MDL 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 MANAGEMENT
Largest movements
- Cash +€71,046
up €71,046 (+67.7%), from €104,876 to €175,923
mainly Net result for the year (+€140,913) and Depreciation (+€3,863)
- Profit (loss) carried forward +€140,913
up €140,913 (+67.7%), from €208,058 to €348,971
- Other debts -€74,301
down €74,301 (-93.3%), from €79,655 to €5,354
- Financial income +€50,001
up €50,001 (+125%), from €40,000 to €90,001
- Gross operating margin +€5,547
up €5,547 (+8.0%), from €69,234 to €74,782
- Taxes +€1,253
up €1,253 (+7.2%), from €17,369 to €18,622
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 | €301,424 | €367,688 | +€66,264 | +22.0% |
| Fixed assets | 21/28 | €193,253 | €190,279 | -€2,974 | -1.5% |
| Tangible fixed assets | 22/27 | €21,386 | €18,412 | -€2,974 | -13.9% |
| Furniture and vehicles | 24 | €6,500 | €5,248 | -€1,252 | -19.3% |
| Other tangible fixed assets | 26 | €14,886 | €13,164 | -€1,722 | -11.6% |
| Financial fixed assets | 28 | €171,867 | €171,867 | = | 0.0% |
| Current assets | 29/58 | €108,171 | €177,409 | +€69,238 | +64.0% |
| Amounts receivable within one year | 40/41 | €2,440 | €631 | -€1,809 | -74.1% |
| Trade receivables | 40 | €1,809 | €0 | -€1,809 | -100% |
| Other amounts receivable | 41 | €631 | €631 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €104,876 | €175,923 | +€71,046 | +67.7% |
| Deferred charges and accrued income | 490/1 | €855 | €855 | = | 0.0% |
| Total equity and liabilities | 10/49 | €301,424 | €367,688 | +€66,264 | +22.0% |
| Equity | 10/15 | €211,058 | €351,971 | +€140,913 | +66.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €208,058 | €348,971 | +€140,913 | +67.7% |
| Amounts payable | 17/49 | €90,366 | €15,717 | -€74,649 | -82.6% |
| Amounts payable within one year | 42/48 | €90,366 | €15,717 | -€74,649 | -82.6% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €3,187 | €1,183 | -€2,004 | -62.9% |
| Suppliers | 440/4 | €3,187 | €1,183 | -€2,004 | -62.9% |
| Taxes, remuneration and social security | 45 | €7,525 | €9,180 | +€1,655 | +22.0% |
| Taxes | 450/3 | €7,525 | €9,180 | +€1,655 | +22.0% |
| Other amounts payable | 47/48 | €79,655 | €5,354 | -€74,301 | -93.3% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,204 | €3,863 | +€658 | +20.5% |
| Other operating charges | 640/8 | €451 | €465 | +€14 | +3.2% |
| Gross operating margin | 9900 | €69,234 | €74,782 | +€5,547 | +8.0% |
| Operating profit (loss) | 9901 | €65,579 | €70,454 | +€4,875 | +7.4% |
| Financial income | 75/76B | €40,000 | €90,001 | +€50,001 | +125% |
| Recurring financial income | 75 | €40,000 | €90,001 | +€50,001 | +125% |
| Financial charges | 65/66B | €1,277 | €920 | -€357 | -28.0% |
| Recurring financial charges | 65 | €1,277 | €920 | -€357 | -28.0% |
| Profit (loss) for the period before taxes | 9903 | €104,303 | €159,535 | +€55,233 | +53.0% |
| Income taxes | 67/77 | €17,369 | €18,622 | +€1,253 | +7.2% |
| Profit (loss) for the period | 9904 | €86,934 | €140,913 | +€53,980 | +62.1% |
| Profit (loss) for the period to be appropriated | 9905 | €86,934 | €140,913 | +€53,980 | +62.1% |
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 15 October 2026 via checked.be.