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
- Cash -€23,746
down €23,746 (-49.7%), from €47,818 to €24,072
mainly Other debts (-€56,714) and Investment in fixed assets (net) (-€2,611)
- Tangible fixed assets -€9,693
down €9,693 (-18.3%), from €53,052 to €43,359
of which Furniture and vehicles: -€8,735
- Receivables within one year +€1,490
up €1,490 (+9.7%), from €15,364 to €16,854
of which Other amounts receivable: +€1,490
- Other debts -€56,714
down €56,714 (-78.6%), from €72,161 to €15,447
- Reserves +€23,288
up €23,288 (+161.5%), from €14,420 to €37,708
- Trade debts +€3,364
up €3,364 (+109.2%), from €3,081 to €6,445
- Debts after one year -€1,589
down €1,589 (-49.8%), from €3,193 to €1,605
- Gross operating margin -€18,145
down €18,145 (-26.9%), from €67,329 to €49,184
- Taxes -€4,763
down €4,763 (-29.5%), from €16,149 to €11,386
- Depreciation +€3,435
up €3,435 (+38.7%), from €8,870 to €12,305
- Other operating charges -€1,219
down €1,219 (-65.6%), from €1,857 to €639
- Financial income -€690
down €690 (-99.3%), from €695 to €5
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 | €121,979 | €90,030 | -€31,949 | -26.2% |
| Fixed assets | 21/28 | €58,797 | €49,104 | -€9,693 | -16.5% |
| Tangible fixed assets | 22/27 | €53,052 | €43,359 | -€9,693 | -18.3% |
| Furniture and vehicles | 24 | €45,271 | €36,537 | -€8,735 | -19.3% |
| Other tangible fixed assets | 26 | €7,781 | €6,822 | -€959 | -12.3% |
| Financial fixed assets | 28 | €5,745 | €5,745 | = | 0.0% |
| Current assets | 29/58 | €63,182 | €40,926 | -€22,256 | -35.2% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €15,364 | €16,854 | +€1,490 | +9.7% |
| Trade receivables | 40 | €13,371 | €13,371 | = | 0.0% |
| Other amounts receivable | 41 | €1,994 | €3,483 | +€1,490 | +74.7% |
| Cash at bank and in hand | 54/58 | €47,818 | €24,072 | -€23,746 | -49.7% |
| Total equity and liabilities | 10/49 | €121,979 | €90,030 | -€31,949 | -26.2% |
| Equity | 10/15 | €33,020 | €56,308 | +€23,288 | +70.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €14,420 | €37,708 | +€23,288 | +161.5% |
| Distributable reserves | 133 | €14,420 | €37,708 | +€23,288 | +161.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €88,959 | €33,722 | -€55,237 | -62.1% |
| Amounts payable after more than one year | 17 | €3,193 | €1,605 | -€1,589 | -49.8% |
| Financial debts | 170/4 | €3,193 | €1,605 | -€1,589 | -49.8% |
| Amounts payable within one year | 42/48 | €84,786 | €30,761 | -€54,025 | -63.7% |
| Current portion of amounts payable after more than one year | 42 | €1,573 | €1,589 | +€16 | +1.0% |
| Trade debts | 44 | €3,081 | €6,445 | +€3,364 | +109.2% |
| Suppliers | 440/4 | €3,081 | €6,445 | +€3,364 | +109.2% |
| Taxes, remuneration and social security | 45 | €7,971 | €7,280 | -€691 | -8.7% |
| Taxes | 450/3 | €7,971 | €7,280 | -€691 | -8.7% |
| Other amounts payable | 47/48 | €72,161 | €15,447 | -€56,714 | -78.6% |
| Accrued charges and deferred income | 492/3 | €979 | €1,357 | +€377 | +38.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,870 | €12,305 | +€3,435 | +38.7% |
| Other operating charges | 640/8 | €1,857 | €639 | -€1,219 | -65.6% |
| Gross operating margin | 9900 | €67,329 | €49,184 | -€18,145 | -26.9% |
| Operating profit (loss) | 9901 | €56,601 | €36,240 | -€20,361 | -36.0% |
| Financial income | 75/76B | €695 | €5 | -€690 | -99.3% |
| Recurring financial income | 75 | €695 | €5 | -€690 | -99.3% |
| Financial charges | 65/66B | €1,748 | €1,571 | -€177 | -10.1% |
| Recurring financial charges | 65 | €1,748 | €1,571 | -€177 | -10.1% |
| Profit (loss) for the period before taxes | 9903 | €55,548 | €34,674 | -€20,875 | -37.6% |
| Income taxes | 67/77 | €16,149 | €11,386 | -€4,763 | -29.5% |
| Profit (loss) for the period | 9904 | €39,399 | €23,288 | -€16,111 | -40.9% |
| Profit (loss) for the period to be appropriated | 9905 | €39,399 | €23,288 | -€16,111 | -40.9% |
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 11 October 2026 via checked.be.