MD CREATION: what changed
MD CREATION
Largest movements
- Stocks and contracts +€30,821
up €30,821 (+247%), from €12,500 to €43,321
- Cash -€15,763
down €15,763 (-73.1%), from €21,553 to €5,789
mainly Stocks and contracts (-€30,821) and Receivables within one year (-€11,190)
- Receivables within one year +€11,190
up €11,190 (+107%), from €10,493 to €21,683
- Trade debts +€17,302
up €17,302 (+2,038%), from €849 to €18,151
- Other debts +€14,292
up €14,292 (+55.9%), from €25,578 to €39,870
- Tax, wage and social debts -€5,426
down €5,426 (-27.0%), from €20,104 to €14,677
of which Taxes: -€2,819
- Turnover +€146,814
new in 2025: €146,814
- Purchases and services +€140,401
new in 2025: €140,401
- Gross operating margin -€15,291
down €15,291 (-44.3%), from €34,553 to €19,262
- Other operating charges -€2,860
down €2,860 (-66.0%), from €4,331 to €1,471
- Staff costs -€2,578
down €2,578 (-14.0%), from €18,428 to €15,850
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 | €48,981 | €74,973 | +€25,992 | +53.1% |
| Fixed assets | 21/28 | €4,435 | €4,085 | -€350 | -7.9% |
| Intangible fixed assets | 21 | €4,315 | €3,965 | -€350 | -8.1% |
| Financial fixed assets | 28 | €120 | €120 | = | 0.0% |
| Current assets | 29/58 | €44,546 | €70,888 | +€26,342 | +59.1% |
| Stocks and contracts in progress | 3 | €12,500 | €43,321 | +€30,821 | +247% |
| Stocks | 30/36 | €12,500 | €43,321 | +€30,821 | +247% |
| Amounts receivable within one year | 40/41 | €10,493 | €21,683 | +€11,190 | +107% |
| Other amounts receivable | 41 | €10,493 | €21,683 | +€11,190 | +107% |
| Cash at bank and in hand | 54/58 | €21,553 | €5,789 | -€15,763 | -73.1% |
| Deferred charges and accrued income | 490/1 | - | €95 | +€95 | |
| Total equity and liabilities | 10/49 | €48,981 | €74,973 | +€25,992 | +53.1% |
| Equity | 10/15 | €2,450 | €2,214 | -€236 | -9.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,150 | -€16,386 | -€236 | -1.5% |
| Amounts payable | 17/49 | €46,531 | €72,759 | +€26,228 | +56.4% |
| Amounts payable within one year | 42/48 | €46,531 | €72,759 | +€26,228 | +56.4% |
| Current portion of amounts payable after more than one year | 42 | - | €60 | +€60 | |
| Trade debts | 44 | €849 | €18,151 | +€17,302 | +2,038% |
| Suppliers | 440/4 | €849 | €18,151 | +€17,302 | +2,038% |
| Taxes, remuneration and social security | 45 | €20,104 | €14,677 | -€5,426 | -27.0% |
| Taxes | 450/3 | €17,496 | €14,677 | -€2,819 | -16.1% |
| Remuneration and social security | 454/9 | €2,607 | - | -€2,607 | |
| Other amounts payable | 47/48 | €25,578 | €39,870 | +€14,292 | +55.9% |
| Turnover | 70 | - | €146,814 | +€146,814 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €140,401 | +€140,401 | |
| Remuneration, social security and pensions | 62 | €18,428 | €15,850 | -€2,578 | -14.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €700 | €350 | -€350 | -50.0% |
| Other operating charges | 640/8 | €4,331 | €1,471 | -€2,860 | -66.0% |
| Gross operating margin | 9900 | €34,553 | €19,262 | -€15,291 | -44.3% |
| Operating profit (loss) | 9901 | €11,094 | €1,591 | -€9,503 | -85.7% |
| Financial income | 75/76B | €3 | - | -€3 | |
| Recurring financial income | 75 | €3 | - | -€3 | |
| Financial charges | 65/66B | €4,372 | €1,827 | -€2,545 | -58.2% |
| Recurring financial charges | 65 | €4,372 | €1,827 | -€2,545 | -58.2% |
| Profit (loss) for the period before taxes | 9903 | €6,725 | -€236 | -€6,961 | |
| Profit (loss) for the period | 9904 | €6,725 | -€236 | -€6,961 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,725 | -€236 | -€6,961 |
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 5 November 2026 via checked.be.