MDM: 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.
MDM
Largest movements
- Cash +€15,941
up €15,941 (+254.0%), from €6,276 to €22,217
mainly Net result for the year (+€18,928) and Other debts (+€2,504)
- Receivables within one year +€3,983
up €3,983 (+181.1%), from €2,200 to €6,182
of which Trade receivables: +€2,718
- Tangible fixed assets +€3,164
up €3,164 (+410.8%), from €770 to €3,935
- Deferred charges and accrued income +€867
up €867 (+182.4%), from €475 to €1,343
- Profit (loss) carried forward +€19,015
up €19,015, from -€11,282 to €7,733
- Other debts +€2,504
up €2,504 (+32.6%), from €7,678 to €10,181
- Trade debts +€2,349
up €2,349 (+1001.6%), from €235 to €2,584
- Gross operating margin +€29,044
up €29,044, from -€2,517 to €26,527
- Taxes +€1,592
up €1,592 (+729.6%), from €218 to €1,810
- Other operating charges +€1,384
up €1,384 (+45.9%), from €3,019 to €4,403
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 | €9,721 | €33,676 | +€23,955 | +246.4% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €770 | €3,935 | +€3,164 | +410.8% |
| Tangible fixed assets | 22/27 | €770 | €3,935 | +€3,164 | +410.8% |
| Furniture and vehicles | 24 | €770 | €3,935 | +€3,164 | +410.8% |
| Current assets | 29/58 | €8,951 | €29,742 | +€20,791 | +232.3% |
| Amounts receivable within one year | 40/41 | €2,200 | €6,182 | +€3,983 | +181.1% |
| Trade receivables | 40 | €1,514 | €4,233 | +€2,718 | +179.5% |
| Other amounts receivable | 41 | €685 | €1,950 | +€1,264 | +184.5% |
| Cash at bank and in hand | 54/58 | €6,276 | €22,217 | +€15,941 | +254.0% |
| Deferred charges and accrued income | 490/1 | €475 | €1,343 | +€867 | +182.4% |
| Total equity and liabilities | 10/49 | €9,721 | €33,676 | +€23,955 | +246.4% |
| Equity | 10/15 | €1,218 | €20,233 | +€19,015 | +1560.9% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,282 | €7,733 | +€19,015 | |
| Amounts payable | 17/49 | €8,503 | €13,443 | +€4,940 | +58.1% |
| Amounts payable within one year | 42/48 | €8,008 | €12,948 | +€4,940 | +61.7% |
| Financial debts | 43 | - | €72 | +€72 | |
| Credit institutions | 430/8 | - | €72 | +€72 | |
| Trade debts | 44 | €235 | €2,584 | +€2,349 | +1001.6% |
| Suppliers | 440/4 | €235 | €2,584 | +€2,349 | +1001.6% |
| Taxes, remuneration and social security | 45 | €96 | €111 | +€15 | +15.7% |
| Taxes | 450/3 | €96 | €111 | +€15 | +15.7% |
| Other amounts payable | 47/48 | €7,678 | €10,181 | +€2,504 | +32.6% |
| Accrued charges and deferred income | 492/3 | €495 | €495 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €894 | €836 | -€58 | -6.5% |
| Other operating charges | 640/8 | €3,019 | €4,403 | +€1,384 | +45.9% |
| Gross operating margin | 9900 | -€2,517 | €26,527 | +€29,044 | |
| Operating profit (loss) | 9901 | -€6,429 | €21,289 | +€27,718 | |
| Financial income | 75/76B | €10 | €18 | +€8 | +84.5% |
| Recurring financial income | 75 | €10 | €18 | +€8 | +84.5% |
| Financial charges | 65/66B | €625 | €569 | -€56 | -9.0% |
| Recurring financial charges | 65 | €625 | €569 | -€56 | -9.0% |
| Profit (loss) for the period before taxes | 9903 | -€7,044 | €20,738 | +€27,782 | |
| Income taxes | 67/77 | €218 | €1,810 | +€1,592 | +729.6% |
| Profit (loss) for the period | 9904 | -€7,263 | €18,928 | +€26,191 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,263 | €18,928 | +€26,191 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.