MDMG: what changed
MDMG
Largest movements
- Cash +€2,746
up €2,746 (+45.8%), from €5,996 to €8,742
mainly Tax, wage and social debts (+€2,609) and Other debts (+€950)
- Receivables within one year -€833
down €833 (-95.4%), from €873 to €40
- Deferred charges and accrued income +€215
up €215 (+32.4%), from €663 to €878
- Tax, wage and social debts +€2,609
up €2,609 (+86.9%), from €3,002 to €5,611
of which Remuneration and social security: +€2,696
- Other debts +€950
up €950 (+2.7%), from €34,627 to €35,577
- Trade debts -€928
down €928 (-77.1%), from €1,203 to €275
- Profit (loss) carried forward -€530
down €530 (-1.5%), from -€36,125 to -€36,654
- Gross operating margin -€5,133
down €5,133 (-15.8%), from €32,576 to €27,443
- Staff costs -€1,126
down €1,126 (-3.9%), from €28,748 to €27,622
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,707 | €9,835 | +€2,128 | +27.6% |
| Fixed assets | 21/28 | €175 | €175 | = | 0.0% |
| Financial fixed assets | 28 | €175 | €175 | = | 0.0% |
| Current assets | 29/58 | €7,532 | €9,660 | +€2,128 | +28.3% |
| Amounts receivable within one year | 40/41 | €873 | €40 | -€833 | -95.4% |
| Trade receivables | 40 | €873 | €40 | -€833 | -95.4% |
| Cash at bank and in hand | 54/58 | €5,996 | €8,742 | +€2,746 | +45.8% |
| Deferred charges and accrued income | 490/1 | €663 | €878 | +€215 | +32.4% |
| Total equity and liabilities | 10/49 | €7,707 | €9,835 | +€2,128 | +27.6% |
| Equity | 10/15 | -€31,125 | -€31,654 | -€530 | -1.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€36,125 | -€36,654 | -€530 | -1.5% |
| Amounts payable | 17/49 | €38,832 | €41,489 | +€2,658 | +6.8% |
| Amounts payable within one year | 42/48 | €38,832 | €41,463 | +€2,631 | +6.8% |
| Trade debts | 44 | €1,203 | €275 | -€928 | -77.1% |
| Suppliers | 440/4 | €1,203 | €275 | -€928 | -77.1% |
| Taxes, remuneration and social security | 45 | €3,002 | €5,611 | +€2,609 | +86.9% |
| Taxes | 450/3 | €1,587 | €1,499 | -€87 | -5.5% |
| Remuneration and social security | 454/9 | €1,415 | €4,111 | +€2,696 | +191% |
| Other amounts payable | 47/48 | €34,627 | €35,577 | +€950 | +2.7% |
| Accrued charges and deferred income | 492/3 | - | €27 | +€27 | |
| Remuneration, social security and pensions | 62 | €28,748 | €27,622 | -€1,126 | -3.9% |
| Other operating charges | 640/8 | €153 | €152 | -€0 | 0.0% |
| Gross operating margin | 9900 | €32,576 | €27,443 | -€5,133 | -15.8% |
| Operating profit (loss) | 9901 | €3,676 | -€331 | -€4,007 | |
| Financial charges | 65/66B | €221 | €198 | -€23 | -10.3% |
| Recurring financial charges | 65 | €221 | €198 | -€23 | -10.3% |
| Profit (loss) for the period before taxes | 9903 | €3,455 | -€530 | -€3,985 | |
| Profit (loss) for the period | 9904 | €3,455 | -€530 | -€3,985 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,455 | -€530 | -€3,985 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.