MDS Creations: 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 Creations
Largest movements
- Cash -€34,739
down €34,739 (-47.2%), from €73,562 to €38,823
mainly Trade debts (-€25,952) and Net result for the year (-€10,640)
- Tangible fixed assets -€2,723
down €2,723 (-43.2%), from €6,297 to €3,574
of which Plant, machinery and equipment: -€2,625
- Deferred charges and accrued income -€1,451
down €1,451 (-36.6%), from €3,966 to €2,515
- Trade debts -€25,952
down €25,952 (-95.0%), from €27,312 to €1,360
- Profit (loss) carried forward -€10,640
new in 2025: -€10,640
- Other debts -€1,257
no longer reported in 2025 (was €1,257)
- Gross operating margin -€37,148
down €37,148 (-99.5%), from €37,336 to €188
- Taxes -€9,108
no longer reported in 2025 (was €9,108)
- Financial charges +€3,260
up €3,260 (+347%), from €940 to €4,200
- Staff costs +€1,681
up €1,681 (+113%), from €1,482 to €3,163
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 | €107,723 | €68,905 | -€38,818 | -36.0% |
| Fixed assets | 21/28 | €6,297 | €3,574 | -€2,723 | -43.2% |
| Tangible fixed assets | 22/27 | €6,297 | €3,574 | -€2,723 | -43.2% |
| Plant, machinery and equipment | 23 | €6,047 | €3,422 | -€2,625 | -43.4% |
| Furniture and vehicles | 24 | €250 | €152 | -€98 | -39.2% |
| Current assets | 29/58 | €101,426 | €65,331 | -€36,095 | -35.6% |
| Amounts receivable within one year | 40/41 | €23,898 | €23,993 | +€95 | +0.4% |
| Trade receivables | 40 | €8,898 | €8,983 | +€85 | +1.0% |
| Other amounts receivable | 41 | €15,000 | €15,010 | +€10 | +0.1% |
| Cash at bank and in hand | 54/58 | €73,562 | €38,823 | -€34,739 | -47.2% |
| Deferred charges and accrued income | 490/1 | €3,966 | €2,515 | -€1,451 | -36.6% |
| Total equity and liabilities | 10/49 | €107,723 | €68,905 | -€38,818 | -36.0% |
| Equity | 10/15 | €66,994 | €56,354 | -€10,640 | -15.9% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €56,994 | €56,994 | = | 0.0% |
| Distributable reserves | 133 | €56,994 | €56,994 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€10,640 | -€10,640 | |
| Amounts payable | 17/49 | €40,729 | €12,551 | -€28,178 | -69.2% |
| Amounts payable within one year | 42/48 | €40,729 | €12,551 | -€28,178 | -69.2% |
| Trade debts | 44 | €27,312 | €1,360 | -€25,952 | -95.0% |
| Suppliers | 440/4 | €27,312 | €1,360 | -€25,952 | -95.0% |
| Taxes, remuneration and social security | 45 | €12,160 | €11,191 | -€969 | -8.0% |
| Taxes | 450/3 | €12,160 | €11,191 | -€969 | -8.0% |
| Other amounts payable | 47/48 | €1,257 | - | -€1,257 | |
| Remuneration, social security and pensions | 62 | €1,482 | €3,163 | +€1,681 | +113% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,281 | €3,093 | -€188 | -5.7% |
| Other operating charges | 640/8 | €431 | €399 | -€32 | -7.4% |
| Gross operating margin | 9900 | €37,336 | €188 | -€37,148 | -99.5% |
| Operating profit (loss) | 9901 | €32,142 | -€6,467 | -€38,609 | |
| Financial income | 75/76B | €82 | €27 | -€55 | -67.1% |
| Recurring financial income | 75 | €82 | €27 | -€55 | -67.1% |
| Financial charges | 65/66B | €940 | €4,200 | +€3,260 | +347% |
| Recurring financial charges | 65 | €940 | €4,200 | +€3,260 | +347% |
| Profit (loss) for the period before taxes | 9903 | €31,284 | -€10,640 | -€41,924 | |
| Income taxes | 67/77 | €9,108 | - | -€9,108 | |
| Profit (loss) for the period | 9904 | €22,176 | -€10,640 | -€32,816 | |
| Profit (loss) for the period to be appropriated | 9905 | €22,176 | -€10,640 | -€32,816 |
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 25 October 2026 via checked.be.