MDMC: 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.
MDMC
Largest movements
- Receivables within one year -€83,181
down €83,181 (-54.4%), from €152,819 to €69,638
of which Trade receivables: -€83,181
- Cash +€68,509
up €68,509 (+897.5%), from €7,633 to €76,142
mainly Current portion of long-term debt (+€93,948) and Receivables within one year (+€83,181)
- Stocks and contracts -€34,966
down €34,966 (-12.4%), from €282,766 to €247,800
- Trade debts -€139,834
down €139,834 (-74.3%), from €188,328 to €48,495
- Current portion of long-term debt +€93,948
new in 2025: €93,948
- Tax, wage and social debts -€8,730
down €8,730 (-14.2%), from €61,381 to €52,651
of which Taxes: -€8,470
- Profit (loss) carried forward +€7,679
up €7,679 (+7.5%), from €102,644 to €110,323
- Gross operating margin -€33,606
down €33,606 (-19.7%), from €170,825 to €137,218
- Staff costs -€18,925
down €18,925 (-15.4%), from €122,666 to €103,741
- Write-downs +€3,749
new in 2025: €3,749
- Taxes +€3,488
up €3,488 (+102.8%), from €3,392 to €6,880
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 | €443,536 | €393,654 | -€49,882 | -11.2% |
| Fixed assets | 21/28 | €319 | €75 | -€244 | -76.5% |
| Tangible fixed assets | 22/27 | €244 | - | -€244 | |
| Furniture and vehicles | 24 | €244 | - | -€244 | |
| Financial fixed assets | 28 | €75 | €75 | = | 0.0% |
| Current assets | 29/58 | €443,218 | €393,579 | -€49,638 | -11.2% |
| Stocks and contracts in progress | 3 | €282,766 | €247,800 | -€34,966 | -12.4% |
| Stocks | 30/36 | €282,766 | €247,800 | -€34,966 | -12.4% |
| Amounts receivable within one year | 40/41 | €152,819 | €69,638 | -€83,181 | -54.4% |
| Trade receivables | 40 | €152,290 | €69,108 | -€83,181 | -54.6% |
| Other amounts receivable | 41 | €529 | €529 | +€0 | 0.0% |
| Cash at bank and in hand | 54/58 | €7,633 | €76,142 | +€68,509 | +897.5% |
| Total equity and liabilities | 10/49 | €443,536 | €393,654 | -€49,882 | -11.2% |
| Equity | 10/15 | €124,644 | €132,323 | +€7,679 | +6.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €102,644 | €110,323 | +€7,679 | +7.5% |
| Amounts payable | 17/49 | €318,892 | €261,332 | -€57,561 | -18.1% |
| Amounts payable after more than one year | 17 | €65,000 | €65,000 | = | 0.0% |
| Financial debts | 170/4 | €65,000 | €65,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €253,892 | €196,332 | -€57,561 | -22.7% |
| Current portion of amounts payable after more than one year | 42 | - | €93,948 | +€93,948 | |
| Trade debts | 44 | €188,328 | €48,495 | -€139,834 | -74.3% |
| Suppliers | 440/4 | €188,328 | €48,495 | -€139,834 | -74.3% |
| Taxes, remuneration and social security | 45 | €61,381 | €52,651 | -€8,730 | -14.2% |
| Taxes | 450/3 | €48,002 | €39,532 | -€8,470 | -17.6% |
| Remuneration and social security | 454/9 | €13,379 | €13,119 | -€260 | -1.9% |
| Other amounts payable | 47/48 | €4,183 | €1,239 | -€2,945 | -70.4% |
| Non-recurring operating income | 76A | €6,637 | €263 | -€6,374 | -96.0% |
| Remuneration, social security and pensions | 62 | €122,666 | €103,741 | -€18,925 | -15.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €439 | €244 | -€195 | -44.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €3,749 | +€3,749 | |
| Other operating charges | 640/8 | €267 | €1,950 | +€1,683 | +630.3% |
| Non-recurring operating charges | 66A | €6,737 | - | -€6,737 | |
| Gross operating margin | 9900 | €170,825 | €137,218 | -€33,606 | -19.7% |
| Operating profit (loss) | 9901 | €40,716 | €27,535 | -€13,181 | -32.4% |
| Financial income | 75/76B | €7,767 | €6,112 | -€1,655 | -21.3% |
| Recurring financial income | 75 | €7,767 | €6,112 | -€1,655 | -21.3% |
| Financial charges | 65/66B | €19,096 | €19,088 | -€8 | 0.0% |
| Recurring financial charges | 65 | €19,096 | €19,088 | -€8 | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €29,387 | €14,558 | -€14,829 | -50.5% |
| Income taxes | 67/77 | €3,392 | €6,880 | +€3,488 | +102.8% |
| Profit (loss) for the period | 9904 | €25,995 | €7,679 | -€18,316 | -70.5% |
| Profit (loss) for the period to be appropriated | 9905 | €25,995 | €7,679 | -€18,316 | -70.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.