MLDL: 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.
What changed
MLDL
NACE 47.110, Non-specialised retail sale with food, beverages or tobacco predominating
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€37,205
2024 · €25,323+€11,883
Equity
€103,528
2024 · €125,323-€21,795
Cash
€286,294
2024 · €1.5m-€1.2m
Balance sheet total
€4.5m
2024 · €2.4m+€2.2m
Largest movements
Assets
- Tangible fixed assets +€2.1m
up €2.1m (+4146.3%), from €50,130 to €2.1m
of which Other tangible fixed assets: +€1.9m
- Cash -€1.2m
down €1.2m (-81.2%), from €1.5m to €286,294
mainly Investment in fixed assets (net) (-€2.3m) and Current investments (-€1.0m)
- Current investments +€1.0m
new in 2025: €1.0m
- Stocks and contracts +€302,917
up €302,917 (+53.9%), from €561,866 to €864,782
Equity and liabilities
- Debts after one year +€2.0m
up €2.0m (+987.5%), from €200,000 to €2.2m
- Current portion of long-term debt +€300,277
new in 2025: €300,277
- Accrued charges and deferred income -€144,637
down €144,637 (-77.4%), from €186,872 to €42,235
- Other debts +€59,179
new in 2025: €59,179
- Tax, wage and social debts +€50,182
up €50,182 (+15.2%), from €330,796 to €380,978
of which Remuneration and social security: +€88,770
Income statement
- Gross operating margin +€683,991
up €683,991 (+35.7%), from €1.9m to €2.6m
- Staff costs +€418,757
up €418,757 (+23.0%), from €1.8m to €2.2m
- Depreciation +€154,226
up €154,226 (+498.6%), from €30,934 to €185,160
- Financial charges +€85,225
up €85,225 (+219.3%), from €38,860 to €124,085
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.
Result 2024
€25,323
Gross operating margin
+€683,991
Staff costs
-€418,757
Depreciation
-€154,226
Other operating charges
-€11,869
Other operating items
-€192
Financial income
+€8,613
Financial charges
-€85,225
Taxes
-€10,452
Result 2025
€37,205
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.
From operations
-€132,354
Investment
-€3.3m
Financing
+€2.2m
Cash 2024
€1.5m
From operations (derived)
-€132,354
Net result for the year
+€37,205
Depreciation
+€185,160
Stocks and contracts
-€302,917
Receivables within one year
-€8,200
Deferred charges and accrued income
-€26,949
Provisions
-€19,772
Trade debts
+€38,395
Tax, wage and social debts
+€50,182
Other debts
+€59,179
Accrued charges and deferred income
-€144,637
Investment (derived)
-€3.3m
Investment in fixed assets (net)
-€2.3m
Current investments
-€1.0m
Financing
+€2.2m
Debts after one year
+€2.0m
Current portion of long-term debt
+€300,277
Short-term financial debts
-€50,000
Contributions, distributions and other
-€59,000
Cash 2025
€286,294
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,350,950 | €4,537,777 | +€2.2m | +93.0% |
| Fixed assets | 21/28 | €50,631 | €2,134,912 | +€2.1m | +4116.6% |
| Intangible fixed assets | 21 | €1 | €5,718 | +€5,717 | +649667.0% |
| Tangible fixed assets | 22/27 | €50,130 | €2,128,694 | +€2.1m | +4146.3% |
| Plant, machinery and equipment | 23 | €5,494 | €86,979 | +€81,485 | +1483.3% |
| Furniture and vehicles | 24 | €9,050 | €109,816 | +€100,765 | +1113.4% |
| Other tangible fixed assets | 26 | €35,586 | €1,931,899 | +€1.9m | +5328.8% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €2,300,319 | €2,402,865 | +€102,546 | +4.5% |
| Stocks and contracts in progress | 3 | €561,866 | €864,782 | +€302,917 | +53.9% |
| Stocks | 30/36 | €561,866 | €864,782 | +€302,917 | +53.9% |
| Amounts receivable within one year | 40/41 | €215,596 | €223,796 | +€8,200 | +3.8% |
