169 | -€618 | -78.5% |
| Financial fixed assets | 28 | €160,000 | - | -€160,000 | |
| Current assets | 29/58 | €109,118 | €115,698 | +€6,581 | +6.0% |
| Amounts receivable within one year | 40/41 | €6,353 | €13,148 | +€6,796 | +107% |
| Trade receivables | 40 | €6,353 | €12,884 | +€6,532 | +103% |
| Other amounts receivable | 41 | €0 | €264 | +€264 | |
| Cash at bank and in hand | 54/58 | €102,765 | €102,550 | -€215 | -0.2% |
| Total equity and liabilities | 10/49 | €680,057 | €510,047 | -€170,010 | -25.0% |
| Equity | 10/15 | €305,595 | €308,336 | +€2,741 | +0.9% |
| Contributions | 10/11 | €120,000 | €120,000 | = | 0.0% |
| Capital | 10 | €120,000 | €120,000 | = | 0.0% |
| Issued capital | 100 | €120,000 | €120,000 | = | 0.0% |
| Reserves | 13 | €152,492 | €155,234 | +€2,741 | +1.8% |
| Non-distributable reserves | 130/1 | €7,833 | €7,931 | +€98 | +1.2% |
| Reserves not available under the articles | 1311 | €7,833 | €7,931 | +€98 | +1.2% |
| Distributable reserves | 133 | €144,659 | €147,302 | +€2,644 | +1.8% |
| Profit (loss) carried forward | 14 | €33,102 | €33,102 | = | 0.0% |
| Amounts payable | 17/49 | €374,463 | €201,711 | -€172,752 | -46.1% |
| Amounts payable after more than one year | 17 | €168,082 | €147,717 | -€20,366 | -12.1% |
| Financial debts | 170/4 | €168,082 | €147,717 | -€20,366 | -12.1% |
| Amounts payable within one year | 42/48 | €206,381 | €53,995 | -€152,386 | -73.8% |
| Current portion of amounts payable after more than one year | 42 | €19,560 | €20,366 | +€806 | +4.1% |
| Trade debts | 44 | €608 | €10,670 | +€10,061 | +1,654% |
| Suppliers | 440/4 | €608 | €10,670 | +€10,061 | +1,654% |
| Other amounts payable | 47/48 | €186,212 | €22,959 | -€163,253 | -87.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,722 | €26,466 | +€744 | +2.9% |
| Other operating charges | 640/8 | €3,013 | €3,106 | +€93 | +3.1% |
| Gross operating margin | 9900 | €50,236 | €44,804 | -€5,431 | -10.8% |
| Operating profit (loss) | 9901 | €21,501 | €15,232 | -€6,268 | -29.2% |
| Financial charges | 65/66B | €8,304 | €7,573 | -€731 | -8.8% |
| Recurring financial charges | 65 | €8,304 | €7,573 | -€731 | -8.8% |
| Profit (loss) for the period before taxes | 9903 | €13,196 | €7,659 | -€5,537 | -42.0% |
| Income taxes | 67/77 | €9,359 | €5,702 | -€3,657 | -39.1% |
| Profit (loss) for the period | 9904 | €3,837 | €1,957 | -€1,880 | -49.0% |
| Profit (loss) for the period to be appropriated | 9905 | €3,837 | €1,957 | -€1,880 | -49.0% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.