MDV HOME: 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 HOME
Largest movements
- Receivables within one year +€46,427
up €46,427 (+177%), from €26,299 to €72,725
of which Trade receivables: +€37,114
- Tangible fixed assets -€13,897
down €13,897 (-24.5%), from €56,763 to €42,866
- Cash +€9,174
up €9,174 (+76.4%), from €12,012 to €21,186
mainly Net result for the year (+€38,396) and Depreciation (+€16,557)
- Deferred charges and accrued income +€2,498
new in 2026: €2,498
- Profit (loss) carried forward +€38,396
up €38,396 (+116%), from €33,016 to €71,412
- Trade debts -€21,347
down €21,347 (-98.1%), from €21,765 to €418
- Tax, wage and social debts +€13,654
up €13,654 (+152%), from €8,957 to €22,611
- Current portion of long-term debt +€10,019
up €10,019 (+275%), from €3,645 to €13,663
- Debts after one year +€3,478
up €3,478 (+15.3%), from €22,691 to €26,169
- Turnover +€695,575
new in 2026: €695,575
- Purchases and services +€613,646
new in 2026: €613,646
- Gross operating margin +€21,829
up €21,829 (+33.7%), from €64,810 to €86,640
- Other operating charges +€11,402
up €11,402 (+438%), from €2,602 to €14,004
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.
Derived cash bridge
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 | €95,073 | €139,276 | +€44,202 | +46.5% |
| Fixed assets | 21/28 | €56,763 | €42,866 | -€13,897 | -24.5% |
| Tangible fixed assets | 22/27 | €56,763 | €42,866 | -€13,897 | -24.5% |
| Furniture and vehicles | 24 | €56,763 | €42,866 | -€13,897 | -24.5% |
| Current assets | 29/58 | €38,311 | €96,410 | +€58,099 | +152% |
| Amounts receivable within one year | 40/41 | €26,299 | €72,725 | +€46,427 | +177% |
| Trade receivables | 40 | €902 | €38,017 | +€37,114 | +4,113% |
| Other amounts receivable | 41 | €25,396 | €34,709 | +€9,312 | +36.7% |
| Cash at bank and in hand | 54/58 | €12,012 | €21,186 | +€9,174 | +76.4% |
| Deferred charges and accrued income | 490/1 | - | €2,498 | +€2,498 | |
| Total equity and liabilities | 10/49 | €95,073 | €139,276 | +€44,202 | +46.5% |
| Equity | 10/15 | €38,016 | €76,412 | +€38,396 | +101% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €33,016 | €71,412 | +€38,396 | +116% |
| Amounts payable | 17/49 | €57,057 | €62,863 | +€5,806 | +10.2% |
| Amounts payable after more than one year | 17 | €22,691 | €26,169 | +€3,478 | +15.3% |
| Financial debts | 170/4 | €22,691 | €26,169 | +€3,478 | +15.3% |
| Amounts payable within one year | 42/48 | €34,366 | €36,695 | +€2,328 | +6.8% |
| Current portion of amounts payable after more than one year | 42 | €3,645 | €13,663 | +€10,019 | +275% |
| Financial debts | 43 | - | €3 | +€3 | |
| Credit institutions | 430/8 | - | €3 | +€3 | |
| Trade debts | 44 | €21,765 | €418 | -€21,347 | -98.1% |
| Suppliers | 440/4 | €21,765 | €418 | -€21,347 | -98.1% |
| Taxes, remuneration and social security | 45 | €8,957 | €22,611 | +€13,654 | +152% |
| Taxes | 450/3 | €8,957 | €22,611 | +€13,654 | +152% |
| Turnover | 70 | - | €695,575 | +€695,575 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €613,646 | +€613,646 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,155 | €16,557 | -€598 | -3.5% |
| Other operating charges | 640/8 | €2,602 | €14,004 | +€11,402 | +438% |
| Non-recurring operating charges | 66A | - | €26 | +€26 | |
| Gross operating margin | 9900 | €64,810 | €86,640 | +€21,829 | +33.7% |
| Operating profit (loss) | 9901 | €45,052 | €56,052 | +€11,000 | +24.4% |
| Financial income | 75/76B | €5 | €28 | +€23 | +465% |
| Recurring financial income | 75 | €5 | €28 | +€23 | +465% |
| Financial charges | 65/66B | €3,084 | €4,031 | +€947 | +30.7% |
| Recurring financial charges | 65 | €3,084 | €4,031 | +€947 | +30.7% |
| Profit (loss) for the period before taxes | 9903 | €41,974 | €52,050 | +€10,076 | +24.0% |
| Income taxes | 67/77 | €8,957 | €13,654 | +€4,697 | +52.4% |
| Profit (loss) for the period | 9904 | €33,016 | €38,396 | +€5,380 | +16.3% |
| Profit (loss) for the period to be appropriated | 9905 | €33,016 | €38,396 | +€5,380 | +16.3% |
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 27 October 2026 via checked.be.