MDT PARTNERS: 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.
MDT PARTNERS
Largest movements
- Cash +€145,281
up €145,281 (+191%), from €75,997 to €221,277
mainly Net result for the year (+€98,055) and Accrued charges and deferred income (+€50,956)
- Current investments +€11,000
new in 2025: €11,000
- Tangible fixed assets -€6,184
down €6,184 (-27.6%), from €22,415 to €16,231
- Receivables within one year -€4,472
down €4,472 (-9.4%), from €47,330 to €42,859
- Profit (loss) carried forward +€98,055
up €98,055 (+424%), from €23,145 to €121,200
- Accrued charges and deferred income +€50,956
up €50,956 (+3,397%), from €1,500 to €52,456
- Tax, wage and social debts +€17,387
up €17,387 (+76.4%), from €22,747 to €40,134
- Trade debts -€11,376
down €11,376 (-32.8%), from €34,662 to €23,287
- Debts after one year -€5,380
down €5,380 (-32.4%), from €16,596 to €11,216
- Gross operating margin +€94,524
up €94,524 (+207%), from €45,770 to €140,294
- Taxes +€21,450
up €21,450 (+266%), from €8,071 to €29,522
- Depreciation -€1,659
down €1,659 (-21.2%), from €7,843 to €6,184
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 | €155,132 | €302,638 | +€147,506 | +95.1% |
| Fixed assets | 21/28 | €30,742 | €24,558 | -€6,184 | -20.1% |
| Tangible fixed assets | 22/27 | €22,415 | €16,231 | -€6,184 | -27.6% |
| Furniture and vehicles | 24 | €22,415 | €16,231 | -€6,184 | -27.6% |
| Financial fixed assets | 28 | €8,327 | €8,327 | = | 0.0% |
| Current assets | 29/58 | €124,390 | €278,080 | +€153,690 | +124% |
| Amounts receivable within one year | 40/41 | €47,330 | €42,859 | -€4,472 | -9.4% |
| Trade receivables | 40 | €47,330 | €42,859 | -€4,472 | -9.4% |
| Current investments | 50/53 | - | €11,000 | +€11,000 | |
| Cash at bank and in hand | 54/58 | €75,997 | €221,277 | +€145,281 | +191% |
| Deferred charges and accrued income | 490/1 | €1,064 | €2,945 | +€1,881 | +177% |
| Total equity and liabilities | 10/49 | €155,132 | €302,638 | +€147,506 | +95.1% |
| Equity | 10/15 | €27,145 | €125,200 | +€98,055 | +361% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €23,145 | €121,200 | +€98,055 | +424% |
| Amounts payable | 17/49 | €127,988 | €177,439 | +€49,451 | +38.6% |
| Amounts payable after more than one year | 17 | €16,596 | €11,216 | -€5,380 | -32.4% |
| Financial debts | 170/4 | €16,596 | €11,216 | -€5,380 | -32.4% |
| Amounts payable within one year | 42/48 | €109,891 | €113,766 | +€3,875 | +3.5% |
| Current portion of amounts payable after more than one year | 42 | €5,079 | €5,380 | +€300 | +5.9% |
| Trade debts | 44 | €34,662 | €23,287 | -€11,376 | -32.8% |
| Suppliers | 440/4 | €34,662 | €23,287 | -€11,376 | -32.8% |
| Taxes, remuneration and social security | 45 | €22,747 | €40,134 | +€17,387 | +76.4% |
| Taxes | 450/3 | €22,747 | €40,134 | +€17,387 | +76.4% |
| Other amounts payable | 47/48 | €47,403 | €44,966 | -€2,437 | -5.1% |
| Accrued charges and deferred income | 492/3 | €1,500 | €52,456 | +€50,956 | +3,397% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,843 | €6,184 | -€1,659 | -21.2% |
| Other operating charges | 640/8 | €2,383 | €3,668 | +€1,285 | +53.9% |
| Gross operating margin | 9900 | €45,770 | €140,294 | +€94,524 | +207% |
| Operating profit (loss) | 9901 | €35,543 | €130,442 | +€94,899 | +267% |
| Financial income | 75/76B | €1,288 | €2,659 | +€1,371 | +107% |
| Recurring financial income | 75 | €1,288 | €2,659 | +€1,371 | +107% |
| Financial charges | 65/66B | €5,615 | €5,524 | -€91 | -1.6% |
| Recurring financial charges | 65 | €5,615 | €5,524 | -€91 | -1.6% |
| Profit (loss) for the period before taxes | 9903 | €31,216 | €127,577 | +€96,361 | +309% |
| Income taxes | 67/77 | €8,071 | €29,522 | +€21,450 | +266% |
| Profit (loss) for the period | 9904 | €23,145 | €98,055 | +€74,910 | +324% |
| Profit (loss) for the period to be appropriated | 9905 | €23,145 | €98,055 | +€74,910 | +324% |
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 28 October 2026 via checked.be.