MDSGest: 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.
MDSGest
Largest movements
- Cash +€128,094
up €128,094 (+178.3%), from €71,842 to €199,936
mainly Net result for the year (+€91,474) and Depreciation (+€18,505)
- Tangible fixed assets -€18,505
down €18,505 (-29.7%), from €62,272 to €43,767
- Receivables within one year -€17,795
down €17,795 (-100.0%), from €17,795 to €0
- Reserves +€61,000
up €61,000 (+60.9%), from €100,180 to €161,180
- Profit (loss) carried forward +€30,474
new in 2025: €30,474
- Tax, wage and social debts +€3,365
up €3,365 (+7.2%), from €46,429 to €49,794
- Other debts -€3,095
down €3,095 (-100.0%), from €3,095 to €0
- Gross operating margin +€20,155
up €20,155 (+16.2%), from €124,521 to €144,676
- Taxes +€3,242
up €3,242 (+10.5%), from €30,805 to €34,047
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 | €151,909 | €243,704 | +€91,794 | +60.4% |
| Fixed assets | 21/28 | €62,272 | €43,767 | -€18,505 | -29.7% |
| Tangible fixed assets | 22/27 | €62,272 | €43,767 | -€18,505 | -29.7% |
| Furniture and vehicles | 24 | €62,272 | €43,767 | -€18,505 | -29.7% |
| Current assets | 29/58 | €89,637 | €199,936 | +€110,299 | +123.1% |
| Amounts receivable within one year | 40/41 | €17,795 | €0 | -€17,795 | -100.0% |
| Trade receivables | 40 | €17,795 | €0 | -€17,795 | -100.0% |
| Cash at bank and in hand | 54/58 | €71,842 | €199,936 | +€128,094 | +178.3% |
| Total equity and liabilities | 10/49 | €151,909 | €243,704 | +€91,794 | +60.4% |
| Equity | 10/15 | €102,180 | €193,655 | +€91,474 | +89.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €100,180 | €161,180 | +€61,000 | +60.9% |
| Distributable reserves | 133 | €100,180 | €161,180 | +€61,000 | +60.9% |
| Profit (loss) carried forward | 14 | - | €30,474 | +€30,474 | |
| Amounts payable | 17/49 | €49,729 | €50,049 | +€320 | +0.6% |
| Amounts payable within one year | 42/48 | €49,729 | €50,049 | +€320 | +0.6% |
| Trade debts | 44 | €205 | €255 | +€50 | +24.2% |
| Suppliers | 440/4 | €205 | €255 | +€50 | +24.2% |
| Taxes, remuneration and social security | 45 | €46,429 | €49,794 | +€3,365 | +7.2% |
| Taxes | 450/3 | €46,429 | €49,794 | +€3,365 | +7.2% |
| Other amounts payable | 47/48 | €3,095 | €0 | -€3,095 | -100.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,105 | €18,505 | +€1,400 | +8.2% |
| Other operating charges | 640/8 | €833 | €600 | -€233 | -27.9% |
| Gross operating margin | 9900 | €124,521 | €144,676 | +€20,155 | +16.2% |
| Operating profit (loss) | 9901 | €106,583 | €125,571 | +€18,988 | +17.8% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €50 | €50 | -€1 | -1.7% |
| Recurring financial charges | 65 | €50 | €50 | -€1 | -1.7% |
| Profit (loss) for the period before taxes | 9903 | €106,533 | €125,522 | +€18,989 | +17.8% |
| Income taxes | 67/77 | €30,805 | €34,047 | +€3,242 | +10.5% |
| Profit (loss) for the period | 9904 | €75,727 | €91,474 | +€15,747 | +20.8% |
| Profit (loss) for the period to be appropriated | 9905 | €75,727 | €91,474 | +€15,747 | +20.8% |
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 11 October 2026 via checked.be.