MDL WORKS: 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 WORKS
Largest movements
- Receivables within one year +€7,341
up €7,341 (+23.7%), from €30,927 to €38,268
of which Other amounts receivable: +€6,846
- Tangible fixed assets -€3,864
down €3,864 (-38.8%), from €9,954 to €6,090
of which Plant, machinery and equipment: -€2,025
- Cash -€3,314
down €3,314 (-20.3%), from €16,347 to €13,033
mainly Tax, wage and social debts (-€9,981) and Receivables within one year (-€7,341)
- Reserves +€12,930
up €12,930 (+34.4%), from €37,535 to €50,465
- Tax, wage and social debts -€9,981
down €9,981 (-69.2%), from €14,428 to €4,446
of which Taxes: -€8,181
- Other debts -€3,000
down €3,000 (-84.3%), from €3,560 to €560
- Gross operating margin -€3,103
down €3,103 (-10.7%), from €29,021 to €25,918
- Financial charges +€353
up €353 (+13.6%), from €2,588 to €2,941
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 | €58,751 | €59,242 | +€491 | +0.8% |
| Fixed assets | 21/28 | €9,954 | €6,090 | -€3,864 | -38.8% |
| Tangible fixed assets | 22/27 | €9,954 | €6,090 | -€3,864 | -38.8% |
| Plant, machinery and equipment | 23 | €3,285 | €1,260 | -€2,025 | -61.6% |
| Furniture and vehicles | 24 | €6,669 | €4,829 | -€1,839 | -27.6% |
| Current assets | 29/58 | €48,797 | €53,153 | +€4,355 | +8.9% |
| Amounts receivable within one year | 40/41 | €30,927 | €38,268 | +€7,341 | +23.7% |
| Trade receivables | 40 | €14,060 | €14,556 | +€496 | +3.5% |
| Other amounts receivable | 41 | €16,867 | €23,712 | +€6,846 | +40.6% |
| Cash at bank and in hand | 54/58 | €16,347 | €13,033 | -€3,314 | -20.3% |
| Deferred charges and accrued income | 490/1 | €1,523 | €1,851 | +€328 | +21.5% |
| Total equity and liabilities | 10/49 | €58,751 | €59,242 | +€491 | +0.8% |
| Equity | 10/15 | €38,535 | €51,465 | +€12,930 | +33.6% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Contributions outside capital | 11 | €1,000 | €1,000 | = | 0.0% |
| Other | 1109/19 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €37,535 | €50,465 | +€12,930 | +34.4% |
| Distributable reserves | 133 | €37,535 | €50,465 | +€12,930 | +34.4% |
| Amounts payable | 17/49 | €20,216 | €7,777 | -€12,439 | -61.5% |
| Amounts payable within one year | 42/48 | €20,216 | €7,777 | -€12,439 | -61.5% |
| Trade debts | 44 | €2,229 | €2,771 | +€543 | +24.3% |
| Suppliers | 440/4 | €2,229 | €2,771 | +€543 | +24.3% |
| Taxes, remuneration and social security | 45 | €14,428 | €4,446 | -€9,981 | -69.2% |
| Taxes | 450/3 | €8,628 | €446 | -€8,181 | -94.8% |
| Remuneration and social security | 454/9 | €5,800 | €4,000 | -€1,800 | -31.0% |
| Other amounts payable | 47/48 | €3,560 | €560 | -€3,000 | -84.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,741 | €3,864 | +€123 | +3.3% |
| Other operating charges | 640/8 | €686 | €705 | +€20 | +2.9% |
| Gross operating margin | 9900 | €29,021 | €25,918 | -€3,103 | -10.7% |
| Operating profit (loss) | 9901 | €24,595 | €21,349 | -€3,246 | -13.2% |
| Financial income | 75/76B | €839 | €1,125 | +€285 | +34.0% |
| Recurring financial income | 75 | €839 | €1,125 | +€285 | +34.0% |
| Financial charges | 65/66B | €2,588 | €2,941 | +€353 | +13.6% |
| Recurring financial charges | 65 | €2,588 | €2,941 | +€353 | +13.6% |
| Profit (loss) for the period before taxes | 9903 | €22,846 | €19,533 | -€3,314 | -14.5% |
| Income taxes | 67/77 | €6,078 | €5,803 | -€275 | -4.5% |
| Profit (loss) for the period | 9904 | €16,769 | €13,730 | -€3,039 | -18.1% |
| Profit (loss) for the period to be appropriated | 9905 | €16,769 | €13,730 | -€3,039 | -18.1% |
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 19 October 2026 via checked.be.