MDL Halet: 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 Halet
Largest movements
- Receivables within one year +€37,626
up €37,626 (+26.5%), from €142,100 to €179,726
- Cash +€35,930
up €35,930 (+23.8%), from €150,908 to €186,837
mainly Net result for the year (+€74,848)
- Reserves +€74,848
up €74,848 (+16.2%), from €462,324 to €537,172
- Gross operating margin +€35,426
up €35,426 (+48.1%), from €73,659 to €109,085
- Taxes +€4,361
up €4,361 (+39.6%), from €11,019 to €15,380
- Financial income -€1,380
down €1,380 (-9.9%), from €13,919 to €12,539
- Financial charges -€1,255
down €1,255 (-25.7%), from €4,882 to €3,627
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 | €531,025 | €604,898 | +€73,874 | +13.9% |
| Fixed assets | 21/28 | €17,802 | €18,121 | +€319 | +1.8% |
| Financial fixed assets | 28 | €17,802 | €18,121 | +€319 | +1.8% |
| Current assets | 29/58 | €513,222 | €586,777 | +€73,555 | +14.3% |
| Amounts receivable after more than one year | 29 | €220,215 | €220,215 | = | 0.0% |
| Other amounts receivable | 291 | €220,215 | €220,215 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €142,100 | €179,726 | +€37,626 | +26.5% |
| Other amounts receivable | 41 | €142,100 | €179,726 | +€37,626 | +26.5% |
| Cash at bank and in hand | 54/58 | €150,908 | €186,837 | +€35,930 | +23.8% |
| Total equity and liabilities | 10/49 | €531,025 | €604,898 | +€73,874 | +13.9% |
| Equity | 10/15 | €480,324 | €555,172 | +€74,848 | +15.6% |
| Contributions | 10/11 | €18,000 | €18,000 | = | 0.0% |
| Reserves | 13 | €462,324 | €537,172 | +€74,848 | +16.2% |
| Distributable reserves | 133 | €462,324 | €537,172 | +€74,848 | +16.2% |
| Amounts payable | 17/49 | €50,701 | €49,726 | -€974 | -1.9% |
| Amounts payable within one year | 42/48 | €46,002 | €45,028 | -€974 | -2.1% |
| Taxes, remuneration and social security | 45 | €46,002 | €45,028 | -€974 | -2.1% |
| Taxes | 450/3 | €22,873 | €16,330 | -€6,543 | -28.6% |
| Remuneration and social security | 454/9 | €23,129 | €28,698 | +€5,569 | +24.1% |
| Accrued charges and deferred income | 492/3 | €4,699 | €4,699 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €27,530 | €27,530 | = | 0.0% |
| Other operating charges | 640/8 | €623 | €240 | -€383 | -61.5% |
| Gross operating margin | 9900 | €73,659 | €109,085 | +€35,426 | +48.1% |
| Operating profit (loss) | 9901 | €45,506 | €81,316 | +€35,810 | +78.7% |
| Financial income | 75/76B | €13,919 | €12,539 | -€1,380 | -9.9% |
| Recurring financial income | 75 | €13,919 | €12,539 | -€1,380 | -9.9% |
| Financial charges | 65/66B | €4,882 | €3,627 | -€1,255 | -25.7% |
| Recurring financial charges | 65 | €4,882 | €3,627 | -€1,255 | -25.7% |
| Profit (loss) for the period before taxes | 9903 | €54,543 | €90,228 | +€35,685 | +65.4% |
| Income taxes | 67/77 | €11,019 | €15,380 | +€4,361 | +39.6% |
| Profit (loss) for the period | 9904 | €43,524 | €74,848 | +€31,324 | +72.0% |
| Profit (loss) for the period to be appropriated | 9905 | €43,524 | €74,848 | +€31,324 | +72.0% |
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 2 October 2026 via checked.be.