MDY LAW: 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.
MDY LAW
Largest movements
- Tangible fixed assets -€3,641
down €3,641 (-28.8%), from €12,630 to €8,989
of which Leasing and similar rights: -€6,246
- Receivables within one year +€2,654
up €2,654 (+92.9%), from €2,857 to €5,511
- Deferred charges and accrued income +€1,684
up €1,684 (+344%), from €490 to €2,173
- Formation expenses -€491
down €491 (-23.1%), from €2,128 to €1,636
- Debts after one year -€5,049
down €5,049 (-53.2%), from €9,500 to €4,450
- Tax, wage and social debts +€2,901
up €2,901 (+67.9%), from €4,270 to €7,171
- Other debts +€814
up €814 (+138%), from €592 to €1,405
- Trade debts +€769
up €769 (+119%), from €647 to €1,416
- Profit (loss) carried forward +€429
up €429 (+374%), from €115 to €544
- Gross operating margin +€1,488
up €1,488 (+16.0%), from €9,310 to €10,798
- Depreciation +€644
up €644 (+10.0%), from €6,438 to €7,082
- Taxes +€385
up €385 (+29.4%), from €1,310 to €1,695
- Other operating charges +€219
up €219 (+38.7%), from €566 to €785
- Financial charges -€183
down €183 (-19.9%), from €919 to €736
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 | €24,924 | €25,059 | +€135 | +0.5% |
| Formation expenses | 20 | €2,128 | €1,636 | -€491 | -23.1% |
| Fixed assets | 21/28 | €13,030 | €9,389 | -€3,641 | -27.9% |
| Tangible fixed assets | 22/27 | €12,630 | €8,989 | -€3,641 | -28.8% |
| Furniture and vehicles | 24 | - | €2,605 | +€2,605 | |
| Leasing and similar rights | 25 | €12,630 | €6,384 | -€6,246 | -49.5% |
| Financial fixed assets | 28 | €400 | €400 | = | 0.0% |
| Current assets | 29/58 | €9,767 | €14,034 | +€4,267 | +43.7% |
| Amounts receivable within one year | 40/41 | €2,857 | €5,511 | +€2,654 | +92.9% |
| Trade receivables | 40 | €2,857 | €5,511 | +€2,654 | +92.9% |
| Cash at bank and in hand | 54/58 | €6,420 | €6,350 | -€70 | -1.1% |
| Deferred charges and accrued income | 490/1 | €490 | €2,173 | +€1,684 | +344% |
| Total equity and liabilities | 10/49 | €24,924 | €25,059 | +€135 | +0.5% |
| Equity | 10/15 | €5,115 | €5,544 | +€429 | +8.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €115 | €544 | +€429 | +374% |
| Amounts payable | 17/49 | €19,809 | €19,515 | -€295 | -1.5% |
| Amounts payable after more than one year | 17 | €9,500 | €4,450 | -€5,049 | -53.2% |
| Financial debts | 170/4 | €9,500 | €4,450 | -€5,049 | -53.2% |
| Amounts payable within one year | 42/48 | €10,307 | €15,042 | +€4,736 | +45.9% |
| Current portion of amounts payable after more than one year | 42 | €4,798 | €5,049 | +€251 | +5.2% |
| Trade debts | 44 | €647 | €1,416 | +€769 | +119% |
| Suppliers | 440/4 | €647 | €1,416 | +€769 | +119% |
| Taxes, remuneration and social security | 45 | €4,270 | €7,171 | +€2,901 | +67.9% |
| Taxes | 450/3 | €4,270 | €7,171 | +€2,901 | +67.9% |
| Other amounts payable | 47/48 | €592 | €1,405 | +€814 | +138% |
| Accrued charges and deferred income | 492/3 | €3 | €22 | +€19 | +565% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,438 | €7,082 | +€644 | +10.0% |
| Other operating charges | 640/8 | €566 | €785 | +€219 | +38.7% |
| Non-recurring operating charges | 66A | - | €90 | +€90 | |
| Gross operating margin | 9900 | €9,310 | €10,798 | +€1,488 | +16.0% |
| Operating profit (loss) | 9901 | €2,306 | €2,841 | +€534 | +23.2% |
| Financial income | 75/76B | €37 | €20 | -€18 | -47.4% |
| Recurring financial income | 75 | €37 | €20 | -€18 | -47.4% |
| Financial charges | 65/66B | €919 | €736 | -€183 | -19.9% |
| Recurring financial charges | 65 | €919 | €736 | -€183 | -19.9% |
| Profit (loss) for the period before taxes | 9903 | €1,425 | €2,124 | +€699 | +49.1% |
| Income taxes | 67/77 | €1,310 | €1,695 | +€385 | +29.4% |
| Profit (loss) for the period | 9904 | €115 | €429 | +€314 | +274% |
| Profit (loss) for the period to be appropriated | 9905 | €115 | €429 | +€314 | +274% |
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.