MDM CARRELAGE: what changed
MDM CARRELAGE
Largest movements
- Tangible fixed assets -€5,891
down €5,891 (-51.6%), from €11,419 to €5,528
of which Plant, machinery and equipment: -€6,807
- Cash +€5,810
up €5,810 (+17.8%), from €32,695 to €38,505
mainly Depreciation (+€7,481) and Trade debts (+€6,635)
- Deferred charges and accrued income -€1,299
down €1,299 (-98.1%), from €1,324 to €25
- Trade debts +€6,635
up €6,635 (+76.3%), from €8,693 to €15,328
- Current portion of long-term debt -€5,235
no longer reported in 2025 (was €5,235)
- Profit (loss) carried forward -€3,972
down €3,972 (-411%), from -€967 to -€4,939
- Tax, wage and social debts +€1,700
up €1,700 (+3,400%), from €50 to €1,750
- Write-downs +€14,154
up €14,154 (+803%), from €1,762 to €15,916
- Gross operating margin +€13,833
up €13,833 (+130%), from €10,617 to €24,450
- Other operating charges -€1,584
down €1,584 (-29.7%), from €5,337 to €3,753
- Financial charges +€640
up €640 (+139%), from €462 to €1,102
- Depreciation -€388
down €388 (-4.9%), from €7,869 to €7,481
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €98,071 | €97,199 | -€872 | -0.9% |
| Fixed assets | 21/28 | €11,632 | €5,741 | -€5,891 | -50.6% |
| Tangible fixed assets | 22/27 | €11,419 | €5,528 | -€5,891 | -51.6% |
| Plant, machinery and equipment | 23 | €10,216 | €3,409 | -€6,807 | -66.6% |
| Furniture and vehicles | 24 | €1,203 | €2,119 | +€916 | +76.1% |
| Financial fixed assets | 28 | €213 | €213 | = | 0.0% |
| Current assets | 29/58 | €86,439 | €91,458 | +€5,019 | +5.8% |
| Amounts receivable within one year | 40/41 | €52,420 | €52,928 | +€508 | +1.0% |
| Trade receivables | 40 | €50,272 | €48,492 | -€1,780 | -3.5% |
| Other amounts receivable | 41 | €2,148 | €4,436 | +€2,288 | +107% |
| Cash at bank and in hand | 54/58 | €32,695 | €38,505 | +€5,810 | +17.8% |
| Deferred charges and accrued income | 490/1 | €1,324 | €25 | -€1,299 | -98.1% |
| Total equity and liabilities | 10/49 | €98,071 | €97,199 | -€872 | -0.9% |
| Equity | 10/15 | €84,093 | €80,121 | -€3,972 | -4.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €78,860 | €78,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €77,000 | €77,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€967 | -€4,939 | -€3,972 | -411% |
| Amounts payable | 17/49 | €13,978 | €17,078 | +€3,100 | +22.2% |
| Amounts payable within one year | 42/48 | €13,978 | €17,078 | +€3,100 | +22.2% |
| Current portion of amounts payable after more than one year | 42 | €5,235 | - | -€5,235 | |
| Trade debts | 44 | €8,693 | €15,328 | +€6,635 | +76.3% |
| Suppliers | 440/4 | €8,693 | €15,328 | +€6,635 | +76.3% |
| Taxes, remuneration and social security | 45 | €50 | €1,750 | +€1,700 | +3,400% |
| Taxes | 450/3 | €50 | €1,750 | +€1,700 | +3,400% |
| Remuneration, social security and pensions | 62 | €163 | €170 | +€7 | +4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,869 | €7,481 | -€388 | -4.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,762 | €15,916 | +€14,154 | +803% |
| Other operating charges | 640/8 | €5,337 | €3,753 | -€1,584 | -29.7% |
| Gross operating margin | 9900 | €10,617 | €24,450 | +€13,833 | +130% |
| Operating profit (loss) | 9901 | -€4,514 | -€2,870 | +€1,644 | +36.4% |
| Financial charges | 65/66B | €462 | €1,102 | +€640 | +139% |
| Recurring financial charges | 65 | €462 | €1,102 | +€640 | +139% |
| Profit (loss) for the period before taxes | 9903 | -€4,976 | -€3,972 | +€1,004 | +20.2% |
| Profit (loss) for the period | 9904 | -€4,976 | -€3,972 | +€1,004 | +20.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,976 | -€3,972 | +€1,004 | +20.2% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.