MDN Technics: 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 Technics
Largest movements
- Cash -€86,623
down €86,623 (-80.0%), from €108,298 to €21,675
mainly Deferred charges and accrued income (-€53,213) and Investment in fixed assets (net) (-€19,000)
- Deferred charges and accrued income +€53,213
new in 2025: €53,213
- Tangible fixed assets +€13,622
up €13,622 (+387%), from €3,517 to €17,139
of which Furniture and vehicles: +€12,190
- Receivables within one year +€4,281
up €4,281 (+73.5%), from €5,826 to €10,108
of which Trade receivables: +€5,646
- Trade debts -€8,348
down €8,348 (-25.6%), from €32,605 to €24,257
- Tax, wage and social debts -€4,319
down €4,319 (-26.5%), from €16,299 to €11,981
of which Taxes: -€6,340
- Other debts -€2,840
down €2,840 (-32.2%), from €8,830 to €5,990
- Gross operating margin -€31,736
down €31,736 (-64.5%), from €49,222 to €17,486
- Taxes -€7,505
down €7,505 (-86.0%), from €8,727 to €1,222
- Staff costs +€6,049
up €6,049 (+237%), from €2,556 to €8,605
- Depreciation +€2,551
up €2,551 (+90.2%), from €2,827 to €5,378
- Financial charges -€837
down €837 (-76.4%), from €1,096 to €259
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 | €117,641 | €102,135 | -€15,506 | -13.2% |
| Fixed assets | 21/28 | €3,517 | €17,139 | +€13,622 | +387% |
| Tangible fixed assets | 22/27 | €3,517 | €17,139 | +€13,622 | +387% |
| Plant, machinery and equipment | 23 | €1,070 | €2,501 | +€1,431 | +134% |
| Furniture and vehicles | 24 | €2,448 | €14,638 | +€12,190 | +498% |
| Current assets | 29/58 | €114,124 | €84,996 | -€29,128 | -25.5% |
| Amounts receivable within one year | 40/41 | €5,826 | €10,108 | +€4,281 | +73.5% |
| Trade receivables | 40 | - | €5,646 | +€5,646 | |
| Other amounts receivable | 41 | €5,826 | €4,461 | -€1,365 | -23.4% |
| Cash at bank and in hand | 54/58 | €108,298 | €21,675 | -€86,623 | -80.0% |
| Deferred charges and accrued income | 490/1 | - | €53,213 | +€53,213 | |
| Total equity and liabilities | 10/49 | €117,641 | €102,135 | -€15,506 | -13.2% |
| Equity | 10/15 | €59,906 | €59,907 | +€1 | 0.0% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €59,406 | €59,407 | +€1 | 0.0% |
| Distributable reserves | 133 | €59,406 | €59,407 | +€1 | 0.0% |
| Amounts payable | 17/49 | €57,735 | €42,228 | -€15,507 | -26.9% |
| Amounts payable within one year | 42/48 | €57,735 | €42,228 | -€15,507 | -26.9% |
| Trade debts | 44 | €32,605 | €24,257 | -€8,348 | -25.6% |
| Suppliers | 440/4 | €32,605 | €24,257 | -€8,348 | -25.6% |
| Taxes, remuneration and social security | 45 | €16,299 | €11,981 | -€4,319 | -26.5% |
| Taxes | 450/3 | €16,299 | €9,959 | -€6,340 | -38.9% |
| Remuneration and social security | 454/9 | - | €2,021 | +€2,021 | |
| Other amounts payable | 47/48 | €8,830 | €5,990 | -€2,840 | -32.2% |
| Remuneration, social security and pensions | 62 | €2,556 | €8,605 | +€6,049 | +237% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,827 | €5,378 | +€2,551 | +90.2% |
| Other operating charges | 640/8 | €1,964 | €2,022 | +€58 | +3.0% |
| Gross operating margin | 9900 | €49,222 | €17,486 | -€31,736 | -64.5% |
| Operating profit (loss) | 9901 | €41,875 | €1,481 | -€40,393 | -96.5% |
| Financial charges | 65/66B | €1,096 | €259 | -€837 | -76.4% |
| Recurring financial charges | 65 | €1,096 | €259 | -€837 | -76.4% |
| Profit (loss) for the period before taxes | 9903 | €40,778 | €1,222 | -€39,556 | -97.0% |
| Income taxes | 67/77 | €8,727 | €1,222 | -€7,505 | -86.0% |
| Profit (loss) for the period | 9904 | €32,052 | €1 | -€32,051 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €32,052 | €1 | -€32,051 | -100.0% |
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 13 October 2026 via checked.be.