MDRO: 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.
MDRO
Largest movements
- Receivables within one year +€4,317
up €4,317 (+85.3%), from €5,059 to €9,376
- Deferred charges and accrued income +€1,201
up €1,201 (+9.6%), from €12,565 to €13,766
- Tangible fixed assets -€529
down €529 (-17.0%), from €3,108 to €2,579
of which Plant, machinery and equipment: -€339
- Other debts -€18,593
down €18,593 (-66.4%), from €27,989 to €9,396
- Reserves +€17,679
up €17,679 (+950.5%), from €1,860 to €19,539
of which Distributable reserves: +€17,679
- Tax, wage and social debts +€6,448
up €6,448 (+1122.9%), from €574 to €7,023
- Trade debts -€590
down €590 (-7.2%), from €8,180 to €7,589
- Depreciation -€6,830
down €6,830 (-76.9%), from €8,879 to €2,049
- Taxes +€3,877
up €3,877 (+120.5%), from €3,217 to €7,093
- Gross operating margin +€1,970
up €1,970 (+7.9%), from €24,813 to €26,782
- Financial income +€756
new in 2025: €756
of which Non-recurring financial income: +€605
- Financial charges -€623
down €623 (-46.5%), from €1,339 to €717
of which Non-recurring financial charges: -€572
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €20,732 | €25,721 | +€4,989 | +24.1% |
| Fixed assets | 21/28 | €3,108 | €2,579 | -€529 | -17.0% |
| Tangible fixed assets | 22/27 | €3,108 | €2,579 | -€529 | -17.0% |
| Plant, machinery and equipment | 23 | €1,690 | €1,350 | -€339 | -20.1% |
| Furniture and vehicles | 24 | €1,419 | €1,229 | -€190 | -13.4% |
| Current assets | 29/58 | €17,623 | €23,142 | +€5,518 | +31.3% |
| Amounts receivable within one year | 40/41 | €5,059 | €9,376 | +€4,317 | +85.3% |
| Trade receivables | 40 | €5,059 | €9,376 | +€4,317 | +85.3% |
| Deferred charges and accrued income | 490/1 | €12,565 | €13,766 | +€1,201 | +9.6% |
| Total equity and liabilities | 10/49 | €20,732 | €25,721 | +€4,989 | +24.1% |
| Equity | 10/15 | -€66,203 | -€48,524 | +€17,679 | +26.7% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €1,860 | €19,539 | +€17,679 | +950.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | - | €17,679 | +€17,679 | |
| Profit (loss) carried forward | 14 | -€80,563 | -€80,563 | = | 0.0% |
| Amounts payable | 17/49 | €86,934 | €74,244 | -€12,690 | -14.6% |
| Amounts payable within one year | 42/48 | €86,934 | €74,244 | -€12,690 | -14.6% |
| Current portion of amounts payable after more than one year | 42 | €49,789 | €49,789 | = | 0.0% |
| Financial debts | 43 | €402 | €448 | +€45 | +11.3% |
| Credit institutions | 430/8 | €402 | €448 | +€45 | +11.3% |
| Trade debts | 44 | €8,180 | €7,589 | -€590 | -7.2% |
| Suppliers | 440/4 | €8,180 | €7,589 | -€590 | -7.2% |
| Taxes, remuneration and social security | 45 | €574 | €7,023 | +€6,448 | +1122.9% |
| Taxes | 450/3 | €574 | €7,023 | +€6,448 | +1122.9% |
| Other amounts payable | 47/48 | €27,989 | €9,396 | -€18,593 | -66.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,879 | €2,049 | -€6,830 | -76.9% |
| Other operating charges | 640/8 | €221 | - | -€221 | |
| Gross operating margin | 9900 | €24,813 | €26,782 | +€1,970 | +7.9% |
| Operating profit (loss) | 9901 | €15,713 | €24,733 | +€9,020 | +57.4% |
| Financial income | 75/76B | - | €756 | +€756 | |
| Recurring financial income | 75 | - | €151 | +€151 | |
| Non-recurring financial income | 76B | - | €605 | +€605 | |
| Financial charges | 65/66B | €1,339 | €717 | -€623 | -46.5% |
| Recurring financial charges | 65 | €767 | €717 | -€51 | -6.6% |
| Non-recurring financial charges | 66B | €572 | - | -€572 | |
| Profit (loss) for the period before taxes | 9903 | €14,374 | €24,773 | +€10,399 | +72.3% |
| Income taxes | 67/77 | €3,217 | €7,093 | +€3,877 | +120.5% |
| Profit (loss) for the period | 9904 | €11,157 | €17,679 | +€6,522 | +58.5% |
| Profit (loss) for the period to be appropriated | 9905 | €11,157 | €17,679 | +€6,522 | +58.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.