MDNVERSE: 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.
MDNVERSE
Largest movements
- Cash +€13,630
up €13,630 (+82.7%), from €16,482 to €30,112
mainly Other debts (+€26,744) and Net result for the year (+€17,409)
- Receivables within one year -€6,683
down €6,683 (-61.4%), from €10,890 to €4,207
of which Trade receivables: -€6,820
- Tangible fixed assets -€2,466
down €2,466 (-43.6%), from €5,651 to €3,185
- Other debts +€26,744
up €26,744 (+1189.0%), from €2,249 to €28,994
- Reserves -€9,000
no longer reported in 2025 (was €9,000)
- Trade debts -€8,377
down €8,377 (-95.6%), from €8,767 to €390
- Tax, wage and social debts -€5,310
down €5,310 (-46.5%), from €11,427 to €6,118
of which Remuneration and social security: -€3,668
- Profit (loss) carried forward +€409
up €409 (+94.4%), from €433 to €842
- Gross operating margin +€7,672
up €7,672 (+37.8%), from €20,320 to €27,992
- Taxes +€1,981
up €1,981 (+51.0%), from €3,882 to €5,863
- Depreciation -€364
down €364 (-8.4%), from €4,357 to €3,993
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 | €33,559 | €37,999 | +€4,441 | +13.2% |
| Fixed assets | 21/28 | €6,187 | €3,594 | -€2,592 | -41.9% |
| Intangible fixed assets | 21 | €535 | €409 | -€126 | -23.5% |
| Tangible fixed assets | 22/27 | €5,651 | €3,185 | -€2,466 | -43.6% |
| Furniture and vehicles | 24 | €5,651 | €3,185 | -€2,466 | -43.6% |
| Current assets | 29/58 | €27,372 | €34,405 | +€7,033 | +25.7% |
| Amounts receivable within one year | 40/41 | €10,890 | €4,207 | -€6,683 | -61.4% |
| Trade receivables | 40 | €10,890 | €4,070 | -€6,820 | -62.6% |
| Other amounts receivable | 41 | - | €137 | +€137 | |
| Cash at bank and in hand | 54/58 | €16,482 | €30,112 | +€13,630 | +82.7% |
| Deferred charges and accrued income | 490/1 | - | €86 | +€86 | |
| Total equity and liabilities | 10/49 | €33,559 | €37,999 | +€4,441 | +13.2% |
| Equity | 10/15 | €10,683 | €2,092 | -€8,591 | -80.4% |
| Contributions | 10/11 | €1,250 | €1,250 | = | 0.0% |
| Reserves | 13 | €9,000 | - | -€9,000 | |
| Distributable reserves | 133 | €9,000 | - | -€9,000 | |
| Profit (loss) carried forward | 14 | €433 | €842 | +€409 | +94.4% |
| Amounts payable | 17/49 | €22,876 | €35,907 | +€13,031 | +57.0% |
| Amounts payable within one year | 42/48 | €22,876 | €35,907 | +€13,031 | +57.0% |
| Financial debts | 43 | €432 | €406 | -€26 | -6.1% |
| Credit institutions | 430/8 | €432 | €406 | -€26 | -6.1% |
| Trade debts | 44 | €8,767 | €390 | -€8,377 | -95.6% |
| Suppliers | 440/4 | €8,767 | €390 | -€8,377 | -95.6% |
| Taxes, remuneration and social security | 45 | €11,427 | €6,118 | -€5,310 | -46.5% |
| Taxes | 450/3 | €7,760 | €6,118 | -€1,642 | -21.2% |
| Remuneration and social security | 454/9 | €3,668 | - | -€3,668 | |
| Other amounts payable | 47/48 | €2,249 | €28,994 | +€26,744 | +1189.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,357 | €3,993 | -€364 | -8.4% |
| Other operating charges | 640/8 | €434 | €480 | +€46 | +10.5% |
| Gross operating margin | 9900 | €20,320 | €27,992 | +€7,672 | +37.8% |
| Operating profit (loss) | 9901 | €15,529 | €23,519 | +€7,990 | +51.5% |
| Financial income | 75/76B | - | €3 | +€3 | |
| Recurring financial income | 75 | - | €3 | +€3 | |
| Financial charges | 65/66B | €175 | €250 | +€75 | +43.1% |
| Recurring financial charges | 65 | €175 | €250 | +€75 | +43.1% |
| Profit (loss) for the period before taxes | 9903 | €15,355 | €23,272 | +€7,918 | +51.6% |
| Income taxes | 67/77 | €3,882 | €5,863 | +€1,981 | +51.0% |
| Profit (loss) for the period | 9904 | €11,473 | €17,409 | +€5,936 | +51.7% |
| Profit (loss) for the period to be appropriated | 9905 | €11,473 | €17,409 | +€5,936 | +51.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.