MDM Service: 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 Service
Largest movements
- Tangible fixed assets +€879,539
up €879,539 (+2127.8%), from €41,336 to €920,876
of which Land and buildings: +€849,150
- Receivables within one year -€132,205
down €132,205 (-42.4%), from €311,854 to €179,649
of which Trade receivables: -€133,126
- Stocks and contracts +€54,400
up €54,400 (+62.5%), from €87,000 to €141,400
- Cash +€22,411
up €22,411 (+108.2%), from €20,707 to €43,118
mainly Debts after one year (+€783,674) and Receivables within one year (+€132,205)
- Debts after one year +€783,674
new in 2025: €783,674
- Trade debts -€215,376
down €215,376 (-69.8%), from €308,350 to €92,975
- Other debts +€120,908
up €120,908 (+280.7%), from €43,080 to €163,988
- Short-term financial debts +€100,000
new in 2025: €100,000
- Current portion of long-term debt +€42,868
new in 2025: €42,868
- Depreciation +€119,719
up €119,719 (+1230.5%), from €9,729 to €129,448
- Gross operating margin +€46,747
up €46,747 (+41.8%), from €111,879 to €158,626
- Taxes -€16,415
down €16,415 (-80.1%), from €20,494 to €4,079
- Financial charges +€5,231
up €5,231 (+1585278.8%), from €0 to €5,232
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 | €462,603 | €1,289,054 | +€826,451 | +178.7% |
| Fixed assets | 21/28 | €41,336 | €920,876 | +€879,539 | +2127.8% |
| Tangible fixed assets | 22/27 | €41,336 | €920,876 | +€879,539 | +2127.8% |
| Land and buildings | 22 | - | €849,150 | +€849,150 | |
| Plant, machinery and equipment | 23 | €22,494 | €53,954 | +€31,459 | +139.9% |
| Furniture and vehicles | 24 | €18,842 | €17,772 | -€1,070 | -5.7% |
| Current assets | 29/58 | €421,267 | €368,178 | -€53,088 | -12.6% |
| Stocks and contracts in progress | 3 | €87,000 | €141,400 | +€54,400 | +62.5% |
| Stocks | 30/36 | €87,000 | €141,400 | +€54,400 | +62.5% |
| Amounts receivable within one year | 40/41 | €311,854 | €179,649 | -€132,205 | -42.4% |
| Trade receivables | 40 | €311,854 | €178,728 | -€133,126 | -42.7% |
| Other amounts receivable | 41 | - | €921 | +€921 | |
| Cash at bank and in hand | 54/58 | €20,707 | €43,118 | +€22,411 | +108.2% |
| Deferred charges and accrued income | 490/1 | €1,706 | €4,012 | +€2,306 | +135.2% |
| Total equity and liabilities | 10/49 | €462,603 | €1,289,054 | +€826,451 | +178.7% |
| Equity | 10/15 | €80,270 | €95,958 | +€15,688 | +19.5% |
| Contributions | 10/11 | €1,200 | €1,200 | = | 0.0% |
| Reserves | 13 | €79,070 | €94,758 | +€15,688 | +19.8% |
| Distributable reserves | 133 | €79,070 | €94,758 | +€15,688 | +19.8% |
| Amounts payable | 17/49 | €382,333 | €1,193,096 | +€810,763 | +212.1% |
| Amounts payable after more than one year | 17 | - | €783,674 | +€783,674 | |
| Financial debts | 170/4 | - | €783,674 | +€783,674 | |
| Amounts payable within one year | 42/48 | €382,017 | €408,983 | +€26,966 | +7.1% |
| Current portion of amounts payable after more than one year | 42 | - | €42,868 | +€42,868 | |
| Financial debts | 43 | - | €100,000 | +€100,000 | |
| Credit institutions | 430/8 | - | €100,000 | +€100,000 | |
| Trade debts | 44 | €308,350 | €92,975 | -€215,376 | -69.8% |
| Suppliers | 440/4 | €308,350 | €92,975 | -€215,376 | -69.8% |
| Taxes, remuneration and social security | 45 | €30,587 | €9,152 | -€21,435 | -70.1% |
| Taxes | 450/3 | €30,587 | €9,152 | -€21,435 | -70.1% |
| Other amounts payable | 47/48 | €43,080 | €163,988 | +€120,908 | +280.7% |
| Accrued charges and deferred income | 492/3 | €316 | €440 | +€124 | +39.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,729 | €129,448 | +€119,719 | +1230.5% |
| Other operating charges | 640/8 | €2,005 | €3,063 | +€1,059 | +52.8% |
| Non-recurring operating charges | 66A | - | €282 | +€282 | |
| Gross operating margin | 9900 | €111,879 | €158,626 | +€46,747 | +41.8% |
| Operating profit (loss) | 9901 | €100,146 | €25,832 | -€74,314 | -74.2% |
| Financial income | 75/76B | €252 | - | -€252 | |
| Recurring financial income | 75 | €252 | - | -€252 | |
| Financial charges | 65/66B | €0 | €5,232 | +€5,231 | +1585278.8% |
| Recurring financial charges | 65 | €0 | €5,232 | +€5,231 | +1585278.8% |
| Profit (loss) for the period before taxes | 9903 | €100,397 | €20,600 | -€79,797 | -79.5% |
| Income taxes | 67/77 | €20,494 | €4,079 | -€16,415 | -80.1% |
| Profit (loss) for the period | 9904 | €79,903 | €16,521 | -€63,382 | -79.3% |
| Profit (loss) for the period to be appropriated | 9905 | €79,903 | €16,521 | -€63,382 | -79.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.