MDMEUSE: 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.
MDMEUSE
Largest movements
- Tangible fixed assets -€18,706
down €18,706 (-32.8%), from €57,016 to €38,310
of which Furniture and vehicles: -€9,421
- Stocks and contracts -€14,931
no longer reported in 2024 (was €14,931)
- Receivables within one year -€9,829
down €9,829 (-66.7%), from €14,739 to €4,910
- Cash -€8,393
down €8,393 (-60.2%), from €13,937 to €5,544
mainly Net result for the year (-€90,108) and Trade debts (-€37,773)
- Intangible fixed assets -€6,000
down €6,000 (-20.0%), from €30,000 to €24,000
- Other debts +€108,064
up €108,064 (+82491.6%), from €131 to €108,195
- Profit (loss) carried forward -€90,108
down €90,108 (-59.5%), from -€151,502 to -€241,610
- Trade debts -€37,773
down €37,773 (-50.3%), from €75,130 to €37,357
- Tax, wage and social debts -€20,578
down €20,578 (-38.8%), from €53,040 to €32,462
of which Remuneration and social security: -€17,826
- Current portion of long-term debt -€13,028
down €13,028 (-43.8%), from €29,711 to €16,683
- Staff costs -€150,055
down €150,055 (-40.9%), from €366,769 to €216,714
- Gross operating margin -€54,239
down €54,239 (-22.4%), from €242,105 to €187,866
- Financial charges +€31,847
up €31,847 (+282.9%), from €11,258 to €43,105
- Taxes -€6,941
down €6,941 (-97.1%), from €7,146 to €205
- Depreciation -€5,633
down €5,633 (-26.9%), from €20,918 to €15,285
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.
Cash bridge derived
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 | €136,477 | €78,618 | -€57,859 | -42.4% |
| Fixed assets | 21/28 | €88,467 | €63,761 | -€24,706 | -27.9% |
| Intangible fixed assets | 21 | €30,000 | €24,000 | -€6,000 | -20.0% |
| Tangible fixed assets | 22/27 | €57,016 | €38,310 | -€18,706 | -32.8% |
| Plant, machinery and equipment | 23 | €43,287 | €34,710 | -€8,577 | -19.8% |
| Furniture and vehicles | 24 | €9,421 | - | -€9,421 | |
| Other tangible fixed assets | 26 | €4,308 | €3,600 | -€708 | -16.4% |
| Financial fixed assets | 28 | €1,451 | €1,451 | = | 0.0% |
| Current assets | 29/58 | €48,010 | €14,857 | -€33,153 | -69.1% |
| Stocks and contracts in progress | 3 | €14,931 | - | -€14,931 | |
| Stocks | 30/36 | €14,931 | - | -€14,931 | |
| Amounts receivable within one year | 40/41 | €14,739 | €4,910 | -€9,829 | -66.7% |
| Other amounts receivable | 41 | €14,739 | €4,910 | -€9,829 | -66.7% |
| Cash at bank and in hand | 54/58 | €13,937 | €5,544 | -€8,393 | -60.2% |
| Deferred charges and accrued income | 490/1 | €4,403 | €4,403 | = | 0.0% |
| Total equity and liabilities | 10/49 | €136,477 | €78,618 | -€57,859 | -42.4% |
| Equity | 10/15 | -€49,502 | -€139,610 | -€90,108 | -182.0% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€151,502 | -€241,610 | -€90,108 | -59.5% |
| Amounts payable | 17/49 | €185,979 | €218,228 | +€32,249 | +17.3% |
| Amounts payable after more than one year | 17 | €19,886 | €12,731 | -€7,155 | -36.0% |
| Financial debts | 170/4 | €19,886 | €12,731 | -€7,155 | -36.0% |
| Amounts payable within one year | 42/48 | €166,093 | €205,497 | +€39,404 | +23.7% |
| Current portion of amounts payable after more than one year | 42 | €29,711 | €16,683 | -€13,028 | -43.8% |
| Financial debts | 43 | €8,081 | €10,800 | +€2,719 | +33.6% |
| Credit institutions | 430/8 | €8,081 | €10,800 | +€2,719 | +33.6% |
| Trade debts | 44 | €75,130 | €37,357 | -€37,773 | -50.3% |
| Suppliers | 440/4 | €75,130 | €37,357 | -€37,773 | -50.3% |
| Taxes, remuneration and social security | 45 | €53,040 | €32,462 | -€20,578 | -38.8% |
| Taxes | 450/3 | €9,576 | €6,824 | -€2,752 | -28.7% |
| Remuneration and social security | 454/9 | €43,464 | €25,638 | -€17,826 | -41.0% |
| Other amounts payable | 47/48 | €131 | €108,195 | +€108,064 | +82491.6% |
| Remuneration, social security and pensions | 62 | €366,769 | €216,714 | -€150,055 | -40.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,918 | €15,285 | -€5,633 | -26.9% |
| Other operating charges | 640/8 | €1,012 | €2,733 | +€1,721 | +170.1% |
| Gross operating margin | 9900 | €242,105 | €187,866 | -€54,239 | -22.4% |
| Operating profit (loss) | 9901 | -€146,594 | -€46,866 | +€99,728 | +68.0% |
| Financial income | 75/76B | €131 | €68 | -€63 | -48.1% |
| Recurring financial income | 75 | €131 | €68 | -€63 | -48.1% |
| Financial charges | 65/66B | €11,258 | €43,105 | +€31,847 | +282.9% |
| Recurring financial charges | 65 | €11,258 | €43,105 | +€31,847 | +282.9% |
| Profit (loss) for the period before taxes | 9903 | -€157,721 | -€89,903 | +€67,818 | +43.0% |
| Income taxes | 67/77 | €7,146 | €205 | -€6,941 | -97.1% |
| Profit (loss) for the period | 9904 | -€164,867 | -€90,108 | +€74,759 | +45.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€164,867 | -€90,108 | +€74,759 | +45.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.