MDP Héritage: 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 Héritage
Largest movements
- Tangible fixed assets -€26,898
down €26,898 (-19.3%), from €139,261 to €112,362
of which Plant, machinery and equipment: -€20,300
- Cash -€17,794
down €17,794 (-14.4%), from €123,263 to €105,469
mainly Debts after one year (-€20,949) and Trade debts (-€17,074)
- Receivables within one year +€10,969
up €10,969 (+941%), from €1,166 to €12,135
- Debts after one year -€20,949
down €20,949 (-25.6%), from €81,730 to €60,781
- Trade debts -€17,074
down €17,074 (-87.0%), from €19,630 to €2,555
- Reserves +€15,255
up €15,255 (+16.6%), from €91,972 to €107,228
- Tax, wage and social debts -€9,978
down €9,978 (-24.8%), from €40,308 to €30,330
of which Remuneration and social security: -€13,275
- Gross operating margin -€73,900
down €73,900 (-31.6%), from €233,898 to €159,998
- Taxes -€13,529
down €13,529 (-77.1%), from €17,538 to €4,009
- Staff costs +€11,260
up €11,260 (+12.0%), from €93,862 to €105,122
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 | €266,103 | €234,180 | -€31,923 | -12.0% |
| Fixed assets | 21/28 | €139,347 | €112,449 | -€26,898 | -19.3% |
| Tangible fixed assets | 22/27 | €139,261 | €112,362 | -€26,898 | -19.3% |
| Plant, machinery and equipment | 23 | €119,456 | €99,156 | -€20,300 | -17.0% |
| Furniture and vehicles | 24 | €8,901 | €6,302 | -€2,599 | -29.2% |
| Leasing and similar rights | 25 | €10,904 | €6,904 | -€4,000 | -36.7% |
| Financial fixed assets | 28 | €86 | €86 | = | 0.0% |
| Current assets | 29/58 | €126,756 | €121,731 | -€5,025 | -4.0% |
| Stocks and contracts in progress | 3 | €2,327 | €3,128 | +€801 | +34.4% |
| Stocks | 30/36 | €2,327 | €3,128 | +€801 | +34.4% |
| Amounts receivable within one year | 40/41 | €1,166 | €12,135 | +€10,969 | +941% |
| Trade receivables | 40 | €1,166 | €12,135 | +€10,969 | +941% |
| Cash at bank and in hand | 54/58 | €123,263 | €105,469 | -€17,794 | -14.4% |
| Deferred charges and accrued income | 490/1 | - | €999 | +€999 | |
| Total equity and liabilities | 10/49 | €266,103 | €234,180 | -€31,923 | -12.0% |
| Equity | 10/15 | €101,972 | €117,228 | +€15,255 | +15.0% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €91,972 | €107,228 | +€15,255 | +16.6% |
| Distributable reserves | 133 | €91,972 | €107,228 | +€15,255 | +16.6% |
| Amounts payable | 17/49 | €164,131 | €116,952 | -€47,179 | -28.7% |
| Amounts payable after more than one year | 17 | €81,730 | €60,781 | -€20,949 | -25.6% |
| Financial debts | 170/4 | €81,730 | €60,781 | -€20,949 | -25.6% |
| Amounts payable within one year | 42/48 | €82,401 | €56,171 | -€26,230 | -31.8% |
| Current portion of amounts payable after more than one year | 42 | €22,463 | €23,286 | +€822 | +3.7% |
| Trade debts | 44 | €19,630 | €2,555 | -€17,074 | -87.0% |
| Suppliers | 440/4 | €19,630 | €2,555 | -€17,074 | -87.0% |
| Taxes, remuneration and social security | 45 | €40,308 | €30,330 | -€9,978 | -24.8% |
| Taxes | 450/3 | €20,603 | €23,900 | +€3,296 | +16.0% |
| Remuneration and social security | 454/9 | €19,705 | €6,430 | -€13,275 | -67.4% |
| Remuneration, social security and pensions | 62 | €93,862 | €105,122 | +€11,260 | +12.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,673 | €25,959 | +€286 | +1.1% |
| Other operating charges | 640/8 | €437 | €1,261 | +€823 | +188% |
| Gross operating margin | 9900 | €233,898 | €159,998 | -€73,900 | -31.6% |
| Operating profit (loss) | 9901 | €113,926 | €27,656 | -€86,270 | -75.7% |
| Financial income | 75/76B | - | €349 | +€349 | |
| Recurring financial income | 75 | - | €349 | +€349 | |
| Financial charges | 65/66B | €9,571 | €8,740 | -€831 | -8.7% |
| Recurring financial charges | 65 | €9,571 | €8,740 | -€831 | -8.7% |
| Profit (loss) for the period before taxes | 9903 | €104,355 | €19,264 | -€85,091 | -81.5% |
| Income taxes | 67/77 | €17,538 | €4,009 | -€13,529 | -77.1% |
| Profit (loss) for the period | 9904 | €86,817 | €15,255 | -€71,561 | -82.4% |
| Profit (loss) for the period to be appropriated | 9905 | €86,817 | €15,255 | -€71,561 | -82.4% |
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 15 October 2026 via checked.be.