MDP GROUP: what changed
What changed
MDP GROUP
NACE 43.211, General electrical installation work
not consecutivefiled annual accounts (NBB)
Net result for the year
€537,054
2024 · €649,977-€112,923
Equity
€2.3m
2024 · €1.8m+€537,054
Cash
€42,525
2024 · €556,537-€514,012
Balance sheet total
€3.0m
2024 · €2.4m+€649,850
Largest movements
Assets
- Receivables within one year +€1.1m
up €1.1m (+101%), from €1.0m to €2.1m
of which Other amounts receivable: +€1.0m
- Cash -€514,012
down €514,012 (-92.4%), from €556,537 to €42,525
- Tangible fixed assets +€75,832
up €75,832 (+63.5%), from €119,470 to €195,302
of which Other tangible fixed assets: +€77,398
Equity and liabilities
- Reserves +€537,054
up €537,054 (+36.3%), from €1.5m to €2.0m
of which Distributable reserves: +€991,692
- Trade debts +€290,947
up €290,947 (+709%), from €41,014 to €331,961
- Other debts -€150,000
down €150,000 (-100%), from €150,000 to €0
- Debts after one year -€79,720
down €79,720 (-100%), from €79,720 to €0
of which Other amounts payable: -€71,221
- Tax, wage and social debts +€38,570
up €38,570 (+16.3%), from €236,267 to €274,838
of which Taxes: +€20,503
Income statement
- Staff costs +€519,045
up €519,045 (+55.2%), from €940,213 to €1.5m
- Gross operating margin +€516,499
up €516,499 (+29.8%), from €1.7m to €2.3m
- Financial income -€64,110
down €64,110 (-53.7%), from €119,487 to €55,378
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
€649,977
Gross operating margin
+€516,499
Staff costs
-€519,045
Depreciation
-€8,537
Write-downs
-€9,118
Other operating charges
-€15,796
Other operating items
-€250
Financial income
-€64,110
Financial charges
-€9,273
Taxes
-€3,292
Result 2025
€537,054
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
A cash bridge needs two consecutive financial years. One year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,352,924 | €3,002,774 | +€649,850 | +27.6% |
| Fixed assets | 21/28 | €132,100 | €207,723 | +€75,624 | +57.2% |
| Intangible fixed assets | 21 | €12,500 | €12,292 | -€208 | -1.7% |
| Tangible fixed assets | 22/27 | €119,470 | €195,302 | +€75,832 | +63.5% |
| Land and buildings | 22 | €763 | €362 | -€401 | -52.6% |
| Plant, machinery and equipment | 23 | €152 | €0 | -€152 | -100% |
| Furniture and vehicles | 24 | €118,555 | €117,542 | -€1,013 | -0.9% |
| Other tangible fixed assets | 26 | - | €77,398 | +€77,398 | |
| Financial fixed assets | 28 | €130 | €130 | = | 0.0% |
| Current assets | 29/58 | €2,220,825 | €2,795,051 | +€574,226 | +25.9% |
| Stocks and contracts in progress | 3 | €606,724 | €626,364 | +€19,640 | +3.2% |
| Stocks | 30/36 | €606,724 | €626,364 | +€19,640 | +3.2% |
| Amounts receivable within one year | 40/41 | €1,041,448 | €2,098,399 | +€1.1m | +101% |
| Trade receivables | 40 | €586,872 | €596,091 | +€9,220 | +1.6% |
| Other amounts receivable | 41 | €454,577 | €1,502,308 | +€1.0m | +230% |
| Cash at bank and in hand | 54/58 | €556,537 | €42,525 | -€514,012 | -92.4% |
| Deferred charges and accrued income | 490/1 | €16,115 | €27,762 | +€11,647 | +72.3% |
| Total equity and liabilities | 10/49 | €2,352,924 | €3,002,774 | +€649,850 | +27.6% |
| Equity | 10/15 | €1,811,252 | €2,348,306 | +€537,054 | +29.7% |
| Contributions | 10/11 | €333,374 | €333,374 | = | 0.0% |
| Capital | 10 | €333,374 | €333,374 | = | 0.0% |
| Issued capital | 100 | €333,374 | €333,374 | = | 0.0% |
| Reserves | 13 | €1,477,877 | €2,014,932 | +€537,054 | +36.3% |
| Non-distributable reserves | 130/1 | €487,975 | €33,337 | -€454,638 | -93.2% |
| Legal reserve | 130 | €38,044 | €33,337 | -€4,707 | -12.4% |
| Other | 1319 | €449,931 | €0 | -€449,931 | -100% |
| Tax-exempt reserves | 132 | €35,979 | €35,979 | = | 0.0% |
| Distributable reserves | 133 | €953,923 | €1,945,615 | +€991,692 | +104% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €541,673 | €654,468 | +€112,795 | +20.8% |
| Amounts payable after more than one year | 17 | €79,720 | €0 | -€79,720 | -100% |
| Financial debts | 170/4 | €8,499 | €0 | -€8,499 | -100% |
| Other amounts payable | 178/9 | €71,221 | €0 | -€71,221 | -100% |
| Amounts payable within one year | 42/48 | €441,064 | €614,468 | +€173,404 | +39.3% |
| Current portion of amounts payable after more than one year | 42 | €11,333 | €5,666 | -€5,668 | -50.0% |
| Trade debts | 44 | €41,014 | €331,961 | +€290,947 | +709% |
| Suppliers | 440/4 | €41,014 | €331,961 | +€290,947 | +709% |
| Advances received on contracts in progress | 46 | €2,449 | €2,004 | -€445 | -18.2% |
| Taxes, remuneration and social security | 45 | €236,267 | €274,838 | +€38,570 | +16.3% |
| Taxes | 450/3 | €118,504 | €139,007 | +€20,503 | +17.3% |
| Remuneration and social security | 454/9 | €117,763 | €135,830 | +€18,067 | +15.3% |
| Other amounts payable | 47/48 | €150,000 | €0 | -€150,000 | -100% |
| Accrued charges and deferred income | 492/3 | €20,888 | €40,000 | +€19,112 | +91.5% |
| Remuneration, social security and pensions | 62 | €940,213 | €1,459,258 | +€519,045 | +55.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €64,590 | €73,127 | +€8,537 | +13.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €9,118 | +€9,118 | |
| Other operating charges | 640/8 | €7,908 | €23,704 | +€15,796 | +200% |
| Non-recurring operating charges | 66A | - | €250 | +€250 | |
| Gross operating margin | 9900 | €1,734,337 | €2,250,837 | +€516,499 | +29.8% |
| Operating profit (loss) | 9901 | €721,627 | €685,379 | -€36,248 | -5.0% |
| Financial income | 75/76B | €119,487 | €55,378 | -€64,110 | -53.7% |
| Recurring financial income | 75 | €119,487 | €55,378 | -€64,110 | -53.7% |
| Financial charges | 65/66B | €3,066 | €12,339 | +€9,273 | +302% |
| Recurring financial charges | 65 | €3,066 | €12,339 | +€9,273 | +302% |
| Profit (loss) for the period before taxes | 9903 | €838,049 | €728,418 | -€109,631 | -13.1% |
| Income taxes | 67/77 | €188,071 | €191,363 | +€3,292 | +1.8% |
| Profit (loss) for the period | 9904 | €649,977 | €537,054 | -€112,923 | -17.4% |
| Transfer from tax-exempt reserves | 789 | €239,386 | €0 | -€239,386 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €889,364 | €537,054 | -€352,309 | -39.6% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.