MDL EUREGIO: 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.
MDL EUREGIO
Largest movements
- Receivables within one year -€288,642
down €288,642 (-39.6%), from €729,470 to €440,828
of which Other amounts receivable: -€329,950
- Tangible fixed assets +€49,857
up €49,857 (+67.8%), from €73,530 to €123,387
of which Furniture and vehicles: +€47,149
- Stocks and contracts +€10,775
up €10,775 (+9.1%), from €118,415 to €129,191
- Trade debts -€208,412
down €208,412 (-46.4%), from €448,901 to €240,488
- Profit (loss) carried forward -€55,034
down €55,034 (-99.5%), from €55,292 to €258
- Tax, wage and social debts -€40,609
down €40,609 (-11.9%), from €339,880 to €299,272
of which Taxes: -€38,615
- Other debts +€34,894
new in 2025: €34,894
- Debts after one year +€23,377
up €23,377, from €0 to €23,377
- Staff costs +€189,595
up €189,595 (+11.0%), from €1.7m to €1.9m
- Gross operating margin +€115,290
up €115,290 (+6.4%), from €1.8m to €1.9m
- Taxes -€22,935
down €22,935 (-98.4%), from €23,316 to €381
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 | €926,787 | €699,459 | -€227,328 | -24.5% |
| Fixed assets | 21/28 | €75,030 | €124,887 | +€49,857 | +66.4% |
| Tangible fixed assets | 22/27 | €73,530 | €123,387 | +€49,857 | +67.8% |
| Plant, machinery and equipment | 23 | €48,613 | €46,792 | -€1,821 | -3.7% |
| Furniture and vehicles | 24 | €21,769 | €68,918 | +€47,149 | +216.6% |
| Other tangible fixed assets | 26 | €3,148 | €7,676 | +€4,528 | +143.8% |
| Financial fixed assets | 28 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €851,757 | €574,572 | -€277,185 | -32.5% |
| Stocks and contracts in progress | 3 | €118,415 | €129,191 | +€10,775 | +9.1% |
| Stocks | 30/36 | €118,415 | €129,191 | +€10,775 | +9.1% |
| Amounts receivable within one year | 40/41 | €729,470 | €440,828 | -€288,642 | -39.6% |
| Trade receivables | 40 | €386,557 | €427,865 | +€41,308 | +10.7% |
| Other amounts receivable | 41 | €342,913 | €12,963 | -€329,950 | -96.2% |
| Cash at bank and in hand | 54/58 | €1,083 | €826 | -€258 | -23.8% |
| Deferred charges and accrued income | 490/1 | €2,788 | €3,727 | +€939 | +33.7% |
| Total equity and liabilities | 10/49 | €926,787 | €699,459 | -€227,328 | -24.5% |
| Equity | 10/15 | €124,592 | €69,558 | -€55,034 | -44.2% |
| Contributions | 10/11 | €63,000 | €63,000 | = | 0.0% |
| Capital | 10 | €63,000 | €63,000 | = | 0.0% |
| Issued capital | 100 | €63,000 | €63,000 | = | 0.0% |
| Reserves | 13 | €6,300 | €6,300 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,300 | €6,300 | = | 0.0% |
| Legal reserve | 130 | €6,300 | €6,300 | = | 0.0% |
| Profit (loss) carried forward | 14 | €55,292 | €258 | -€55,034 | -99.5% |
| Amounts payable | 17/49 | €802,195 | €629,900 | -€172,294 | -21.5% |
| Amounts payable after more than one year | 17 | €0 | €23,377 | +€23,377 | |
| Financial debts | 170/4 | €0 | €23,377 | +€23,377 | |
| Amounts payable within one year | 42/48 | €802,195 | €606,524 | -€195,671 | -24.4% |
| Current portion of amounts payable after more than one year | 42 | €13,414 | €31,871 | +€18,456 | +137.6% |
| Trade debts | 44 | €448,901 | €240,488 | -€208,412 | -46.4% |
| Suppliers | 440/4 | €448,901 | €240,488 | -€208,412 | -46.4% |
| Taxes, remuneration and social security | 45 | €339,880 | €299,272 | -€40,609 | -11.9% |
| Taxes | 450/3 | €62,960 | €24,345 | -€38,615 | -61.3% |
| Remuneration and social security | 454/9 | €276,921 | €274,927 | -€1,994 | -0.7% |
| Other amounts payable | 47/48 | - | €34,894 | +€34,894 | |
| Remuneration, social security and pensions | 62 | €1,726,572 | €1,916,166 | +€189,595 | +11.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,394 | €50,087 | +€9,693 | +24.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €2,023 | +€2,023 | |
| Other operating charges | 640/8 | €2,930 | €8,684 | +€5,754 | +196.4% |
| Gross operating margin | 9900 | €1,812,625 | €1,927,915 | +€115,290 | +6.4% |
| Operating profit (loss) | 9901 | €42,729 | -€49,045 | -€91,774 | |
| Financial income | 75/76B | €3,111 | €98 | -€3,012 | -96.8% |
| Recurring financial income | 75 | €3,111 | €98 | -€3,012 | -96.8% |
| Financial charges | 65/66B | €4,276 | €5,706 | +€1,431 | +33.5% |
| Recurring financial charges | 65 | €4,276 | €5,706 | +€1,431 | +33.5% |
| Profit (loss) for the period before taxes | 9903 | €41,564 | -€54,653 | -€96,217 | |
| Income taxes | 67/77 | €23,316 | €381 | -€22,935 | -98.4% |
| Profit (loss) for the period | 9904 | €18,248 | -€55,034 | -€73,281 | |
| Profit (loss) for the period to be appropriated | 9905 | €18,248 | -€55,034 | -€73,281 |
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 30 September 2026 via checked.be.