MD&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.
MD&D SERVICES
Largest movements
- Receivables within one year -€11,239
down €11,239 (-17.4%), from €64,732 to €53,494
of which Trade receivables: -€9,243
- Cash -€7,236
down €7,236 (-73.8%), from €9,801 to €2,565
mainly Tax, wage and social debts (-€10,130) and Net result for the year (-€6,794)
- Tax, wage and social debts -€10,130
down €10,130 (-32.3%), from €31,365 to €21,234
of which Taxes: -€7,090
- Profit (loss) carried forward -€6,794
down €6,794, from €3,378 to -€3,416
- Accrued charges and deferred income -€1,950
down €1,950 (-23.6%), from €8,280 to €6,330
- Trade debts +€1,139
up €1,139 (+8.6%), from €13,169 to €14,308
- Gross operating margin -€15,805
down €15,805 (-24.3%), from €64,977 to €49,172
- Staff costs -€3,268
down €3,268 (-5.7%), from €56,973 to €53,706
- Taxes -€2,857
down €2,857 (-76.8%), from €3,721 to €864
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 | €76,300 | €58,565 | -€17,735 | -23.2% |
| Fixed assets | 21/28 | €1,648 | €2,334 | +€687 | +41.7% |
| Tangible fixed assets | 22/27 | €1,399 | €2,085 | +€687 | +49.1% |
| Furniture and vehicles | 24 | €1,399 | €2,085 | +€687 | +49.1% |
| Financial fixed assets | 28 | €249 | €249 | = | 0.0% |
| Current assets | 29/58 | €74,652 | €56,230 | -€18,422 | -24.7% |
| Amounts receivable within one year | 40/41 | €64,732 | €53,494 | -€11,239 | -17.4% |
| Trade receivables | 40 | €62,565 | €53,322 | -€9,243 | -14.8% |
| Other amounts receivable | 41 | €2,167 | €172 | -€1,995 | -92.1% |
| Cash at bank and in hand | 54/58 | €9,801 | €2,565 | -€7,236 | -73.8% |
| Deferred charges and accrued income | 490/1 | €119 | €172 | +€53 | +44.7% |
| Total equity and liabilities | 10/49 | €76,300 | €58,565 | -€17,735 | -23.2% |
| Equity | 10/15 | €23,487 | €16,693 | -€6,794 | -28.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,509 | €1,509 | = | 0.0% |
| Distributable reserves | 133 | €1,509 | €1,509 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,378 | -€3,416 | -€6,794 | |
| Amounts payable | 17/49 | €52,813 | €41,872 | -€10,941 | -20.7% |
| Amounts payable within one year | 42/48 | €44,533 | €35,542 | -€8,991 | -20.2% |
| Trade debts | 44 | €13,169 | €14,308 | +€1,139 | +8.6% |
| Suppliers | 440/4 | €13,169 | €14,308 | +€1,139 | +8.6% |
| Taxes, remuneration and social security | 45 | €31,365 | €21,234 | -€10,130 | -32.3% |
| Taxes | 450/3 | €23,211 | €16,121 | -€7,090 | -30.5% |
| Remuneration and social security | 454/9 | €8,153 | €5,113 | -€3,040 | -37.3% |
| Accrued charges and deferred income | 492/3 | €8,280 | €6,330 | -€1,950 | -23.6% |
| Remuneration, social security and pensions | 62 | €56,973 | €53,706 | -€3,268 | -5.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €301 | €596 | +€295 | +98.0% |
| Other operating charges | 640/8 | €392 | €405 | +€13 | +3.4% |
| Gross operating margin | 9900 | €64,977 | €49,172 | -€15,805 | -24.3% |
| Operating profit (loss) | 9901 | €7,310 | -€5,535 | -€12,846 | |
| Financial income | 75/76B | €10 | €44 | +€34 | +337.2% |
| Recurring financial income | 75 | €10 | €44 | +€34 | +337.2% |
| Financial charges | 65/66B | €271 | €439 | +€168 | +61.9% |
| Recurring financial charges | 65 | €271 | €439 | +€168 | +61.9% |
| Profit (loss) for the period before taxes | 9903 | €7,050 | -€5,930 | -€12,980 | |
| Income taxes | 67/77 | €3,721 | €864 | -€2,857 | -76.8% |
| Profit (loss) for the period | 9904 | €3,329 | -€6,794 | -€10,123 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,329 | -€6,794 | -€10,123 |
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.