MDO 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.
MDO Services
Largest movements
- Receivables within one year +€61,947
up €61,947 (+46.3%), from €133,665 to €195,612
of which Trade receivables: +€48,365
- Cash +€7,935
up €7,935 (+24.4%), from €32,473 to €40,408
mainly Net result for the year (+€42,085) and Tax, wage and social debts (+€38,891)
- Profit (loss) carried forward +€42,085
up €42,085 (+80.0%), from €52,580 to €94,665
- Tax, wage and social debts +€38,891
up €38,891 (+122.1%), from €31,845 to €70,735
of which Taxes: +€25,248
- Accrued charges and deferred income -€23,659
down €23,659 (-62.3%), from €37,978 to €14,319
- Trade debts +€14,880
up €14,880 (+30.5%), from €48,785 to €63,665
- Taxes +€3,595
up €3,595 (+20.4%), from €17,647 to €21,243
- Other operating charges +€2,234
up €2,234 (+171.0%), from €1,306 to €3,540
- Gross operating margin +€1,183
up €1,183 (+1.4%), from €82,464 to €83,647
- Staff costs +€1,047
up €1,047 (+31.7%), from €3,307 to €4,355
- Depreciation +€1,002
up €1,002 (+8.5%), from €11,778 to €12,780
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €215,995 | €287,500 | +€71,506 | +33.1% |
| Fixed assets | 21/28 | €49,857 | €51,480 | +€1,623 | +3.3% |
| Tangible fixed assets | 22/27 | €49,857 | €51,480 | +€1,623 | +3.3% |
| Plant, machinery and equipment | 23 | €3,366 | €1,758 | -€1,608 | -47.8% |
| Furniture and vehicles | 24 | €4,938 | €13,410 | +€8,472 | +171.6% |
| Other tangible fixed assets | 26 | €41,553 | €36,312 | -€5,242 | -12.6% |
| Current assets | 29/58 | €166,138 | €236,020 | +€69,883 | +42.1% |
| Amounts receivable within one year | 40/41 | €133,665 | €195,612 | +€61,947 | +46.3% |
| Trade receivables | 40 | €111,672 | €160,037 | +€48,365 | +43.3% |
| Other amounts receivable | 41 | €21,993 | €35,575 | +€13,583 | +61.8% |
| Cash at bank and in hand | 54/58 | €32,473 | €40,408 | +€7,935 | +24.4% |
| Total equity and liabilities | 10/49 | €215,995 | €287,500 | +€71,506 | +33.1% |
| Equity | 10/15 | €53,580 | €95,665 | +€42,085 | +78.5% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €52,580 | €94,665 | +€42,085 | +80.0% |
| Amounts payable | 17/49 | €162,415 | €191,836 | +€29,421 | +18.1% |
| Amounts payable within one year | 42/48 | €124,437 | €177,517 | +€53,080 | +42.7% |
| Current portion of amounts payable after more than one year | 42 | €691 | - | -€691 | |
| Trade debts | 44 | €48,785 | €63,665 | +€14,880 | +30.5% |
| Suppliers | 440/4 | €48,785 | €63,665 | +€14,880 | +30.5% |
| Advances received on contracts in progress | 46 | €43,116 | €43,116 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €31,845 | €70,735 | +€38,891 | +122.1% |
| Taxes | 450/3 | €31,845 | €57,093 | +€25,248 | +79.3% |
| Remuneration and social security | 454/9 | - | €13,643 | +€13,643 | |
| Accrued charges and deferred income | 492/3 | €37,978 | €14,319 | -€23,659 | -62.3% |
| Remuneration, social security and pensions | 62 | €3,307 | €4,355 | +€1,047 | +31.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,778 | €12,780 | +€1,002 | +8.5% |
| Other operating charges | 640/8 | €1,306 | €3,540 | +€2,234 | +171.0% |
| Gross operating margin | 9900 | €82,464 | €83,647 | +€1,183 | +1.4% |
| Operating profit (loss) | 9901 | €66,073 | €62,972 | -€3,100 | -4.7% |
| Financial income | 75/76B | €707 | €1,427 | +€720 | +101.9% |
| Recurring financial income | 75 | €707 | €1,427 | +€720 | +101.9% |
| Financial charges | 65/66B | €481 | €1,071 | +€591 | +123.0% |
| Recurring financial charges | 65 | €481 | €1,071 | +€591 | +123.0% |
| Profit (loss) for the period before taxes | 9903 | €66,299 | €63,328 | -€2,971 | -4.5% |
| Income taxes | 67/77 | €17,647 | €21,243 | +€3,595 | +20.4% |
| Profit (loss) for the period | 9904 | €48,651 | €42,085 | -€6,566 | -13.5% |
| Profit (loss) for the period to be appropriated | 9905 | €48,651 | €42,085 | -€6,566 | -13.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2023 and 30 September 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.