MDL PROJECTS: 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 PROJECTS
Largest movements
- Receivables within one year +€85,391
up €85,391 (+1398.5%), from €6,106 to €91,497
of which Trade receivables: +€81,631
- Cash +€31,945
up €31,945 (+413.3%), from €7,730 to €39,676
mainly Trade debts (+€62,355) and Net result for the year (+€41,144)
- Tangible fixed assets -€2,860
down €2,860 (-55.2%), from €5,184 to €2,324
of which Furniture and vehicles: -€2,212
- Trade debts +€62,355
up €62,355 (+2124.7%), from €2,935 to €65,290
- Profit (loss) carried forward +€41,144
up €41,144 (+420.8%), from €9,778 to €50,921
- Tax, wage and social debts +€6,433
up €6,433 (+127.9%), from €5,028 to €11,462
- Other debts +€3,336
up €3,336 (+337.7%), from €988 to €4,324
- Gross operating margin +€61,450
up €61,450, from -€2,526 to €58,923
- Taxes +€11,260
up €11,260, from -€0 to €11,260
- Financial charges +€1,774
up €1,774 (+1007.4%), from €176 to €1,950
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €21,229 | €134,497 | +€113,268 | +533.6% |
| Fixed assets | 21/28 | €5,184 | €2,324 | -€2,860 | -55.2% |
| Tangible fixed assets | 22/27 | €5,184 | €2,324 | -€2,860 | -55.2% |
| Plant, machinery and equipment | 23 | €853 | €205 | -€648 | -76.0% |
| Furniture and vehicles | 24 | €4,331 | €2,119 | -€2,212 | -51.1% |
| Current assets | 29/58 | €16,045 | €132,173 | +€116,128 | +723.8% |
| Amounts receivable within one year | 40/41 | €6,106 | €91,497 | +€85,391 | +1398.5% |
| Trade receivables | 40 | €6,106 | €87,738 | +€81,631 | +1336.9% |
| Other amounts receivable | 41 | - | €3,760 | +€3,760 | |
| Cash at bank and in hand | 54/58 | €7,730 | €39,676 | +€31,945 | +413.3% |
| Deferred charges and accrued income | 490/1 | €2,209 | €1,000 | -€1,209 | -54.7% |
| Total equity and liabilities | 10/49 | €21,229 | €134,497 | +€113,268 | +533.6% |
| Equity | 10/15 | €12,278 | €53,421 | +€41,144 | +335.1% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,778 | €50,921 | +€41,144 | +420.8% |
| Amounts payable | 17/49 | €8,951 | €81,075 | +€72,124 | +805.8% |
| Amounts payable within one year | 42/48 | €8,951 | €81,075 | +€72,124 | +805.8% |
| Trade debts | 44 | €2,935 | €65,290 | +€62,355 | +2124.7% |
| Suppliers | 440/4 | €2,935 | €65,290 | +€62,355 | +2124.7% |
| Taxes, remuneration and social security | 45 | €5,028 | €11,462 | +€6,433 | +127.9% |
| Taxes | 450/3 | €5,028 | €11,462 | +€6,433 | +127.9% |
| Other amounts payable | 47/48 | €988 | €4,324 | +€3,336 | +337.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,860 | €2,860 | = | 0.0% |
| Other operating charges | 640/8 | €1,593 | €1,927 | +€333 | +20.9% |
| Gross operating margin | 9900 | -€2,526 | €58,923 | +€61,450 | |
| Operating profit (loss) | 9901 | -€6,980 | €54,137 | +€61,116 | |
| Financial income | 75/76B | €13 | €217 | +€204 | +1562.0% |
| Recurring financial income | 75 | €13 | €217 | +€204 | +1562.0% |
| Financial charges | 65/66B | €176 | €1,950 | +€1,774 | +1007.4% |
| Recurring financial charges | 65 | €176 | €1,950 | +€1,774 | +1007.4% |
| Profit (loss) for the period before taxes | 9903 | -€7,143 | €52,403 | +€59,546 | |
| Income taxes | 67/77 | -€0 | €11,260 | +€11,260 | |
| Profit (loss) for the period | 9904 | -€7,143 | €41,144 | +€48,286 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,143 | €41,144 | +€48,286 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.