MDM Technics: 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 Technics
Largest movements
- Receivables within one year +€34,905
up €34,905 (+9.6%), from €364,953 to €399,858
of which Other amounts receivable: +€37,503
- Reserves +€48,941
up €48,941 (+17.1%), from €286,893 to €335,834
- Debts after one year -€9,425
down €9,425 (-62.4%), from €15,103 to €5,678
- Gross operating margin -€15,107
down €15,107 (-24.6%), from €61,340 to €46,233
- Depreciation -€5,912
down €5,912 (-94.6%), from €6,249 to €337
- Taxes -€2,190
down €2,190 (-13.4%), from €16,314 to €14,125
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 | €365,627 | €404,230 | +€38,603 | +10.6% |
| Fixed assets | 21/28 | €367 | €30 | -€337 | -91.8% |
| Tangible fixed assets | 22/27 | €367 | €30 | -€337 | -91.8% |
| Furniture and vehicles | 24 | €367 | €30 | -€337 | -91.8% |
| Current assets | 29/58 | €365,260 | €404,200 | +€38,940 | +10.7% |
| Amounts receivable within one year | 40/41 | €364,953 | €399,858 | +€34,905 | +9.6% |
| Trade receivables | 40 | €14,031 | €11,434 | -€2,598 | -18.5% |
| Other amounts receivable | 41 | €350,922 | €388,424 | +€37,503 | +10.7% |
| Cash at bank and in hand | 54/58 | €9 | €3,904 | +€3,894 | +42702.4% |
| Deferred charges and accrued income | 490/1 | €298 | €438 | +€140 | +46.9% |
| Total equity and liabilities | 10/49 | €365,627 | €404,230 | +€38,603 | +10.6% |
| Equity | 10/15 | €308,393 | €357,334 | +€48,941 | +15.9% |
| Contributions | 10/11 | €21,500 | €21,500 | = | 0.0% |
| Reserves | 13 | €286,893 | €335,834 | +€48,941 | +17.1% |
| Distributable reserves | 133 | €286,893 | €335,834 | +€48,941 | +17.1% |
| Amounts payable | 17/49 | €57,234 | €46,896 | -€10,338 | -18.1% |
| Amounts payable after more than one year | 17 | €15,103 | €5,678 | -€9,425 | -62.4% |
| Financial debts | 170/4 | €15,103 | €5,678 | -€9,425 | -62.4% |
| Amounts payable within one year | 42/48 | €41,048 | €41,218 | +€170 | +0.4% |
| Current portion of amounts payable after more than one year | 42 | €9,050 | €9,425 | +€376 | +4.1% |
| Financial debts | 43 | €146 | €0 | -€146 | -100.0% |
| Credit institutions | 430/8 | €146 | €0 | -€146 | -100.0% |
| Trade debts | 44 | €1,538 | €1,151 | -€387 | -25.2% |
| Suppliers | 440/4 | €1,538 | €1,151 | -€387 | -25.2% |
| Advances received on contracts in progress | 46 | - | €203 | +€203 | |
| Taxes, remuneration and social security | 45 | €30,314 | €30,439 | +€125 | +0.4% |
| Taxes | 450/3 | €30,314 | €30,439 | +€125 | +0.4% |
| Accrued charges and deferred income | 492/3 | €1,083 | €0 | -€1,083 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,249 | €337 | -€5,912 | -94.6% |
| Other operating charges | 640/8 | €943 | €1,240 | +€298 | +31.6% |
| Gross operating margin | 9900 | €61,340 | €46,233 | -€15,107 | -24.6% |
| Operating profit (loss) | 9901 | €54,148 | €44,655 | -€9,493 | -17.5% |
| Financial income | 75/76B | €19,822 | €19,867 | +€45 | +0.2% |
| Recurring financial income | 75 | €19,822 | €19,867 | +€45 | +0.2% |
| Financial charges | 65/66B | €1,730 | €1,457 | -€273 | -15.8% |
| Recurring financial charges | 65 | €1,730 | €1,457 | -€273 | -15.8% |
| Profit (loss) for the period before taxes | 9903 | €72,241 | €63,066 | -€9,175 | -12.7% |
| Income taxes | 67/77 | €16,314 | €14,125 | -€2,190 | -13.4% |
| Profit (loss) for the period | 9904 | €55,926 | €48,941 | -€6,985 | -12.5% |
| Profit (loss) for the period to be appropriated | 9905 | €55,926 | €48,941 | -€6,985 | -12.5% |
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 9 October 2026 via checked.be.