MSD CONFORT: 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.
MSD CONFORT
Largest movements
- Receivables within one year -€25,314
down €25,314 (-85.6%), from €29,564 to €4,250
of which Trade receivables: -€24,834
- Cash +€16,314
up €16,314 (+722%), from €2,260 to €18,574
mainly Other debts (+€31,929) and Receivables within one year (+€25,314)
- Tangible fixed assets -€538
down €538 (-65.4%), from €823 to €285
- Profit (loss) carried forward -€36,211
down €36,211 (-119%), from -€30,500 to -€66,711
- Other debts +€31,929
up €31,929 (+86.1%), from €37,080 to €69,009
- Trade debts -€4,385
down €4,385 (-99.3%), from €4,415 to €30
- Tax, wage and social debts -€1,192
no longer reported in 2025 (was €1,192)
of which Remuneration and social security: -€967
- Gross operating margin -€19,437
down €19,437 (-126%), from -€15,431 to -€34,867
- Staff costs -€7,334
down €7,334 (-96.3%), from €7,618 to €284
- Financial charges -€372
down €372 (-76.2%), from €489 to €116
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 | €32,647 | €23,109 | -€9,539 | -29.2% |
| Fixed assets | 21/28 | €823 | €285 | -€538 | -65.4% |
| Tangible fixed assets | 22/27 | €823 | €285 | -€538 | -65.4% |
| Furniture and vehicles | 24 | €823 | €285 | -€538 | -65.4% |
| Current assets | 29/58 | €31,824 | €22,823 | -€9,001 | -28.3% |
| Amounts receivable within one year | 40/41 | €29,564 | €4,250 | -€25,314 | -85.6% |
| Trade receivables | 40 | €28,423 | €3,589 | -€24,834 | -87.4% |
| Other amounts receivable | 41 | €1,141 | €661 | -€480 | -42.1% |
| Cash at bank and in hand | 54/58 | €2,260 | €18,574 | +€16,314 | +722% |
| Total equity and liabilities | 10/49 | €32,647 | €23,109 | -€9,539 | -29.2% |
| Equity | 10/15 | -€10,040 | -€46,251 | -€36,211 | -361% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€30,500 | -€66,711 | -€36,211 | -119% |
| Amounts payable | 17/49 | €42,688 | €69,360 | +€26,672 | +62.5% |
| Amounts payable within one year | 42/48 | €42,688 | €69,040 | +€26,352 | +61.7% |
| Trade debts | 44 | €4,415 | €30 | -€4,385 | -99.3% |
| Suppliers | 440/4 | €4,415 | €30 | -€4,385 | -99.3% |
| Taxes, remuneration and social security | 45 | €1,192 | - | -€1,192 | |
| Taxes | 450/3 | €225 | - | -€225 | |
| Remuneration and social security | 454/9 | €967 | - | -€967 | |
| Other amounts payable | 47/48 | €37,080 | €69,009 | +€31,929 | +86.1% |
| Accrued charges and deferred income | 492/3 | - | €320 | +€320 | |
| Remuneration, social security and pensions | 62 | €7,618 | €284 | -€7,334 | -96.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €547 | €538 | -€9 | -1.6% |
| Other operating charges | 640/8 | €504 | €714 | +€211 | +41.8% |
| Gross operating margin | 9900 | -€15,431 | -€34,867 | -€19,437 | -126% |
| Operating profit (loss) | 9901 | -€24,099 | -€36,404 | -€12,305 | -51.1% |
| Financial income | 75/76B | €372 | €309 | -€63 | -16.9% |
| Recurring financial income | 75 | €372 | €309 | -€63 | -16.9% |
| Financial charges | 65/66B | €489 | €116 | -€372 | -76.2% |
| Recurring financial charges | 65 | €489 | €116 | -€372 | -76.2% |
| Profit (loss) for the period before taxes | 9903 | -€24,216 | -€36,211 | -€11,995 | -49.5% |
| Profit (loss) for the period | 9904 | -€24,216 | -€36,211 | -€11,995 | -49.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€24,216 | -€36,211 | -€11,995 | -49.5% |
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.