MDW Deconstruction: 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.
What changed
MDW Deconstruction
NACE 69.209, Other tax advisory services
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€1.4m
2024 · €1.8m-€316,285
Equity
€2.9m
2024 · €1.4m+€1.4m
Cash
€16,606
2024 · €137,942-€121,336
Balance sheet total
€25.9m
2024 · €24.9m+€994,613
Largest movements
Assets
- Receivables within one year +€1.1m
up €1.1m (+879%), from €124,273 to €1.2m
of which Other amounts receivable: +€1.0m
Equity and liabilities
- Profit (loss) carried forward +€1.4m
up €1.4m (+105%), from €1.4m to €2.8m
- Debts after one year -€1.1m
down €1.1m (-9.3%), from €12.4m to €11.2m
- Other debts +€284,000
up €284,000 (+3.0%), from €9.5m to €9.8m
Income statement
- Services and other goods +€287,029
up €287,029 (+86.4%), from €332,195 to €619,223
- Turnover +€100,080
up €100,080 (+27.4%), from €364,800 to €464,880
- Financial charges +€95,700
up €95,700 (+13.1%), from €733,202 to €828,902
- Financial income -€33,025
down €33,025 (-1.3%), from €2.5m to €2.4m
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.
Result 2024
€1.8m
Turnover
+€100,080
Services and other goods
-€287,029
Other operating charges
-€611
Financial income
-€33,025
Financial charges
-€95,700
Result 2025
€1.4m
raises the resultlowers the result
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.
From operations
+€967,854
Investment
€0
Financing
-€1.1m
Cash 2024
€137,942
From operations (derived)
+€967,854
Net result for the year
+€1.4m
Receivables within one year
-€1.1m
Deferred charges and accrued income
-€22,975
Trade debts
+€178,830
Other debts
+€284,000
Accrued charges and deferred income
+€182,241
Financing
-€1.1m
Debts after one year
-€1.1m
Current portion of long-term debt
+€57,839
Cash 2025
€16,606
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €24,916,976 | €25,911,588 | +€994,613 | +4.0% |
| Fixed assets | 21/28 | €24,654,761 | €24,654,761 | = | 0.0% |
| Financial fixed assets | 28 | €24,654,761 | €24,654,761 | = | 0.0% |
| Affiliated companies | 280/1 | €24,654,761 | €24,654,761 | = | 0.0% |
| Participating interests | 280 | €24,654,761 | €24,654,761 | = | 0.0% |
| Current assets | 29/58 | €262,215 | €1,256,828 | +€994,613 | +379% |
| Amounts receivable within one year | 40/41 | €124,273 | €1,217,246 | +€1.1m | +879% |
| Trade receivables | 40 | €120,928 | €203,194 | +€82,266 | +68.0% |
| Other amounts receivable | 41 | €3,345 | €1,014,052 | +€1.0m | +30,219% |
| Cash at bank and in hand | 54/58 | €137,942 | €16,606 | -€121,336 | -88.0% |
| Deferred charges and accrued income | 490/1 | - | €22,975 | +€22,975 | |
| Total equity and liabilities | 10/49 | €24,916,976 | €25,911,588 | +€994,613 | +4.0% |
| Equity | 10/15 | €1,442,851 | €2,881,583 | +€1.4m | +99.7% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €6,150 | €6,150 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,375,201 | €2,813,933 | +€1.4m | +105% |
| Amounts payable | 17/49 | €23,474,124 | €23,030,006 | -€444,119 | -1.9% |
| Amounts payable after more than one year | 17 | €12,377,129 | €11,230,101 | -€1.1m | -9.3% |
| Financial debts | 170/4 | €12,377,129 | €11,230,101 | -€1.1m | -9.3% |
| Subordinated loans | 170 | €6,000,000 | €6,000,000 | = | 0.0% |
| Credit institutions | 173 | €6,377,129 | €5,230,101 | -€1.1m | -18.0% |
| Amounts payable within one year | 42/48 | €10,692,284 | €11,212,953 | +€520,668 | +4.9% |
| Current portion of amounts payable after more than one year | 42 | €1,089,189 | €1,147,028 | +€57,839 | +5.3% |
| Trade debts | 44 | €89,334 | €268,164 | +€178,830 | +200% |
| Suppliers | 440/4 | €89,334 | €268,164 | +€178,830 | +200% |
| Other amounts payable | 47/48 | €9,513,761 | €9,797,761 | +€284,000 | +3.0% |
| Accrued charges and deferred income | 492/3 | €404,711 | €586,952 | +€182,241 | +45.0% |
| Operating income | 70/76A | €364,800 | €464,880 | +€100,080 | +27.4% |
| Turnover | 70 | €364,800 | €464,880 | +€100,080 | +27.4% |
| Operating charges | 60/66A | €332,582 | €620,222 | +€287,640 | +86.5% |
| Services and other goods | 61 | €332,195 | €619,223 | +€287,029 | +86.4% |
| Other operating charges | 640/8 | €387 | €998 | +€611 | +158% |
| Operating profit (loss) | 9901 | €32,218 | -€155,342 | -€187,560 | |
| Financial income | 75/76B | €2,456,000 | €2,422,975 | -€33,025 | -1.3% |
| Recurring financial income | 75 | €2,456,000 | €2,422,975 | -€33,025 | -1.3% |
| Income from financial fixed assets | 750 | €2,456,000 | €2,400,000 | -€56,000 | -2.3% |
| Income from current assets | 751 | - | €22,975 | +€22,975 | |
| Financial charges | 65/66B | €733,202 | €828,902 | +€95,700 | +13.1% |
| Recurring financial charges | 65 | €733,202 | €828,902 | +€95,700 | +13.1% |
| Debt charges | 650 | €731,652 | €827,213 | +€95,561 | +13.1% |
| Other financial charges | 652/9 | €1,550 | €1,689 | +€139 | +9.0% |
| Profit (loss) for the period before taxes | 9903 | €1,755,016 | €1,438,731 | -€316,285 | -18.0% |
| Profit (loss) for the period | 9904 | €1,755,016 | €1,438,731 | -€316,285 | -18.0% |
| Profit (loss) for the period to be appropriated | 9905 | €1,755,016 | €1,438,731 | -€316,285 | -18.0% |
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 19 October 2026 via checked.be.