MDR & Co: 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.
MDR & Co
Largest movements
- Receivables within one year -€10,655
down €10,655 (-38.6%), from €27,590 to €16,935
- Tangible fixed assets -€1,330
down €1,330 (-20.8%), from €6,401 to €5,071
of which Other tangible fixed assets: -€1,127
- Deferred charges and accrued income +€1,094
up €1,094 (+184.2%), from €594 to €1,687
- Intangible fixed assets -€1,028
down €1,028 (-100.0%), from €1,028 to €0
- Cash +€978
up €978 (+17.8%), from €5,506 to €6,485
mainly Receivables within one year (+€10,655) and Trade debts (+€4,339)
- Other debts -€17,503
down €17,503 (-27.5%), from €63,709 to €46,206
- Trade debts +€4,339
up €4,339 (+16.6%), from €26,167 to €30,506
- Profit (loss) carried forward +€1,555
up €1,555 (+3.3%), from -€46,944 to -€45,390
- Tax, wage and social debts +€1,269
up €1,269 (+74.4%), from €1,707 to €2,976
- Gross operating margin +€2,534
up €2,534 (+71.4%), from €3,548 to €6,081
- Depreciation -€781
down €781 (-24.9%), from €3,138 to €2,358
- Financial charges +€168
up €168 (+89.0%), from €188 to €356
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.
Cash bridge derived
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 | €50,838 | €40,497 | -€10,340 | -20.3% |
| Fixed assets | 21/28 | €7,429 | €5,071 | -€2,358 | -31.7% |
| Intangible fixed assets | 21 | €1,028 | €0 | -€1,028 | -100.0% |
| Tangible fixed assets | 22/27 | €6,401 | €5,071 | -€1,330 | -20.8% |
| Furniture and vehicles | 24 | €210 | €8 | -€203 | -96.4% |
| Other tangible fixed assets | 26 | €6,190 | €5,064 | -€1,127 | -18.2% |
| Current assets | 29/58 | €43,409 | €35,426 | -€7,983 | -18.4% |
| Stocks and contracts in progress | 3 | €9,719 | €10,319 | +€600 | +6.2% |
| Stocks | 30/36 | €9,719 | €10,319 | +€600 | +6.2% |
| Amounts receivable within one year | 40/41 | €27,590 | €16,935 | -€10,655 | -38.6% |
| Trade receivables | 40 | €27,590 | €16,935 | -€10,655 | -38.6% |
| Cash at bank and in hand | 54/58 | €5,506 | €6,485 | +€978 | +17.8% |
| Deferred charges and accrued income | 490/1 | €594 | €1,687 | +€1,094 | +184.2% |
| Total equity and liabilities | 10/49 | €50,838 | €40,497 | -€10,340 | -20.3% |
| Equity | 10/15 | -€40,744 | -€39,190 | +€1,555 | +3.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€46,944 | -€45,390 | +€1,555 | +3.3% |
| Amounts payable | 17/49 | €91,582 | €79,687 | -€11,895 | -13.0% |
| Amounts payable within one year | 42/48 | €91,582 | €79,687 | -€11,895 | -13.0% |
| Trade debts | 44 | €26,167 | €30,506 | +€4,339 | +16.6% |
| Suppliers | 440/4 | €26,167 | €30,506 | +€4,339 | +16.6% |
| Taxes, remuneration and social security | 45 | €1,707 | €2,976 | +€1,269 | +74.4% |
| Taxes | 450/3 | €1,707 | €2,976 | +€1,269 | +74.4% |
| Other amounts payable | 47/48 | €63,709 | €46,206 | -€17,503 | -27.5% |
| Non-recurring operating income | 76A | €5,130 | €0 | -€5,130 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,138 | €2,358 | -€781 | -24.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €0 | - | = | |
| Non-recurring operating charges | 66A | - | €1,813 | +€1,813 | |
| Gross operating margin | 9900 | €3,548 | €6,081 | +€2,534 | +71.4% |
| Operating profit (loss) | 9901 | €409 | €1,911 | +€1,502 | +367.2% |
| Financial charges | 65/66B | €188 | €356 | +€168 | +89.0% |
| Recurring financial charges | 65 | €188 | €356 | +€168 | +89.0% |
| Profit (loss) for the period before taxes | 9903 | €221 | €1,555 | +€1,334 | +604.8% |
| Profit (loss) for the period | 9904 | €221 | €1,555 | +€1,334 | +604.8% |
| Profit (loss) for the period to be appropriated | 9905 | €221 | €1,555 | +€1,334 | +604.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.