MDS-ECO: 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-ECO
Largest movements
- Cash +€137,587
new in 2025: €137,587
mainly Trade debts (+€76,527) and Net result for the year (+€48,369)
- Stocks and contracts +€22,150
new in 2025: €22,150
- Trade debts +€76,527
up €76,527 (+6,366%), from €1,202 to €77,729
- Profit (loss) carried forward +€48,369
up €48,369, from -€44,330 to €4,039
- Tax, wage and social debts +€34,840
up €34,840 (+3,973%), from €877 to €35,717
of which Taxes: +€25,284
- Gross operating margin +€63,150
up €63,150 (+1,088%), from €5,805 to €68,955
- Staff costs +€15,826
new in 2025: €15,826
- Financial charges +€4,357
new in 2025: €4,357
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 | €0 | €159,737 | +€159,737 | |
| Current assets | 29/58 | - | €159,737 | +€159,737 | |
| Stocks and contracts in progress | 3 | - | €22,150 | +€22,150 | |
| Stocks | 30/36 | - | €22,150 | +€22,150 | |
| Cash at bank and in hand | 54/58 | - | €137,587 | +€137,587 | |
| Total equity and liabilities | 10/49 | - | €159,737 | +€159,737 | |
| Equity | 10/15 | -€25,730 | €22,639 | +€48,369 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | - | €18,600 | +€18,600 | |
| Share premium | 1100/10 | - | €18,600 | +€18,600 | |
| Profit (loss) carried forward | 14 | -€44,330 | €4,039 | +€48,369 | |
| Amounts payable | 17/49 | €25,730 | €137,098 | +€111,368 | +433% |
| Amounts payable after more than one year | 17 | €23,651 | €23,651 | = | 0.0% |
| Financial debts | 170/4 | €23,651 | €23,651 | = | 0.0% |
| Amounts payable within one year | 42/48 | €2,079 | €113,447 | +€111,368 | +5,357% |
| Trade debts | 44 | €1,202 | €77,729 | +€76,527 | +6,366% |
| Suppliers | 440/4 | €1,202 | €77,729 | +€76,527 | +6,366% |
| Taxes, remuneration and social security | 45 | €877 | €35,717 | +€34,840 | +3,973% |
| Taxes | 450/3 | €877 | €26,161 | +€25,284 | +2,883% |
| Remuneration and social security | 454/9 | - | €9,557 | +€9,557 | |
| Remuneration, social security and pensions | 62 | - | €15,826 | +€15,826 | |
| Other operating charges | 640/8 | €63 | €403 | +€340 | +539% |
| Gross operating margin | 9900 | €5,805 | €68,955 | +€63,150 | +1,088% |
| Operating profit (loss) | 9901 | €5,742 | €52,726 | +€46,984 | +818% |
| Financial charges | 65/66B | - | €4,357 | +€4,357 | |
| Recurring financial charges | 65 | - | €4,357 | +€4,357 | |
| Profit (loss) for the period before taxes | 9903 | €5,742 | €48,369 | +€42,627 | +742% |
| Profit (loss) for the period | 9904 | €5,742 | €48,369 | +€42,627 | +742% |
| Profit (loss) for the period to be appropriated | 9905 | €5,742 | €48,369 | +€42,627 | +742% |
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.