MDS: 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.
MDS
Largest movements
- Cash +€5,124
up €5,124 (+172.1%), from €2,977 to €8,101
mainly Net result for the year (+€5,291) and Receivables within one year (+€2,798)
- Receivables within one year -€2,798
down €2,798 (-73.9%), from €3,788 to €990
of which Trade receivables: -€2,655
- Tangible fixed assets -€1,300
down €1,300 (-33.3%), from €3,900 to €2,600
- Profit (loss) carried forward +€5,291
up €5,291, from -€1,454 to €3,837
- Debts after one year -€3,770
no longer reported in 2025 (was €3,770)
- Other debts -€2,812
no longer reported in 2025 (was €2,812)
- Trade debts +€1,654
new in 2025: €1,654
- Tax, wage and social debts +€576
up €576 (+67.4%), from €854 to €1,431
- Depreciation -€3,200
down €3,200 (-71.1%), from €4,500 to €1,300
- Gross operating margin +€1,804
up €1,804 (+36.2%), from €4,982 to €6,786
- Taxes -€1,574
down €1,574, from €1,328 to -€246
- Financial charges -€738
down €738 (-62.6%), from €1,180 to €442
- Other operating charges -€604
no longer reported in 2025 (was €604)
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 | €10,665 | €11,692 | +€1,026 | +9.6% |
| Fixed assets | 21/28 | €3,900 | €2,600 | -€1,300 | -33.3% |
| Tangible fixed assets | 22/27 | €3,900 | €2,600 | -€1,300 | -33.3% |
| Plant, machinery and equipment | 23 | €3,900 | €2,600 | -€1,300 | -33.3% |
| Current assets | 29/58 | €6,765 | €9,091 | +€2,326 | +34.4% |
| Amounts receivable within one year | 40/41 | €3,788 | €990 | -€2,798 | -73.9% |
| Trade receivables | 40 | €3,454 | €800 | -€2,655 | -76.9% |
| Other amounts receivable | 41 | €334 | €191 | -€143 | -42.9% |
| Cash at bank and in hand | 54/58 | €2,977 | €8,101 | +€5,124 | +172.1% |
| Total equity and liabilities | 10/49 | €10,665 | €11,692 | +€1,026 | +9.6% |
| Equity | 10/15 | -€454 | €4,837 | +€5,291 | |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,454 | €3,837 | +€5,291 | |
| Amounts payable | 17/49 | €11,120 | €6,855 | -€4,265 | -38.4% |
| Amounts payable after more than one year | 17 | €3,770 | - | -€3,770 | |
| Financial debts | 170/4 | €3,770 | - | -€3,770 | |
| Amounts payable within one year | 42/48 | €7,349 | €6,855 | -€494 | -6.7% |
| Current portion of amounts payable after more than one year | 42 | €3,683 | €3,770 | +€87 | +2.4% |
| Trade debts | 44 | - | €1,654 | +€1,654 | |
| Suppliers | 440/4 | - | €1,654 | +€1,654 | |
| Taxes, remuneration and social security | 45 | €854 | €1,431 | +€576 | +67.4% |
| Taxes | 450/3 | €854 | €1,431 | +€576 | +67.4% |
| Other amounts payable | 47/48 | €2,812 | - | -€2,812 | |
| Turnover | 70 | €0 | - | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,500 | €1,300 | -€3,200 | -71.1% |
| Other operating charges | 640/8 | €604 | - | -€604 | |
| Gross operating margin | 9900 | €4,982 | €6,786 | +€1,804 | +36.2% |
| Operating profit (loss) | 9901 | -€122 | €5,486 | +€5,608 | |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €1,180 | €442 | -€738 | -62.6% |
| Recurring financial charges | 65 | €1,180 | €442 | -€738 | -62.6% |
| Profit (loss) for the period before taxes | 9903 | -€1,300 | €5,045 | +€6,345 | |
| Income taxes | 67/77 | €1,328 | -€246 | -€1,574 | |
| Profit (loss) for the period | 9904 | -€2,628 | €5,291 | +€7,919 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,628 | €5,291 | +€7,919 |
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 10 October 2026 via checked.be.