MLD-DK: 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.
MLD-DK
Largest movements
- Intangible fixed assets -€66,500
down €66,500 (-10.4%), from €637,547 to €571,047
- Receivables within one year +€57,528
up €57,528 (+19.4%), from €296,322 to €353,850
- Tangible fixed assets -€16,667
down €16,667 (-38.7%), from €43,120 to €26,453
- Debts after one year -€99,160
down €99,160 (-15.1%), from €655,286 to €556,126
- Tax, wage and social debts +€42,187
up €42,187 (+54.3%), from €77,686 to €119,874
of which Remuneration and social security: +€28,967
- Current portion of long-term debt +€24,034
up €24,034 (+32.0%), from €75,126 to €99,160
- Trade debts +€13,750
up €13,750 (+11.7%), from €117,604 to €131,354
- Gross operating margin +€478,046
up €478,046 (+280.2%), from €170,583 to €648,629
- Staff costs +€309,380
up €309,380 (+140.2%), from €220,609 to €529,989
- Depreciation +€48,834
up €48,834 (+142.2%), from €34,333 to €83,167
- Financial charges +€8,281
up €8,281 (+34.9%), from €23,696 to €31,977
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 | €1,088,262 | €1,076,305 | -€11,956 | -1.1% |
| Fixed assets | 21/28 | €680,667 | €597,500 | -€83,167 | -12.2% |
| Intangible fixed assets | 21 | €637,547 | €571,047 | -€66,500 | -10.4% |
| Tangible fixed assets | 22/27 | €43,120 | €26,453 | -€16,667 | -38.7% |
| Plant, machinery and equipment | 23 | €43,120 | €26,453 | -€16,667 | -38.7% |
| Current assets | 29/58 | €407,594 | €478,805 | +€71,210 | +17.5% |
| Stocks and contracts in progress | 3 | €34,769 | €34,379 | -€390 | -1.1% |
| Stocks | 30/36 | €34,769 | €34,379 | -€390 | -1.1% |
| Amounts receivable within one year | 40/41 | €296,322 | €353,850 | +€57,528 | +19.4% |
| Trade receivables | 40 | €296,322 | €353,850 | +€57,528 | +19.4% |
| Cash at bank and in hand | 54/58 | €74,788 | €81,888 | +€7,101 | +9.5% |
| Deferred charges and accrued income | 490/1 | €1,716 | €8,688 | +€6,972 | +406.3% |
| Total equity and liabilities | 10/49 | €1,088,262 | €1,076,305 | -€11,956 | -1.1% |
| Equity | 10/15 | €87,558 | €85,270 | -€2,288 | -2.6% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€112,442 | -€114,730 | -€2,288 | -2.0% |
| Amounts payable | 17/49 | €1,000,703 | €991,035 | -€9,668 | -1.0% |
| Amounts payable after more than one year | 17 | €655,286 | €556,126 | -€99,160 | -15.1% |
| Financial debts | 170/4 | €655,286 | €556,126 | -€99,160 | -15.1% |
| Amounts payable within one year | 42/48 | €345,417 | €434,909 | +€89,492 | +25.9% |
| Current portion of amounts payable after more than one year | 42 | €75,126 | €99,160 | +€24,034 | +32.0% |
| Financial debts | 43 | €75,000 | €84,521 | +€9,521 | +12.7% |
| Credit institutions | 430/8 | €75,000 | €84,521 | +€9,521 | +12.7% |
| Trade debts | 44 | €117,604 | €131,354 | +€13,750 | +11.7% |
| Suppliers | 440/4 | €117,604 | €131,354 | +€13,750 | +11.7% |
| Taxes, remuneration and social security | 45 | €77,686 | €119,874 | +€42,187 | +54.3% |
| Taxes | 450/3 | €29,229 | €42,450 | +€13,220 | +45.2% |
| Remuneration and social security | 454/9 | €48,457 | €77,424 | +€28,967 | +59.8% |
| Remuneration, social security and pensions | 62 | €220,609 | €529,989 | +€309,380 | +140.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,333 | €83,167 | +€48,834 | +142.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €4,957 | +€4,957 | |
| Other operating charges | 640/8 | €4,391 | €2,179 | -€2,212 | -50.4% |
| Gross operating margin | 9900 | €170,583 | €648,629 | +€478,046 | +280.2% |
| Operating profit (loss) | 9901 | -€88,750 | €28,337 | +€117,086 | |
| Financial income | 75/76B | €4 | €1,352 | +€1,348 | +31200.2% |
| Recurring financial income | 75 | €4 | €1,352 | +€1,348 | +31200.2% |
| Financial charges | 65/66B | €23,696 | €31,977 | +€8,281 | +34.9% |
| Recurring financial charges | 65 | €23,696 | €31,977 | +€8,281 | +34.9% |
| Profit (loss) for the period before taxes | 9903 | -€112,442 | -€2,288 | +€110,153 | +98.0% |
| Profit (loss) for the period | 9904 | -€112,442 | -€2,288 | +€110,153 | +98.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€112,442 | -€2,288 | +€110,153 | +98.0% |
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.