MDM GROUP: 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 GROUP
Largest movements
- Financial fixed assets +€650,000
new in 2025: €650,000
- Debts after one year +€400,592
new in 2025: €400,592
- Other debts +€301,700
up €301,700 (+4754.9%), from €6,345 to €308,045
- Profit (loss) carried forward -€114,852
down €114,852 (-2357.4%), from -€4,872 to -€119,724
- Current portion of long-term debt +€63,625
new in 2025: €63,625
- Gross operating margin -€84,770
down €84,770 (-3658.5%), from -€2,317 to -€87,087
- Financial charges +€26,706
up €26,706 (+27912.1%), from €96 to €26,802
- Other operating charges +€963
new in 2025: €963
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 | €1,473 | €652,539 | +€651,066 | +44197.0% |
| Fixed assets | 21/28 | - | €650,000 | +€650,000 | |
| Financial fixed assets | 28 | - | €650,000 | +€650,000 | |
| Current assets | 29/58 | €1,473 | €2,539 | +€1,066 | +72.3% |
| Amounts receivable within one year | 40/41 | €587 | €587 | = | 0.0% |
| Trade receivables | 40 | €587 | €587 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €886 | €1,952 | +€1,066 | +120.3% |
| Total equity and liabilities | 10/49 | €1,473 | €652,539 | +€651,066 | +44197.0% |
| Equity | 10/15 | -€4,872 | -€119,724 | -€114,852 | -2357.4% |
| Profit (loss) carried forward | 14 | -€4,872 | -€119,724 | -€114,852 | -2357.4% |
| Amounts payable | 17/49 | €6,345 | €772,263 | +€765,918 | +12071.2% |
| Amounts payable after more than one year | 17 | - | €400,592 | +€400,592 | |
| Financial debts | 170/4 | - | €400,592 | +€400,592 | |
| Amounts payable within one year | 42/48 | €6,345 | €371,670 | +€365,325 | +5757.7% |
| Current portion of amounts payable after more than one year | 42 | - | €63,625 | +€63,625 | |
| Other amounts payable | 47/48 | €6,345 | €308,045 | +€301,700 | +4754.9% |
| Other operating charges | 640/8 | - | €963 | +€963 | |
| Gross operating margin | 9900 | -€2,317 | -€87,087 | -€84,770 | -3658.5% |
| Operating profit (loss) | 9901 | -€2,317 | -€88,050 | -€85,733 | -3700.1% |
| Financial charges | 65/66B | €96 | €26,802 | +€26,706 | +27912.1% |
| Recurring financial charges | 65 | €96 | €26,802 | +€26,706 | +27912.1% |
| Profit (loss) for the period before taxes | 9903 | -€2,413 | -€114,852 | -€112,439 | -4660.2% |
| Profit (loss) for the period | 9904 | -€2,413 | -€114,852 | -€112,439 | -4660.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,413 | -€114,852 | -€112,439 | -4660.2% |
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 7 October 2026 via checked.be.