| Trade receivables | 40 | €215,596 | €180,034 | -€35,562 | -16.5% |
| Other amounts receivable | 41 | - | €43,762 | +€43,762 | |
| Current investments | 50/53 | - | €1,000,000 | +€1.0m | |
| Cash at bank and in hand | 54/58 | €1,521,814 | €286,294 | -€1.2m | -81.2% |
| Deferred charges and accrued income | 490/1 | €1,044 | €27,993 | +€26,949 | +2581.7% |
| Total equity and liabilities | 10/49 | €2,350,950 | €4,537,777 | +€2.2m | +93.0% |
| Equity | 10/15 | €125,323 | €103,528 | -€21,795 | -17.4% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €1,266 | €3,126 | +€1,860 | +146.9% |
| Non-distributable reserves | 130/1 | €1,266 | €3,126 | +€1,860 | +146.9% |
| Legal reserve | 130 | €1,266 | €3,126 | +€1,860 | +146.9% |
| Profit (loss) carried forward | 14 | €24,057 | €401 | -€23,655 | -98.3% |
| Provisions and deferred taxes | 16 | €51,606 | €31,834 | -€19,772 | -38.3% |
| Provisions for liabilities and charges | 160/5 | €51,606 | €31,834 | -€19,772 | -38.3% |
| Other liabilities and charges | 164/5 | €51,606 | €31,834 | -€19,772 | -38.3% |
| Amounts payable | 17/49 | €2,174,022 | €4,402,415 | +€2.2m | +102.5% |
| Amounts payable after more than one year | 17 | €200,000 | €2,174,998 | +€2.0m | +987.5% |
| Financial debts | 170/4 | €200,000 | €2,174,998 | +€2.0m | +987.5% |
| Amounts payable within one year | 42/48 | €1,787,149 | €2,185,182 | +€398,033 | +22.3% |
| Current portion of amounts payable after more than one year | 42 | - | €300,277 | +€300,277 | |
| Financial debts | 43 | €250,000 | €200,000 | -€50,000 | -20.0% |
| Credit institutions | 430/8 | €250,000 | €200,000 | -€50,000 | -20.0% |
| Trade debts | 44 | €1,206,353 | €1,244,748 | +€38,395 | +3.2% |
| Suppliers | 440/4 | €1,206,353 | €1,244,748 | +€38,395 | +3.2% |
| Taxes, remuneration and social security | 45 | €330,796 | €380,978 | +€50,182 | +15.2% |
| Taxes | 450/3 | €78,843 | €40,255 | -€38,588 | -48.9% |
| Remuneration and social security | 454/9 | €251,953 | €340,723 | +€88,770 | +35.2% |
| Other amounts payable | 47/48 | - | €59,179 | +€59,179 | |
| Accrued charges and deferred income | 492/3 | €186,872 | €42,235 | -€144,637 | -77.4% |
| Non-recurring operating income | 76A | €78 | €95,349 | +€95,271 | +122488.3% |
| Remuneration, social security and pensions | 62 | €1,817,584 | €2,236,341 | +€418,757 | +23.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,934 | €185,160 | +€154,226 | +498.6% |
| Other operating charges | 640/8 | €2,677 | €14,546 | +€11,869 | +443.4% |
| Non-recurring operating charges | 66A | €7 | €199 | +€192 | +2563.8% |
| Gross operating margin | 9900 | €1,914,421 | €2,598,412 | +€683,991 | +35.7% |
| Operating profit (loss) | 9901 | €63,219 | €162,166 | +€98,947 | +156.5% |
| Financial income | 75/76B | €13,804 | €22,416 | +€8,613 | +62.4% |
| Recurring financial income | 75 | €13,804 | €22,416 | +€8,613 | +62.4% |
| Financial charges | 65/66B | €38,860 | €124,085 | +€85,225 | +219.3% |
| Recurring financial charges | 65 | €38,860 | €124,085 | +€85,225 | +219.3% |
| Profit (loss) for the period before taxes | 9903 | €38,162 | €60,497 | +€22,334 | +58.5% |
| Income taxes | 67/77 | €12,840 | €23,291 | +€10,452 | +81.4% |
| Profit (loss) for the period | 9904 | €25,323 | €37,205 | +€11,883 | +46.9% |
| Profit (loss) for the period to be appropriated | 9905 | €25,323 | €37,205 | +€11,883 | +46.9% |
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 5 October 2026 via checked.be.