M.D All Services: 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.
M.D All Services
Largest movements
- Tangible fixed assets -€4,112
down €4,112 (-34.2%), from €12,022 to €7,911
- Receivables within one year -€2,358
down €2,358 (-73.7%), from €3,198 to €839
of which Other amounts receivable: -€3,198
- Cash +€1,515
up €1,515 (+70.1%), from €2,161 to €3,676
mainly Other debts (+€10,299) and Depreciation (+€5,025)
- Intangible fixed assets -€913
no longer reported in 2025 (was €913)
- Deferred charges and accrued income +€284
new in 2025: €284
- Profit (loss) carried forward -€12,044
down €12,044, from €74 to -€11,970
- Other debts +€10,299
new in 2025: €10,299
- Debts after one year -€5,870
down €5,870 (-60.0%), from €9,789 to €3,919
- Current portion of long-term debt +€1,842
up €1,842 (+45.7%), from €4,028 to €5,870
- Gross operating margin -€7,837
down €7,837, from €1,410 to -€6,426
- Depreciation +€4,625
up €4,625 (+1157.5%), from €400 to €5,025
- Other operating charges -€657
down €657 (-86.7%), from €758 to €101
- Financial charges +€332
up €332 (+207.5%), from €160 to €492
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €18,294 | €12,710 | -€5,583 | -30.5% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €12,935 | €7,911 | -€5,025 | -38.8% |
| Intangible fixed assets | 21 | €913 | - | -€913 | |
| Tangible fixed assets | 22/27 | €12,022 | €7,911 | -€4,112 | -34.2% |
| Furniture and vehicles | 24 | €12,022 | €7,911 | -€4,112 | -34.2% |
| Current assets | 29/58 | €5,358 | €4,799 | -€559 | -10.4% |
| Amounts receivable within one year | 40/41 | €3,198 | €839 | -€2,358 | -73.7% |
| Trade receivables | 40 | - | €839 | +€839 | |
| Other amounts receivable | 41 | €3,198 | €0 | -€3,198 | -100.0% |
| Cash at bank and in hand | 54/58 | €2,161 | €3,676 | +€1,515 | +70.1% |
| Deferred charges and accrued income | 490/1 | - | €284 | +€284 | |
| Total equity and liabilities | 10/49 | €18,294 | €12,710 | -€5,583 | -30.5% |
| Equity | 10/15 | €4,074 | -€7,970 | -€12,044 | |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €74 | -€11,970 | -€12,044 | |
| Amounts payable | 17/49 | €14,220 | €20,680 | +€6,461 | +45.4% |
| Amounts payable after more than one year | 17 | €9,789 | €3,919 | -€5,870 | -60.0% |
| Financial debts | 170/4 | €9,789 | €3,919 | -€5,870 | -60.0% |
| Amounts payable within one year | 42/48 | €4,431 | €16,761 | +€12,331 | +278.3% |
| Current portion of amounts payable after more than one year | 42 | €4,028 | €5,870 | +€1,842 | +45.7% |
| Trade debts | 44 | €384 | €537 | +€153 | +39.9% |
| Suppliers | 440/4 | €384 | €537 | +€153 | +39.9% |
| Taxes, remuneration and social security | 45 | €18 | €55 | +€36 | +197.2% |
| Taxes | 450/3 | €18 | €55 | +€36 | +197.2% |
| Other amounts payable | 47/48 | - | €10,299 | +€10,299 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €400 | €5,025 | +€4,625 | +1157.5% |
| Other operating charges | 640/8 | €758 | €101 | -€657 | -86.7% |
| Gross operating margin | 9900 | €1,410 | -€6,426 | -€7,837 | |
| Operating profit (loss) | 9901 | €252 | -€11,552 | -€11,804 | |
| Financial charges | 65/66B | €160 | €492 | +€332 | +207.5% |
| Recurring financial charges | 65 | €160 | €492 | +€332 | +207.5% |
| Profit (loss) for the period before taxes | 9903 | €92 | -€12,044 | -€12,137 | |
| Income taxes | 67/77 | €18 | €0 | -€18 | -100.0% |
| Profit (loss) for the period | 9904 | €74 | -€12,044 | -€12,118 | |
| Profit (loss) for the period to be appropriated | 9905 | €74 | -€12,044 | -€12,118 |
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 7 October 2026 via checked.be.