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
- Cash -€78,087
down €78,087 (-99.0%), from €78,853 to €766
mainly Receivables within one year (-€61,238) and Other debts (-€15,000)
- Receivables within one year +€61,238
up €61,238 (+80.9%), from €75,666 to €136,904
of which Other amounts receivable: +€66,813
- Other debts -€15,000
no longer reported in 2024 (was €15,000)
- Trade debts -€12,762
down €12,762 (-45.4%), from €28,104 to €15,342
- Tax, wage and social debts +€7,757
up €7,757 (+444.8%), from €1,744 to €9,501
- Profit (loss) carried forward +€2,509
up €2,509 (+2.1%), from €116,728 to €119,237
- Gross operating margin -€100,394
down €100,394 (-61.7%), from €162,608 to €62,214
- Staff costs +€45,492
up €45,492 (+355.2%), from €12,809 to €58,301
- Depreciation -€10,865
down €10,865 (-84.9%), from €12,802 to €1,937
- Other operating charges -€3,079
down €3,079 (-68.8%), from €4,478 to €1,398
- Financial income +€2,481
new in 2024: €2,481
of which Non-recurring financial income: +€2,481
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €164,576 | €147,081 | -€17,495 | -10.6% |
| Fixed assets | 21/28 | €10,056 | €9,410 | -€646 | -6.4% |
| Tangible fixed assets | 22/27 | €6,456 | €5,810 | -€646 | -10.0% |
| Plant, machinery and equipment | 23 | €6,456 | €5,810 | -€646 | -10.0% |
| Financial fixed assets | 28 | €3,600 | €3,600 | = | 0.0% |
| Current assets | 29/58 | €154,520 | €137,670 | -€16,849 | -10.9% |
| Amounts receivable within one year | 40/41 | €75,666 | €136,904 | +€61,238 | +80.9% |
| Trade receivables | 40 | €35,876 | €30,300 | -€5,576 | -15.5% |
| Other amounts receivable | 41 | €39,791 | €106,604 | +€66,813 | +167.9% |
| Cash at bank and in hand | 54/58 | €78,853 | €766 | -€78,087 | -99.0% |
| Total equity and liabilities | 10/49 | €164,576 | €147,081 | -€17,495 | -10.6% |
| Equity | 10/15 | €119,728 | €122,237 | +€2,509 | +2.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €116,728 | €119,237 | +€2,509 | +2.1% |
| Amounts payable | 17/49 | €44,848 | €24,843 | -€20,004 | -44.6% |
| Amounts payable within one year | 42/48 | €44,848 | €24,843 | -€20,004 | -44.6% |
| Trade debts | 44 | €28,104 | €15,342 | -€12,762 | -45.4% |
| Suppliers | 440/4 | €28,104 | €15,342 | -€12,762 | -45.4% |
| Taxes, remuneration and social security | 45 | €1,744 | €9,501 | +€7,757 | +444.8% |
| Remuneration and social security | 454/9 | €1,744 | €9,501 | +€7,757 | +444.8% |
| Other amounts payable | 47/48 | €15,000 | - | -€15,000 | |
| Remuneration, social security and pensions | 62 | €12,809 | €58,301 | +€45,492 | +355.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,802 | €1,937 | -€10,865 | -84.9% |
| Other operating charges | 640/8 | €4,478 | €1,398 | -€3,079 | -68.8% |
| Gross operating margin | 9900 | €162,608 | €62,214 | -€100,394 | -61.7% |
| Operating profit (loss) | 9901 | €132,519 | €578 | -€131,942 | -99.6% |
| Financial income | 75/76B | - | €2,481 | +€2,481 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Non-recurring financial income | 76B | - | €2,481 | +€2,481 | |
| Financial charges | 65/66B | €792 | €550 | -€242 | -30.6% |
| Recurring financial charges | 65 | €792 | €550 | -€242 | -30.6% |
| Profit (loss) for the period before taxes | 9903 | €131,728 | €2,509 | -€129,218 | -98.1% |
| Profit (loss) for the period | 9904 | €131,728 | €2,509 | -€129,218 | -98.1% |
| Profit (loss) for the period to be appropriated | 9905 | €131,728 | €2,509 | -€129,218 | -98.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.