MDM INVEST: 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 INVEST
Largest movements
- Tangible fixed assets -€10,289
down €10,289 (-4.9%), from €209,376 to €199,088
of which Land and buildings: -€8,439
- Cash +€6,501
up €6,501 (+90.1%), from €7,214 to €13,714
mainly Net result for the year (+€14,763) and Depreciation (+€12,159)
- Receivables within one year +€3,358
up €3,358 (+97.8%), from €3,432 to €6,790
- Deferred charges and accrued income -€2,409
down €2,409 (-79.4%), from €3,033 to €624
- Reserves +€14,000
up €14,000 (+15.7%), from €89,203 to €103,203
of which Distributable reserves: +€14,000
- Tax, wage and social debts -€11,459
down €11,459 (-97.8%), from €11,717 to €258
of which Taxes: -€10,094
- Trade debts -€5,284
down €5,284 (-97.0%), from €5,446 to €163
- Taxes -€1,115
down €1,115 (-17.0%), from €6,568 to €5,453
- Other operating charges -€762
down €762 (-6.5%), from €11,686 to €10,924
- Depreciation +€472
up €472 (+4.0%), from €11,687 to €12,159
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.
Derived cash bridge
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 | €223,055 | €220,215 | -€2,840 | -1.3% |
| Fixed assets | 21/28 | €209,376 | €199,088 | -€10,289 | -4.9% |
| Tangible fixed assets | 22/27 | €209,376 | €199,088 | -€10,289 | -4.9% |
| Land and buildings | 22 | €205,474 | €197,035 | -€8,439 | -4.1% |
| Furniture and vehicles | 24 | €388 | - | -€388 | |
| Other tangible fixed assets | 26 | €3,514 | €2,052 | -€1,461 | -41.6% |
| Current assets | 29/58 | €13,679 | €21,128 | +€7,449 | +54.5% |
| Amounts receivable within one year | 40/41 | €3,432 | €6,790 | +€3,358 | +97.8% |
| Other amounts receivable | 41 | €3,432 | €6,790 | +€3,358 | +97.8% |
| Cash at bank and in hand | 54/58 | €7,214 | €13,714 | +€6,501 | +90.1% |
| Deferred charges and accrued income | 490/1 | €3,033 | €624 | -€2,409 | -79.4% |
| Total equity and liabilities | 10/49 | €223,055 | €220,215 | -€2,840 | -1.3% |
| Equity | 10/15 | €205,290 | €219,194 | +€13,904 | +6.8% |
| Contributions | 10/11 | €16,446 | €16,446 | = | 0.0% |
| Reserves | 13 | €89,203 | €103,203 | +€14,000 | +15.7% |
| Non-distributable reserves | 130/1 | €1,145 | €1,145 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,145 | €1,145 | = | 0.0% |
| Distributable reserves | 133 | €88,059 | €102,059 | +€14,000 | +15.9% |
| Profit (loss) carried forward | 14 | €99,641 | €99,544 | -€96 | -0.1% |
| Amounts payable | 17/49 | €17,765 | €1,022 | -€16,743 | -94.2% |
| Amounts payable within one year | 42/48 | €17,765 | €1,022 | -€16,743 | -94.2% |
| Trade debts | 44 | €5,446 | €163 | -€5,284 | -97.0% |
| Suppliers | 440/4 | €5,446 | €163 | -€5,284 | -97.0% |
| Taxes, remuneration and social security | 45 | €11,717 | €258 | -€11,459 | -97.8% |
| Taxes | 450/3 | €10,352 | €258 | -€10,094 | -97.5% |
| Remuneration and social security | 454/9 | €1,366 | - | -€1,366 | |
| Other amounts payable | 47/48 | €601 | €601 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,687 | €12,159 | +€472 | +4.0% |
| Other operating charges | 640/8 | €11,686 | €10,924 | -€762 | -6.5% |
| Gross operating margin | 9900 | €43,173 | €43,483 | +€311 | +0.7% |
| Operating profit (loss) | 9901 | €19,799 | €20,400 | +€601 | +3.0% |
| Financial charges | 65/66B | €456 | €185 | -€272 | -59.5% |
| Recurring financial charges | 65 | €456 | €185 | -€272 | -59.5% |
| Profit (loss) for the period before taxes | 9903 | €19,343 | €20,216 | +€872 | +4.5% |
| Income taxes | 67/77 | €6,568 | €5,453 | -€1,115 | -17.0% |
| Profit (loss) for the period | 9904 | €12,775 | €14,763 | +€1,987 | +15.6% |
| Profit (loss) for the period to be appropriated | 9905 | €12,775 | €14,763 | +€1,987 | +15.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.