MDS: 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.
What changed
MDS
NACE 47.300, Retail sale of automotive fuel
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€25,771
2023 · -€92,487+€118,258
Equity
€344,538
2023 · €336,875+€7,663
Cash
€302,298
2023 · €170,249+€132,049
Balance sheet total
€1.0m
2023 · €861,117+€181,542
Largest movements
Assets
- Cash +€132,049
up €132,049 (+77.6%), from €170,249 to €302,298
mainly Trade debts (+€191,278) and Depreciation (+€50,763)
- Receivables within one year +€107,963
up €107,963 (+172.3%), from €62,646 to €170,609
of which Other amounts receivable: +€89,576
- Tangible fixed assets -€43,795
down €43,795 (-14.1%), from €310,095 to €266,300
of which Furniture and vehicles: -€29,239
- Stocks and contracts -€20,552
down €20,552 (-12.6%), from €163,080 to €142,528
Equity and liabilities
- Trade debts +€191,278
up €191,278 (+56.0%), from €341,313 to €532,592
- Debts after one year -€23,905
down €23,905 (-34.2%), from €69,814 to €45,908
- Other debts +€18,933
up €18,933 (+7359.9%), from €257 to €19,191
- Tax, wage and social debts -€11,966
down €11,966 (-13.8%), from €86,941 to €74,974
of which Taxes: -€9,919
Income statement
- Gross operating margin +€58,572
up €58,572 (+16.0%), from €367,172 to €425,744
- Financial income -€10,985
down €10,985 (-94.5%), from €11,628 to €643
- Depreciation +€7,429
up €7,429 (+17.1%), from €43,334 to €50,763
- Write-downs -€4,586
down €4,586 (-66.2%), from €6,931 to €2,345
From the 2023 result to the 2024 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.
Result 2023
-€92,487
Gross operating margin
+€58,572
Staff costs
-€1,713
Depreciation
-€7,429
Write-downs
+€4,586
Other operating charges
+€3,806
Other operating items
+€73,052
Financial income
-€10,985
Financial charges
+€746
Taxes
-€2,377
Result 2024
€25,771
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€188,128
Investment
-€13,554
Financing
-€42,525
Cash 2023
€170,249
From operations (derived)
+€188,128
Net result for the year
+€25,771
Depreciation
+€50,763
Stocks and contracts
+€20,552
Receivables within one year
-€107,963
Deferred charges and accrued income
+€709
Trade debts
+€191,278
Tax, wage and social debts
-€11,966
Other debts
+€18,933
Accrued charges and deferred income
+€51
Investment (derived)
-€13,554
Investment in fixed assets (net)
-€13,554
Financing
-€42,525
Debts after one year
-€23,905
Current portion of long-term debt
+€1
Short-term financial debts
-€513
Contributions, distributions and other
-€18,108
Cash 2024
€302,298
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €861,117 | €1,042,659 | +€181,542 | +21.1% |
| Fixed assets | 21/28 | €310,751 | €273,543 | -€37,209 | -12.0% |
| Intangible fixed assets | 21 | - | €6,586 | +€6,586 | |
| Tangible fixed assets | 22/27 | €310,095 | €266,300 | -€43,795 | -14.1% |
| Land and buildings | 22 | €36,905 | €34,302 | -€2,603 | -7.1% |
| Plant, machinery and equipment | 23 | €130,798 | €119,133 | -€11,664 | -8.9% |
| Furniture and vehicles | 24 | €140,169 | €110,929 | -€29,239 | -20.9% |
| Other tangible fixed assets | 26 | €2,224 | €1,935 | -€289 | -13.0% |
| Financial fixed assets | 28 | €657 | €657 | = | 0.0% |
| Current assets | 29/58 | €550,365 | €769,116 | +€218,751 | +39.7% |
| Amounts receivable after more than one year | 29 | €145,000 | €145,000 | = | 0.0% |
| Other amounts receivable | 291 | €145,000 | €145,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €163,080 | €142,528 | -€20,552 | -12.6% |
| Stocks | 30/36 | €163,080 | €142,528 | -€20,552 | -12.6% |
