MD91 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.
MD91 SERVICES
Largest movements
- Cash +€2,429
up €2,429 (+45.8%), from €5,298 to €7,727
mainly Investment in fixed assets (net) (+€1,900) and Net result for the year (+€640)
- Financial fixed assets -€1,900
no longer reported in 2025 (was €1,900)
- Profit (loss) carried forward +€640
up €640 (+15.0%), from -€4,261 to -€3,621
- Other debts -€459
no longer reported in 2025 (was €459)
- Trade debts +€348
new in 2025: €348
- Gross operating margin -€6,257
down €6,257 (-88.9%), from €7,039 to €782
- Financial charges +€82
up €82 (+136.7%), from €60 to €142
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 | €7,198 | €7,727 | +€529 | +7.3% |
| Fixed assets | 21/28 | €1,900 | - | -€1,900 | |
| Financial fixed assets | 28 | €1,900 | - | -€1,900 | |
| Current assets | 29/58 | €5,298 | €7,727 | +€2,429 | +45.8% |
| Cash at bank and in hand | 54/58 | €5,298 | €7,727 | +€2,429 | +45.8% |
| Total equity and liabilities | 10/49 | €7,198 | €7,727 | +€529 | +7.3% |
| Equity | 10/15 | €6,739 | €7,379 | +€640 | +9.5% |
| Contributions | 10/11 | €11,000 | €11,000 | = | 0.0% |
| Capital | 10 | €11,000 | €11,000 | = | 0.0% |
| Issued capital | 100 | €11,000 | €11,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,261 | -€3,621 | +€640 | +15.0% |
| Amounts payable | 17/49 | €459 | €348 | -€111 | -24.2% |
| Amounts payable within one year | 42/48 | €459 | €348 | -€111 | -24.2% |
| Trade debts | 44 | - | €348 | +€348 | |
| Suppliers | 440/4 | - | €348 | +€348 | |
| Other amounts payable | 47/48 | €459 | - | -€459 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57 | - | -€57 | |
| Gross operating margin | 9900 | €7,039 | €782 | -€6,257 | -88.9% |
| Operating profit (loss) | 9901 | €6,982 | €782 | -€6,200 | -88.8% |
| Financial charges | 65/66B | €60 | €142 | +€82 | +136.7% |
| Recurring financial charges | 65 | €60 | €142 | +€82 | +136.7% |
| Profit (loss) for the period before taxes | 9903 | €6,922 | €640 | -€6,282 | -90.8% |
| Profit (loss) for the period | 9904 | €6,922 | €640 | -€6,282 | -90.8% |
| Profit (loss) for the period to be appropriated | 9905 | €6,922 | €640 | -€6,282 | -90.8% |
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 5 October 2026 via checked.be.