MDV MEDECINE: 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 MEDECINE
Largest movements
- Tangible fixed assets -€12,988
down €12,988 (-22.3%), from €58,263 to €45,275
of which Furniture and vehicles: -€11,892
- Receivables within one year -€4,637
down €4,637 (-9.9%), from €46,943 to €42,306
of which Other amounts receivable: -€9,759
- Reserves +€56,492
up €56,492 (+95.6%), from €59,086 to €115,577
of which Distributable reserves: +€65,792
- Other debts -€52,115
down €52,115 (-56.5%), from €92,261 to €40,146
- Debts after one year -€14,946
down €14,946 (-37.6%), from €39,719 to €24,773
- Tax, wage and social debts -€11,526
down €11,526 (-61.7%), from €18,675 to €7,149
- Trade debts +€3,906
up €3,906 (+2,076%), from €188 to €4,094
- Provisions +€24,847
no longer reported in 2025 (was -€24,847)
- Taxes -€12,110
down €12,110 (-27.9%), from €43,338 to €31,228
- Gross operating margin -€8,471
down €8,471 (-6.8%), from €123,761 to €115,291
- Other operating charges +€8,071
new in 2025: €8,071
- Depreciation +€7,382
up €7,382 (+112%), from €6,581 to €13,963
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 | €321,566 | €302,417 | -€19,149 | -6.0% |
| Fixed assets | 21/28 | €58,263 | €45,275 | -€12,988 | -22.3% |
| Tangible fixed assets | 22/27 | €58,263 | €45,275 | -€12,988 | -22.3% |
| Plant, machinery and equipment | 23 | €3,837 | €2,741 | -€1,096 | -28.6% |
| Furniture and vehicles | 24 | €54,426 | €42,534 | -€11,892 | -21.9% |
| Current assets | 29/58 | €263,303 | €257,142 | -€6,160 | -2.3% |
| Amounts receivable within one year | 40/41 | €46,943 | €42,306 | -€4,637 | -9.9% |
| Trade receivables | 40 | €12,006 | €17,128 | +€5,122 | +42.7% |
| Other amounts receivable | 41 | €34,937 | €25,178 | -€9,759 | -27.9% |
| Current investments | 50/53 | €150,000 | €150,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €63,666 | €62,733 | -€933 | -1.5% |
| Deferred charges and accrued income | 490/1 | €2,694 | €2,104 | -€590 | -21.9% |
| Total equity and liabilities | 10/49 | €321,566 | €302,417 | -€19,149 | -6.0% |
| Equity | 10/15 | €152,086 | €208,577 | +€56,492 | +37.1% |
| Contributions | 10/11 | €93,000 | €93,000 | = | 0.0% |
| Reserves | 13 | €59,086 | €115,577 | +€56,492 | +95.6% |
| Non-distributable reserves | 130/1 | €9,300 | - | -€9,300 | |
| Reserves not available under the articles | 1311 | €9,300 | - | -€9,300 | |
| Distributable reserves | 133 | €49,786 | €115,577 | +€65,792 | +132% |
| Amounts payable | 17/49 | €169,480 | €93,840 | -€75,640 | -44.6% |
| Amounts payable after more than one year | 17 | €39,719 | €24,773 | -€14,946 | -37.6% |
| Financial debts | 170/4 | €39,719 | €24,773 | -€14,946 | -37.6% |
| Amounts payable within one year | 42/48 | €125,550 | €66,335 | -€59,215 | -47.2% |
| Current portion of amounts payable after more than one year | 42 | €14,425 | €14,946 | +€520 | +3.6% |
| Trade debts | 44 | €188 | €4,094 | +€3,906 | +2,076% |
| Suppliers | 440/4 | €188 | €4,094 | +€3,906 | +2,076% |
| Taxes, remuneration and social security | 45 | €18,675 | €7,149 | -€11,526 | -61.7% |
| Taxes | 450/3 | €18,675 | €7,149 | -€11,526 | -61.7% |
| Other amounts payable | 47/48 | €92,261 | €40,146 | -€52,115 | -56.5% |
| Accrued charges and deferred income | 492/3 | €4,211 | €2,731 | -€1,480 | -35.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,581 | €13,963 | +€7,382 | +112% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€24,847 | - | +€24,847 | |
| Other operating charges | 640/8 | - | €8,071 | +€8,071 | |
| Gross operating margin | 9900 | €123,761 | €115,291 | -€8,471 | -6.8% |
| Operating profit (loss) | 9901 | €142,028 | €93,257 | -€48,771 | -34.3% |
| Financial income | 75/76B | €3,950 | €1,114 | -€2,835 | -71.8% |
| Recurring financial income | 75 | €3,950 | €1,114 | -€2,835 | -71.8% |
| Financial charges | 65/66B | €5,414 | €6,651 | +€1,238 | +22.9% |
| Recurring financial charges | 65 | €5,414 | €6,651 | +€1,238 | +22.9% |
| Profit (loss) for the period before taxes | 9903 | €140,564 | €87,720 | -€52,844 | -37.6% |
| Income taxes | 67/77 | €43,338 | €31,228 | -€12,110 | -27.9% |
| Profit (loss) for the period | 9904 | €97,226 | €56,492 | -€40,734 | -41.9% |
| Profit (loss) for the period to be appropriated | 9905 | €97,226 | €56,492 | -€40,734 | -41.9% |
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 29 October 2026 via checked.be.