MDV FINANCE: what changed
What changed
MDV FINANCE
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
€190,191
2025 · €79,929+€110,263
Equity
€105,058
2025 · €212,513-€107,456
Cash
€24,935
2025 · €127,418-€102,483
Balance sheet total
€205,542
2025 · €481,558-€276,016
Largest movements
Assets
- Current investments -€175,000
down €175,000 (-50.0%), from €349,999 to €174,999
- Cash -€102,483
down €102,483 (-80.4%), from €127,418 to €24,935
mainly Contributions, distributions and other (-€297,647) and Other debts (-€117,542)
Equity and liabilities
- Other debts -€117,542
down €117,542 (-99.9%), from €117,715 to €173
- Reserves -€107,456
down €107,456 (-51.2%), from €210,013 to €102,558
- Debts after one year -€50,294
down €50,294 (-54.3%), from €92,568 to €42,275
Income statement
- Gross operating margin +€156,403
up €156,403 (+169%), from €92,430 to €248,833
- Taxes +€37,644
up €37,644 (+169%), from €22,270 to €59,914
- Financial income -€10,084
down €10,084 (-71.0%), from €14,213 to €4,129
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2025
€79,929
Gross operating margin
+€156,403
Other operating charges
-€209
Financial income
-€10,084
Financial charges
+€1,797
Taxes
-€37,644
Result 2026
€190,191
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€67,398
Investment
+€175,000
Financing
-€344,881
Cash 2025
€127,418
From operations (derived)
+€67,398
Net result for the year
+€190,191
Depreciation
+€343
Receivables within one year
-€3,810
Deferred charges and accrued income
+€2,000
Trade debts
-€3,784
Tax, wage and social debts
-€0
Other debts
-€117,542
Investment (derived)
+€175,000
Current investments
+€175,000
Financing
-€344,881
Debts after one year
-€50,294
Current portion of long-term debt
+€472
Short-term financial debts
+€2,588
Contributions, distributions and other
-€297,647
Cash 2026
€24,935
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €481,558 | €205,542 | -€276,016 | -57.3% |
| Fixed assets | 21/28 | €1,731 | €1,388 | -€343 | -19.8% |
| Tangible fixed assets | 22/27 | €1,231 | €888 | -€343 | -27.9% |
| Plant, machinery and equipment | 23 | €1,231 | €888 | -€343 | -27.9% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €479,827 | €204,155 | -€275,673 | -57.5% |
| Amounts receivable within one year | 40/41 | €410 | €4,220 | +€3,810 | +929% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €410 | €4,220 | +€3,810 | +929% |
| Current investments | 50/53 | €349,999 | €174,999 | -€175,000 | -50.0% |
| Cash at bank and in hand | 54/58 | €127,418 | €24,935 | -€102,483 | -80.4% |
| Deferred charges and accrued income | 490/1 | €2,000 | €0 | -€2,000 | -100% |
| Total equity and liabilities | 10/49 | €481,558 | €205,542 | -€276,016 | -57.3% |
| Equity | 10/15 | €212,513 | €105,058 | -€107,456 | -50.6% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €210,013 | €102,558 | -€107,456 | -51.2% |
| Distributable reserves | 133 | €210,013 | €102,558 | -€107,456 | -51.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €269,045 | €100,485 | -€168,560 | -62.7% |
| Amounts payable after more than one year | 17 | €92,568 | €42,275 | -€50,294 | -54.3% |
| Financial debts | 170/4 | €92,568 | €42,275 | -€50,294 | -54.3% |
| Amounts payable within one year | 42/48 | €176,477 | €58,210 | -€118,266 | -67.0% |
| Current portion of amounts payable after more than one year | 42 | €49,822 | €50,294 | +€472 | +0.9% |
| Financial debts | 43 | €0 | €2,588 | +€2,588 | |
| Credit institutions | 430/8 | €0 | €2,588 | +€2,588 | |
| Trade debts | 44 | €7,390 | €3,605 | -€3,784 | -51.2% |
| Suppliers | 440/4 | €7,390 | €3,605 | -€3,784 | -51.2% |
| Taxes, remuneration and social security | 45 | €1,550 | €1,550 | -€0 | 0.0% |
| Taxes | 450/3 | €1,550 | €1,550 | -€0 | 0.0% |
| Other amounts payable | 47/48 | €117,715 | €173 | -€117,542 | -99.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €343 | €343 | = | 0.0% |
| Other operating charges | 640/8 | €825 | €1,034 | +€209 | +25.3% |
| Gross operating margin | 9900 | €92,430 | €248,833 | +€156,403 | +169% |
| Operating profit (loss) | 9901 | €91,261 | €247,455 | +€156,194 | +171% |
| Financial income | 75/76B | €14,213 | €4,129 | -€10,084 | -71.0% |
| Recurring financial income | 75 | €14,213 | €4,129 | -€10,084 | -71.0% |
| Financial charges | 65/66B | €3,275 | €1,479 | -€1,797 | -54.9% |
| Recurring financial charges | 65 | €3,275 | €1,479 | -€1,797 | -54.9% |
| Profit (loss) for the period before taxes | 9903 | €102,199 | €250,105 | +€147,907 | +145% |
| Income taxes | 67/77 | €22,270 | €59,914 | +€37,644 | +169% |
| Profit (loss) for the period | 9904 | €79,929 | €190,191 | +€110,263 | +138% |
| Profit (loss) for the period to be appropriated | 9905 | €79,929 | €190,191 | +€110,263 | +138% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 April 2025 and 30 April 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.