DR. MVDB: 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.
DR. MVDB
Largest movements
- Cash +€34,540
up €34,540 (+40.5%), from €85,306 to €119,847
mainly Other debts (+€137,891) and Net result for the year (+€45,606)
- Tangible fixed assets -€9,353
down €9,353 (-30.7%), from €30,492 to €21,139
of which Furniture and vehicles: -€8,751
- Deferred charges and accrued income +€4,820
up €4,820 (+28.6%), from €16,851 to €21,671
- Receivables within one year -€3,139
down €3,139 (-63.8%), from €4,921 to €1,783
of which Trade receivables: -€3,679
- Other debts +€137,891
new in 2025: €137,891
- Profit (loss) carried forward -€117,394
down €117,394 (-99.8%), from €117,585 to €191
- Tax, wage and social debts +€6,900
up €6,900 (+40.5%), from €17,036 to €23,936
- Gross operating margin -€5,582
down €5,582 (-7.5%), from €74,352 to €68,771
- Depreciation +€5,421
up €5,421 (+137.8%), from €3,933 to €9,353
- Taxes -€1,868
down €1,868 (-12.4%), from €15,086 to €13,217
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 | €137,571 | €164,439 | +€26,869 | +19.5% |
| Fixed assets | 21/28 | €30,492 | €21,139 | -€9,353 | -30.7% |
| Tangible fixed assets | 22/27 | €30,492 | €21,139 | -€9,353 | -30.7% |
| Furniture and vehicles | 24 | €28,363 | €19,612 | -€8,751 | -30.9% |
| Other tangible fixed assets | 26 | €2,130 | €1,527 | -€603 | -28.3% |
| Current assets | 29/58 | €107,078 | €143,300 | +€36,222 | +33.8% |
| Amounts receivable within one year | 40/41 | €4,921 | €1,783 | -€3,139 | -63.8% |
| Trade receivables | 40 | €3,679 | - | -€3,679 | |
| Other amounts receivable | 41 | €1,242 | €1,783 | +€540 | +43.5% |
| Cash at bank and in hand | 54/58 | €85,306 | €119,847 | +€34,540 | +40.5% |
| Deferred charges and accrued income | 490/1 | €16,851 | €21,671 | +€4,820 | +28.6% |
| Total equity and liabilities | 10/49 | €137,571 | €164,439 | +€26,869 | +19.5% |
| Equity | 10/15 | €119,585 | €2,191 | -€117,394 | -98.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €117,585 | €191 | -€117,394 | -99.8% |
| Amounts payable | 17/49 | €17,986 | €162,248 | +€144,263 | +802.1% |
| Amounts payable within one year | 42/48 | €17,837 | €162,248 | +€144,411 | +809.6% |
| Trade debts | 44 | €801 | €422 | -€379 | -47.3% |
| Suppliers | 440/4 | €801 | €422 | -€379 | -47.3% |
| Taxes, remuneration and social security | 45 | €17,036 | €23,936 | +€6,900 | +40.5% |
| Taxes | 450/3 | €17,036 | €23,936 | +€6,900 | +40.5% |
| Other amounts payable | 47/48 | - | €137,891 | +€137,891 | |
| Accrued charges and deferred income | 492/3 | €149 | - | -€149 | |
| Non-recurring operating income | 76A | €448 | - | -€448 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,933 | €9,353 | +€5,421 | +137.8% |
| Other operating charges | 640/8 | €617 | €546 | -€71 | -11.5% |
| Gross operating margin | 9900 | €74,352 | €68,771 | -€5,582 | -7.5% |
| Operating profit (loss) | 9901 | €69,803 | €58,871 | -€10,932 | -15.7% |
| Financial income | 75/76B | €311 | - | -€311 | |
| Recurring financial income | 75 | €311 | - | -€311 | |
| Financial charges | 65/66B | €47 | €48 | +€2 | +3.2% |
| Recurring financial charges | 65 | €47 | €48 | +€2 | +3.2% |
| Profit (loss) for the period before taxes | 9903 | €70,068 | €58,823 | -€11,244 | -16.0% |
| Income taxes | 67/77 | €15,086 | €13,217 | -€1,868 | -12.4% |
| Profit (loss) for the period | 9904 | €54,982 | €45,606 | -€9,376 | -17.1% |
| Profit (loss) for the period to be appropriated | 9905 | €54,982 | €45,606 | -€9,376 | -17.1% |
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 11 October 2026 via checked.be.