MDC 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.
MDC Services
Largest movements
- Cash +€20,757
up €20,757 (+49.8%), from €41,702 to €62,460
mainly Net result for the year (+€41,051) and Accrued charges and deferred income (+€9,250)
- Receivables within one year +€18,276
up €18,276 (+94.2%), from €19,393 to €37,669
of which Trade receivables: +€20,724
- Stocks and contracts +€12,699
up €12,699 (+40.0%), from €31,718 to €44,418
- Tangible fixed assets +€3,248
up €3,248 (+31.4%), from €10,348 to €13,596
of which Other tangible fixed assets: +€5,888
- Deferred charges and accrued income -€2,554
down €2,554 (-44.6%), from €5,733 to €3,179
- Profit (loss) carried forward +€41,051
up €41,051 (+47.0%), from -€87,255 to -€46,204
- Accrued charges and deferred income +€9,250
up €9,250, from €0 to €9,250
- Tax, wage and social debts +€2,602
up €2,602 (+114.8%), from €2,267 to €4,869
of which Taxes: +€2,602
- Other debts -€2,259
down €2,259 (-27.7%), from €8,167 to €5,908
- Trade debts +€1,783
up €1,783 (+48.5%), from €3,674 to €5,456
- Gross operating margin +€7,866
up €7,866 (+13.6%), from €57,635 to €65,501
- Taxes -€3,416
down €3,416 (-16.7%), from €20,440 to €17,024
- Depreciation +€1,692
up €1,692 (+33.0%), from €5,126 to €6,818
- Financial charges -€1,136
down €1,136 (-91.6%), from €1,241 to €104
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 | €108,894 | €161,320 | +€52,427 | +48.1% |
| Fixed assets | 21/28 | €10,348 | €13,596 | +€3,248 | +31.4% |
| Tangible fixed assets | 22/27 | €10,348 | €13,596 | +€3,248 | +31.4% |
| Furniture and vehicles | 24 | €8,147 | €5,508 | -€2,640 | -32.4% |
| Other tangible fixed assets | 26 | €2,200 | €8,089 | +€5,888 | +267.6% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €98,546 | €147,724 | +€49,178 | +49.9% |
| Stocks and contracts in progress | 3 | €31,718 | €44,418 | +€12,699 | +40.0% |
| Stocks | 30/36 | €31,718 | €44,418 | +€12,699 | +40.0% |
| Amounts receivable within one year | 40/41 | €19,393 | €37,669 | +€18,276 | +94.2% |
| Trade receivables | 40 | €3,236 | €23,960 | +€20,724 | +640.4% |
| Other amounts receivable | 41 | €16,156 | €13,708 | -€2,448 | -15.2% |
| Cash at bank and in hand | 54/58 | €41,702 | €62,460 | +€20,757 | +49.8% |
| Deferred charges and accrued income | 490/1 | €5,733 | €3,179 | -€2,554 | -44.6% |
| Total equity and liabilities | 10/49 | €108,894 | €161,320 | +€52,427 | +48.1% |
| Equity | 10/15 | €94,786 | €135,837 | +€41,051 | +43.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €177,041 | €177,041 | = | 0.0% |
| Distributable reserves | 133 | €177,041 | €177,041 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€87,255 | -€46,204 | +€41,051 | +47.0% |
| Amounts payable | 17/49 | €14,108 | €25,484 | +€11,376 | +80.6% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €14,108 | €16,234 | +€2,126 | +15.1% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €3,674 | €5,456 | +€1,783 | +48.5% |
| Suppliers | 440/4 | €3,674 | €5,456 | +€1,783 | +48.5% |
| Taxes, remuneration and social security | 45 | €2,267 | €4,869 | +€2,602 | +114.8% |
| Taxes | 450/3 | €2,267 | €4,869 | +€2,602 | +114.8% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €8,167 | €5,908 | -€2,259 | -27.7% |
| Accrued charges and deferred income | 492/3 | €0 | €9,250 | +€9,250 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,126 | €6,818 | +€1,692 | +33.0% |
| Other operating charges | 640/8 | €985 | €720 | -€265 | -26.9% |
| Non-recurring operating charges | 66A | €117,200 | €0 | -€117,200 | -100.0% |
| Gross operating margin | 9900 | €57,635 | €65,501 | +€7,866 | +13.6% |
| Operating profit (loss) | 9901 | -€65,676 | €57,962 | +€123,638 | |
| Financial income | 75/76B | €101 | €217 | +€116 | +114.2% |
| Recurring financial income | 75 | €101 | €217 | +€116 | +114.2% |
| Financial charges | 65/66B | €1,241 | €104 | -€1,136 | -91.6% |
| Recurring financial charges | 65 | €1,241 | €104 | -€1,136 | -91.6% |
| Profit (loss) for the period before taxes | 9903 | -€66,815 | €58,075 | +€124,890 | |
| Income taxes | 67/77 | €20,440 | €17,024 | -€3,416 | -16.7% |
| Profit (loss) for the period | 9904 | -€87,255 | €41,051 | +€128,306 | |
| Profit (loss) for the period to be appropriated | 9905 | -€87,255 | €41,051 | +€128,306 |
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 4 October 2026 via checked.be.