MDEVI: 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.
MDEVI
Largest movements
- Cash -€29,328
down €29,328 (-46.1%), from €63,623 to €34,295
mainly Net result for the year (-€15,490) and Debts after one year (-€12,574)
- Tangible fixed assets -€12,907
down €12,907 (-28.4%), from €45,518 to €32,611
of which Plant, machinery and equipment: -€10,700
- Deferred charges and accrued income +€3,910
up €3,910 (+36.5%), from €10,705 to €14,614
- Stocks and contracts +€2,079
up €2,079 (+20.7%), from €10,067 to €12,146
- Profit (loss) carried forward -€82,732
no longer reported in 2025 (was €82,732)
- Reserves +€67,242
up €67,242 (+3615.2%), from €1,860 to €69,102
- Debts after one year -€12,574
no longer reported in 2025 (was €12,574)
- Tax, wage and social debts -€8,045
down €8,045 (-91.0%), from €8,840 to €795
- Other debts -€3,506
down €3,506 (-98.2%), from €3,570 to €64
- Gross operating margin -€31,489
down €31,489, from €31,379 to -€110
- Taxes -€5,217
down €5,217 (-98.5%), from €5,299 to €82
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 | €157,661 | €120,117 | -€37,544 | -23.8% |
| Fixed assets | 21/28 | €52,301 | €39,394 | -€12,907 | -24.7% |
| Tangible fixed assets | 22/27 | €45,518 | €32,611 | -€12,907 | -28.4% |
| Plant, machinery and equipment | 23 | €34,909 | €24,209 | -€10,700 | -30.7% |
| Other tangible fixed assets | 26 | €10,609 | €8,402 | -€2,207 | -20.8% |
| Financial fixed assets | 28 | €6,782 | €6,782 | = | 0.0% |
| Current assets | 29/58 | €105,360 | €80,724 | -€24,637 | -23.4% |
| Stocks and contracts in progress | 3 | €10,067 | €12,146 | +€2,079 | +20.7% |
| Stocks | 30/36 | €10,067 | €12,146 | +€2,079 | +20.7% |
| Amounts receivable within one year | 40/41 | €20,966 | €19,668 | -€1,298 | -6.2% |
| Trade receivables | 40 | €20,966 | €19,668 | -€1,298 | -6.2% |
| Cash at bank and in hand | 54/58 | €63,623 | €34,295 | -€29,328 | -46.1% |
| Deferred charges and accrued income | 490/1 | €10,705 | €14,614 | +€3,910 | +36.5% |
| Total equity and liabilities | 10/49 | €157,661 | €120,117 | -€37,544 | -23.8% |
| Equity | 10/15 | €90,792 | €75,302 | -€15,490 | -17.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €69,102 | +€67,242 | +3615.2% |
| Distributable reserves | 133 | €1,860 | €69,102 | +€67,242 | +3615.2% |
| Profit (loss) carried forward | 14 | €82,732 | - | -€82,732 | |
| Amounts payable | 17/49 | €66,869 | €44,815 | -€22,054 | -33.0% |
| Amounts payable after more than one year | 17 | €12,574 | - | -€12,574 | |
| Financial debts | 170/4 | €12,574 | - | -€12,574 | |
| Amounts payable within one year | 42/48 | €54,295 | €44,815 | -€9,480 | -17.5% |
| Current portion of amounts payable after more than one year | 42 | €37,571 | €39,047 | +€1,476 | +3.9% |
| Trade debts | 44 | €4,313 | €4,908 | +€595 | +13.8% |
| Suppliers | 440/4 | €4,313 | €4,908 | +€595 | +13.8% |
| Taxes, remuneration and social security | 45 | €8,840 | €795 | -€8,045 | -91.0% |
| Taxes | 450/3 | €8,840 | €795 | -€8,045 | -91.0% |
| Other amounts payable | 47/48 | €3,570 | €64 | -€3,506 | -98.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,907 | €12,907 | = | 0.0% |
| Other operating charges | 640/8 | €191 | €250 | +€59 | +30.8% |
| Non-recurring operating charges | 66A | €12,770 | - | -€12,770 | |
| Gross operating margin | 9900 | €31,379 | -€110 | -€31,489 | |
| Operating profit (loss) | 9901 | €5,510 | -€13,268 | -€18,778 | |
| Financial income | 75/76B | €437 | €273 | -€164 | -37.5% |
| Recurring financial income | 75 | €437 | €273 | -€164 | -37.5% |
| Financial charges | 65/66B | €2,547 | €2,414 | -€133 | -5.2% |
| Recurring financial charges | 65 | €2,547 | €2,414 | -€133 | -5.2% |
| Profit (loss) for the period before taxes | 9903 | €3,401 | -€15,408 | -€18,809 | |
| Income taxes | 67/77 | €5,299 | €82 | -€5,217 | -98.5% |
| Profit (loss) for the period | 9904 | -€1,898 | -€15,490 | -€13,592 | -716.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,898 | -€15,490 | -€13,592 | -716.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.