MDLE: 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.
MDLE
Largest movements
- Tangible fixed assets +€54,080
up €54,080 (+3.9%), from €1.4m to €1.4m
- Other debts +€164,318
up €164,318 (+21.1%), from €779,824 to €944,142
- Debts after one year -€83,333
down €83,333 (-9.8%), from €847,222 to €763,889
- Profit (loss) carried forward -€73,219
down €73,219 (-21.2%), from -€346,016 to -€419,234
- Current portion of long-term debt +€20,678
up €20,678 (+24.8%), from €83,333 to €104,011
- Trade debts +€18,121
up €18,121 (+139%), from €13,082 to €31,204
- Financial charges -€3,609
down €3,609 (-6.1%), from €58,851 to €55,242
- Gross operating margin +€2,494
up €2,494 (+93.7%), from €2,662 to €5,156
- Other operating charges +€1,143
up €1,143 (+45.7%), from €2,504 to €3,646
- Depreciation +€462
up €462 (+2.4%), from €19,025 to €19,486
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 | €1,387,446 | €1,442,703 | +€55,257 | +4.0% |
| Formation expenses | 20 | €303 | €20 | -€284 | -93.6% |
| Fixed assets | 21/28 | €1,383,901 | €1,437,981 | +€54,080 | +3.9% |
| Tangible fixed assets | 22/27 | €1,383,901 | €1,437,981 | +€54,080 | +3.9% |
| Land and buildings | 22 | €1,383,901 | €1,437,981 | +€54,080 | +3.9% |
| Current assets | 29/58 | €3,241 | €4,702 | +€1,461 | +45.1% |
| Amounts receivable within one year | 40/41 | €2,854 | €3,127 | +€272 | +9.5% |
| Other amounts receivable | 41 | €2,854 | €3,127 | +€272 | +9.5% |
| Cash at bank and in hand | 54/58 | €12 | €74 | +€61 | +503% |
| Deferred charges and accrued income | 490/1 | €375 | €1,502 | +€1,127 | +300% |
| Total equity and liabilities | 10/49 | €1,387,446 | €1,442,703 | +€55,257 | +4.0% |
| Equity | 10/15 | -€336,016 | -€409,234 | -€73,219 | -21.8% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€346,016 | -€419,234 | -€73,219 | -21.2% |
| Amounts payable | 17/49 | €1,723,462 | €1,851,937 | +€128,475 | +7.5% |
| Amounts payable after more than one year | 17 | €847,222 | €763,889 | -€83,333 | -9.8% |
| Financial debts | 170/4 | €847,222 | €763,889 | -€83,333 | -9.8% |
| Amounts payable within one year | 42/48 | €876,239 | €1,079,357 | +€203,118 | +23.2% |
| Current portion of amounts payable after more than one year | 42 | €83,333 | €104,011 | +€20,678 | +24.8% |
| Trade debts | 44 | €13,082 | €31,204 | +€18,121 | +139% |
| Suppliers | 440/4 | €13,082 | €31,204 | +€18,121 | +139% |
| Other amounts payable | 47/48 | €779,824 | €944,142 | +€164,318 | +21.1% |
| Accrued charges and deferred income | 492/3 | - | €8,691 | +€8,691 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,025 | €19,486 | +€462 | +2.4% |
| Other operating charges | 640/8 | €2,504 | €3,646 | +€1,143 | +45.7% |
| Gross operating margin | 9900 | €2,662 | €5,156 | +€2,494 | +93.7% |
| Operating profit (loss) | 9901 | -€18,866 | -€17,977 | +€890 | +4.7% |
| Financial charges | 65/66B | €58,851 | €55,242 | -€3,609 | -6.1% |
| Recurring financial charges | 65 | €58,851 | €55,242 | -€3,609 | -6.1% |
| Profit (loss) for the period before taxes | 9903 | -€77,717 | -€73,219 | +€4,498 | +5.8% |
| Profit (loss) for the period | 9904 | -€77,717 | -€73,219 | +€4,498 | +5.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€77,717 | -€73,219 | +€4,498 | +5.8% |
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 26 October 2026 via checked.be.