MDP GROUP: 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 GROUP
Largest movements
- Receivables within one year +€90,512
up €90,512 (+156.1%), from €58,002 to €148,513
of which Trade receivables: +€71,805
- Tangible fixed assets -€8,294
down €8,294 (-32.9%), from €25,177 to €16,884
of which Furniture and vehicles: -€5,987
- Cash +€4,924
up €4,924 (+169.9%), from €2,898 to €7,822
mainly Trade debts (+€84,588) and Depreciation (+€9,434)
- Trade debts +€84,588
up €84,588 (+187.1%), from €45,201 to €129,789
- Other debts -€6,966
down €6,966 (-97.6%), from €7,139 to €173
- Short-term financial debts +€6,938
up €6,938 (+34.4%), from €20,141 to €27,080
of which Credit institutions: +€8,500
- Profit (loss) carried forward +€6,160
up €6,160 (+16.8%), from -€36,776 to -€30,616
- Debts after one year -€5,876
down €5,876 (-92.2%), from €6,376 to €500
- Staff costs -€9,792
no longer reported in 2024 (was €9,792)
- Write-downs +€4,662
up €4,662, from -€4,357 to €305
- Other operating charges -€2,341
down €2,341 (-46.2%), from €5,066 to €2,725
- Gross operating margin -€1,371
down €1,371 (-5.8%), from €23,506 to €22,136
- Depreciation -€610
down €610 (-6.1%), from €10,044 to €9,434
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €86,178 | €174,431 | +€88,252 | +102.4% |
| Fixed assets | 21/28 | €25,177 | €16,884 | -€8,294 | -32.9% |
| Tangible fixed assets | 22/27 | €25,177 | €16,884 | -€8,294 | -32.9% |
| Furniture and vehicles | 24 | €16,213 | €10,225 | -€5,987 | -36.9% |
| Other tangible fixed assets | 26 | €8,965 | €6,658 | -€2,307 | -25.7% |
| Current assets | 29/58 | €61,001 | €157,547 | +€96,546 | +158.3% |
| Amounts receivable within one year | 40/41 | €58,002 | €148,513 | +€90,512 | +156.1% |
| Trade receivables | 40 | €57,749 | €129,554 | +€71,805 | +124.3% |
| Other amounts receivable | 41 | €253 | €18,960 | +€18,706 | +7392.1% |
| Cash at bank and in hand | 54/58 | €2,898 | €7,822 | +€4,924 | +169.9% |
| Deferred charges and accrued income | 490/1 | €101 | €1,212 | +€1,111 | +1103.8% |
| Total equity and liabilities | 10/49 | €86,178 | €174,431 | +€88,252 | +102.4% |
| Equity | 10/15 | -€3,376 | €2,784 | +€6,160 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €14,800 | €14,800 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,900 | €1,900 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,900 | €1,900 | = | 0.0% |
| Tax-exempt reserves | 132 | €12,900 | €12,900 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€36,776 | -€30,616 | +€6,160 | +16.8% |
| Amounts payable | 17/49 | €89,554 | €171,646 | +€82,092 | +91.7% |
| Amounts payable after more than one year | 17 | €6,376 | €500 | -€5,876 | -92.2% |
| Financial debts | 170/4 | €6,376 | €500 | -€5,876 | -92.2% |
| Amounts payable within one year | 42/48 | €81,657 | €168,726 | +€87,069 | +106.6% |
| Current portion of amounts payable after more than one year | 42 | €5,645 | €5,876 | +€231 | +4.1% |
| Financial debts | 43 | €20,141 | €27,080 | +€6,938 | +34.4% |
| Credit institutions | 430/8 | €18,000 | €26,500 | +€8,500 | +47.2% |
| Other loans | 439 | €2,141 | €580 | -€1,562 | -72.9% |
| Trade debts | 44 | €45,201 | €129,789 | +€84,588 | +187.1% |
| Suppliers | 440/4 | €45,201 | €129,789 | +€84,588 | +187.1% |
| Taxes, remuneration and social security | 45 | €3,531 | €5,809 | +€2,278 | +64.5% |
| Taxes | 450/3 | €3,531 | €5,809 | +€2,278 | +64.5% |
| Other amounts payable | 47/48 | €7,139 | €173 | -€6,966 | -97.6% |
| Accrued charges and deferred income | 492/3 | €1,521 | €2,420 | +€898 | +59.1% |
| Non-recurring operating income | 76A | €10,500 | - | -€10,500 | |
| Remuneration, social security and pensions | 62 | €9,792 | - | -€9,792 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,044 | €9,434 | -€610 | -6.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€4,357 | €305 | +€4,662 | |
| Other operating charges | 640/8 | €5,066 | €2,725 | -€2,341 | -46.2% |
| Gross operating margin | 9900 | €23,506 | €22,136 | -€1,371 | -5.8% |
| Operating profit (loss) | 9901 | €2,961 | €9,672 | +€6,711 | +226.6% |
| Financial income | 75/76B | €65 | €0 | -€65 | -100.0% |
| Recurring financial income | 75 | €65 | €0 | -€65 | -100.0% |
| Financial charges | 65/66B | €2,894 | €3,372 | +€478 | +16.5% |
| Recurring financial charges | 65 | €2,894 | €3,372 | +€478 | +16.5% |
| Profit (loss) for the period before taxes | 9903 | €133 | €6,300 | +€6,167 | +4636.7% |
| Income taxes | 67/77 | €132 | €140 | +€8 | +6.1% |
| Profit (loss) for the period | 9904 | €1 | €6,160 | +€6,159 | +416138.5% |
| Profit (loss) for the period to be appropriated | 9905 | €1 | €6,160 | +€6,159 | +416138.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.