MDN IMMO: 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.
MDN IMMO
Largest movements
- Tangible fixed assets -€5,342
no longer reported in 2025 (was €5,342)
- Receivables within one year -€120
no longer reported in 2025 (was €120)
- Profit (loss) carried forward -€5,458
down €5,458 (-41.5%), from -€13,142 to -€18,600
- Gross operating margin +€64
no longer reported in 2025 (was -€64)
- Financial charges +€14
up €14 (+8.0%), from €178 to €193
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,462 | - | -€5,462 | |
| Fixed assets | 21/28 | €5,342 | - | -€5,342 | |
| Tangible fixed assets | 22/27 | €5,342 | - | -€5,342 | |
| Other tangible fixed assets | 26 | €5,342 | - | -€5,342 | |
| Current assets | 29/58 | €120 | - | -€120 | |
| Amounts receivable within one year | 40/41 | €120 | - | -€120 | |
| Other amounts receivable | 41 | €120 | - | -€120 | |
| Total equity and liabilities | 10/49 | €5,462 | - | -€5,462 | |
| Equity | 10/15 | €5,458 | - | -€5,458 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,142 | -€18,600 | -€5,458 | -41.5% |
| Amounts payable | 17/49 | €4 | - | -€4 | |
| Amounts payable within one year | 42/48 | €4 | - | -€4 | |
| Financial debts | 43 | €4 | - | -€4 | |
| Credit institutions | 430/8 | €4 | - | -€4 | |
| Non-recurring operating charges | 66A | - | €5,265 | +€5,265 | |
| Gross operating margin | 9900 | -€64 | - | +€64 | |
| Operating profit (loss) | 9901 | -€64 | -€5,265 | -€5,201 | -8178.3% |
| Financial charges | 65/66B | €178 | €193 | +€14 | +8.0% |
| Recurring financial charges | 65 | €178 | €193 | +€14 | +8.0% |
| Profit (loss) for the period before taxes | 9903 | -€242 | -€5,458 | -€5,216 | -2154.7% |
| Profit (loss) for the period | 9904 | -€242 | -€5,458 | -€5,216 | -2154.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€242 | -€5,458 | -€5,216 | -2154.7% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.