MDMO: 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.
MDMO
Largest movements
- Receivables within one year -€37,611
down €37,611 (-57.6%), from €65,242 to €27,631
of which Other amounts receivable: -€31,095
- Cash +€31,228
up €31,228 (+956.9%), from €3,263 to €34,491
mainly Receivables within one year (+€37,611) and Trade debts (+€9,039)
- Tangible fixed assets +€3,382
new in 2025: €3,382
- Deferred charges and accrued income +€1,295
up €1,295 (+84.2%), from €1,537 to €2,832
- Tax, wage and social debts -€10,468
down €10,468 (-68.1%), from €15,369 to €4,901
of which Taxes: -€8,468
- Trade debts +€9,039
up €9,039 (+259.2%), from €3,488 to €12,526
- Other debts -€5,026
down €5,026 (-85.8%), from €5,859 to €833
- Profit (loss) carried forward +€4,748
up €4,748 (+11.0%), from €43,327 to €48,075
- Gross operating margin -€13,341
down €13,341 (-49.7%), from €26,821 to €13,480
- Depreciation +€1,385
new in 2025: €1,385
- Taxes -€1,268
down €1,268 (-21.3%), from €5,956 to €4,688
- Financial charges +€1,125
up €1,125 (+1433.5%), from €78 to €1,203
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 | €70,042 | €68,336 | -€1,707 | -2.4% |
| Fixed assets | 21/28 | - | €3,382 | +€3,382 | |
| Tangible fixed assets | 22/27 | - | €3,382 | +€3,382 | |
| Furniture and vehicles | 24 | - | €3,382 | +€3,382 | |
| Current assets | 29/58 | €70,042 | €64,954 | -€5,088 | -7.3% |
| Amounts receivable within one year | 40/41 | €65,242 | €27,631 | -€37,611 | -57.6% |
| Trade receivables | 40 | €20,843 | €14,327 | -€6,516 | -31.3% |
| Other amounts receivable | 41 | €44,399 | €13,304 | -€31,095 | -70.0% |
| Cash at bank and in hand | 54/58 | €3,263 | €34,491 | +€31,228 | +956.9% |
| Deferred charges and accrued income | 490/1 | €1,537 | €2,832 | +€1,295 | +84.2% |
| Total equity and liabilities | 10/49 | €70,042 | €68,336 | -€1,707 | -2.4% |
| Equity | 10/15 | €45,327 | €50,075 | +€4,748 | +10.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €43,327 | €48,075 | +€4,748 | +11.0% |
| Amounts payable | 17/49 | €24,715 | €18,260 | -€6,455 | -26.1% |
| Amounts payable within one year | 42/48 | €24,715 | €18,260 | -€6,455 | -26.1% |
| Trade debts | 44 | €3,488 | €12,526 | +€9,039 | +259.2% |
| Suppliers | 440/4 | €3,488 | €12,526 | +€9,039 | +259.2% |
| Taxes, remuneration and social security | 45 | €15,369 | €4,901 | -€10,468 | -68.1% |
| Taxes | 450/3 | €13,369 | €4,901 | -€8,468 | -63.3% |
| Remuneration and social security | 454/9 | €2,000 | - | -€2,000 | |
| Other amounts payable | 47/48 | €5,859 | €833 | -€5,026 | -85.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,385 | +€1,385 | |
| Other operating charges | 640/8 | €611 | €631 | +€19 | +3.1% |
| Gross operating margin | 9900 | €26,821 | €13,480 | -€13,341 | -49.7% |
| Operating profit (loss) | 9901 | €26,209 | €11,465 | -€14,744 | -56.3% |
| Financial income | 75/76B | €13 | €7 | -€5 | -42.0% |
| Recurring financial income | 75 | €13 | €7 | -€5 | -42.0% |
| Financial charges | 65/66B | €78 | €1,203 | +€1,125 | +1433.5% |
| Recurring financial charges | 65 | €78 | €1,203 | +€1,125 | +1433.5% |
| Profit (loss) for the period before taxes | 9903 | €26,144 | €10,269 | -€15,875 | -60.7% |
| Income taxes | 67/77 | €5,956 | €4,688 | -€1,268 | -21.3% |
| Profit (loss) for the period | 9904 | €20,188 | €5,581 | -€14,607 | -72.4% |
| Profit (loss) for the period to be appropriated | 9905 | €20,188 | €5,581 | -€14,607 | -72.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.