MDV Consultancy: 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.
MDV Consultancy
Largest movements
- Tangible fixed assets +€282,005
up €282,005 (+50,671%), from €557 to €282,561
of which Land and buildings: +€267,560
- Financial fixed assets -€216,424
down €216,424 (-99.9%), from €216,574 to €150
- Cash -€25,978
down €25,978 (-86.1%), from €30,184 to €4,206
mainly Investment in fixed assets (net) (-€124,772) and Net result for the year (-€28,086)
- Receivables within one year -€13,000
no longer reported in 2025 (was €13,000)
- Intangible fixed assets +€11,566
new in 2025: €11,566
- Debts after one year +€103,666
up €103,666 (+100%), from €103,210 to €206,875
- Reserves -€28,086
down €28,086 (-37.9%), from €74,139 to €46,053
- Tax, wage and social debts -€13,376
down €13,376 (-51.2%), from €26,119 to €12,743
- Current portion of long-term debt -€11,184
down €11,184 (-41.9%), from €26,717 to €15,533
- Gross operating margin -€58,125
down €58,125, from €52,576 to -€5,549
- Depreciation +€47,210
up €47,210 (+11,356%), from €416 to €47,626
- Financial income +€32,754
new in 2025: €32,754
- Taxes -€12,613
down €12,613 (-98.6%), from €12,786 to €173
- Other operating charges +€1,187
up €1,187 (+317%), from €375 to €1,562
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 | €261,683 | €308,075 | +€46,392 | +17.7% |
| Fixed assets | 21/28 | €217,131 | €294,277 | +€77,146 | +35.5% |
| Intangible fixed assets | 21 | - | €11,566 | +€11,566 | |
| Tangible fixed assets | 22/27 | €557 | €282,561 | +€282,005 | +50,671% |
| Land and buildings | 22 | - | €267,560 | +€267,560 | |
| Furniture and vehicles | 24 | €557 | €15,002 | +€14,445 | +2,596% |
| Financial fixed assets | 28 | €216,574 | €150 | -€216,424 | -99.9% |
| Current assets | 29/58 | €44,552 | €13,798 | -€30,754 | -69.0% |
| Amounts receivable within one year | 40/41 | €13,000 | - | -€13,000 | |
| Trade receivables | 40 | €13,000 | - | -€13,000 | |
| Cash at bank and in hand | 54/58 | €30,184 | €4,206 | -€25,978 | -86.1% |
| Deferred charges and accrued income | 490/1 | €1,368 | €9,592 | +€8,224 | +601% |
| Total equity and liabilities | 10/49 | €261,683 | €308,075 | +€46,392 | +17.7% |
| Equity | 10/15 | €79,139 | €51,053 | -€28,086 | -35.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €74,139 | €46,053 | -€28,086 | -37.9% |
| Distributable reserves | 133 | €74,139 | €46,053 | -€28,086 | -37.9% |
| Amounts payable | 17/49 | €182,544 | €257,023 | +€74,479 | +40.8% |
| Amounts payable after more than one year | 17 | €103,210 | €206,875 | +€103,666 | +100% |
| Financial debts | 170/4 | €103,210 | €206,875 | +€103,666 | +100% |
| Amounts payable within one year | 42/48 | €77,488 | €50,147 | -€27,340 | -35.3% |
| Current portion of amounts payable after more than one year | 42 | €26,717 | €15,533 | -€11,184 | -41.9% |
| Trade debts | 44 | €509 | €804 | +€295 | +57.9% |
| Suppliers | 440/4 | €509 | €804 | +€295 | +57.9% |
| Taxes, remuneration and social security | 45 | €26,119 | €12,743 | -€13,376 | -51.2% |
| Taxes | 450/3 | €26,119 | €12,743 | -€13,376 | -51.2% |
| Other amounts payable | 47/48 | €24,143 | €21,068 | -€3,075 | -12.7% |
| Accrued charges and deferred income | 492/3 | €1,847 | - | -€1,847 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €416 | €47,626 | +€47,210 | +11,356% |
| Other operating charges | 640/8 | €375 | €1,562 | +€1,187 | +317% |
| Gross operating margin | 9900 | €52,576 | -€5,549 | -€58,125 | |
| Operating profit (loss) | 9901 | €51,786 | -€54,736 | -€106,522 | |
| Financial income | 75/76B | - | €32,754 | +€32,754 | |
| Recurring financial income | 75 | - | €32,754 | +€32,754 | |
| Financial charges | 65/66B | €5,199 | €5,931 | +€732 | +14.1% |
| Recurring financial charges | 65 | €5,199 | €5,931 | +€732 | +14.1% |
| Profit (loss) for the period before taxes | 9903 | €46,587 | -€27,913 | -€74,501 | |
| Income taxes | 67/77 | €12,786 | €173 | -€12,613 | -98.6% |
| Profit (loss) for the period | 9904 | €33,802 | -€28,086 | -€61,888 | |
| Profit (loss) for the period to be appropriated | 9905 | €33,802 | -€28,086 | -€61,888 |
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 27 October 2026 via checked.be.