MDWorks: 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.
MDWorks
Largest movements
- Receivables within one year +€10,125
up €10,125 (+2.9%), from €348,453 to €358,578
of which Trade receivables: +€7,377
- Cash +€8,204
up €8,204 (+445%), from €1,844 to €10,048
mainly Net result for the year (+€11,236) and Tax, wage and social debts (+€3,572)
- Profit (loss) carried forward +€11,236
up €11,236 (+18.0%), from €62,416 to €73,652
- Gross operating margin +€20,928
up €20,928, from -€5,103 to €15,825
- Taxes +€1,674
up €1,674, from €0 to €1,674
- Other operating charges +€1,233
up €1,233 (+101%), from €1,222 to €2,455
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 | €361,288 | €379,919 | +€18,631 | +5.2% |
| Fixed assets | 21/28 | €2,750 | €2,750 | = | 0.0% |
| Financial fixed assets | 28 | €2,750 | €2,750 | = | 0.0% |
| Current assets | 29/58 | €358,538 | €377,169 | +€18,631 | +5.2% |
| Amounts receivable after more than one year | 29 | €7,500 | €7,500 | = | 0.0% |
| Other amounts receivable | 291 | €7,500 | €7,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €348,453 | €358,578 | +€10,125 | +2.9% |
| Trade receivables | 40 | €326,626 | €334,003 | +€7,377 | +2.3% |
| Other amounts receivable | 41 | €21,827 | €24,575 | +€2,748 | +12.6% |
| Cash at bank and in hand | 54/58 | €1,844 | €10,048 | +€8,204 | +445% |
| Deferred charges and accrued income | 490/1 | €741 | €1,043 | +€302 | +40.7% |
| Total equity and liabilities | 10/49 | €361,288 | €379,919 | +€18,631 | +5.2% |
| Equity | 10/15 | €70,576 | €81,812 | +€11,236 | +15.9% |
| Contributions | 10/11 | €6,300 | €6,300 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €62,416 | €73,652 | +€11,236 | +18.0% |
| Amounts payable | 17/49 | €290,712 | €298,107 | +€7,395 | +2.5% |
| Amounts payable within one year | 42/48 | €290,712 | €298,107 | +€7,395 | +2.5% |
| Financial debts | 43 | €3,252 | €3,261 | +€9 | +0.3% |
| Credit institutions | 430/8 | €3,252 | €3,261 | +€9 | +0.3% |
| Trade debts | 44 | €279,373 | €282,120 | +€2,747 | +1.0% |
| Suppliers | 440/4 | €279,373 | €282,120 | +€2,747 | +1.0% |
| Advances received on contracts in progress | 46 | €2,940 | €3,360 | +€420 | +14.3% |
| Taxes, remuneration and social security | 45 | €1,788 | €5,360 | +€3,572 | +200% |
| Taxes | 450/3 | €1,788 | €1,456 | -€332 | -18.6% |
| Remuneration and social security | 454/9 | - | €3,903 | +€3,903 | |
| Other amounts payable | 47/48 | €3,359 | €4,007 | +€648 | +19.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €1,222 | €2,455 | +€1,233 | +101% |
| Gross operating margin | 9900 | -€5,103 | €15,825 | +€20,928 | |
| Operating profit (loss) | 9901 | -€6,325 | €13,370 | +€19,695 | |
| Financial income | 75/76B | €7 | €0 | -€7 | -96.4% |
| Recurring financial income | 75 | €7 | €0 | -€7 | -96.4% |
| Financial charges | 65/66B | €480 | €461 | -€19 | -4.0% |
| Recurring financial charges | 65 | €480 | €461 | -€19 | -4.0% |
| Profit (loss) for the period before taxes | 9903 | -€6,797 | €12,909 | +€19,707 | |
| Income taxes | 67/77 | €0 | €1,674 | +€1,674 | |
| Profit (loss) for the period | 9904 | -€6,797 | €11,236 | +€18,033 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,797 | €11,236 | +€18,033 |
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 20 October 2026 via checked.be.