MDR BOUW: 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.
MDR BOUW
Largest movements
- Receivables within one year -€40,273
down €40,273 (-53.9%), from €74,755 to €34,481
of which Other amounts receivable: -€45,216
- Tangible fixed assets +€2,682
up €2,682 (+113%), from €2,367 to €5,049
of which Plant, machinery and equipment: +€1,973
- Cash +€2,054
up €2,054 (+4.5%), from €45,509 to €47,563
mainly Receivables within one year (+€40,273) and Net result for the year (+€12,634)
- Deferred charges and accrued income -€1,477
down €1,477 (-31.9%), from €4,626 to €3,149
- Reserves -€42,278
down €42,278 (-37.8%), from €111,836 to €69,558
of which Distributable reserves: -€41,389
- Trade debts +€2,905
up €2,905 (+103%), from €2,816 to €5,721
- Tax, wage and social debts +€1,358
up €1,358 (+16.5%), from €8,238 to €9,596
- Gross operating margin -€13,471
down €13,471 (-40.4%), from €33,309 to €19,838
- Taxes -€6,688
down €6,688 (-55.8%), from €11,987 to €5,299
- Financial income -€1,404
down €1,404 (-34.7%), from €4,050 to €2,647
- Other operating charges +€1,307
up €1,307 (+149%), from €877 to €2,184
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 | €129,090 | €91,076 | -€38,015 | -29.4% |
| Fixed assets | 21/28 | €4,200 | €5,882 | +€1,682 | +40.0% |
| Intangible fixed assets | 21 | €1,833 | €833 | -€1,000 | -54.5% |
| Tangible fixed assets | 22/27 | €2,367 | €5,049 | +€2,682 | +113% |
| Plant, machinery and equipment | 23 | €1,019 | €2,991 | +€1,973 | +194% |
| Furniture and vehicles | 24 | €1,348 | €1,098 | -€250 | -18.5% |
| Other tangible fixed assets | 26 | - | €959 | +€959 | |
| Current assets | 29/58 | €124,890 | €85,193 | -€39,696 | -31.8% |
| Amounts receivable within one year | 40/41 | €74,755 | €34,481 | -€40,273 | -53.9% |
| Trade receivables | 40 | €4,184 | €9,126 | +€4,942 | +118% |
| Other amounts receivable | 41 | €70,571 | €25,355 | -€45,216 | -64.1% |
| Cash at bank and in hand | 54/58 | €45,509 | €47,563 | +€2,054 | +4.5% |
| Deferred charges and accrued income | 490/1 | €4,626 | €3,149 | -€1,477 | -31.9% |
| Total equity and liabilities | 10/49 | €129,090 | €91,076 | -€38,015 | -29.4% |
| Equity | 10/15 | €118,036 | €75,758 | -€42,278 | -35.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €111,836 | €69,558 | -€42,278 | -37.8% |
| Non-distributable reserves | 130/1 | €889 | €0 | -€889 | -100% |
| Reserves not available under the articles | 1311 | €889 | €0 | -€889 | -100% |
| Distributable reserves | 133 | €110,947 | €69,558 | -€41,389 | -37.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €11,054 | €15,317 | +€4,264 | +38.6% |
| Amounts payable within one year | 42/48 | €11,054 | €15,317 | +€4,264 | +38.6% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €2,816 | €5,721 | +€2,905 | +103% |
| Suppliers | 440/4 | €2,816 | €5,721 | +€2,905 | +103% |
| Taxes, remuneration and social security | 45 | €8,238 | €9,596 | +€1,358 | +16.5% |
| Taxes | 450/3 | €8,238 | €9,596 | +€1,358 | +16.5% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,934 | €2,263 | +€329 | +17.0% |
| Other operating charges | 640/8 | €877 | €2,184 | +€1,307 | +149% |
| Gross operating margin | 9900 | €33,309 | €19,838 | -€13,471 | -40.4% |
| Operating profit (loss) | 9901 | €30,498 | €15,391 | -€15,107 | -49.5% |
| Financial income | 75/76B | €4,050 | €2,647 | -€1,404 | -34.7% |
| Recurring financial income | 75 | €4,050 | €2,647 | -€1,404 | -34.7% |
| Financial charges | 65/66B | €271 | €105 | -€166 | -61.4% |
| Recurring financial charges | 65 | €271 | €105 | -€166 | -61.4% |
| Profit (loss) for the period before taxes | 9903 | €34,278 | €17,933 | -€16,344 | -47.7% |
| Income taxes | 67/77 | €11,987 | €5,299 | -€6,688 | -55.8% |
| Profit (loss) for the period | 9904 | €22,290 | €12,634 | -€9,656 | -43.3% |
| Profit (loss) for the period to be appropriated | 9905 | €22,290 | €12,634 | -€9,656 | -43.3% |
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 27 October 2026 via checked.be.