MDP: 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.
MDP
Largest movements
- Receivables within one year +€10,316
up €10,316 (+18.7%), from €55,215 to €65,531
of which Other amounts receivable: +€10,274
- Tangible fixed assets -€5,041
down €5,041 (-26.3%), from €19,198 to €14,157
- Cash +€1,620
up €1,620 (+434%), from €373 to €1,993
mainly Net result for the year (+€12,018) and Depreciation (+€5,041)
- Reserves +€12,000
up €12,000 (+39.0%), from €30,800 to €42,800
of which Distributable reserves: +€12,000
- Tax, wage and social debts -€3,438
down €3,438 (-44.8%), from €7,666 to €4,228
- Debts after one year -€2,424
down €2,424 (-32.4%), from €7,482 to €5,058
- Other debts +€833
new in 2025: €833
- Gross operating margin +€5,688
up €5,688 (+41.2%), from €13,794 to €19,482
- Taxes +€1,566
up €1,566 (+53.3%), from €2,939 to €4,505
- Financial income +€252
up €252 (+9.0%), from €2,808 to €3,060
- Other operating charges -€206
down €206 (-35.7%), from €578 to €372
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 | €75,910 | €82,765 | +€6,855 | +9.0% |
| Fixed assets | 21/28 | €19,198 | €14,157 | -€5,041 | -26.3% |
| Tangible fixed assets | 22/27 | €19,198 | €14,157 | -€5,041 | -26.3% |
| Furniture and vehicles | 24 | €19,198 | €14,157 | -€5,041 | -26.3% |
| Current assets | 29/58 | €56,711 | €68,608 | +€11,896 | +21.0% |
| Amounts receivable within one year | 40/41 | €55,215 | €65,531 | +€10,316 | +18.7% |
| Trade receivables | 40 | €391 | €433 | +€42 | +10.8% |
| Other amounts receivable | 41 | €54,824 | €65,098 | +€10,274 | +18.7% |
| Cash at bank and in hand | 54/58 | €373 | €1,993 | +€1,620 | +434% |
| Deferred charges and accrued income | 490/1 | €1,123 | €1,084 | -€39 | -3.5% |
| Total equity and liabilities | 10/49 | €75,910 | €82,765 | +€6,855 | +9.0% |
| Equity | 10/15 | €55,781 | €66,967 | +€11,185 | +20.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €30,800 | €42,800 | +€12,000 | +39.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €28,940 | €40,940 | +€12,000 | +41.5% |
| Profit (loss) carried forward | 14 | €6,381 | €5,567 | -€815 | -12.8% |
| Amounts payable | 17/49 | €20,128 | €15,798 | -€4,330 | -21.5% |
| Amounts payable after more than one year | 17 | €7,482 | €5,058 | -€2,424 | -32.4% |
| Financial debts | 170/4 | €7,482 | €5,058 | -€2,424 | -32.4% |
| Amounts payable within one year | 42/48 | €12,646 | €10,740 | -€1,907 | -15.1% |
| Current portion of amounts payable after more than one year | 42 | €2,101 | €2,227 | +€126 | +6.0% |
| Trade debts | 44 | €2,879 | €3,451 | +€572 | +19.9% |
| Suppliers | 440/4 | €2,879 | €3,451 | +€572 | +19.9% |
| Taxes, remuneration and social security | 45 | €7,666 | €4,228 | -€3,438 | -44.8% |
| Taxes | 450/3 | €7,666 | €4,228 | -€3,438 | -44.8% |
| Other amounts payable | 47/48 | - | €833 | +€833 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,041 | €5,041 | = | 0.0% |
| Other operating charges | 640/8 | €578 | €372 | -€206 | -35.7% |
| Gross operating margin | 9900 | €13,794 | €19,482 | +€5,688 | +41.2% |
| Operating profit (loss) | 9901 | €8,174 | €14,068 | +€5,894 | +72.1% |
| Financial income | 75/76B | €2,808 | €3,060 | +€252 | +9.0% |
| Recurring financial income | 75 | €2,808 | €3,060 | +€252 | +9.0% |
| Financial charges | 65/66B | €695 | €606 | -€89 | -12.8% |
| Recurring financial charges | 65 | €695 | €606 | -€89 | -12.8% |
| Profit (loss) for the period before taxes | 9903 | €10,287 | €16,523 | +€6,236 | +60.6% |
| Income taxes | 67/77 | €2,939 | €4,505 | +€1,566 | +53.3% |
| Profit (loss) for the period | 9904 | €7,348 | €12,018 | +€4,670 | +63.6% |
| Profit (loss) for the period to be appropriated | 9905 | €7,348 | €12,018 | +€4,670 | +63.6% |
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 20 October 2026 via checked.be.