MDS VIRK: 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.
MDS VIRK
Largest movements
- Cash +€11,661
up €11,661 (+76.6%), from €15,228 to €26,889
mainly Trade debts (+€12,826) and Other debts (+€6,083)
- Stocks and contracts +€3,522
up €3,522 (+19.3%), from €18,284 to €21,806
- Receivables within one year -€814
down €814 (-89.4%), from €911 to €97
- Trade debts +€12,826
up €12,826 (+884%), from €1,450 to €14,277
- Other debts +€6,083
up €6,083 (+27.2%), from €22,328 to €28,410
- Profit (loss) carried forward -€3,932
down €3,932, from €0 to -€3,932
- Tax, wage and social debts -€917
down €917 (-26.7%), from €3,437 to €2,520
of which Taxes: -€917
- Gross operating margin +€1,510
up €1,510 (+389%), from €389 to €1,899
- Other operating charges +€818
up €818 (+132%), from €618 to €1,435
- Depreciation +€70
up €70 (+24.4%), from €288 to €358
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 | €42,643 | €56,704 | +€14,061 | +33.0% |
| Fixed assets | 21/28 | €8,220 | €7,913 | -€308 | -3.7% |
| Tangible fixed assets | 22/27 | €4,720 | €4,363 | -€358 | -7.6% |
| Land and buildings | 22 | €3,270 | €3,066 | -€204 | -6.2% |
| Plant, machinery and equipment | 23 | €1,450 | €1,297 | -€153 | -10.6% |
| Financial fixed assets | 28 | €3,500 | €3,550 | +€50 | +1.4% |
| Current assets | 29/58 | €34,423 | €48,791 | +€14,368 | +41.7% |
| Stocks and contracts in progress | 3 | €18,284 | €21,806 | +€3,522 | +19.3% |
| Stocks | 30/36 | €18,284 | €21,806 | +€3,522 | +19.3% |
| Amounts receivable within one year | 40/41 | €911 | €97 | -€814 | -89.4% |
| Trade receivables | 40 | €911 | €97 | -€814 | -89.4% |
| Cash at bank and in hand | 54/58 | €15,228 | €26,889 | +€11,661 | +76.6% |
| Total equity and liabilities | 10/49 | €42,643 | €56,704 | +€14,061 | +33.0% |
| Equity | 10/15 | €15,429 | €11,497 | -€3,932 | -25.5% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €9,429 | €9,429 | = | 0.0% |
| Distributable reserves | 133 | €9,429 | €9,429 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | -€3,932 | -€3,932 | |
| Amounts payable | 17/49 | €27,215 | €45,207 | +€17,992 | +66.1% |
| Amounts payable within one year | 42/48 | €27,215 | €45,207 | +€17,992 | +66.1% |
| Trade debts | 44 | €1,450 | €14,277 | +€12,826 | +884% |
| Suppliers | 440/4 | €1,450 | €14,277 | +€12,826 | +884% |
| Taxes, remuneration and social security | 45 | €3,437 | €2,520 | -€917 | -26.7% |
| Taxes | 450/3 | €1,937 | €1,020 | -€917 | -47.3% |
| Remuneration and social security | 454/9 | €1,500 | €1,500 | = | 0.0% |
| Other amounts payable | 47/48 | €22,328 | €28,410 | +€6,083 | +27.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €288 | €358 | +€70 | +24.4% |
| Other operating charges | 640/8 | €618 | €1,435 | +€818 | +132% |
| Gross operating margin | 9900 | €389 | €1,899 | +€1,510 | +389% |
| Operating profit (loss) | 9901 | -€517 | €106 | +€622 | |
| Financial income | 75/76B | €7 | €1 | -€7 | -93.0% |
| Recurring financial income | 75 | €7 | €1 | -€7 | -93.0% |
| Financial charges | 65/66B | €4,025 | €4,038 | +€13 | +0.3% |
| Recurring financial charges | 65 | €4,025 | €4,038 | +€13 | +0.3% |
| Profit (loss) for the period before taxes | 9903 | -€4,535 | -€3,932 | +€603 | +13.3% |
| Income taxes | 67/77 | €16 | €0 | -€16 | -100% |
| Profit (loss) for the period | 9904 | -€4,551 | -€3,932 | +€619 | +13.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,551 | -€3,932 | +€619 | +13.6% |
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 18 October 2026 via checked.be.