MDL: 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.
MDL
Largest movements
- Receivables within one year -€9,995
down €9,995 (-94.1%), from €10,624 to €630
of which Other amounts receivable: -€10,504
- Cash +€1,163
up €1,163 (+74.5%), from €1,562 to €2,726
mainly Receivables within one year (+€9,995) and Tax, wage and social debts (+€1,806)
- Tangible fixed assets -€1,131
down €1,131 (-38.6%), from €2,930 to €1,800
- Reserves -€12,906
down €12,906 (-100.0%), from €12,906 to €0
- Tax, wage and social debts +€1,806
up €1,806 (+858.8%), from €210 to €2,017
- Other debts +€717
new in 2025: €717
- Accrued charges and deferred income +€421
new in 2025: €421
- Gross operating margin +€5,296
up €5,296, from -€2,713 to €2,583
- Financial income -€693
down €693 (-100.0%), from €693 to €0
- Other operating charges -€184
down €184 (-17.5%), from €1,053 to €869
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 | €15,116 | €5,155 | -€9,962 | -65.9% |
| Fixed assets | 21/28 | €2,930 | €1,800 | -€1,131 | -38.6% |
| Tangible fixed assets | 22/27 | €2,930 | €1,800 | -€1,131 | -38.6% |
| Furniture and vehicles | 24 | €2,930 | €1,800 | -€1,131 | -38.6% |
| Current assets | 29/58 | €12,186 | €3,355 | -€8,831 | -72.5% |
| Amounts receivable within one year | 40/41 | €10,624 | €630 | -€9,995 | -94.1% |
| Trade receivables | 40 | - | €509 | +€509 | |
| Other amounts receivable | 41 | €10,624 | €120 | -€10,504 | -98.9% |
| Cash at bank and in hand | 54/58 | €1,562 | €2,726 | +€1,163 | +74.5% |
| Total equity and liabilities | 10/49 | €15,116 | €5,155 | -€9,962 | -65.9% |
| Equity | 10/15 | €14,906 | €2,000 | -€12,906 | -86.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €12,906 | €0 | -€12,906 | -100.0% |
| Distributable reserves | 133 | €12,906 | €0 | -€12,906 | -100.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €210 | €3,155 | +€2,945 | +1399.9% |
| Amounts payable within one year | 42/48 | €210 | €2,734 | +€2,524 | +1199.8% |
| Taxes, remuneration and social security | 45 | €210 | €2,017 | +€1,806 | +858.8% |
| Taxes | 450/3 | €210 | €2,017 | +€1,806 | +858.8% |
| Other amounts payable | 47/48 | - | €717 | +€717 | |
| Accrued charges and deferred income | 492/3 | - | €421 | +€421 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,131 | €1,131 | = | 0.0% |
| Other operating charges | 640/8 | €1,053 | €869 | -€184 | -17.5% |
| Gross operating margin | 9900 | -€2,713 | €2,583 | +€5,296 | |
| Operating profit (loss) | 9901 | -€4,897 | €583 | +€5,480 | |
| Financial income | 75/76B | €693 | €0 | -€693 | -100.0% |
| Recurring financial income | 75 | €693 | €0 | -€693 | -100.0% |
| Financial charges | 65/66B | €45 | €45 | = | 0.0% |
| Recurring financial charges | 65 | €45 | €45 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€4,249 | €538 | +€4,787 | |
| Profit (loss) for the period | 9904 | -€4,249 | €538 | +€4,787 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,249 | €538 | +€4,787 |
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 10 October 2026 via checked.be.