MDBE: 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.
MDBE
Largest movements
- Cash -€83,212
down €83,212 (-69.7%), from €119,308 to €36,095
mainly Net result for the year (-€39,399) and Tax, wage and social debts (-€25,737)
- Receivables within one year +€18,374
up €18,374 (+9,676%), from €190 to €18,563
of which Other amounts receivable: +€13,413
- Profit (loss) carried forward -€84,098
no longer reported in 2025 (was €84,098)
- Reserves +€44,698
new in 2025: €44,698
- Tax, wage and social debts -€25,737
no longer reported in 2025 (was €25,737)
- Gross operating margin -€86,699
down €86,699, from €48,767 to -€37,932
- Taxes -€11,838
no longer reported in 2025 (was €11,838)
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 | €135,738 | €70,371 | -€65,367 | -48.2% |
| Fixed assets | 21/28 | €16,241 | €15,480 | -€761 | -4.7% |
| Tangible fixed assets | 22/27 | €16,241 | €15,480 | -€761 | -4.7% |
| Land and buildings | 22 | €15,831 | €15,366 | -€465 | -2.9% |
| Furniture and vehicles | 24 | €410 | €114 | -€296 | -72.3% |
| Current assets | 29/58 | €119,497 | €54,891 | -€64,606 | -54.1% |
| Amounts receivable within one year | 40/41 | €190 | €18,563 | +€18,374 | +9,676% |
| Trade receivables | 40 | €170 | €5,131 | +€4,961 | +2,920% |
| Other amounts receivable | 41 | €20 | €13,433 | +€13,413 | +67,063% |
| Cash at bank and in hand | 54/58 | €119,308 | €36,095 | -€83,212 | -69.7% |
| Deferred charges and accrued income | 490/1 | - | €233 | +€233 | |
| Total equity and liabilities | 10/49 | €135,738 | €70,371 | -€65,367 | -48.2% |
| Equity | 10/15 | €109,098 | €69,698 | -€39,399 | -36.1% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | - | €44,698 | +€44,698 | |
| Distributable reserves | 133 | - | €44,698 | +€44,698 | |
| Profit (loss) carried forward | 14 | €84,098 | - | -€84,098 | |
| Amounts payable | 17/49 | €26,641 | €673 | -€25,968 | -97.5% |
| Amounts payable within one year | 42/48 | €26,641 | €673 | -€25,968 | -97.5% |
| Trade debts | 44 | €903 | €673 | -€230 | -25.5% |
| Suppliers | 440/4 | €903 | €673 | -€230 | -25.5% |
| Taxes, remuneration and social security | 45 | €25,737 | - | -€25,737 | |
| Taxes | 450/3 | €25,737 | - | -€25,737 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €761 | €761 | = | 0.0% |
| Other operating charges | 640/8 | €811 | €519 | -€292 | -36.0% |
| Gross operating margin | 9900 | €48,767 | -€37,932 | -€86,699 | |
| Operating profit (loss) | 9901 | €47,195 | -€39,212 | -€86,407 | |
| Financial charges | 65/66B | €111 | €187 | +€76 | +68.8% |
| Recurring financial charges | 65 | €111 | €187 | +€76 | +68.8% |
| Profit (loss) for the period before taxes | 9903 | €47,084 | -€39,399 | -€86,484 | |
| Income taxes | 67/77 | €11,838 | - | -€11,838 | |
| Profit (loss) for the period | 9904 | €35,246 | -€39,399 | -€74,645 | |
| Profit (loss) for the period to be appropriated | 9905 | €35,246 | -€39,399 | -€74,645 |
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.