MDQ 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.
MDQ Services
Largest movements
- Receivables within one year +€19,506
up €19,506 (+85.8%), from €22,740 to €42,246
of which Other amounts receivable: +€14,113
- Tangible fixed assets -€2,154
down €2,154 (-32.1%), from €6,706 to €4,552
- Intangible fixed assets +€1,445
new in 2025: €1,445
- Cash -€807
down €807 (-4.2%), from €19,067 to €18,260
mainly Receivables within one year (-€19,506) and Investment in fixed assets (net) (-€1,445)
- Profit (loss) carried forward +€12,430
up €12,430 (+33.0%), from €37,694 to €50,124
- Tax, wage and social debts +€4,400
up €4,400 (+27.5%), from €16,024 to €20,425
- Gross operating margin -€20,280
down €20,280 (-47.4%), from €42,801 to €22,521
- Taxes -€4,115
down €4,115 (-45.7%), from €9,015 to €4,899
- Financial charges +€2,208
up €2,208 (+196%), from €1,127 to €3,336
- Depreciation +€775
up €775 (+56.3%), from €1,378 to €2,154
- Financial income +€703
up €703 (+570%), from €123 to €826
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 | €57,413 | €74,702 | +€17,289 | +30.1% |
| Fixed assets | 21/28 | €6,706 | €5,997 | -€709 | -10.6% |
| Intangible fixed assets | 21 | - | €1,445 | +€1,445 | |
| Tangible fixed assets | 22/27 | €6,706 | €4,552 | -€2,154 | -32.1% |
| Furniture and vehicles | 24 | €6,706 | €4,552 | -€2,154 | -32.1% |
| Current assets | 29/58 | €50,707 | €68,704 | +€17,997 | +35.5% |
| Amounts receivable within one year | 40/41 | €22,740 | €42,246 | +€19,506 | +85.8% |
| Trade receivables | 40 | €15,165 | €20,558 | +€5,393 | +35.6% |
| Other amounts receivable | 41 | €7,575 | €21,687 | +€14,113 | +186% |
| Cash at bank and in hand | 54/58 | €19,067 | €18,260 | -€807 | -4.2% |
| Deferred charges and accrued income | 490/1 | €8,900 | €8,199 | -€701 | -7.9% |
| Total equity and liabilities | 10/49 | €57,413 | €74,702 | +€17,289 | +30.1% |
| Equity | 10/15 | €39,194 | €51,624 | +€12,430 | +31.7% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €37,694 | €50,124 | +€12,430 | +33.0% |
| Amounts payable | 17/49 | €18,219 | €23,077 | +€4,858 | +26.7% |
| Amounts payable within one year | 42/48 | €18,204 | €23,065 | +€4,861 | +26.7% |
| Trade debts | 44 | €2,180 | €2,640 | +€461 | +21.1% |
| Suppliers | 440/4 | €2,180 | €2,640 | +€461 | +21.1% |
| Taxes, remuneration and social security | 45 | €16,024 | €20,425 | +€4,400 | +27.5% |
| Taxes | 450/3 | €16,024 | €20,425 | +€4,400 | +27.5% |
| Accrued charges and deferred income | 492/3 | €15 | €12 | -€3 | -16.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,378 | €2,154 | +€775 | +56.3% |
| Other operating charges | 640/8 | €559 | €527 | -€31 | -5.6% |
| Gross operating margin | 9900 | €42,801 | €22,521 | -€20,280 | -47.4% |
| Operating profit (loss) | 9901 | €40,864 | €19,840 | -€21,025 | -51.4% |
| Financial income | 75/76B | €123 | €826 | +€703 | +570% |
| Recurring financial income | 75 | €123 | €826 | +€703 | +570% |
| Financial charges | 65/66B | €1,127 | €3,336 | +€2,208 | +196% |
| Recurring financial charges | 65 | €1,127 | €3,336 | +€2,208 | +196% |
| Profit (loss) for the period before taxes | 9903 | €39,860 | €17,330 | -€22,530 | -56.5% |
| Income taxes | 67/77 | €9,015 | €4,899 | -€4,115 | -45.7% |
| Profit (loss) for the period | 9904 | €30,845 | €12,430 | -€18,415 | -59.7% |
| Profit (loss) for the period to be appropriated | 9905 | €30,845 | €12,430 | -€18,415 | -59.7% |
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 15 October 2026 via checked.be.