MDM HORECA: 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.
MDM HORECA
Largest movements
- Tangible fixed assets +€26,371
up €26,371 (+160%), from €16,484 to €42,855
of which Plant, machinery and equipment: +€15,083
- Cash +€12,026
up €12,026 (+144%), from €8,325 to €20,351
mainly Net result for the year (+€44,012) and Provisions (+€11,000)
- Stocks and contracts +€4,948
up €4,948 (+27.9%), from €17,763 to €22,711
- Receivables within one year +€3,400
up €3,400 (+425%), from €800 to €4,200
of which Trade receivables: +€4,200
- Deferred charges and accrued income +€1,927
up €1,927 (+109%), from €1,771 to €3,698
- Profit (loss) carried forward +€44,012
new in 2024: €44,012
- Provisions +€11,000
new in 2024: €11,000
- Trade debts -€2,327
down €2,327 (-28.0%), from €8,304 to €5,977
- Accrued charges and deferred income -€2,186
no longer reported in 2024 (was €2,186)
- Tax, wage and social debts -€1,321
down €1,321 (-14.0%), from €9,431 to €8,110
- Gross operating margin +€35,102
up €35,102 (+22.1%), from €159,034 to €194,136
- Staff costs -€16,817
down €16,817 (-11.8%), from €142,238 to €125,421
- Taxes +€10,352
up €10,352 (+1,593%), from €650 to €11,002
- Other operating charges +€2,549
up €2,549 (+48.8%), from €5,223 to €7,772
- Financial charges -€2,455
no longer reported in 2024 (was €2,455)
of which Financial charges: -€2,455
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €45,143 | €93,815 | +€48,672 | +108% |
| Fixed assets | 21/28 | €16,484 | €42,855 | +€26,371 | +160% |
| Tangible fixed assets | 22/27 | €16,484 | €42,855 | +€26,371 | +160% |
| Plant, machinery and equipment | 23 | €3,584 | €18,667 | +€15,083 | +421% |
| Furniture and vehicles | 24 | €12,900 | €11,888 | -€1,012 | -7.8% |
| Assets under construction and advance payments | 27 | - | €12,300 | +€12,300 | |
| Current assets | 29/58 | €28,659 | €50,960 | +€22,301 | +77.8% |
| Stocks and contracts in progress | 3 | €17,763 | €22,711 | +€4,948 | +27.9% |
| Stocks | 30/36 | €17,763 | €22,711 | +€4,948 | +27.9% |
| Amounts receivable within one year | 40/41 | €800 | €4,200 | +€3,400 | +425% |
| Trade receivables | 40 | - | €4,200 | +€4,200 | |
| Other amounts receivable | 41 | €800 | - | -€800 | |
| Cash at bank and in hand | 54/58 | €8,325 | €20,351 | +€12,026 | +144% |
| Deferred charges and accrued income | 490/1 | €1,771 | €3,698 | +€1,927 | +109% |
| Total equity and liabilities | 10/49 | €45,143 | €93,815 | +€48,672 | +108% |
| Equity | 10/15 | €22,452 | €66,464 | +€44,012 | +196% |
| Contributions | 10/11 | €20,500 | €20,500 | = | 0.0% |
| Capital | 10 | - | €20,500 | +€20,500 | |
| Issued capital | 100 | - | €20,500 | +€20,500 | |
| Reserves | 13 | €1,952 | €1,952 | = | 0.0% |
| Distributable reserves | 133 | €1,952 | €1,952 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €44,012 | +€44,012 | |
| Provisions and deferred taxes | 16 | - | €11,000 | +€11,000 | |
| Provisions for liabilities and charges | 160/5 | - | €11,000 | +€11,000 | |
| Taxes | 161 | - | €11,000 | +€11,000 | |
| Amounts payable | 17/49 | €22,691 | €16,351 | -€6,340 | -27.9% |
| Amounts payable within one year | 42/48 | €20,505 | €16,351 | -€4,154 | -20.3% |
| Financial debts | 43 | €2,770 | €2,264 | -€506 | -18.3% |
| Credit institutions | 430/8 | €2,770 | €2,264 | -€506 | -18.3% |
| Trade debts | 44 | €8,304 | €5,977 | -€2,327 | -28.0% |
| Suppliers | 440/4 | €8,304 | €5,977 | -€2,327 | -28.0% |
| Taxes, remuneration and social security | 45 | €9,431 | €8,110 | -€1,321 | -14.0% |
| Remuneration and social security | 454/9 | €9,431 | €8,110 | -€1,321 | -14.0% |
| Accrued charges and deferred income | 492/3 | €2,186 | - | -€2,186 | |
| Remuneration, social security and pensions | 62 | €142,238 | €125,421 | -€16,817 | -11.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,516 | €5,929 | -€587 | -9.0% |
| Other operating charges | 640/8 | €5,223 | €7,772 | +€2,549 | +48.8% |
| Gross operating margin | 9900 | €159,034 | €194,136 | +€35,102 | +22.1% |
| Operating profit (loss) | 9901 | €5,057 | €55,014 | +€49,957 | +988% |
| Financial charges | 65/66B | €2,455 | - | -€2,455 | |
| Recurring financial charges | 65 | €2,455 | - | -€2,455 | |
| Non-recurring financial charges | 66B | €2,455 | - | -€2,455 | |
| Profit (loss) for the period before taxes | 9903 | €2,602 | €55,014 | +€52,412 | +2,014% |
| Income taxes | 67/77 | €650 | €11,002 | +€10,352 | +1,593% |
| Profit (loss) for the period | 9904 | €1,952 | €44,012 | +€42,060 | +2,155% |
| Profit (loss) for the period to be appropriated | 9905 | €1,952 | €44,012 | +€42,060 | +2,155% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.