MDO Technics Belgium: what changed
What changed
MDO Technics Belgium
NACE 33.200, Installation of industrial machinery and equipment
filed annual accounts (NBB)
Net result for the year
€593,296
2024 · €483,767+€109,530
Equity
€1.1m
2024 · €714,801+€353,296
Cash
€377,627
2024 · €290,896+€86,732
Balance sheet total
€4.3m
2024 · €2.7m+€1.6m
Largest movements
Assets
- Receivables within one year +€722,946
up €722,946 (+42.0%), from €1.7m to €2.4m
of which Trade receivables: +€740,677
- Tangible fixed assets +€408,882
up €408,882 (+845%), from €48,413 to €457,295
of which Leasing and similar rights: +€357,942
- Stocks and contracts +€350,491
up €350,491 (+70.9%), from €494,056 to €844,547
of which Stocks: +€311,991
- Deferred charges and accrued income +€92,332
up €92,332 (+433%), from €21,309 to €113,641
- Cash +€86,732
up €86,732 (+29.8%), from €290,896 to €377,627
mainly Trade debts (+€741,187) and Net result for the year (+€593,296)
Equity and liabilities
- Trade debts +€741,187
up €741,187 (+105%), from €707,986 to €1.4m
- Reserves +€353,296
up €353,296 (+50.8%), from €694,801 to €1.0m
- Debts after one year +€304,643
up €304,643 (+100%), from €303,820 to €608,463
of which Financial debts: +€363,769
- Current portion of long-term debt +€142,021
up €142,021 (+198%), from €71,570 to €213,591
- Short-term financial debts +€81,769
up €81,769 (+46.8%), from €174,568 to €256,337
Income statement
- Gross operating margin +€275,467
up €275,467 (+10.3%), from €2.7m to €2.9m
- Staff costs +€80,309
up €80,309 (+4.1%), from €1.9m to €2.0m
- Depreciation +€50,031
up €50,031 (+111%), from €45,034 to €95,065
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€483,767
Gross operating margin
+€275,467
Staff costs
-€80,309
Depreciation
-€50,031
Other operating charges
-€10,689
Other operating items
+€11,378
Financial income
+€3,082
Financial charges
-€12,614
Taxes
-€26,755
Result 2025
€593,296
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€281,245
Investment
-€482,947
Financing
+€288,433
Cash 2024
€290,896
From operations (derived)
+€281,245
Net result for the year
+€593,296
Depreciation
+€95,065
Stocks and contracts
-€350,491
Receivables within one year
-€722,946
Deferred charges and accrued income
-€92,332
Trade debts
+€741,187
Tax, wage and social debts
+€27,702
Advances received
-€12,600
Other debts
+€19
Accrued charges and deferred income
+€2,346
Investment (derived)
-€482,947
Investment in fixed assets (net)
-€482,947
Financing
+€288,433
Debts after one year
+€304,643
Current portion of long-term debt
+€142,021
Short-term financial debts
+€81,769
Contributions, distributions and other
-€240,000
Cash 2025
€377,627
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,695,144 | €4,335,527 | +€1.6m | +60.9% |
| Fixed assets | 21/28 | €169,082 | €556,963 | +€387,882 | +229% |
| Intangible fixed assets | 21 | €120,668 | €99,668 | -€21,000 | -17.4% |
| Tangible fixed assets | 22/27 | €48,413 | €457,295 | +€408,882 | +845% |
| Plant, machinery and equipment | 23 | €43,436 | €33,808 | -€9,628 | -22.2% |
| Furniture and vehicles | 24 | €4,977 | €65,545 | +€60,568 | +1,217% |
| Leasing and similar rights | 25 | - | €357,942 | +€357,942 | |
| Current assets | 29/58 | €2,526,063 | €3,778,564 | +€1.3m | +49.6% |
| Stocks and contracts in progress | 3 | €494,056 | €844,547 | +€350,491 | +70.9% |
