MDVS DECO: 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.
MDVS DECO
Largest movements
- Cash -€174,735
down €174,735 (-97.5%), from €179,129 to €4,394
mainly Investment in fixed assets (net) (-€148,740) and Other debts (-€51,440)
- Financial fixed assets +€148,740
up €148,740 (+35.0%), from €425,450 to €574,190
- Receivables within one year +€13,545
up €13,545 (+172.2%), from €7,865 to €21,410
- Reserves +€96,321
up €96,321 (+40.3%), from €238,880 to €335,201
- Other debts -€51,440
no longer reported in 2025 (was €51,440)
- Debts after one year -€45,342
down €45,342 (-22.0%), from €206,039 to €160,697
of which Financial debts: -€45,342
- Tax, wage and social debts -€12,356
down €12,356 (-63.8%), from €19,357 to €7,000
- Financial income -€26,116
down €26,116 (-37.9%), from €68,966 to €42,850
of which Financial income: -€25,710
- Staff costs +€823
no longer reported in 2025 (was -€823)
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 | €612,627 | €600,190 | -€12,437 | -2.0% |
| Fixed assets | 21/28 | €425,450 | €574,190 | +€148,740 | +35.0% |
| Financial fixed assets | 28 | €425,450 | €574,190 | +€148,740 | +35.0% |
| Current assets | 29/58 | €187,177 | €26,000 | -€161,177 | -86.1% |
| Amounts receivable within one year | 40/41 | €7,865 | €21,410 | +€13,545 | +172.2% |
| Trade receivables | 40 | €7,865 | €21,410 | +€13,545 | +172.2% |
| Cash at bank and in hand | 54/58 | €179,129 | €4,394 | -€174,735 | -97.5% |
| Deferred charges and accrued income | 490/1 | €183 | €196 | +€13 | +7.1% |
| Total equity and liabilities | 10/49 | €612,627 | €600,190 | -€12,437 | -2.0% |
| Equity | 10/15 | €288,880 | €385,201 | +€96,321 | +33.3% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €238,880 | €335,201 | +€96,321 | +40.3% |
| Distributable reserves | 133 | €238,880 | €335,201 | +€96,321 | +40.3% |
| Amounts payable | 17/49 | €323,747 | €214,989 | -€108,758 | -33.6% |
| Amounts payable after more than one year | 17 | €206,039 | €160,697 | -€45,342 | -22.0% |
| Financial debts | 170/4 | €141,039 | €95,697 | -€45,342 | -32.1% |
| Other amounts payable | 178/9 | €65,000 | €65,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €115,759 | €52,342 | -€63,416 | -54.8% |
| Current portion of amounts payable after more than one year | 42 | €44,962 | €45,342 | +€380 | +0.8% |
| Taxes, remuneration and social security | 45 | €19,357 | €7,000 | -€12,356 | -63.8% |
| Taxes | 450/3 | €19,357 | €7,000 | -€12,356 | -63.8% |
| Other amounts payable | 47/48 | €51,440 | - | -€51,440 | |
| Accrued charges and deferred income | 492/3 | €1,950 | €1,950 | = | 0.0% |
| Remuneration, social security and pensions | 62 | -€823 | - | +€823 | |
| Other operating charges | 640/8 | €396 | €387 | -€9 | -2.3% |
| Gross operating margin | 9900 | €75,264 | €75,416 | +€152 | +0.2% |
| Operating profit (loss) | 9901 | €75,690 | €75,029 | -€661 | -0.9% |
| Financial income | 75/76B | €68,966 | €42,850 | -€26,116 | -37.9% |
| Recurring financial income | 75 | €68,560 | €42,850 | -€25,710 | -37.5% |
| Non-recurring financial income | 76B | €406 | - | -€406 | |
| Financial charges | 65/66B | €3,967 | €3,590 | -€377 | -9.5% |
| Recurring financial charges | 65 | €3,967 | €3,590 | -€377 | -9.5% |
| Profit (loss) for the period before taxes | 9903 | €140,689 | €114,288 | -€26,401 | -18.8% |
| Income taxes | 67/77 | €18,032 | €17,967 | -€65 | -0.4% |
| Profit (loss) for the period | 9904 | €122,657 | €96,321 | -€26,336 | -21.5% |
| Profit (loss) for the period to be appropriated | 9905 | €122,657 | €96,321 | -€26,336 | -21.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.