MDworx: 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.
MDworx
Largest movements
- Tangible fixed assets -€11,041
down €11,041 (-52.9%), from €20,868 to €9,827
- Cash +€2,968
up €2,968 (+3,231%), from €92 to €3,060
mainly Depreciation (+€11,041) and Trade debts (+€3,222)
- Receivables within one year +€1,200
up €1,200 (+24.1%), from €4,976 to €6,176
of which Trade receivables: +€1,403
- Deferred charges and accrued income -€350
down €350 (-67.7%), from €517 to €167
- Reserves -€5,519
down €5,519 (-28.0%), from €19,695 to €14,175
- Profit (loss) carried forward -€4,734
new in 2025: -€4,734
- Trade debts +€3,222
up €3,222 (+2,048%), from €157 to €3,379
- Gross operating margin -€4,427
down €4,427 (-65.6%), from €6,752 to €2,325
- Other operating charges -€601
down €601 (-33.9%), from €1,773 to €1,172
- Depreciation -€230
down €230 (-2.0%), from €11,272 to €11,041
- Taxes -€192
down €192 (-47.8%), from €401 to €209
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 | €26,453 | €19,230 | -€7,223 | -27.3% |
| Fixed assets | 21/28 | €20,868 | €9,827 | -€11,041 | -52.9% |
| Tangible fixed assets | 22/27 | €20,868 | €9,827 | -€11,041 | -52.9% |
| Furniture and vehicles | 24 | €20,868 | €9,827 | -€11,041 | -52.9% |
| Current assets | 29/58 | €5,585 | €9,403 | +€3,818 | +68.4% |
| Amounts receivable within one year | 40/41 | €4,976 | €6,176 | +€1,200 | +24.1% |
| Trade receivables | 40 | €3,858 | €5,261 | +€1,403 | +36.4% |
| Other amounts receivable | 41 | €1,118 | €915 | -€203 | -18.1% |
| Cash at bank and in hand | 54/58 | €92 | €3,060 | +€2,968 | +3,231% |
| Deferred charges and accrued income | 490/1 | €517 | €167 | -€350 | -67.7% |
| Total equity and liabilities | 10/49 | €26,453 | €19,230 | -€7,223 | -27.3% |
| Equity | 10/15 | €25,895 | €15,641 | -€10,254 | -39.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €19,695 | €14,175 | -€5,519 | -28.0% |
| Distributable reserves | 133 | €19,695 | €14,175 | -€5,519 | -28.0% |
| Profit (loss) carried forward | 14 | - | -€4,734 | -€4,734 | |
| Amounts payable | 17/49 | €558 | €3,588 | +€3,030 | +543% |
| Amounts payable within one year | 42/48 | €558 | €3,588 | +€3,030 | +543% |
| Trade debts | 44 | €157 | €3,379 | +€3,222 | +2,048% |
| Suppliers | 440/4 | €157 | €3,379 | +€3,222 | +2,048% |
| Taxes, remuneration and social security | 45 | €401 | €209 | -€192 | -47.8% |
| Taxes | 450/3 | €401 | €209 | -€192 | -47.8% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,272 | €11,041 | -€230 | -2.0% |
| Other operating charges | 640/8 | €1,773 | €1,172 | -€601 | -33.9% |
| Gross operating margin | 9900 | €6,752 | €2,325 | -€4,427 | -65.6% |
| Operating profit (loss) | 9901 | -€6,292 | -€9,888 | -€3,596 | -57.1% |
| Financial income | 75/76B | €0 | €1 | +€1 | +14,500% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +14,500% |
| Financial charges | 65/66B | €162 | €158 | -€5 | -2.8% |
| Recurring financial charges | 65 | €162 | €158 | -€5 | -2.8% |
| Profit (loss) for the period before taxes | 9903 | -€6,454 | -€10,044 | -€3,590 | -55.6% |
| Income taxes | 67/77 | €401 | €209 | -€192 | -47.8% |
| Profit (loss) for the period | 9904 | -€6,855 | -€10,254 | -€3,398 | -49.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,855 | -€10,254 | -€3,398 | -49.6% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.