MDS Renovation: 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 Renovation
Largest movements
- Tangible fixed assets +€21,259
up €21,259 (+327%), from €6,500 to €27,759
of which Furniture and vehicles: +€18,373
- Cash -€18,186
down €18,186 (-88.4%), from €20,562 to €2,376
mainly Investment in fixed assets (net) (-€26,950) and Stocks and contracts (-€6,300)
- Stocks and contracts +€6,300
up €6,300 (+90.0%), from €7,000 to €13,300
of which Contracts in progress: +€6,300
- Receivables within one year +€5,650
up €5,650 (+64.4%), from €8,766 to €14,416
of which Trade receivables: +€4,874
- Deferred charges and accrued income +€1,576
new in 2023: €1,576
- Debts after one year +€9,648
new in 2023: €9,648
- Trade debts +€6,912
up €6,912 (+81.6%), from €8,468 to €15,381
- Current portion of long-term debt +€4,876
new in 2023: €4,876
- Tax, wage and social debts -€3,520
down €3,520 (-61.3%), from €5,742 to €2,222
- Other debts -€1,533
down €1,533 (-25.1%), from €6,102 to €4,570
- Gross operating margin +€5,361
up €5,361 (+177%), from €3,030 to €8,391
- Depreciation +€4,691
up €4,691 (+469%), from €1,000 to €5,691
- Financial charges +€1,365
up €1,365 (+2,873%), from €48 to €1,413
- Financial income +€699
up €699 (+3,494,900%), from €0 to €699
- Other operating charges +€273
up €273 (+53.7%), from €508 to €780
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €42,828 | €59,427 | +€16,599 | +38.8% |
| Fixed assets | 21/28 | €6,500 | €27,759 | +€21,259 | +327% |
| Tangible fixed assets | 22/27 | €6,500 | €27,759 | +€21,259 | +327% |
| Plant, machinery and equipment | 23 | €6,500 | €9,387 | +€2,887 | +44.4% |
| Furniture and vehicles | 24 | - | €18,373 | +€18,373 | |
| Current assets | 29/58 | €36,328 | €31,668 | -€4,660 | -12.8% |
| Stocks and contracts in progress | 3 | €7,000 | €13,300 | +€6,300 | +90.0% |
| Stocks | 30/36 | €3,000 | €3,000 | = | 0.0% |
| Contracts in progress | 37 | €4,000 | €10,300 | +€6,300 | +158% |
| Amounts receivable within one year | 40/41 | €8,766 | €14,416 | +€5,650 | +64.4% |
| Trade receivables | 40 | €8,766 | €13,640 | +€4,874 | +55.6% |
| Other amounts receivable | 41 | €0 | €776 | +€776 | |
| Cash at bank and in hand | 54/58 | €20,562 | €2,376 | -€18,186 | -88.4% |
| Deferred charges and accrued income | 490/1 | - | €1,576 | +€1,576 | |
| Total equity and liabilities | 10/49 | €42,828 | €59,427 | +€16,599 | +38.8% |
| Equity | 10/15 | €22,516 | €22,730 | +€214 | +1.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €9,550 | €9,550 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €9,550 | €9,550 | = | 0.0% |
| Profit (loss) carried forward | 14 | €566 | €780 | +€214 | +37.9% |
| Amounts payable | 17/49 | €20,312 | €36,697 | +€16,385 | +80.7% |
| Amounts payable after more than one year | 17 | - | €9,648 | +€9,648 | |
| Financial debts | 170/4 | - | €9,648 | +€9,648 | |
| Amounts payable within one year | 42/48 | €20,312 | €27,048 | +€6,736 | +33.2% |
| Current portion of amounts payable after more than one year | 42 | - | €4,876 | +€4,876 | |
| Trade debts | 44 | €8,468 | €15,381 | +€6,912 | +81.6% |
| Suppliers | 440/4 | €8,468 | €15,381 | +€6,912 | +81.6% |
| Taxes, remuneration and social security | 45 | €5,742 | €2,222 | -€3,520 | -61.3% |
| Taxes | 450/3 | €5,742 | €2,222 | -€3,520 | -61.3% |
| Other amounts payable | 47/48 | €6,102 | €4,570 | -€1,533 | -25.1% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,000 | €5,691 | +€4,691 | +469% |
| Other operating charges | 640/8 | €508 | €780 | +€273 | +53.7% |
| Gross operating margin | 9900 | €3,030 | €8,391 | +€5,361 | +177% |
| Operating profit (loss) | 9901 | €1,522 | €1,920 | +€398 | +26.1% |
| Financial income | 75/76B | €0 | €699 | +€699 | +3,494,900% |
| Recurring financial income | 75 | €0 | €699 | +€699 | +3,494,900% |
| Financial charges | 65/66B | €48 | €1,413 | +€1,365 | +2,873% |
| Recurring financial charges | 65 | €48 | €1,413 | +€1,365 | +2,873% |
| Profit (loss) for the period before taxes | 9903 | €1,475 | €1,206 | -€269 | -18.2% |
| Income taxes | 67/77 | €909 | €992 | +€83 | +9.1% |
| Profit (loss) for the period | 9904 | €566 | €214 | -€352 | -62.1% |
| Profit (loss) for the period to be appropriated | 9905 | €566 | €214 | -€352 | -62.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.