MDS TECHNIC: 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 TECHNIC
Largest movements
- Tangible fixed assets -€32,905
down €32,905 (-22.7%), from €145,111 to €112,206
of which Furniture and vehicles: -€32,440
- Cash +€30,394
up €30,394 (+6.7%), from €455,728 to €486,122
mainly Net result for the year (+€77,696) and Depreciation (+€37,817)
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin -€77,692
down €77,692 (-26.4%), from €294,585 to €216,892
- Taxes -€26,655
down €26,655 (-43.1%), from €61,823 to €35,168
- Depreciation +€8,829
up €8,829 (+30.5%), from €28,987 to €37,817
- Staff costs +€3,812
up €3,812 (+5.3%), from €72,047 to €75,859
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 | €1,303,960 | €1,320,671 | +€16,711 | +1.3% |
| Fixed assets | 21/28 | €145,111 | €112,206 | -€32,905 | -22.7% |
| Tangible fixed assets | 22/27 | €145,111 | €112,206 | -€32,905 | -22.7% |
| Land and buildings | 22 | €23,337 | €22,872 | -€465 | -2.0% |
| Furniture and vehicles | 24 | €121,775 | €89,334 | -€32,440 | -26.6% |
| Current assets | 29/58 | €1,158,849 | €1,208,465 | +€49,616 | +4.3% |
| Stocks and contracts in progress | 3 | €17,884 | €24,051 | +€6,168 | +34.5% |
| Stocks | 30/36 | €17,884 | €18,051 | +€168 | +0.9% |
| Contracts in progress | 37 | - | €6,000 | +€6,000 | |
| Amounts receivable within one year | 40/41 | €67,939 | €68,267 | +€328 | +0.5% |
| Trade receivables | 40 | €64,505 | €68,267 | +€3,762 | +5.8% |
| Other amounts receivable | 41 | €3,434 | - | -€3,434 | |
| Current investments | 50/53 | €608,768 | €613,349 | +€4,582 | +0.8% |
| Cash at bank and in hand | 54/58 | €455,728 | €486,122 | +€30,394 | +6.7% |
| Deferred charges and accrued income | 490/1 | €8,531 | €16,675 | +€8,144 | +95.5% |
| Total equity and liabilities | 10/49 | €1,303,960 | €1,320,671 | +€16,711 | +1.3% |
| Equity | 10/15 | €1,270,980 | €1,282,009 | +€11,030 | +0.9% |
| Contributions | 10/11 | €8,686 | €8,686 | = | 0.0% |
| Reserves | 13 | €1,262,293 | €1,273,323 | +€11,030 | +0.9% |
| Distributable reserves | 133 | €1,262,293 | €1,273,323 | +€11,030 | +0.9% |
| Amounts payable | 17/49 | €32,981 | €38,662 | +€5,681 | +17.2% |
| Amounts payable within one year | 42/48 | €30,810 | €36,512 | +€5,701 | +18.5% |
| Trade debts | 44 | €2,368 | €4,322 | +€1,954 | +82.5% |
| Suppliers | 440/4 | €2,368 | €4,322 | +€1,954 | +82.5% |
| Taxes, remuneration and social security | 45 | €26,776 | €26,781 | +€5 | 0.0% |
| Taxes | 450/3 | €13,429 | €11,852 | -€1,577 | -11.7% |
| Remuneration and social security | 454/9 | €13,347 | €14,929 | +€1,582 | +11.9% |
| Other amounts payable | 47/48 | €1,666 | €5,408 | +€3,742 | +225% |
| Accrued charges and deferred income | 492/3 | €2,171 | €2,150 | -€20 | -0.9% |
| Remuneration, social security and pensions | 62 | €72,047 | €75,859 | +€3,812 | +5.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,987 | €37,817 | +€8,829 | +30.5% |
| Other operating charges | 640/8 | €3,164 | €3,375 | +€211 | +6.7% |
| Gross operating margin | 9900 | €294,585 | €216,892 | -€77,692 | -26.4% |
| Operating profit (loss) | 9901 | €190,386 | €99,842 | -€90,544 | -47.6% |
| Financial income | 75/76B | €10,825 | €13,519 | +€2,694 | +24.9% |
| Recurring financial income | 75 | €10,825 | €13,519 | +€2,694 | +24.9% |
| Financial charges | 65/66B | €543 | €497 | -€45 | -8.4% |
| Recurring financial charges | 65 | €543 | €497 | -€45 | -8.4% |
| Profit (loss) for the period before taxes | 9903 | €200,668 | €112,863 | -€87,805 | -43.8% |
| Income taxes | 67/77 | €61,823 | €35,168 | -€26,655 | -43.1% |
| Profit (loss) for the period | 9904 | €138,846 | €77,696 | -€61,150 | -44.0% |
| Profit (loss) for the period to be appropriated | 9905 | €138,846 | €77,696 | -€61,150 | -44.0% |
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 22 October 2026 via checked.be.