MDV-SOLVE: what changed
Two fiscal 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-SOLVE
Largest movements
- Receivables within one year +€30,072
up €30,072 (+267.1%), from €11,261 to €41,333
of which Other amounts receivable: +€26,657
- Cash -€27,785
down €27,785 (-70.7%), from €39,308 to €11,523
mainly Receivables within one year (-€30,072) and Investment in fixed assets (net) (-€8,851)
- Tangible fixed assets -€20,509
down €20,509 (-91.8%), from €22,335 to €1,826
- Intangible fixed assets +€9,463
up €9,463 (+33.1%), from €28,552 to €38,015
- Other debts -€7,311
no longer reported in 2025 (was €7,311)
- Debts after one year -€6,358
down €6,358 (-40.0%), from €15,895 to €9,537
- Tax, wage and social debts +€4,426
up €4,426 (+59.0%), from €7,497 to €11,923
- Trade debts +€1,310
up €1,310 (+570.3%), from €230 to €1,539
- Profit (loss) carried forward -€1,083
down €1,083 (-119.3%), from -€908 to -€1,991
- Gross operating margin -€22,566
down €22,566 (-51.0%), from €44,246 to €21,681
- Financial income +€15,176
up €15,176 (+25013.4%), from €61 to €15,236
- Financial charges +€5,386
up €5,386 (+81.2%), from €6,637 to €12,023
of which Non-recurring financial charges: +€5,953
- Depreciation +€5,269
up €5,269 (+36.0%), from €14,627 to €19,896
- Staff costs -€2,177
down €2,177 (-26.5%), from €8,229 to €6,052
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.
Cash bridge derived
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 | €107,990 | €98,973 | -€9,017 | -8.3% |
| Fixed assets | 21/28 | €56,887 | €45,841 | -€11,046 | -19.4% |
| Intangible fixed assets | 21 | €28,552 | €38,015 | +€9,463 | +33.1% |
| Tangible fixed assets | 22/27 | €22,335 | €1,826 | -€20,509 | -91.8% |
| Furniture and vehicles | 24 | €22,335 | €1,826 | -€20,509 | -91.8% |
| Financial fixed assets | 28 | €6,000 | €6,000 | = | 0.0% |
| Current assets | 29/58 | €51,102 | €53,132 | +€2,029 | +4.0% |
| Amounts receivable within one year | 40/41 | €11,261 | €41,333 | +€30,072 | +267.1% |
| Trade receivables | 40 | €9,841 | €13,256 | +€3,414 | +34.7% |
| Other amounts receivable | 41 | €1,420 | €28,077 | +€26,657 | +1877.8% |
| Cash at bank and in hand | 54/58 | €39,308 | €11,523 | -€27,785 | -70.7% |
| Deferred charges and accrued income | 490/1 | €534 | €276 | -€258 | -48.3% |
| Total equity and liabilities | 10/49 | €107,990 | €98,973 | -€9,017 | -8.3% |
| Equity | 10/15 | €70,699 | €69,615 | -€1,083 | -1.5% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Reserves | 13 | €68,106 | €68,106 | = | 0.0% |
| Distributable reserves | 133 | €68,106 | €68,106 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€908 | -€1,991 | -€1,083 | -119.3% |
| Amounts payable | 17/49 | €37,291 | €29,358 | -€7,934 | -21.3% |
| Amounts payable after more than one year | 17 | €15,895 | €9,537 | -€6,358 | -40.0% |
| Financial debts | 170/4 | €15,895 | €9,537 | -€6,358 | -40.0% |
| Amounts payable within one year | 42/48 | €21,396 | €19,820 | -€1,576 | -7.4% |
| Current portion of amounts payable after more than one year | 42 | €6,358 | €6,358 | = | 0.0% |
| Trade debts | 44 | €230 | €1,539 | +€1,310 | +570.3% |
| Suppliers | 440/4 | €230 | €1,539 | +€1,310 | +570.3% |
| Taxes, remuneration and social security | 45 | €7,497 | €11,923 | +€4,426 | +59.0% |
| Taxes | 450/3 | €7,497 | €11,923 | +€4,426 | +59.0% |
| Other amounts payable | 47/48 | €7,311 | - | -€7,311 | |
| Remuneration, social security and pensions | 62 | €8,229 | €6,052 | -€2,177 | -26.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,627 | €19,896 | +€5,269 | +36.0% |
| Other operating charges | 640/8 | €228 | €172 | -€55 | -24.2% |
| Gross operating margin | 9900 | €44,246 | €21,681 | -€22,566 | -51.0% |
| Operating profit (loss) | 9901 | €21,162 | -€4,441 | -€25,603 | |
| Financial income | 75/76B | €61 | €15,236 | +€15,176 | +25013.4% |
| Recurring financial income | 75 | €61 | €15,236 | +€15,176 | +25013.4% |
| Financial charges | 65/66B | €6,637 | €12,023 | +€5,386 | +81.2% |
| Recurring financial charges | 65 | €1,115 | €547 | -€568 | -50.9% |
| Non-recurring financial charges | 66B | €5,522 | €11,475 | +€5,953 | +107.8% |
| Profit (loss) for the period before taxes | 9903 | €14,586 | -€1,227 | -€15,813 | |
| Income taxes | 67/77 | - | -€144 | -€144 | |
| Profit (loss) for the period | 9904 | €14,586 | -€1,083 | -€15,669 | |
| Profit (loss) for the period to be appropriated | 9905 | €14,586 | -€1,083 | -€15,669 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.