MDW: 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.
MDW
Largest movements
- Cash +€40,946
up €40,946 (+257.6%), from €15,895 to €56,841
mainly Net result for the year (+€30,876) and Tax, wage and social debts (+€9,498)
- Reserves +€30,876
up €30,876 (+454.4%), from €6,795 to €37,672
- Tax, wage and social debts +€9,498
up €9,498 (+205.3%), from €4,627 to €14,126
- Trade debts +€572
new in 2025: €572
- Gross operating margin +€33,715
up €33,715 (+359.7%), from €9,374 to €43,089
- Taxes +€9,058
up €9,058 (+355.5%), from €2,548 to €11,606
- Other operating charges +€453
new in 2025: €453
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 | €15,895 | €56,841 | +€40,946 | +257.6% |
| Current assets | 29/58 | €15,895 | €56,841 | +€40,946 | +257.6% |
| Cash at bank and in hand | 54/58 | €15,895 | €56,841 | +€40,946 | +257.6% |
| Total equity and liabilities | 10/49 | €15,895 | €56,841 | +€40,946 | +257.6% |
| Equity | 10/15 | €9,795 | €40,672 | +€30,876 | +315.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €6,795 | €37,672 | +€30,876 | +454.4% |
| Distributable reserves | 133 | €6,795 | €37,672 | +€30,876 | +454.4% |
| Amounts payable | 17/49 | €6,100 | €16,170 | +€10,070 | +165.1% |
| Amounts payable within one year | 42/48 | €6,100 | €16,170 | +€10,070 | +165.1% |
| Trade debts | 44 | - | €572 | +€572 | |
| Suppliers | 440/4 | - | €572 | +€572 | |
| Taxes, remuneration and social security | 45 | €4,627 | €14,126 | +€9,498 | +205.3% |
| Taxes | 450/3 | €4,627 | €14,126 | +€9,498 | +205.3% |
| Other amounts payable | 47/48 | €1,472 | €1,472 | = | 0.0% |
| Other operating charges | 640/8 | - | €453 | +€453 | |
| Gross operating margin | 9900 | €9,374 | €43,089 | +€33,715 | +359.7% |
| Operating profit (loss) | 9901 | €9,374 | €42,636 | +€33,262 | +354.8% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €31 | €153 | +€123 | +399.6% |
| Recurring financial charges | 65 | €31 | €153 | +€123 | +399.6% |
| Profit (loss) for the period before taxes | 9903 | €9,343 | €42,482 | +€33,139 | +354.7% |
| Income taxes | 67/77 | €2,548 | €11,606 | +€9,058 | +355.5% |
| Profit (loss) for the period | 9904 | €6,795 | €30,876 | +€24,081 | +354.4% |
| Profit (loss) for the period to be appropriated | 9905 | €6,795 | €30,876 | +€24,081 | +354.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.