MDM DECO: 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 DECO
Largest movements
- Cash +€37,527
up €37,527 (+30.7%), from €122,132 to €159,659
mainly Net result for the year (+€43,954) and Stocks and contracts (+€3,758)
- Deferred charges and accrued income +€5,324
up €5,324 (+335.9%), from €1,585 to €6,909
- Stocks and contracts -€3,758
down €3,758 (-4.2%), from €89,752 to €85,995
- Receivables within one year +€3,422
up €3,422 (+67.9%), from €5,039 to €8,461
of which Trade receivables: +€3,053
- Reserves +€43,121
up €43,121 (+32.5%), from €132,884 to €176,006
- Trade debts -€3,741
down €3,741 (-69.1%), from €5,415 to €1,674
- Gross operating margin +€17,995
up €17,995 (+20.5%), from €87,770 to €105,765
- Taxes +€6,016
up €6,016 (+34.7%), from €17,312 to €23,328
- Staff costs +€1,977
up €1,977 (+7.3%), from €27,252 to €29,230
- Financial charges -€1,628
down €1,628 (-23.7%), from €6,857 to €5,229
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 | €221,642 | €263,403 | +€41,761 | +18.8% |
| Fixed assets | 21/28 | €3,134 | €2,379 | -€754 | -24.1% |
| Tangible fixed assets | 22/27 | €3,134 | €2,379 | -€754 | -24.1% |
| Furniture and vehicles | 24 | €3,134 | €2,379 | -€754 | -24.1% |
| Current assets | 29/58 | €218,509 | €261,024 | +€42,515 | +19.5% |
| Stocks and contracts in progress | 3 | €89,752 | €85,995 | -€3,758 | -4.2% |
| Stocks | 30/36 | €89,752 | €85,995 | -€3,758 | -4.2% |
| Amounts receivable within one year | 40/41 | €5,039 | €8,461 | +€3,422 | +67.9% |
| Trade receivables | 40 | €3,736 | €6,789 | +€3,053 | +81.7% |
| Other amounts receivable | 41 | €1,303 | €1,672 | +€370 | +28.4% |
| Cash at bank and in hand | 54/58 | €122,132 | €159,659 | +€37,527 | +30.7% |
| Deferred charges and accrued income | 490/1 | €1,585 | €6,909 | +€5,324 | +335.9% |
| Total equity and liabilities | 10/49 | €221,642 | €263,403 | +€41,761 | +18.8% |
| Equity | 10/15 | €138,884 | €182,006 | +€43,121 | +31.0% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €132,884 | €176,006 | +€43,121 | +32.5% |
| Distributable reserves | 133 | €132,884 | €176,006 | +€43,121 | +32.5% |
| Amounts payable | 17/49 | €82,758 | €81,398 | -€1,360 | -1.6% |
| Amounts payable within one year | 42/48 | €82,758 | €81,398 | -€1,360 | -1.6% |
| Trade debts | 44 | €5,415 | €1,674 | -€3,741 | -69.1% |
| Suppliers | 440/4 | €5,415 | €1,674 | -€3,741 | -69.1% |
| Taxes, remuneration and social security | 45 | €18,555 | €20,605 | +€2,050 | +11.0% |
| Taxes | 450/3 | €16,370 | €17,567 | +€1,197 | +7.3% |
| Remuneration and social security | 454/9 | €2,185 | €3,038 | +€852 | +39.0% |
| Other amounts payable | 47/48 | €58,788 | €59,119 | +€331 | +0.6% |
| Remuneration, social security and pensions | 62 | €27,252 | €29,230 | +€1,977 | +7.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,327 | €1,613 | +€286 | +21.6% |
| Other operating charges | 640/8 | €3,018 | €3,127 | +€110 | +3.6% |
| Gross operating margin | 9900 | €87,770 | €105,765 | +€17,995 | +20.5% |
| Operating profit (loss) | 9901 | €56,174 | €71,795 | +€15,622 | +27.8% |
| Financial income | 75/76B | €719 | €716 | -€3 | -0.4% |
| Recurring financial income | 75 | €719 | €716 | -€3 | -0.4% |
| Financial charges | 65/66B | €6,857 | €5,229 | -€1,628 | -23.7% |
| Recurring financial charges | 65 | €6,857 | €5,229 | -€1,628 | -23.7% |
| Profit (loss) for the period before taxes | 9903 | €50,035 | €67,282 | +€17,247 | +34.5% |
| Income taxes | 67/77 | €17,312 | €23,328 | +€6,016 | +34.7% |
| Profit (loss) for the period | 9904 | €32,723 | €43,954 | +€11,231 | +34.3% |
| Profit (loss) for the period to be appropriated | 9905 | €32,723 | €43,954 | +€11,231 | +34.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.