MDW-GYN: 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-GYN
Largest movements
- Cash +€17,884
up €17,884 (+79.0%), from €22,627 to €40,511
mainly Net result for the year (+€38,871) and Tax, wage and social debts (+€5,343)
- Current investments +€9,000
new in 2025: €9,000
- Receivables within one year +€8,390
new in 2025: €8,390
of which Other amounts receivable: +€8,193
- Tangible fixed assets +€3,059
up €3,059 (+15.8%), from €19,310 to €22,369
- Profit (loss) carried forward +€38,871
up €38,871 (+231.9%), from €16,758 to €55,629
- Tax, wage and social debts +€5,343
up €5,343 (+89.1%), from €6,000 to €11,343
- Debts after one year -€4,816
down €4,816 (-46.8%), from €10,297 to €5,481
- Other debts -€1,198
no longer reported in 2025 (was €1,198)
- Gross operating margin +€32,040
up €32,040 (+136.0%), from €23,565 to €55,606
- Taxes +€4,342
up €4,342 (+72.4%), from €6,000 to €10,342
- Depreciation +€2,708
up €2,708 (+459.2%), from €590 to €3,298
- Other operating charges +€2,200
up €2,200 (+2085.4%), from €106 to €2,306
- Financial charges +€671
up €671 (+568.4%), from €118 to €789
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 | €41,937 | €80,270 | +€38,332 | +91.4% |
| Fixed assets | 21/28 | €19,310 | €22,369 | +€3,059 | +15.8% |
| Tangible fixed assets | 22/27 | €19,310 | €22,369 | +€3,059 | +15.8% |
| Furniture and vehicles | 24 | €19,310 | €22,369 | +€3,059 | +15.8% |
| Current assets | 29/58 | €22,627 | €57,901 | +€35,274 | +155.9% |
| Amounts receivable within one year | 40/41 | - | €8,390 | +€8,390 | |
| Trade receivables | 40 | - | €197 | +€197 | |
| Other amounts receivable | 41 | - | €8,193 | +€8,193 | |
| Current investments | 50/53 | - | €9,000 | +€9,000 | |
| Cash at bank and in hand | 54/58 | €22,627 | €40,511 | +€17,884 | +79.0% |
| Total equity and liabilities | 10/49 | €41,937 | €80,270 | +€38,332 | +91.4% |
| Equity | 10/15 | €19,758 | €58,629 | +€38,871 | +196.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €16,758 | €55,629 | +€38,871 | +231.9% |
| Amounts payable | 17/49 | €22,179 | €21,641 | -€539 | -2.4% |
| Amounts payable after more than one year | 17 | €10,297 | €5,481 | -€4,816 | -46.8% |
| Financial debts | 170/4 | €10,297 | €5,481 | -€4,816 | -46.8% |
| Amounts payable within one year | 42/48 | €11,882 | €16,160 | +€4,278 | +36.0% |
| Current portion of amounts payable after more than one year | 42 | €4,220 | €4,816 | +€597 | +14.1% |
| Trade debts | 44 | €464 | - | -€464 | |
| Suppliers | 440/4 | €464 | - | -€464 | |
| Taxes, remuneration and social security | 45 | €6,000 | €11,343 | +€5,343 | +89.1% |
| Taxes | 450/3 | €6,000 | €11,343 | +€5,343 | +89.1% |
| Other amounts payable | 47/48 | €1,198 | - | -€1,198 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €590 | €3,298 | +€2,708 | +459.2% |
| Other operating charges | 640/8 | €106 | €2,306 | +€2,200 | +2085.4% |
| Gross operating margin | 9900 | €23,565 | €55,606 | +€32,040 | +136.0% |
| Operating profit (loss) | 9901 | €22,870 | €50,002 | +€27,132 | +118.6% |
| Financial income | 75/76B | €6 | - | -€6 | |
| Recurring financial income | 75 | €6 | - | -€6 | |
| Financial charges | 65/66B | €118 | €789 | +€671 | +568.4% |
| Recurring financial charges | 65 | €118 | €789 | +€671 | +568.4% |
| Profit (loss) for the period before taxes | 9903 | €22,758 | €49,213 | +€26,455 | +116.2% |
| Income taxes | 67/77 | €6,000 | €10,342 | +€4,342 | +72.4% |
| Profit (loss) for the period | 9904 | €16,758 | €38,871 | +€22,113 | +131.9% |
| Profit (loss) for the period to be appropriated | 9905 | €16,758 | €38,871 | +€22,113 | +131.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.