MDMG: 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.
MDMG
Largest movements
- Cash +€2,746
up €2,746 (+45.8%), from €5,996 to €8,742
mainly Tax, wage and social debts (+€2,609) and Other debts (+€950)
- Receivables within one year -€833
down €833 (-95.4%), from €873 to €40
- Deferred charges and accrued income +€215
up €215 (+32.4%), from €663 to €878
- Tax, wage and social debts +€2,609
up €2,609 (+86.9%), from €3,002 to €5,611
of which Remuneration and social security: +€2,696
- Other debts +€950
up €950 (+2.7%), from €34,627 to €35,577
- Trade debts -€928
down €928 (-77.1%), from €1,203 to €275
- Profit (loss) carried forward -€530
down €530 (-1.5%), from -€36,125 to -€36,654
- Gross operating margin -€5,133
down €5,133 (-15.8%), from €32,576 to €27,443
- Staff costs -€1,126
down €1,126 (-3.9%), from €28,748 to €27,622
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 | €7,707 | €9,835 | +€2,128 | +27.6% |
| Fixed assets | 21/28 | €175 | €175 | = | 0.0% |
| Financial fixed assets | 28 | €175 | €175 | = | 0.0% |
| Current assets | 29/58 | €7,532 | €9,660 | +€2,128 | +28.3% |
| Amounts receivable within one year | 40/41 | €873 | €40 | -€833 | -95.4% |
| Trade receivables | 40 | €873 | €40 | -€833 | -95.4% |
| Cash at bank and in hand | 54/58 | €5,996 | €8,742 | +€2,746 | +45.8% |
| Deferred charges and accrued income | 490/1 | €663 | €878 | +€215 | +32.4% |
| Total equity and liabilities | 10/49 | €7,707 | €9,835 | +€2,128 | +27.6% |
| Equity | 10/15 | -€31,125 | -€31,654 | -€530 | -1.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€36,125 | -€36,654 | -€530 | -1.5% |
| Amounts payable | 17/49 | €38,832 | €41,489 | +€2,658 | +6.8% |
| Amounts payable within one year | 42/48 | €38,832 | €41,463 | +€2,631 | +6.8% |
| Trade debts | 44 | €1,203 | €275 | -€928 | -77.1% |
| Suppliers | 440/4 | €1,203 | €275 | -€928 | -77.1% |
| Taxes, remuneration and social security | 45 | €3,002 | €5,611 | +€2,609 | +86.9% |
| Taxes | 450/3 | €1,587 | €1,499 | -€87 | -5.5% |
| Remuneration and social security | 454/9 | €1,415 | €4,111 | +€2,696 | +191% |
| Other amounts payable | 47/48 | €34,627 | €35,577 | +€950 | +2.7% |
| Accrued charges and deferred income | 492/3 | - | €27 | +€27 | |
| Remuneration, social security and pensions | 62 | €28,748 | €27,622 | -€1,126 | -3.9% |
| Other operating charges | 640/8 | €153 | €152 | -€0 | 0.0% |
| Gross operating margin | 9900 | €32,576 | €27,443 | -€5,133 | -15.8% |
| Operating profit (loss) | 9901 | €3,676 | -€331 | -€4,007 | |
| Financial charges | 65/66B | €221 | €198 | -€23 | -10.3% |
| Recurring financial charges | 65 | €221 | €198 | -€23 | -10.3% |
| Profit (loss) for the period before taxes | 9903 | €3,455 | -€530 | -€3,985 | |
| Profit (loss) for the period | 9904 | €3,455 | -€530 | -€3,985 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,455 | -€530 | -€3,985 |
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 15 October 2026 via checked.be.