M.D. SERVICES 2.0: 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.
M.D. SERVICES 2.0
Largest movements
- Receivables within one year +€32,284
up €32,284 (+82.4%), from €39,168 to €71,452
of which Other amounts receivable: +€41,353
- Tangible fixed assets -€7,277
down €7,277 (-49.7%), from €14,631 to €7,355
of which Furniture and vehicles: -€6,667
- Profit (loss) carried forward +€32,600
up €32,600 (+164%), from €19,832 to €52,433
- Trade debts -€20,727
down €20,727 (-84.0%), from €24,679 to €3,952
- Tax, wage and social debts +€12,364
up €12,364 (+193%), from €6,398 to €18,762
- Turnover -€48,038
no longer reported in 2025 (was €48,038)
- Purchases and services -€31,275
no longer reported in 2025 (was €31,275)
- Gross operating margin +€29,734
up €29,734 (+151%), from €19,644 to €49,378
- Taxes +€6,602
up €6,602 (+189%), from €3,491 to €10,093
- Depreciation +€1,289
up €1,289 (+40.0%), from €3,224 to €4,513
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 | €54,910 | €79,146 | +€24,237 | +44.1% |
| Fixed assets | 21/28 | €14,631 | €7,355 | -€7,277 | -49.7% |
| Tangible fixed assets | 22/27 | €14,631 | €7,355 | -€7,277 | -49.7% |
| Plant, machinery and equipment | 23 | €1,344 | €734 | -€610 | -45.4% |
| Furniture and vehicles | 24 | €13,287 | €6,620 | -€6,667 | -50.2% |
| Current assets | 29/58 | €40,278 | €71,792 | +€31,514 | +78.2% |
| Amounts receivable within one year | 40/41 | €39,168 | €71,452 | +€32,284 | +82.4% |
| Trade receivables | 40 | €11,319 | €2,250 | -€9,069 | -80.1% |
| Other amounts receivable | 41 | €27,849 | €69,202 | +€41,353 | +148% |
| Cash at bank and in hand | 54/58 | €1,110 | €340 | -€771 | -69.4% |
| Total equity and liabilities | 10/49 | €54,910 | €79,146 | +€24,237 | +44.1% |
| Equity | 10/15 | €23,832 | €56,433 | +€32,600 | +137% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €19,832 | €52,433 | +€32,600 | +164% |
| Amounts payable | 17/49 | €31,077 | €22,714 | -€8,363 | -26.9% |
| Amounts payable within one year | 42/48 | €31,077 | €22,714 | -€8,363 | -26.9% |
| Trade debts | 44 | €24,679 | €3,952 | -€20,727 | -84.0% |
| Suppliers | 440/4 | €24,679 | €3,952 | -€20,727 | -84.0% |
| Taxes, remuneration and social security | 45 | €6,398 | €18,762 | +€12,364 | +193% |
| Taxes | 450/3 | €6,398 | €18,762 | +€12,364 | +193% |
| Turnover | 70 | €48,038 | - | -€48,038 | |
| Goods, raw materials, services and sundry goods | 60/61 | €31,275 | - | -€31,275 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,224 | €4,513 | +€1,289 | +40.0% |
| Other operating charges | 640/8 | €534 | - | -€534 | |
| Non-recurring operating charges | 66A | - | €1,764 | +€1,764 | |
| Gross operating margin | 9900 | €19,644 | €49,378 | +€29,734 | +151% |
| Operating profit (loss) | 9901 | €15,886 | €43,101 | +€27,215 | +171% |
| Financial charges | 65/66B | €518 | €408 | -€110 | -21.2% |
| Recurring financial charges | 65 | €518 | €408 | -€110 | -21.2% |
| Profit (loss) for the period before taxes | 9903 | €15,368 | €42,693 | +€27,325 | +178% |
| Income taxes | 67/77 | €3,491 | €10,093 | +€6,602 | +189% |
| Profit (loss) for the period | 9904 | €11,877 | €32,600 | +€20,723 | +174% |
| Profit (loss) for the period to be appropriated | 9905 | €11,877 | €32,600 | +€20,723 | +174% |
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 24 October 2026 via checked.be.