GROUPE MVA: 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.
GROUPE MVA
Largest movements
- Receivables within one year +€49,727
up €49,727 (+4,002%), from €1,242 to €50,970
of which Other amounts receivable: +€48,485
- Tangible fixed assets -€27,568
down €27,568 (-4.2%), from €663,574 to €636,006
of which Land and buildings: -€27,309
- Deferred charges and accrued income -€11,278
down €11,278 (-40.7%), from €27,710 to €16,432
- Current portion of long-term debt +€100,518
up €100,518 (+432%), from €23,257 to €123,774
- Profit (loss) carried forward -€33,448
down €33,448 (-388%), from -€8,619 to -€42,066
- Other debts -€33,354
no longer reported in 2025 (was €33,354)
- Debts after one year -€23,774
down €23,774 (-7.9%), from €301,279 to €277,505
of which Financial debts: -€23,774
- Gross operating margin -€27,375
down €27,375 (-88.3%), from €31,013 to €3,638
- Other operating charges +€869
up €869 (+67.1%), from €1,296 to €2,166
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 | €699,234 | €711,631 | +€12,396 | +1.8% |
| Fixed assets | 21/28 | €663,574 | €636,006 | -€27,568 | -4.2% |
| Tangible fixed assets | 22/27 | €663,574 | €636,006 | -€27,568 | -4.2% |
| Land and buildings | 22 | €661,691 | €634,382 | -€27,309 | -4.1% |
| Furniture and vehicles | 24 | €1,883 | €1,624 | -€259 | -13.7% |
| Current assets | 29/58 | €35,661 | €75,625 | +€39,964 | +112% |
| Amounts receivable within one year | 40/41 | €1,242 | €50,970 | +€49,727 | +4,002% |
| Trade receivables | 40 | €1,242 | €2,485 | +€1,242 | +100% |
| Other amounts receivable | 41 | - | €48,485 | +€48,485 | |
| Cash at bank and in hand | 54/58 | €6,708 | €8,223 | +€1,514 | +22.6% |
| Deferred charges and accrued income | 490/1 | €27,710 | €16,432 | -€11,278 | -40.7% |
| Total equity and liabilities | 10/49 | €699,234 | €711,631 | +€12,396 | +1.8% |
| Equity | 10/15 | €341,109 | €307,661 | -€33,448 | -9.8% |
| Contributions | 10/11 | €70,000 | €70,000 | = | 0.0% |
| Capital | 10 | €70,000 | €70,000 | = | 0.0% |
| Issued capital | 100 | €70,000 | €70,000 | = | 0.0% |
| Revaluation surpluses | 12 | €279,527 | €279,527 | = | 0.0% |
| Reserves | 13 | €200 | €200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €200 | €200 | = | 0.0% |
| Legal reserve | 130 | €200 | €200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,619 | -€42,066 | -€33,448 | -388% |
| Amounts payable | 17/49 | €358,126 | €403,970 | +€45,844 | +12.8% |
| Amounts payable after more than one year | 17 | €301,279 | €277,505 | -€23,774 | -7.9% |
| Financial debts | 170/4 | €289,479 | €265,705 | -€23,774 | -8.2% |
| Other amounts payable | 178/9 | €11,800 | €11,800 | = | 0.0% |
| Amounts payable within one year | 42/48 | €56,847 | €126,465 | +€69,618 | +122% |
| Current portion of amounts payable after more than one year | 42 | €23,257 | €123,774 | +€100,518 | +432% |
| Trade debts | 44 | €237 | €2,691 | +€2,454 | +1,035% |
| Suppliers | 440/4 | €237 | €2,691 | +€2,454 | +1,035% |
| Other amounts payable | 47/48 | €33,354 | - | -€33,354 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,568 | €27,568 | = | 0.0% |
| Other operating charges | 640/8 | €1,296 | €2,166 | +€869 | +67.1% |
| Non-recurring operating charges | 66A | €4,150 | - | -€4,150 | |
| Gross operating margin | 9900 | €31,013 | €3,638 | -€27,375 | -88.3% |
| Operating profit (loss) | 9901 | -€2,001 | -€26,095 | -€24,094 | -1,204% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €7,638 | €7,352 | -€286 | -3.7% |
| Recurring financial charges | 65 | €7,638 | €7,352 | -€286 | -3.7% |
| Profit (loss) for the period before taxes | 9903 | -€9,639 | -€33,448 | -€23,808 | -247% |
| Profit (loss) for the period | 9904 | -€9,639 | -€33,448 | -€23,808 | -247% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,639 | -€33,448 | -€23,808 | -247% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.