M.D. 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. SERVICES
Largest movements
- Receivables within one year +€5,088
new in 2025: €5,088
of which Other amounts receivable: +€4,689
- Tangible fixed assets -€97
no longer reported in 2025 (was €97)
- Profit (loss) carried forward +€10,610
up €10,610 (+30.3%), from -€34,995 to -€24,385
- Other debts -€9,486
no longer reported in 2025 (was €9,486)
- Advances received +€3,498
new in 2025: €3,498
- Trade debts +€284
up €284 (+55.1%), from €515 to €799
- Tax, wage and social debts +€92
up €92 (+21.5%), from €427 to €519
- Gross operating margin +€5,425
up €5,425 (+86.3%), from €6,289 to €11,713
- Depreciation -€208
down €208 (-68.2%), from €304 to €97
- Financial charges -€139
down €139 (-41.1%), from €338 to €199
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €97 | €5,088 | +€4,991 | +5159.1% |
| Fixed assets | 21/28 | €97 | - | -€97 | |
| Tangible fixed assets | 22/27 | €97 | - | -€97 | |
| Furniture and vehicles | 24 | €97 | - | -€97 | |
| Current assets | 29/58 | - | €5,088 | +€5,088 | |
| Amounts receivable within one year | 40/41 | - | €5,088 | +€5,088 | |
| Trade receivables | 40 | - | €400 | +€400 | |
| Other amounts receivable | 41 | - | €4,689 | +€4,689 | |
| Total equity and liabilities | 10/49 | €97 | €5,088 | +€4,991 | +5159.1% |
| Equity | 10/15 | -€10,463 | €146 | +€10,610 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €5,931 | €5,931 | = | 0.0% |
| Distributable reserves | 133 | €5,931 | €5,931 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€34,995 | -€24,385 | +€10,610 | +30.3% |
| Amounts payable | 17/49 | €10,560 | €4,942 | -€5,618 | -53.2% |
| Amounts payable within one year | 42/48 | €10,560 | €4,942 | -€5,618 | -53.2% |
| Financial debts | 43 | €131 | €125 | -€6 | -4.5% |
| Credit institutions | 430/8 | €131 | €125 | -€6 | -4.5% |
| Trade debts | 44 | €515 | €799 | +€284 | +55.1% |
| Suppliers | 440/4 | €515 | €799 | +€284 | +55.1% |
| Advances received on contracts in progress | 46 | - | €3,498 | +€3,498 | |
| Taxes, remuneration and social security | 45 | €427 | €519 | +€92 | +21.5% |
| Taxes | 450/3 | €427 | €519 | +€92 | +21.5% |
| Other amounts payable | 47/48 | €9,486 | - | -€9,486 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €304 | €97 | -€208 | -68.2% |
| Other operating charges | 640/8 | €883 | €817 | -€66 | -7.5% |
| Gross operating margin | 9900 | €6,289 | €11,713 | +€5,425 | +86.3% |
| Operating profit (loss) | 9901 | €5,102 | €10,800 | +€5,698 | +111.7% |
| Financial income | 75/76B | €20 | €9 | -€11 | -54.0% |
| Recurring financial income | 75 | €20 | €9 | -€11 | -54.0% |
| Financial charges | 65/66B | €338 | €199 | -€139 | -41.1% |
| Recurring financial charges | 65 | €338 | €199 | -€139 | -41.1% |
| Profit (loss) for the period before taxes | 9903 | €4,783 | €10,610 | +€5,826 | +121.8% |
| Profit (loss) for the period | 9904 | €4,783 | €10,610 | +€5,826 | +121.8% |
| Profit (loss) for the period to be appropriated | 9905 | €4,783 | €10,610 | +€5,826 | +121.8% |
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 8 October 2026 via checked.be.