MDKO: 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.
MDKO
Largest movements
- Tangible fixed assets -€12,455
down €12,455 (-47.9%), from €25,998 to €13,543
- Cash +€5,232
up €5,232 (+63.2%), from €8,275 to €13,507
mainly Depreciation (+€12,455) and Net result for the year (+€4,161)
- Deferred charges and accrued income +€3,788
up €3,788 (+23.0%), from €16,446 to €20,234
- Debts after one year -€9,332
down €9,332 (-43.2%), from €21,578 to €12,246
- Reserves +€5,000
up €5,000 (+35.7%), from €14,000 to €19,000
- Tax, wage and social debts +€900
new in 2025: €900
- Profit (loss) carried forward -€839
down €839 (-92.4%), from €908 to €69
- Gross operating margin +€8,544
up €8,544 (+71.5%), from €11,953 to €20,497
- Other operating charges -€960
down €960 (-55.9%), from €1,717 to €757
- Taxes +€937
up €937 (+1018.5%), from €92 to €1,029
- Depreciation -€488
down €488 (-3.8%), from €12,943 to €12,455
- Financial charges +€225
up €225 (+12.0%), from €1,870 to €2,095
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 | €50,719 | €47,284 | -€3,435 | -6.8% |
| Fixed assets | 21/28 | €25,998 | €13,543 | -€12,455 | -47.9% |
| Tangible fixed assets | 22/27 | €25,998 | €13,543 | -€12,455 | -47.9% |
| Furniture and vehicles | 24 | €25,998 | €13,543 | -€12,455 | -47.9% |
| Current assets | 29/58 | €24,721 | €33,741 | +€9,020 | +36.5% |
| Cash at bank and in hand | 54/58 | €8,275 | €13,507 | +€5,232 | +63.2% |
| Deferred charges and accrued income | 490/1 | €16,446 | €20,234 | +€3,788 | +23.0% |
| Total equity and liabilities | 10/49 | €50,719 | €47,284 | -€3,435 | -6.8% |
| Equity | 10/15 | €18,908 | €23,069 | +€4,161 | +22.0% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €14,000 | €19,000 | +€5,000 | +35.7% |
| Distributable reserves | 133 | €14,000 | €19,000 | +€5,000 | +35.7% |
| Profit (loss) carried forward | 14 | €908 | €69 | -€839 | -92.4% |
| Amounts payable | 17/49 | €31,811 | €24,215 | -€7,596 | -23.9% |
| Amounts payable after more than one year | 17 | €21,578 | €12,246 | -€9,332 | -43.2% |
| Financial debts | 170/4 | €21,578 | €12,246 | -€9,332 | -43.2% |
| Amounts payable within one year | 42/48 | €10,218 | €11,513 | +€1,295 | +12.7% |
| Current portion of amounts payable after more than one year | 42 | €9,777 | €10,172 | +€395 | +4.0% |
| Trade debts | 44 | €407 | - | -€407 | |
| Suppliers | 440/4 | €407 | - | -€407 | |
| Taxes, remuneration and social security | 45 | - | €900 | +€900 | |
| Taxes | 450/3 | - | €900 | +€900 | |
| Other amounts payable | 47/48 | €34 | €441 | +€407 | +1197.1% |
| Accrued charges and deferred income | 492/3 | €15 | €456 | +€441 | +2940.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,943 | €12,455 | -€488 | -3.8% |
| Other operating charges | 640/8 | €1,717 | €757 | -€960 | -55.9% |
| Gross operating margin | 9900 | €11,953 | €20,497 | +€8,544 | +71.5% |
| Operating profit (loss) | 9901 | -€2,707 | €7,285 | +€9,992 | |
| Financial income | 75/76B | €52 | - | -€52 | |
| Recurring financial income | 75 | €52 | - | -€52 | |
| Financial charges | 65/66B | €1,870 | €2,095 | +€225 | +12.0% |
| Recurring financial charges | 65 | €1,870 | €2,095 | +€225 | +12.0% |
| Profit (loss) for the period before taxes | 9903 | -€4,525 | €5,190 | +€9,715 | |
| Income taxes | 67/77 | €92 | €1,029 | +€937 | +1018.5% |
| Profit (loss) for the period | 9904 | -€4,617 | €4,161 | +€8,778 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,617 | €4,161 | +€8,778 |
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 9 October 2026 via checked.be.