MDP HOLDING: 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 HOLDING
Largest movements
- Cash +€1.4m
up €1.4m (+303%), from €475,343 to €1.9m
mainly Other debts (+€2.2m) and Deferred charges and accrued income (+€37,618)
- Receivables within one year +€679,245
up €679,245 (+49.3%), from €1.4m to €2.1m
of which Other amounts receivable: +€448,318
- Other debts +€2.2m
up €2.2m (+178,877%), from €1,210 to €2.2m
- Gross operating margin -€119,182
down €119,182, from €40,586 to -€78,596
- Financial charges -€113,302
down €113,302 (-48.7%), from €232,489 to €119,187
- Financial income -€16,024
down €16,024 (-7.6%), from €210,890 to €194,866
- Staff costs -€15,756
down €15,756 (-100%), from €15,756 to €0
- Depreciation -€12,371
down €12,371 (-26.8%), from €46,107 to €33,736
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 | €19,337,281 | €21,398,986 | +€2.1m | +10.7% |
| Fixed assets | 21/28 | €17,232,934 | €17,202,017 | -€30,916 | -0.2% |
| Tangible fixed assets | 22/27 | €148,389 | €117,473 | -€30,916 | -20.8% |
| Plant, machinery and equipment | 23 | €784 | €2,631 | +€1,846 | +235% |
| Furniture and vehicles | 24 | €131,051 | €98,289 | -€32,763 | -25.0% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Other tangible fixed assets | 26 | €16,554 | €16,554 | = | 0.0% |
| Financial fixed assets | 28 | €17,084,544 | €17,084,544 | = | 0.0% |
| Current assets | 29/58 | €2,104,348 | €4,196,969 | +€2.1m | +99.4% |
| Amounts receivable after more than one year | 29 | €166,563 | €176,885 | +€10,322 | +6.2% |
| Other amounts receivable | 291 | €166,563 | €176,885 | +€10,322 | +6.2% |
| Amounts receivable within one year | 40/41 | €1,378,066 | €2,057,311 | +€679,245 | +49.3% |
| Trade receivables | 40 | €141,073 | €372,000 | +€230,927 | +164% |
| Other amounts receivable | 41 | €1,236,993 | €1,685,311 | +€448,318 | +36.2% |
| Cash at bank and in hand | 54/58 | €475,343 | €1,916,015 | +€1.4m | +303% |
| Deferred charges and accrued income | 490/1 | €84,376 | €46,758 | -€37,618 | -44.6% |
| Total equity and liabilities | 10/49 | €19,337,281 | €21,398,986 | +€2.1m | +10.7% |
| Equity | 10/15 | €15,037,977 | €14,998,423 | -€39,555 | -0.3% |
| Contributions | 10/11 | €14,709,900 | €14,709,900 | = | 0.0% |
| Reserves | 13 | €328,077 | €288,522 | -€39,555 | -12.1% |
| Distributable reserves | 133 | €328,077 | €288,522 | -€39,555 | -12.1% |
| Amounts payable | 17/49 | €4,299,304 | €6,400,563 | +€2.1m | +48.9% |
| Amounts payable after more than one year | 17 | €4,197,299 | €4,138,749 | -€58,550 | -1.4% |
| Financial debts | 170/4 | €4,197,299 | €4,138,749 | -€58,550 | -1.4% |
| Amounts payable within one year | 42/48 | €89,188 | €2,261,277 | +€2.2m | +2,435% |
| Current portion of amounts payable after more than one year | 42 | €63,392 | €63,388 | -€4 | 0.0% |
| Trade debts | 44 | €23,643 | €7,705 | -€15,938 | -67.4% |
| Suppliers | 440/4 | €23,643 | €7,705 | -€15,938 | -67.4% |
| Taxes, remuneration and social security | 45 | €943 | €24,865 | +€23,922 | +2,537% |
| Taxes | 450/3 | €773 | €24,865 | +€24,093 | +3,118% |
| Remuneration and social security | 454/9 | €170 | €0 | -€170 | -100% |
| Other amounts payable | 47/48 | €1,210 | €2,165,319 | +€2.2m | +178,877% |
| Accrued charges and deferred income | 492/3 | €12,817 | €537 | -€12,280 | -95.8% |
| Remuneration, social security and pensions | 62 | €15,756 | €0 | -€15,756 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,107 | €33,736 | -€12,371 | -26.8% |
| Other operating charges | 640/8 | €6,978 | €2,390 | -€4,588 | -65.8% |
| Gross operating margin | 9900 | €40,586 | -€78,596 | -€119,182 | |
| Operating profit (loss) | 9901 | -€28,255 | -€114,722 | -€86,467 | -306% |
| Financial income | 75/76B | €210,890 | €194,866 | -€16,024 | -7.6% |
| Recurring financial income | 75 | €210,890 | €194,866 | -€16,024 | -7.6% |
| Financial charges | 65/66B | €232,489 | €119,187 | -€113,302 | -48.7% |
| Recurring financial charges | 65 | €232,489 | €119,187 | -€113,302 | -48.7% |
| Profit (loss) for the period before taxes | 9903 | -€49,854 | -€39,043 | +€10,811 | +21.7% |
| Income taxes | 67/77 | €1,243 | €512 | -€731 | -58.8% |
| Profit (loss) for the period | 9904 | -€51,097 | -€39,555 | +€11,542 | +22.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€51,097 | -€39,555 | +€11,542 | +22.6% |
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 18 October 2026 via checked.be.