MLDENT: 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.
MLDENT
Largest movements
- Tangible fixed assets +€259,773
up €259,773 (+1,907%), from €13,626 to €273,399
of which Land and buildings: +€261,785
- Cash -€42,040
down €42,040 (-53.9%), from €77,935 to €35,895
mainly Investment in fixed assets (net) (-€270,082) and Contributions, distributions and other (-€31,244)
- Deferred charges and accrued income +€6,524
up €6,524 (+31.7%), from €20,553 to €27,077
- Receivables within one year +€5,285
new in 2025: €5,285
- Debts after one year +€261,610
new in 2025: €261,610
- Other debts -€19,130
down €19,130 (-19.9%), from €96,176 to €77,046
- Tax, wage and social debts -€11,342
no longer reported in 2025 (was €11,342)
of which Taxes: -€9,209
- Gross operating margin -€38,611
down €38,611 (-40.3%), from €95,718 to €57,107
- Taxes -€9,938
down €9,938 (-50.6%), from €19,653 to €9,715
- Financial charges +€5,198
up €5,198 (+4,736%), from €110 to €5,308
- Depreciation +€2,992
up €2,992 (+40.9%), from €7,316 to €10,309
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 | €112,114 | €341,656 | +€229,543 | +205% |
| Fixed assets | 21/28 | €13,626 | €273,399 | +€259,773 | +1,907% |
| Tangible fixed assets | 22/27 | €13,626 | €273,399 | +€259,773 | +1,907% |
| Land and buildings | 22 | - | €261,785 | +€261,785 | |
| Plant, machinery and equipment | 23 | €2,065 | €1,095 | -€970 | -47.0% |
| Furniture and vehicles | 24 | €11,561 | €5,437 | -€6,123 | -53.0% |
| Assets under construction and advance payments | 27 | - | €5,082 | +€5,082 | |
| Current assets | 29/58 | €98,488 | €68,258 | -€30,231 | -30.7% |
| Amounts receivable within one year | 40/41 | - | €5,285 | +€5,285 | |
| Other amounts receivable | 41 | - | €5,285 | +€5,285 | |
| Cash at bank and in hand | 54/58 | €77,935 | €35,895 | -€42,040 | -53.9% |
| Deferred charges and accrued income | 490/1 | €20,553 | €27,077 | +€6,524 | +31.7% |
| Total equity and liabilities | 10/49 | €112,114 | €341,656 | +€229,543 | +205% |
| Equity | 10/15 | €3,000 | €3,000 | = | 0.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Amounts payable | 17/49 | €109,114 | €338,656 | +€229,543 | +210% |
| Amounts payable after more than one year | 17 | - | €261,610 | +€261,610 | |
| Financial debts | 170/4 | - | €261,610 | +€261,610 | |
| Amounts payable within one year | 42/48 | €109,114 | €77,046 | -€32,067 | -29.4% |
| Trade debts | 44 | €1,596 | - | -€1,596 | |
| Suppliers | 440/4 | €1,596 | - | -€1,596 | |
| Taxes, remuneration and social security | 45 | €11,342 | - | -€11,342 | |
| Taxes | 450/3 | €9,209 | - | -€9,209 | |
| Remuneration and social security | 454/9 | €2,133 | - | -€2,133 | |
| Other amounts payable | 47/48 | €96,176 | €77,046 | -€19,130 | -19.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,316 | €10,309 | +€2,992 | +40.9% |
| Other operating charges | 640/8 | €511 | €532 | +€20 | +4.0% |
| Gross operating margin | 9900 | €95,718 | €57,107 | -€38,611 | -40.3% |
| Operating profit (loss) | 9901 | €87,891 | €46,267 | -€41,624 | -47.4% |
| Financial charges | 65/66B | €110 | €5,308 | +€5,198 | +4,736% |
| Recurring financial charges | 65 | €110 | €5,308 | +€5,198 | +4,736% |
| Profit (loss) for the period before taxes | 9903 | €87,781 | €40,959 | -€46,822 | -53.3% |
| Income taxes | 67/77 | €19,653 | €9,715 | -€9,938 | -50.6% |
| Profit (loss) for the period | 9904 | €68,128 | €31,244 | -€36,884 | -54.1% |
| Profit (loss) for the period to be appropriated | 9905 | €68,128 | €31,244 | -€36,884 | -54.1% |
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 21 October 2026 via checked.be.