M.D. WRITING SERVICES: 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. WRITING SERVICES
Largest movements
- Tangible fixed assets +€14,228
up €14,228 (+2.2%), from €657,282 to €671,510
of which Furniture and vehicles: +€36,220
- Reserves +€59,086
up €59,086 (+62.6%), from €94,427 to €153,513
- Debts after one year -€45,975
down €45,975 (-9.8%), from €469,140 to €423,165
- Tax, wage and social debts -€8,479
down €8,479 (-56.7%), from €14,964 to €6,485
- Current portion of long-term debt +€8,459
up €8,459 (+25.3%), from €33,381 to €41,841
- Gross operating margin +€6,935
up €6,935 (+6.1%), from €113,747 to €120,682
- Depreciation +€3,610
up €3,610 (+16.7%), from €21,556 to €25,165
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 | €719,808 | €732,785 | +€12,978 | +1.8% |
| Fixed assets | 21/28 | €657,282 | €671,510 | +€14,228 | +2.2% |
| Tangible fixed assets | 22/27 | €657,282 | €671,510 | +€14,228 | +2.2% |
| Land and buildings | 22 | €647,483 | €629,409 | -€18,074 | -2.8% |
| Plant, machinery and equipment | 23 | €9,799 | €5,881 | -€3,918 | -40.0% |
| Furniture and vehicles | 24 | - | €36,220 | +€36,220 | |
| Current assets | 29/58 | €62,526 | €61,275 | -€1,251 | -2.0% |
| Amounts receivable within one year | 40/41 | €4,585 | €2,440 | -€2,144 | -46.8% |
| Trade receivables | 40 | €3,800 | - | -€3,800 | |
| Other amounts receivable | 41 | €785 | €2,440 | +€1,656 | +211% |
| Cash at bank and in hand | 54/58 | €57,941 | €57,414 | -€527 | -0.9% |
| Deferred charges and accrued income | 490/1 | - | €1,421 | +€1,421 | |
| Total equity and liabilities | 10/49 | €719,808 | €732,785 | +€12,978 | +1.8% |
| Equity | 10/15 | €188,465 | €247,550 | +€59,086 | +31.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €94,427 | €153,513 | +€59,086 | +62.6% |
| Distributable reserves | 133 | €94,427 | €153,513 | +€59,086 | +62.6% |
| Profit (loss) carried forward | 14 | €75,438 | €75,438 | = | 0.0% |
| Amounts payable | 17/49 | €531,343 | €485,235 | -€46,108 | -8.7% |
| Amounts payable after more than one year | 17 | €469,140 | €423,165 | -€45,975 | -9.8% |
| Financial debts | 170/4 | €469,140 | €423,165 | -€45,975 | -9.8% |
| Amounts payable within one year | 42/48 | €49,677 | €48,444 | -€1,233 | -2.5% |
| Current portion of amounts payable after more than one year | 42 | €33,381 | €41,841 | +€8,459 | +25.3% |
| Trade debts | 44 | €1,331 | €118 | -€1,213 | -91.1% |
| Suppliers | 440/4 | €1,331 | €118 | -€1,213 | -91.1% |
| Taxes, remuneration and social security | 45 | €14,964 | €6,485 | -€8,479 | -56.7% |
| Taxes | 450/3 | €14,964 | €6,485 | -€8,479 | -56.7% |
| Accrued charges and deferred income | 492/3 | €12,526 | €13,626 | +€1,100 | +8.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,556 | €25,165 | +€3,610 | +16.7% |
| Other operating charges | 640/8 | €1,944 | €2,004 | +€59 | +3.0% |
| Gross operating margin | 9900 | €113,747 | €120,682 | +€6,935 | +6.1% |
| Operating profit (loss) | 9901 | €90,247 | €93,513 | +€3,266 | +3.6% |
| Financial charges | 65/66B | €7,418 | €6,362 | -€1,057 | -14.2% |
| Recurring financial charges | 65 | €7,418 | €6,362 | -€1,057 | -14.2% |
| Profit (loss) for the period before taxes | 9903 | €82,828 | €87,151 | +€4,323 | +5.2% |
| Income taxes | 67/77 | €26,888 | €28,065 | +€1,177 | +4.4% |
| Profit (loss) for the period | 9904 | €55,940 | €59,086 | +€3,145 | +5.6% |
| Profit (loss) for the period to be appropriated | 9905 | €55,940 | €59,086 | +€3,145 | +5.6% |
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 21 October 2026 via checked.be.