MDMW: 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.
MDMW
Largest movements
- Tangible fixed assets +€28,748
new in 2025: €28,748
of which Furniture and vehicles: +€27,581
- Current investments +€21,553
up €21,553 (+279.8%), from €7,705 to €29,258
- Receivables within one year +€17,202
up €17,202 (+1369.1%), from €1,256 to €18,459
- Deferred charges and accrued income +€6,156
up €6,156 (+2944.7%), from €209 to €6,365
- Reserves +€30,648
up €30,648 (+643.6%), from €4,762 to €35,410
- Debts after one year +€22,813
new in 2025: €22,813
- Tax, wage and social debts +€11,916
up €11,916 (+222.2%), from €5,364 to €17,280
- Current portion of long-term debt +€5,766
new in 2025: €5,766
- Trade debts +€2,239
up €2,239 (+1496.2%), from €150 to €2,389
- Gross operating margin +€35,426
up €35,426 (+383.7%), from €9,234 to €44,659
- Taxes +€6,640
up €6,640 (+228.2%), from €2,909 to €9,549
- Depreciation +€2,699
new in 2025: €2,699
- Financial income +€533
up €533 (+481.1%), from €111 to €644
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 | €12,775 | €86,665 | +€73,890 | +578.4% |
| Fixed assets | 21/28 | - | €28,748 | +€28,748 | |
| Tangible fixed assets | 22/27 | - | €28,748 | +€28,748 | |
| Plant, machinery and equipment | 23 | - | €954 | +€954 | |
| Furniture and vehicles | 24 | - | €27,581 | +€27,581 | |
| Other tangible fixed assets | 26 | - | €213 | +€213 | |
| Current assets | 29/58 | €12,775 | €57,916 | +€45,141 | +353.4% |
| Amounts receivable within one year | 40/41 | €1,256 | €18,459 | +€17,202 | +1369.1% |
| Trade receivables | 40 | €1,256 | €18,459 | +€17,202 | +1369.1% |
| Current investments | 50/53 | €7,705 | €29,258 | +€21,553 | +279.8% |
| Cash at bank and in hand | 54/58 | €3,605 | €3,835 | +€230 | +6.4% |
| Deferred charges and accrued income | 490/1 | €209 | €6,365 | +€6,156 | +2944.7% |
| Total equity and liabilities | 10/49 | €12,775 | €86,665 | +€73,890 | +578.4% |
| Equity | 10/15 | €7,262 | €37,910 | +€30,648 | +422.0% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €4,762 | €35,410 | +€30,648 | +643.6% |
| Distributable reserves | 133 | €4,762 | €35,410 | +€30,648 | +643.6% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €5,513 | €48,755 | +€43,242 | +784.3% |
| Amounts payable after more than one year | 17 | - | €22,813 | +€22,813 | |
| Financial debts | 170/4 | - | €22,813 | +€22,813 | |
| Amounts payable within one year | 42/48 | €5,513 | €25,942 | +€20,429 | +370.5% |
| Current portion of amounts payable after more than one year | 42 | - | €5,766 | +€5,766 | |
| Trade debts | 44 | €150 | €2,389 | +€2,239 | +1496.2% |
| Suppliers | 440/4 | €150 | €2,389 | +€2,239 | +1496.2% |
| Taxes, remuneration and social security | 45 | €5,364 | €17,280 | +€11,916 | +222.2% |
| Taxes | 450/3 | €5,364 | €17,280 | +€11,916 | +222.2% |
| Other amounts payable | 47/48 | - | €508 | +€508 | |
| Remuneration, social security and pensions | 62 | €1,228 | €1,543 | +€316 | +25.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €2,699 | +€2,699 | |
| Other operating charges | 640/8 | €27 | €432 | +€405 | +1526.0% |
| Gross operating margin | 9900 | €9,234 | €44,659 | +€35,426 | +383.7% |
| Operating profit (loss) | 9901 | €7,979 | €39,986 | +€32,006 | +401.1% |
| Financial income | 75/76B | €111 | €644 | +€533 | +481.1% |
| Recurring financial income | 75 | €111 | €644 | +€533 | +481.1% |
| Financial charges | 65/66B | €140 | €432 | +€292 | +208.7% |
| Recurring financial charges | 65 | €140 | €432 | +€292 | +208.7% |
| Profit (loss) for the period before taxes | 9903 | €7,950 | €40,197 | +€32,247 | +405.6% |
| Income taxes | 67/77 | €2,909 | €9,549 | +€6,640 | +228.2% |
| Profit (loss) for the period | 9904 | €5,041 | €30,648 | +€25,607 | +508.0% |
| Profit (loss) for the period to be appropriated | 9905 | €5,041 | €30,648 | +€25,607 | +508.0% |
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 8 October 2026 via checked.be.