MDL Gestion & Management: 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 Gestion & Management
Largest movements
- Cash +€9,151
up €9,151 (+27.5%), from €33,229 to €42,381
mainly Current portion of long-term debt (+€18,007) and Depreciation (+€9,889)
- Receivables within one year -€7,659
down €7,659 (-44.7%), from €17,148 to €9,489
- Profit (loss) carried forward -€24,670
down €24,670 (-815%), from -€3,029 to -€27,699
- Current portion of long-term debt +€18,007
up €18,007 (+440%), from €4,089 to €22,096
- Tax, wage and social debts +€9,765
up €9,765 (+22.3%), from €43,881 to €53,646
of which Taxes: +€6,199
- Debts after one year -€7,796
down €7,796 (-4.4%), from €175,911 to €168,115
of which Financial debts: -€10,096
- Other debts +€2,754
up €2,754 (+7.1%), from €38,643 to €41,397
- Staff costs +€36,876
up €36,876 (+21.9%), from €168,711 to €205,587
- Depreciation -€24,211
down €24,211 (-71.0%), from €34,100 to €9,889
- Gross operating margin +€8,377
up €8,377 (+4.2%), from €197,870 to €206,246
- Financial charges +€5,105
up €5,105 (+66.4%), from €7,684 to €12,789
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 | €268,574 | €266,332 | -€2,243 | -0.8% |
| Fixed assets | 21/28 | €211,689 | €209,300 | -€2,389 | -1.1% |
| Tangible fixed assets | 22/27 | €211,689 | €209,300 | -€2,389 | -1.1% |
| Land and buildings | 22 | €193,388 | €186,758 | -€6,630 | -3.4% |
| Plant, machinery and equipment | 23 | €17,141 | €22,135 | +€4,993 | +29.1% |
| Furniture and vehicles | 24 | €1,160 | €408 | -€752 | -64.8% |
| Current assets | 29/58 | €56,885 | €57,031 | +€146 | +0.3% |
| Amounts receivable within one year | 40/41 | €17,148 | €9,489 | -€7,659 | -44.7% |
| Other amounts receivable | 41 | €17,148 | €9,489 | -€7,659 | -44.7% |
| Cash at bank and in hand | 54/58 | €33,229 | €42,381 | +€9,151 | +27.5% |
| Deferred charges and accrued income | 490/1 | €6,508 | €5,162 | -€1,346 | -20.7% |
| Total equity and liabilities | 10/49 | €268,574 | €266,332 | -€2,243 | -0.8% |
| Equity | 10/15 | €1,971 | -€22,699 | -€24,670 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,029 | -€27,699 | -€24,670 | -815% |
| Amounts payable | 17/49 | €266,603 | €289,031 | +€22,428 | +8.4% |
| Amounts payable after more than one year | 17 | €175,911 | €168,115 | -€7,796 | -4.4% |
| Financial debts | 170/4 | €175,911 | €165,815 | -€10,096 | -5.7% |
| Advances received on contracts in progress | 176 | - | €2,300 | +€2,300 | |
| Amounts payable within one year | 42/48 | €90,692 | €120,916 | +€30,224 | +33.3% |
| Current portion of amounts payable after more than one year | 42 | €4,089 | €22,096 | +€18,007 | +440% |
| Trade debts | 44 | €4,079 | €3,777 | -€302 | -7.4% |
| Suppliers | 440/4 | €4,079 | €3,777 | -€302 | -7.4% |
| Taxes, remuneration and social security | 45 | €43,881 | €53,646 | +€9,765 | +22.3% |
| Taxes | 450/3 | €16,209 | €22,408 | +€6,199 | +38.2% |
| Remuneration and social security | 454/9 | €27,672 | €31,238 | +€3,566 | +12.9% |
| Other amounts payable | 47/48 | €38,643 | €41,397 | +€2,754 | +7.1% |
| Remuneration, social security and pensions | 62 | €168,711 | €205,587 | +€36,876 | +21.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,100 | €9,889 | -€24,211 | -71.0% |
| Other operating charges | 640/8 | €798 | €2,085 | +€1,287 | +161% |
| Gross operating margin | 9900 | €197,870 | €206,246 | +€8,377 | +4.2% |
| Operating profit (loss) | 9901 | -€5,739 | -€11,315 | -€5,575 | -97.1% |
| Financial charges | 65/66B | €7,684 | €12,789 | +€5,105 | +66.4% |
| Recurring financial charges | 65 | €7,684 | €12,789 | +€5,105 | +66.4% |
| Profit (loss) for the period before taxes | 9903 | -€13,423 | -€24,103 | -€10,680 | -79.6% |
| Income taxes | 67/77 | €511 | €567 | +€56 | +10.9% |
| Profit (loss) for the period | 9904 | -€13,934 | -€24,670 | -€10,736 | -77.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,934 | -€24,670 | -€10,736 | -77.0% |
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 19 October 2026 via checked.be.