MDSMEERS: 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.
MDSMEERS
Largest movements
- Cash +€19,012
up €19,012 (+206%), from €9,230 to €28,242
mainly Net result for the year (+€91,276) and Other debts (+€15,310)
- Deferred charges and accrued income -€14,692
down €14,692 (-14.4%), from €101,744 to €87,052
- Tangible fixed assets +€9,363
up €9,363 (+236%), from €3,965 to €13,329
of which Other tangible fixed assets: +€7,038
- Receivables within one year -€4,435
down €4,435 (-67.4%), from €6,577 to €2,142
of which Other amounts receivable: -€6,035
- Other debts +€15,310
up €15,310 (+16.0%), from €95,949 to €111,259
- Tax, wage and social debts -€4,874
down €4,874 (-100%), from €4,874 to €0
- Reserves -€1,839
down €1,839 (-100%), from €1,839 to €0
- Gross operating margin +€10,020
up €10,020 (+9.2%), from €108,895 to €118,915
- Depreciation +€1,769
up €1,769 (+349%), from €507 to €2,276
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 | €121,716 | €130,965 | +€9,249 | +7.6% |
| Fixed assets | 21/28 | €4,165 | €13,529 | +€9,363 | +225% |
| Tangible fixed assets | 22/27 | €3,965 | €13,329 | +€9,363 | +236% |
| Furniture and vehicles | 24 | €3,965 | €6,291 | +€2,325 | +58.6% |
| Other tangible fixed assets | 26 | - | €7,038 | +€7,038 | |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €117,551 | €117,436 | -€114 | -0.1% |
| Amounts receivable within one year | 40/41 | €6,577 | €2,142 | -€4,435 | -67.4% |
| Trade receivables | 40 | €0 | €1,600 | +€1,600 | |
| Other amounts receivable | 41 | €6,577 | €542 | -€6,035 | -91.8% |
| Cash at bank and in hand | 54/58 | €9,230 | €28,242 | +€19,012 | +206% |
| Deferred charges and accrued income | 490/1 | €101,744 | €87,052 | -€14,692 | -14.4% |
| Total equity and liabilities | 10/49 | €121,716 | €130,965 | +€9,249 | +7.6% |
| Equity | 10/15 | €20,389 | €18,550 | -€1,839 | -9.0% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,839 | €0 | -€1,839 | -100% |
| Distributable reserves | 133 | €1,839 | €0 | -€1,839 | -100% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €101,327 | €112,415 | +€11,088 | +10.9% |
| Amounts payable within one year | 42/48 | €100,940 | €112,015 | +€11,075 | +11.0% |
| Trade debts | 44 | €117 | €756 | +€639 | +545% |
| Suppliers | 440/4 | €117 | €756 | +€639 | +545% |
| Taxes, remuneration and social security | 45 | €4,874 | €0 | -€4,874 | -100% |
| Taxes | 450/3 | €4,874 | €0 | -€4,874 | -100% |
| Other amounts payable | 47/48 | €95,949 | €111,259 | +€15,310 | +16.0% |
| Accrued charges and deferred income | 492/3 | €387 | €400 | +€12 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €507 | €2,276 | +€1,769 | +349% |
| Other operating charges | 640/8 | €542 | €660 | +€117 | +21.7% |
| Gross operating margin | 9900 | €108,895 | €118,915 | +€10,020 | +9.2% |
| Operating profit (loss) | 9901 | €107,846 | €115,979 | +€8,134 | +7.5% |
| Financial income | 75/76B | €0 | €15 | +€15 | |
| Recurring financial income | 75 | €0 | €15 | +€15 | |
| Financial charges | 65/66B | €125 | €261 | +€136 | +109% |
| Recurring financial charges | 65 | €125 | €261 | +€136 | +109% |
| Profit (loss) for the period before taxes | 9903 | €107,721 | €115,734 | +€8,013 | +7.4% |
| Income taxes | 67/77 | €23,463 | €24,458 | +€995 | +4.2% |
| Profit (loss) for the period | 9904 | €84,258 | €91,276 | +€7,018 | +8.3% |
| Profit (loss) for the period to be appropriated | 9905 | €84,258 | €91,276 | +€7,018 | +8.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.