MDR GROUP: 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 GROUP
Largest movements
- Receivables within one year -€113,647
down €113,647 (-97.7%), from €116,364 to €2,716
of which Other amounts receivable: -€113,647
- Debts after one year -€504,419
down €504,419 (-10.0%), from €5.0m to €4.5m
- Other debts +€367,788
up €367,788, from €0 to €367,788
- Financial income -€2.5m
down €2.5m (-100.0%), from €2.5m to €160
- Gross operating margin -€7,213
down €7,213 (-4.2%), from €173,714 to €166,501
- Financial charges -€5,204
down €5,204 (-4.5%), from €116,174 to €110,969
- Other operating charges -€2,260
down €2,260 (-68.1%), from €3,320 to €1,060
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 | €10,953,026 | €10,858,724 | -€94,302 | -0.9% |
| Fixed assets | 21/28 | €10,750,000 | €10,750,000 | = | 0.0% |
| Financial fixed assets | 28 | €10,750,000 | €10,750,000 | = | 0.0% |
| Current assets | 29/58 | €203,026 | €108,724 | -€94,302 | -46.4% |
| Amounts receivable within one year | 40/41 | €116,364 | €2,716 | -€113,647 | -97.7% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €116,364 | €2,716 | -€113,647 | -97.7% |
| Cash at bank and in hand | 54/58 | €86,663 | €106,007 | +€19,345 | +22.3% |
| Total equity and liabilities | 10/49 | €10,953,026 | €10,858,724 | -€94,302 | -0.9% |
| Equity | 10/15 | €5,386,733 | €5,427,708 | +€40,974 | +0.8% |
| Contributions | 10/11 | €4,000,000 | €4,000,000 | = | 0.0% |
| Capital | 10 | €4,000,000 | €4,000,000 | = | 0.0% |
| Issued capital | 100 | €4,000,000 | €4,000,000 | = | 0.0% |
| Reserves | 13 | €1,385,837 | €1,426,885 | +€41,049 | +3.0% |
| Non-distributable reserves | 130/1 | €131,837 | €133,885 | +€2,049 | +1.6% |
| Legal reserve | 130 | €131,837 | €133,885 | +€2,049 | +1.6% |
| Distributable reserves | 133 | €1,254,000 | €1,293,000 | +€39,000 | +3.1% |
| Profit (loss) carried forward | 14 | €897 | €822 | -€74 | -8.3% |
| Amounts payable | 17/49 | €5,566,293 | €5,431,016 | -€135,277 | -2.4% |
| Amounts payable after more than one year | 17 | €5,026,917 | €4,522,498 | -€504,419 | -10.0% |
| Financial debts | 170/4 | €5,026,917 | €4,522,498 | -€504,419 | -10.0% |
| Amounts payable within one year | 42/48 | €500,815 | €872,595 | +€371,780 | +74.2% |
| Current portion of amounts payable after more than one year | 42 | €499,920 | €504,419 | +€4,499 | +0.9% |
| Trade debts | 44 | €895 | €389 | -€507 | -56.6% |
| Suppliers | 440/4 | €895 | €389 | -€507 | -56.6% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €0 | €367,788 | +€367,788 | |
| Accrued charges and deferred income | 492/3 | €38,561 | €35,923 | -€2,638 | -6.8% |
| Other operating charges | 640/8 | €3,320 | €1,060 | -€2,260 | -68.1% |
| Gross operating margin | 9900 | €173,714 | €166,501 | -€7,213 | -4.2% |
| Operating profit (loss) | 9901 | €170,395 | €165,441 | -€4,953 | -2.9% |
| Financial income | 75/76B | €2,500,271 | €160 | -€2.5m | -100.0% |
| Recurring financial income | 75 | €2,500,271 | €160 | -€2.5m | -100.0% |
| Financial charges | 65/66B | €116,174 | €110,969 | -€5,204 | -4.5% |
| Recurring financial charges | 65 | €116,174 | €110,969 | -€5,204 | -4.5% |
| Profit (loss) for the period before taxes | 9903 | €2,554,492 | €54,632 | -€2.5m | -97.9% |
| Income taxes | 67/77 | €13,626 | €13,658 | +€33 | +0.2% |
| Profit (loss) for the period | 9904 | €2,540,867 | €40,974 | -€2.5m | -98.4% |
| Profit (loss) for the period to be appropriated | 9905 | €2,540,867 | €40,974 | -€2.5m | -98.4% |
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 20 October 2026 via checked.be.