MDV Design: 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 Design
Largest movements
- Receivables within one year -€57,843
down €57,843 (-90.3%), from €64,033 to €6,190
of which Trade receivables: -€50,170
- Deferred charges and accrued income -€9,622
down €9,622 (-96.0%), from €10,022 to €400
- Cash -€5,402
down €5,402 (-73.4%), from €7,363 to €1,961
mainly Trade debts (-€27,135) and Net result for the year (-€19,102)
- Tangible fixed assets +€3,725
up €3,725 (+45.7%), from €8,156 to €11,881
- Trade debts -€27,135
down €27,135 (-61.6%), from €44,036 to €16,901
- Profit (loss) carried forward -€19,102
down €19,102 (-63.0%), from -€30,300 to -€49,402
- Debts after one year -€11,204
down €11,204 (-73.1%), from €15,335 to €4,132
- Short-term financial debts -€8,165
no longer reported in 2025 (was €8,165)
- Current portion of long-term debt -€1,815
down €1,815 (-13.9%), from €13,019 to €11,204
- Gross operating margin +€87,385
up €87,385 (+96.0%), from €91,034 to €178,418
- Staff costs +€55,453
up €55,453 (+44.2%), from €125,352 to €180,804
- Other operating charges +€4,644
up €4,644 (+398%), from €1,167 to €5,811
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 | €89,575 | €20,432 | -€69,142 | -77.2% |
| Fixed assets | 21/28 | €8,156 | €11,881 | +€3,725 | +45.7% |
| Tangible fixed assets | 22/27 | €8,156 | €11,881 | +€3,725 | +45.7% |
| Furniture and vehicles | 24 | €8,156 | €11,881 | +€3,725 | +45.7% |
| Current assets | 29/58 | €81,419 | €8,551 | -€72,868 | -89.5% |
| Amounts receivable within one year | 40/41 | €64,033 | €6,190 | -€57,843 | -90.3% |
| Trade receivables | 40 | €53,184 | €3,014 | -€50,170 | -94.3% |
| Other amounts receivable | 41 | €10,849 | €3,176 | -€7,673 | -70.7% |
| Cash at bank and in hand | 54/58 | €7,363 | €1,961 | -€5,402 | -73.4% |
| Deferred charges and accrued income | 490/1 | €10,022 | €400 | -€9,622 | -96.0% |
| Total equity and liabilities | 10/49 | €89,575 | €20,432 | -€69,142 | -77.2% |
| Equity | 10/15 | -€10,300 | -€29,402 | -€19,102 | -185% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€30,300 | -€49,402 | -€19,102 | -63.0% |
| Amounts payable | 17/49 | €99,875 | €49,834 | -€50,041 | -50.1% |
| Amounts payable after more than one year | 17 | €15,335 | €4,132 | -€11,204 | -73.1% |
| Financial debts | 170/4 | €15,335 | €4,132 | -€11,204 | -73.1% |
| Amounts payable within one year | 42/48 | €84,540 | €45,703 | -€38,837 | -45.9% |
| Current portion of amounts payable after more than one year | 42 | €13,019 | €11,204 | -€1,815 | -13.9% |
| Financial debts | 43 | €8,165 | - | -€8,165 | |
| Credit institutions | 430/8 | €8,165 | - | -€8,165 | |
| Trade debts | 44 | €44,036 | €16,901 | -€27,135 | -61.6% |
| Suppliers | 440/4 | €44,036 | €16,901 | -€27,135 | -61.6% |
| Taxes, remuneration and social security | 45 | €19,013 | €17,598 | -€1,415 | -7.4% |
| Taxes | 450/3 | €12,659 | €10,259 | -€2,400 | -19.0% |
| Remuneration and social security | 454/9 | €6,354 | €7,339 | +€985 | +15.5% |
| Other amounts payable | 47/48 | €307 | - | -€307 | |
| Non-recurring operating income | 76A | €22,732 | - | -€22,732 | |
| Remuneration, social security and pensions | 62 | €125,352 | €180,804 | +€55,453 | +44.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,544 | €4,611 | -€933 | -16.8% |
| Other operating charges | 640/8 | €1,167 | €5,811 | +€4,644 | +398% |
| Gross operating margin | 9900 | €91,034 | €178,418 | +€87,385 | +96.0% |
| Operating profit (loss) | 9901 | -€41,028 | -€12,808 | +€28,221 | +68.8% |
| Financial income | 75/76B | €446 | €388 | -€58 | -13.1% |
| Recurring financial income | 75 | €446 | €388 | -€58 | -13.1% |
| Financial charges | 65/66B | €6,362 | €6,420 | +€58 | +0.9% |
| Recurring financial charges | 65 | €6,362 | €6,420 | +€58 | +0.9% |
| Profit (loss) for the period before taxes | 9903 | -€46,944 | -€18,840 | +€28,104 | +59.9% |
| Income taxes | 67/77 | €1,150 | €262 | -€888 | -77.3% |
| Profit (loss) for the period | 9904 | -€48,094 | -€19,102 | +€28,992 | +60.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€48,094 | -€19,102 | +€28,992 | +60.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.