MDV FINANCES: 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 FINANCES
Largest movements
- Tangible fixed assets +€178,402
up €178,402 (+156602.5%), from €114 to €178,516
- Cash -€34,763
down €34,763 (-41.5%), from €83,723 to €48,960
mainly Investment in fixed assets (net) (-€178,516) and Net result for the year (-€9,802)
- Other debts +€152,965
up €152,965 (+11087.2%), from €1,380 to €154,345
- Profit (loss) carried forward -€9,802
down €9,802 (-17.7%), from €55,529 to €45,728
- Gross operating margin +€2,890
up €2,890 (+23.3%), from -€12,410 to -€9,520
- Depreciation -€342
down €342 (-75.0%), from €456 to €114
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €84,412 | €227,886 | +€143,474 | +170.0% |
| Fixed assets | 21/28 | €114 | €178,516 | +€178,402 | +156602.5% |
| Tangible fixed assets | 22/27 | €114 | €178,516 | +€178,402 | +156602.5% |
| Furniture and vehicles | 24 | €114 | €178,516 | +€178,402 | +156602.5% |
| Current assets | 29/58 | €84,298 | €49,370 | -€34,928 | -41.4% |
| Amounts receivable within one year | 40/41 | €24 | €411 | +€386 | +1590.0% |
| Other amounts receivable | 41 | €24 | €411 | +€386 | +1590.0% |
| Cash at bank and in hand | 54/58 | €83,723 | €48,960 | -€34,763 | -41.5% |
| Deferred charges and accrued income | 490/1 | €551 | - | -€551 | |
| Total equity and liabilities | 10/49 | €84,412 | €227,886 | +€143,474 | +170.0% |
| Equity | 10/15 | €83,029 | €73,228 | -€9,802 | -11.8% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €2,500 | €2,500 | = | 0.0% |
| Distributable reserves | 133 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €55,529 | €45,728 | -€9,802 | -17.7% |
| Amounts payable | 17/49 | €1,383 | €154,658 | +€153,276 | +11085.6% |
| Amounts payable within one year | 42/48 | €1,383 | €154,658 | +€153,276 | +11085.6% |
| Trade debts | 44 | €3 | €314 | +€311 | +10388.3% |
| Suppliers | 440/4 | €3 | €314 | +€311 | +10388.3% |
| Other amounts payable | 47/48 | €1,380 | €154,345 | +€152,965 | +11087.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €456 | €114 | -€342 | -75.0% |
| Other operating charges | 640/8 | €69 | €72 | +€2 | +3.2% |
| Gross operating margin | 9900 | -€12,410 | -€9,520 | +€2,890 | +23.3% |
| Operating profit (loss) | 9901 | -€12,935 | -€9,705 | +€3,230 | +25.0% |
| Financial charges | 65/66B | €72 | €72 | = | 0.0% |
| Recurring financial charges | 65 | €72 | €72 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€13,007 | -€9,777 | +€3,230 | +24.8% |
| Income taxes | 67/77 | - | €24 | +€24 | |
| Profit (loss) for the period | 9904 | -€13,007 | -€9,802 | +€3,206 | +24.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,007 | -€9,802 | +€3,206 | +24.6% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.