| Amounts receivable within one year | 40/41 | €62,646 | €170,609 | +€107,963 | +172.3% |
| Trade receivables | 40 | €24,014 | €42,401 | +€18,387 | +76.6% |
| Other amounts receivable | 41 | €38,632 | €128,208 | +€89,576 | +231.9% |
| Cash at bank and in hand | 54/58 | €170,249 | €302,298 | +€132,049 | +77.6% |
| Deferred charges and accrued income | 490/1 | €9,390 | €8,681 | -€709 | -7.6% |
| Total equity and liabilities | 10/49 | €861,117 | €1,042,659 | +€181,542 | +21.1% |
| Equity | 10/15 | €336,875 | €344,538 | +€7,663 | +2.3% |
| Contributions | 10/11 | €136,544 | €136,544 | = | 0.0% |
| Capital | 10 | €72,819 | €72,819 | = | 0.0% |
| Issued capital | 100 | €72,819 | €72,819 | = | 0.0% |
| Outside capital | 11 | €63,725 | €63,725 | = | 0.0% |
| Share premium | 1100/10 | €63,725 | €63,725 | = | 0.0% |
| Reserves | 13 | €186,892 | €194,555 | +€7,663 | +4.1% |
| Non-distributable reserves | 130/1 | €7,282 | €7,282 | = | 0.0% |
| Legal reserve | 130 | €7,282 | €7,282 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,192 | €1,192 | = | 0.0% |
| Distributable reserves | 133 | €178,418 | €186,081 | +€7,663 | +4.3% |
| Profit (loss) carried forward | 14 | €13,439 | €13,439 | = | 0.0% |
| Amounts payable | 17/49 | €524,242 | €698,121 | +€173,879 | +33.2% |
| Amounts payable after more than one year | 17 | €69,814 | €45,908 | -€23,905 | -34.2% |
| Financial debts | 170/4 | €69,814 | €45,908 | -€23,905 | -34.2% |
| Amounts payable within one year | 42/48 | €454,317 | €652,050 | +€197,733 | +43.5% |
| Current portion of amounts payable after more than one year | 42 | €23,905 | €23,905 | +€1 | 0.0% |
| Financial debts | 43 | €1,901 | €1,388 | -€513 | -27.0% |
| Credit institutions | 430/8 | €1,901 | €1,388 | -€513 | -27.0% |
| Trade debts | 44 | €341,313 | €532,592 | +€191,278 | +56.0% |
| Suppliers | 440/4 | €341,313 | €532,592 | +€191,278 | +56.0% |
| Taxes, remuneration and social security | 45 | €86,941 | €74,974 | -€11,966 | -13.8% |
| Taxes | 450/3 | €26,845 | €16,927 | -€9,919 | -36.9% |
| Remuneration and social security | 454/9 | €60,095 | €58,048 | -€2,048 | -3.4% |
| Other amounts payable | 47/48 | €257 | €19,191 | +€18,933 | +7359.9% |
| Accrued charges and deferred income | 492/3 | €112 | €163 | +€51 | +45.7% |
| Non-recurring operating income | 76A | €24,793 | €2,536 | -€22,258 | -89.8% |
| Remuneration, social security and pensions | 62 | €308,302 | €310,015 | +€1,713 | +0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,334 | €50,763 | +€7,429 | +17.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €6,931 | €2,345 | -€4,586 | -66.2% |
| Other operating charges | 640/8 | €25,940 | €22,134 | -€3,806 | -14.7% |
| Non-recurring operating charges | 66A | €76,944 | €3,892 | -€73,052 | -94.9% |
| Gross operating margin | 9900 | €367,172 | €425,744 | +€58,572 | +16.0% |
| Operating profit (loss) | 9901 | -€94,279 | €36,596 | +€130,875 | |
| Financial income | 75/76B | €11,628 | €643 | -€10,985 | -94.5% |
| Recurring financial income | 75 | €11,628 | €643 | -€10,985 | -94.5% |
| Financial charges | 65/66B | €9,347 | €8,601 | -€746 | -8.0% |
| Recurring financial charges | 65 | €9,347 | €8,601 | -€746 | -8.0% |
| Profit (loss) for the period before taxes | 9903 | -€91,997 | €28,638 | +€120,635 | |
| Income taxes | 67/77 | €490 | €2,867 | +€2,377 | +485.0% |
| Profit (loss) for the period | 9904 | -€92,487 | €25,771 | +€118,258 | |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | -€92,487 | €25,771 | +€118,258 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.