MMD 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.
MMD SERVICES
Largest movements
- Receivables within one year +€92,288
up €92,288 (+18.8%), from €490,918 to €583,206
of which Trade receivables: +€86,821
- Tangible fixed assets -€48,130
down €48,130 (-6.1%), from €795,328 to €747,198
- Cash +€24,117
up €24,117 (+11.2%), from €216,208 to €240,325
mainly Net result for the year (+€89,586) and Trade debts (+€54,671)
- Debts after one year -€59,000
down €59,000 (-18.4%), from €320,581 to €261,581
- Trade debts +€54,671
up €54,671 (+44.2%), from €123,665 to €178,335
- Reserves +€50,000
up €50,000 (+32.9%), from €151,860 to €201,860
of which Distributable reserves: +€50,000
- Tax, wage and social debts +€42,167
up €42,167 (+70.9%), from €59,500 to €101,667
of which Taxes: +€36,710
- Profit (loss) carried forward -€25,414
down €25,414 (-3.0%), from €848,935 to €823,521
- Gross operating margin +€104,088
up €104,088 (+37.5%), from €277,715 to €381,802
- Staff costs +€52,311
up €52,311 (+38.6%), from €135,533 to €187,845
- Other operating charges +€13,798
up €13,798 (+164.4%), from €8,392 to €22,190
- Taxes -€4,630
down €4,630 (-12.0%), from €38,442 to €33,812
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 | €1,579,889 | €1,645,870 | +€65,982 | +4.2% |
| Fixed assets | 21/28 | €864,328 | €816,198 | -€48,130 | -5.6% |
| Tangible fixed assets | 22/27 | €795,328 | €747,198 | -€48,130 | -6.1% |
| Land and buildings | 22 | €702,537 | €679,127 | -€23,411 | -3.3% |
| Plant, machinery and equipment | 23 | €7,000 | €5,320 | -€1,680 | -24.0% |
| Furniture and vehicles | 24 | €85,791 | €62,752 | -€23,039 | -26.9% |
| Financial fixed assets | 28 | €69,000 | €69,000 | = | 0.0% |
| Current assets | 29/58 | €715,561 | €829,672 | +€114,111 | +15.9% |
| Amounts receivable within one year | 40/41 | €490,918 | €583,206 | +€92,288 | +18.8% |
| Trade receivables | 40 | €433,398 | €520,219 | +€86,821 | +20.0% |
| Other amounts receivable | 41 | €57,520 | €62,987 | +€5,467 | +9.5% |
| Cash at bank and in hand | 54/58 | €216,208 | €240,325 | +€24,117 | +11.2% |
| Deferred charges and accrued income | 490/1 | €8,434 | €6,140 | -€2,294 | -27.2% |
| Total equity and liabilities | 10/49 | €1,579,889 | €1,645,870 | +€65,982 | +4.2% |
| Equity | 10/15 | €1,000,795 | €1,025,381 | +€24,586 | +2.5% |
| Reserves | 13 | €151,860 | €201,860 | +€50,000 | +32.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €150,000 | €200,000 | +€50,000 | +33.3% |
| Profit (loss) carried forward | 14 | €848,935 | €823,521 | -€25,414 | -3.0% |
| Amounts payable | 17/49 | €579,093 | €620,489 | +€41,396 | +7.1% |
| Amounts payable after more than one year | 17 | €320,581 | €261,581 | -€59,000 | -18.4% |
| Financial debts | 170/4 | €320,581 | €261,581 | -€59,000 | -18.4% |
| Amounts payable within one year | 42/48 | €258,512 | €358,908 | +€100,396 | +38.8% |
| Current portion of amounts payable after more than one year | 42 | €55,922 | €54,409 | -€1,513 | -2.7% |
| Financial debts | 43 | €19,336 | €23,490 | +€4,153 | +21.5% |
| Credit institutions | 430/8 | €19,336 | €23,490 | +€4,153 | +21.5% |
| Trade debts | 44 | €123,665 | €178,335 | +€54,671 | +44.2% |
| Suppliers | 440/4 | €123,665 | €178,335 | +€54,671 | +44.2% |
| Taxes, remuneration and social security | 45 | €59,500 | €101,667 | +€42,167 | +70.9% |
| Taxes | 450/3 | €35,475 | €72,185 | +€36,710 | +103.5% |
| Remuneration and social security | 454/9 | €24,025 | €29,481 | +€5,457 | +22.7% |
| Other amounts payable | 47/48 | €89 | €1,007 | +€918 | +1029.1% |
| Remuneration, social security and pensions | 62 | €135,533 | €187,845 | +€52,311 | +38.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,438 | €48,130 | +€3,691 | +8.3% |
| Other operating charges | 640/8 | €8,392 | €22,190 | +€13,798 | +164.4% |
| Gross operating margin | 9900 | €277,715 | €381,802 | +€104,088 | +37.5% |
| Operating profit (loss) | 9901 | €89,352 | €123,639 | +€34,287 | +38.4% |
| Financial income | 75/76B | €12,837 | €9,189 | -€3,648 | -28.4% |
| Recurring financial income | 75 | €12,837 | €9,189 | -€3,648 | -28.4% |
| Financial charges | 65/66B | €8,832 | €9,430 | +€597 | +6.8% |
| Recurring financial charges | 65 | €8,832 | €9,430 | +€597 | +6.8% |
| Profit (loss) for the period before taxes | 9903 | €93,356 | €123,398 | +€30,042 | +32.2% |
| Income taxes | 67/77 | €38,442 | €33,812 | -€4,630 | -12.0% |
| Profit (loss) for the period | 9904 | €54,914 | €89,586 | +€34,672 | +63.1% |
| Profit (loss) for the period to be appropriated | 9905 | €54,914 | €89,586 | +€34,672 | +63.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.