| Stocks | 30/36 | €494,056 | €806,047 | +€311,991 | +63.1% |
| Contracts in progress | 37 | - | €38,500 | +€38,500 | |
| Amounts receivable within one year | 40/41 | €1,719,803 | €2,442,749 | +€722,946 | +42.0% |
| Trade receivables | 40 | €1,532,011 | €2,272,689 | +€740,677 | +48.3% |
| Other amounts receivable | 41 | €187,791 | €170,060 | -€17,731 | -9.4% |
| Cash at bank and in hand | 54/58 | €290,896 | €377,627 | +€86,732 | +29.8% |
| Deferred charges and accrued income | 490/1 | €21,309 | €113,641 | +€92,332 | +433% |
| Total equity and liabilities | 10/49 | €2,695,144 | €4,335,527 | +€1.6m | +60.9% |
| Equity | 10/15 | €714,801 | €1,068,098 | +€353,296 | +49.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €694,801 | €1,048,098 | +€353,296 | +50.8% |
| Distributable reserves | 133 | €694,801 | €1,048,098 | +€353,296 | +50.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,980,343 | €3,267,429 | +€1.3m | +65.0% |
| Amounts payable after more than one year | 17 | €303,820 | €608,463 | +€304,643 | +100% |
| Financial debts | 170/4 | €5,630 | €369,399 | +€363,769 | +6,461% |
| Other amounts payable | 178/9 | €298,189 | €239,063 | -€59,126 | -19.8% |
| Amounts payable within one year | 42/48 | €1,663,523 | €2,643,621 | +€980,098 | +58.9% |
| Current portion of amounts payable after more than one year | 42 | €71,570 | €213,591 | +€142,021 | +198% |
| Financial debts | 43 | €174,568 | €256,337 | +€81,769 | +46.8% |
| Credit institutions | 430/8 | €174,568 | €256,337 | +€81,769 | +46.8% |
| Trade debts | 44 | €707,986 | €1,449,173 | +€741,187 | +105% |
| Suppliers | 440/4 | €707,986 | €1,449,173 | +€741,187 | +105% |
| Advances received on contracts in progress | 46 | €12,600 | €0 | -€12,600 | -100% |
| Taxes, remuneration and social security | 45 | €456,173 | €483,875 | +€27,702 | +6.1% |
| Taxes | 450/3 | €224,322 | €219,124 | -€5,198 | -2.3% |
| Remuneration and social security | 454/9 | €231,851 | €264,751 | +€32,900 | +14.2% |
| Other amounts payable | 47/48 | €240,626 | €240,644 | +€19 | 0.0% |
| Accrued charges and deferred income | 492/3 | €13,000 | €15,346 | +€2,346 | +18.0% |
| Remuneration, social security and pensions | 62 | €1,944,319 | €2,024,628 | +€80,309 | +4.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,034 | €95,065 | +€50,031 | +111% |
| Other operating charges | 640/8 | €5,044 | €15,733 | +€10,689 | +212% |
| Non-recurring operating charges | 66A | €11,378 | €0 | -€11,378 | -100% |
| Gross operating margin | 9900 | €2,672,871 | €2,948,339 | +€275,467 | +10.3% |
| Operating profit (loss) | 9901 | €667,096 | €812,913 | +€145,816 | +21.9% |
| Financial income | 75/76B | €1,205 | €4,287 | +€3,082 | +256% |
| Recurring financial income | 75 | €1,205 | €4,287 | +€3,082 | +256% |
| Financial charges | 65/66B | €21,170 | €33,784 | +€12,614 | +59.6% |
| Recurring financial charges | 65 | €21,170 | €33,784 | +€12,614 | +59.6% |
| Profit (loss) for the period before taxes | 9903 | €647,131 | €783,416 | +€136,284 | +21.1% |
| Income taxes | 67/77 | €163,365 | €190,119 | +€26,755 | +16.4% |
| Profit (loss) for the period | 9904 | €483,767 | €593,296 | +€109,530 | +22.6% |
| Profit (loss) for the period to be appropriated | 9905 | €483,767 | €593,296 | +€109,530 | +22.6% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.