MDP 93: 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.
MDP 93
Largest movements
- Receivables within one year -€55,195
down €55,195 (-58.2%), from €94,780 to €39,585
of which Trade receivables: -€62,557
- Cash +€6,997
up €6,997 (+22.9%), from €30,614 to €37,611
mainly Receivables within one year (+€55,195) and Tax, wage and social debts (+€16,876)
- Stocks and contracts +€5,571
up €5,571 (+38.1%), from €14,637 to €20,207
- Trade debts -€51,192
down €51,192 (-35.2%), from €145,378 to €94,186
- Tax, wage and social debts +€16,876
up €16,876 (+69.2%), from €24,393 to €41,269
of which Remuneration and social security: +€16,066
- Other debts -€5,300
down €5,300 (-8.0%), from €65,964 to €60,664
- Profit (loss) carried forward -€4,402
down €4,402 (-4.0%), from -€110,473 to -€114,876
- Staff costs +€5,743
up €5,743 (+1.6%), from €349,434 to €355,177
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 | €143,861 | €99,843 | -€44,018 | -30.6% |
| Fixed assets | 21/28 | €3,809 | €2,418 | -€1,391 | -36.5% |
| Tangible fixed assets | 22/27 | €3,809 | €2,418 | -€1,391 | -36.5% |
| Furniture and vehicles | 24 | €338 | €104 | -€234 | -69.3% |
| Other tangible fixed assets | 26 | €3,471 | €2,314 | -€1,157 | -33.3% |
| Current assets | 29/58 | €140,052 | €97,425 | -€42,627 | -30.4% |
| Stocks and contracts in progress | 3 | €14,637 | €20,207 | +€5,571 | +38.1% |
| Stocks | 30/36 | €14,637 | €20,207 | +€5,571 | +38.1% |
| Amounts receivable within one year | 40/41 | €94,780 | €39,585 | -€55,195 | -58.2% |
| Trade receivables | 40 | €93,392 | €30,835 | -€62,557 | -67.0% |
| Other amounts receivable | 41 | €1,388 | €8,750 | +€7,362 | +530.3% |
| Cash at bank and in hand | 54/58 | €30,614 | €37,611 | +€6,997 | +22.9% |
| Deferred charges and accrued income | 490/1 | €22 | €22 | = | 0.0% |
| Total equity and liabilities | 10/49 | €143,861 | €99,843 | -€44,018 | -30.6% |
| Equity | 10/15 | -€91,873 | -€96,276 | -€4,402 | -4.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€110,473 | -€114,876 | -€4,402 | -4.0% |
| Amounts payable | 17/49 | €235,734 | €196,119 | -€39,616 | -16.8% |
| Amounts payable within one year | 42/48 | €235,734 | €196,119 | -€39,616 | -16.8% |
| Trade debts | 44 | €145,378 | €94,186 | -€51,192 | -35.2% |
| Suppliers | 440/4 | €145,378 | €94,186 | -€51,192 | -35.2% |
| Taxes, remuneration and social security | 45 | €24,393 | €41,269 | +€16,876 | +69.2% |
| Taxes | 450/3 | €23,452 | €24,262 | +€811 | +3.5% |
| Remuneration and social security | 454/9 | €941 | €17,007 | +€16,066 | +1707.2% |
| Other amounts payable | 47/48 | €65,964 | €60,664 | -€5,300 | -8.0% |
| Remuneration, social security and pensions | 62 | €349,434 | €355,177 | +€5,743 | +1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,391 | €1,391 | = | 0.0% |
| Other operating charges | 640/8 | €919 | €907 | -€12 | -1.3% |
| Gross operating margin | 9900 | €355,037 | €354,055 | -€982 | -0.3% |
| Operating profit (loss) | 9901 | €3,294 | -€3,419 | -€6,713 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €826 | €983 | +€158 | +19.1% |
| Recurring financial charges | 65 | €826 | €983 | +€158 | +19.1% |
| Profit (loss) for the period before taxes | 9903 | €2,468 | -€4,402 | -€6,870 | |
| Profit (loss) for the period | 9904 | €2,468 | -€4,402 | -€6,870 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,468 | -€4,402 | -€6,870 |
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 2 October 2026 via checked.be.