MDO IMMO: 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.
MDO IMMO
Largest movements
- Cash +€2,499
up €2,499 (+28.0%), from €8,923 to €11,422
mainly Depreciation (+€8,374) and Net result for the year (+€2,783)
- Profit (loss) carried forward +€2,783
up €2,783 (+34.4%), from -€8,078 to -€5,296
- Gross operating margin +€8,921
up €8,921 (+218.6%), from €4,081 to €13,002
- Depreciation -€2,295
down €2,295 (-21.5%), from €10,670 to €8,374
- Other operating charges +€239
up €239 (+17.6%), from €1,363 to €1,602
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 | €182,341 | €184,739 | +€2,398 | +1.3% |
| Fixed assets | 21/28 | €173,418 | €173,318 | -€100 | -0.1% |
| Tangible fixed assets | 22/27 | €173,418 | €173,318 | -€100 | -0.1% |
| Land and buildings | 22 | €173,418 | €173,318 | -€100 | -0.1% |
| Current assets | 29/58 | €8,923 | €11,422 | +€2,499 | +28.0% |
| Cash at bank and in hand | 54/58 | €8,923 | €11,422 | +€2,499 | +28.0% |
| Total equity and liabilities | 10/49 | €182,341 | €184,739 | +€2,398 | +1.3% |
| Equity | 10/15 | €9,922 | €12,704 | +€2,783 | +28.0% |
| Contributions | 10/11 | €18,000 | €18,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,078 | -€5,296 | +€2,783 | +34.4% |
| Amounts payable | 17/49 | €172,419 | €172,035 | -€384 | -0.2% |
| Amounts payable within one year | 42/48 | €172,069 | €172,035 | -€34 | 0.0% |
| Current portion of amounts payable after more than one year | 42 | €2,300 | €3,225 | +€925 | +40.2% |
| Trade debts | 44 | €966 | €8 | -€958 | -99.2% |
| Suppliers | 440/4 | €966 | €8 | -€958 | -99.2% |
| Other amounts payable | 47/48 | €168,803 | €168,802 | -€1 | 0.0% |
| Accrued charges and deferred income | 492/3 | €350 | - | -€350 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,670 | €8,374 | -€2,295 | -21.5% |
| Other operating charges | 640/8 | €1,363 | €1,602 | +€239 | +17.6% |
| Gross operating margin | 9900 | €4,081 | €13,002 | +€8,921 | +218.6% |
| Operating profit (loss) | 9901 | -€7,952 | €3,026 | +€10,977 | |
| Financial charges | 65/66B | €127 | €243 | +€116 | +91.5% |
| Recurring financial charges | 65 | €127 | €243 | +€116 | +91.5% |
| Profit (loss) for the period before taxes | 9903 | -€8,078 | €2,783 | +€10,861 | |
| Profit (loss) for the period | 9904 | -€8,078 | €2,783 | +€10,861 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,078 | €2,783 | +€10,861 |
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 6 October 2026 via checked.be.