MDL Project 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 Project Management
Largest movements
- Cash +€36,306
new in 2025: €36,306
mainly Tax, wage and social debts (+€23,778) and Net result for the year (+€20,935)
- Tangible fixed assets +€17,330
new in 2025: €17,330
- Receivables within one year +€16,965
up €16,965 (+4458.2%), from €381 to €17,345
of which Trade receivables: +€17,345
- Tax, wage and social debts +€23,778
new in 2025: €23,778
- Reserves +€18,696
new in 2025: €18,696
- Debts after one year +€11,060
new in 2025: €11,060
- Contributions +€5,000
new in 2025: €5,000
- Other debts +€4,896
up €4,896 (+326.2%), from €1,501 to €6,397
- Gross operating margin +€34,526
up €34,526, from -€2,239 to €32,287
- Taxes +€8,031
new in 2025: €8,031
- Depreciation +€2,666
new in 2025: €2,666
- Financial charges +€655
new in 2025: €655
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 | €381 | €70,981 | +€70,601 | +18553.3% |
| Fixed assets | 21/28 | - | €17,330 | +€17,330 | |
| Tangible fixed assets | 22/27 | - | €17,330 | +€17,330 | |
| Furniture and vehicles | 24 | - | €17,330 | +€17,330 | |
| Current assets | 29/58 | €381 | €53,652 | +€53,271 | +13999.2% |
| Amounts receivable within one year | 40/41 | €381 | €17,345 | +€16,965 | +4458.2% |
| Trade receivables | 40 | - | €17,345 | +€17,345 | |
| Other amounts receivable | 41 | €381 | - | -€381 | |
| Cash at bank and in hand | 54/58 | - | €36,306 | +€36,306 | |
| Total equity and liabilities | 10/49 | €381 | €70,981 | +€70,601 | +18553.3% |
| Equity | 10/15 | -€2,239 | €23,696 | +€25,935 | |
| Contributions | 10/11 | - | €5,000 | +€5,000 | |
| Reserves | 13 | - | €18,696 | +€18,696 | |
| Distributable reserves | 133 | - | €18,696 | +€18,696 | |
| Profit (loss) carried forward | 14 | -€2,239 | - | +€2,239 | |
| Amounts payable | 17/49 | €2,620 | €47,286 | +€44,666 | +1704.8% |
| Amounts payable after more than one year | 17 | - | €11,060 | +€11,060 | |
| Financial debts | 170/4 | - | €11,060 | +€11,060 | |
| Amounts payable within one year | 42/48 | €2,620 | €36,160 | +€33,540 | +1280.2% |
| Current portion of amounts payable after more than one year | 42 | - | €3,357 | +€3,357 | |
| Trade debts | 44 | €1,119 | €2,629 | +€1,510 | +134.9% |
| Suppliers | 440/4 | €1,119 | €2,629 | +€1,510 | +134.9% |
| Taxes, remuneration and social security | 45 | - | €23,778 | +€23,778 | |
| Taxes | 450/3 | - | €23,778 | +€23,778 | |
| Other amounts payable | 47/48 | €1,501 | €6,397 | +€4,896 | +326.2% |
| Accrued charges and deferred income | 492/3 | - | €66 | +€66 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €2,666 | +€2,666 | |
| Gross operating margin | 9900 | -€2,239 | €32,287 | +€34,526 | |
| Operating profit (loss) | 9901 | -€2,239 | €29,620 | +€31,860 | |
| Financial charges | 65/66B | - | €655 | +€655 | |
| Recurring financial charges | 65 | - | €655 | +€655 | |
| Profit (loss) for the period before taxes | 9903 | -€2,239 | €28,966 | +€31,205 | |
| Income taxes | 67/77 | - | €8,031 | +€8,031 | |
| Profit (loss) for the period | 9904 | -€2,239 | €20,935 | +€23,174 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,239 | €20,935 | +€23,174 |
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 9 October 2026 via checked.be.