MDS TECHNOLOGY: what changed
Two fiscal 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 TECHNOLOGY
Largest movements
- Stocks and contracts -€23,343
down €23,343 (-35.8%), from €65,248 to €41,905
- Cash -€6,031
down €6,031 (-64.6%), from €9,330 to €3,299
mainly Net result for the year (-€20,639) and Trade debts (-€10,830)
- Tangible fixed assets -€3,991
down €3,991 (-7.4%), from €53,659 to €49,668
of which Other tangible fixed assets: -€4,465
- Receivables within one year -€2,114
down €2,114 (-39.8%), from €5,309 to €3,195
- Intangible fixed assets +€1,428
up €1,428 (+101.7%), from €1,404 to €2,832
- Profit (loss) carried forward -€20,639
down €20,639 (-205.4%), from -€10,046 to -€30,685
- Trade debts -€10,830
down €10,830 (-54.5%), from €19,863 to €9,033
- Debts after one year -€7,790
down €7,790 (-13.6%), from €57,255 to €49,465
- Other debts +€4,140
up €4,140 (+12.4%), from €33,365 to €37,505
- Tax, wage and social debts +€1,449
up €1,449 (+17.0%), from €8,505 to €9,954
of which Taxes: +€883
- Gross operating margin -€13,532
down €13,532 (-21.2%), from €63,774 to €50,242
- Financial charges -€1,236
down €1,236 (-20.7%), from €5,963 to €4,727
- Staff costs -€1,081
down €1,081 (-2.0%), from €54,483 to €53,402
- Depreciation -€672
down €672 (-5.3%), from €12,765 to €12,093
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 | €134,950 | €101,414 | -€33,536 | -24.9% |
| Fixed assets | 21/28 | €55,063 | €52,500 | -€2,563 | -4.7% |
| Intangible fixed assets | 21 | €1,404 | €2,832 | +€1,428 | +101.7% |
| Tangible fixed assets | 22/27 | €53,659 | €49,668 | -€3,991 | -7.4% |
| Plant, machinery and equipment | 23 | €17,815 | €19,069 | +€1,254 | +7.0% |
| Furniture and vehicles | 24 | €2,119 | €1,339 | -€780 | -36.8% |
| Other tangible fixed assets | 26 | €33,725 | €29,260 | -€4,465 | -13.2% |
| Current assets | 29/58 | €79,887 | €48,914 | -€30,973 | -38.8% |
| Stocks and contracts in progress | 3 | €65,248 | €41,905 | -€23,343 | -35.8% |
| Stocks | 30/36 | €65,248 | €41,905 | -€23,343 | -35.8% |
| Amounts receivable within one year | 40/41 | €5,309 | €3,195 | -€2,114 | -39.8% |
| Trade receivables | 40 | €5,309 | €3,195 | -€2,114 | -39.8% |
| Cash at bank and in hand | 54/58 | €9,330 | €3,299 | -€6,031 | -64.6% |
| Deferred charges and accrued income | 490/1 | - | €515 | +€515 | |
| Total equity and liabilities | 10/49 | €134,950 | €101,414 | -€33,536 | -24.9% |
| Equity | 10/15 | €8,554 | -€12,085 | -€20,639 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,046 | -€30,685 | -€20,639 | -205.4% |
| Amounts payable | 17/49 | €126,396 | €113,499 | -€12,897 | -10.2% |
| Amounts payable after more than one year | 17 | €57,255 | €49,465 | -€7,790 | -13.6% |
| Financial debts | 170/4 | €57,255 | €49,465 | -€7,790 | -13.6% |
| Amounts payable within one year | 42/48 | €69,141 | €64,034 | -€5,107 | -7.4% |
| Current portion of amounts payable after more than one year | 42 | €7,408 | €7,542 | +€134 | +1.8% |
| Trade debts | 44 | €19,863 | €9,033 | -€10,830 | -54.5% |
| Suppliers | 440/4 | €19,863 | €9,033 | -€10,830 | -54.5% |
| Taxes, remuneration and social security | 45 | €8,505 | €9,954 | +€1,449 | +17.0% |
| Taxes | 450/3 | €3,917 | €4,800 | +€883 | +22.5% |
| Remuneration and social security | 454/9 | €4,588 | €5,154 | +€566 | +12.3% |
| Other amounts payable | 47/48 | €33,365 | €37,505 | +€4,140 | +12.4% |
| Remuneration, social security and pensions | 62 | €54,483 | €53,402 | -€1,081 | -2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,765 | €12,093 | -€672 | -5.3% |
| Other operating charges | 640/8 | €1,124 | €824 | -€300 | -26.7% |
| Non-recurring operating charges | 66A | €164 | €284 | +€120 | +73.2% |
| Gross operating margin | 9900 | €63,774 | €50,242 | -€13,532 | -21.2% |
| Operating profit (loss) | 9901 | -€4,762 | -€16,361 | -€11,599 | -243.6% |
| Financial income | 75/76B | €900 | €449 | -€451 | -50.1% |
| Recurring financial income | 75 | €900 | €449 | -€451 | -50.1% |
| Financial charges | 65/66B | €5,963 | €4,727 | -€1,236 | -20.7% |
| Recurring financial charges | 65 | €5,963 | €4,727 | -€1,236 | -20.7% |
| Profit (loss) for the period before taxes | 9903 | -€9,825 | -€20,639 | -€10,814 | -110.1% |
| Income taxes | 67/77 | €374 | - | -€374 | |
| Profit (loss) for the period | 9904 | -€10,199 | -€20,639 | -€10,440 | -102.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,199 | -€20,639 | -€10,440 | -102.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.