M.C.V. Services: 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.
M.C.V. Services
Largest movements
- Receivables within one year +€110,407
up €110,407 (+55.0%), from €200,638 to €311,045
of which Other amounts receivable: +€97,044
- Cash -€93,204
down €93,204 (-26.4%), from €353,352 to €260,148
mainly Receivables within one year (-€110,407) and Other debts (-€62,924)
- Receivables after one year -€50,000
no longer reported in 2025 (was €50,000)
- Tangible fixed assets +€19,310
up €19,310 (+46.9%), from €41,189 to €60,499
of which Furniture and vehicles: +€20,254
- Other debts -€62,924
down €62,924 (-88.2%), from €71,360 to €8,436
- Profit (loss) carried forward +€42,843
up €42,843 (+18.2%), from €234,775 to €277,618
- Tax, wage and social debts -€27,462
down €27,462 (-95.4%), from €28,800 to €1,339
of which Taxes: -€27,462
- Current portion of long-term debt +€19,571
up €19,571 (+56.9%), from €34,407 to €53,978
- Trade debts +€12,321
up €12,321 (+116%), from €10,596 to €22,917
- Gross operating margin -€147,366
down €147,366 (-37.0%), from €398,115 to €250,749
- Taxes -€27,156
down €27,156 (-57.9%), from €46,927 to €19,771
- Write-downs -€8,499
no longer reported in 2025 (was €8,499)
- Staff costs +€7,742
up €7,742 (+4.6%), from €167,048 to €174,791
- Other operating charges -€6,526
down €6,526 (-73.4%), from €8,889 to €2,363
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 | €676,240 | €662,783 | -€13,457 | -2.0% |
| Fixed assets | 21/28 | €44,863 | €64,174 | +€19,310 | +43.0% |
| Tangible fixed assets | 22/27 | €41,189 | €60,499 | +€19,310 | +46.9% |
| Plant, machinery and equipment | 23 | €2,528 | €1,585 | -€944 | -37.3% |
| Furniture and vehicles | 24 | €38,660 | €58,914 | +€20,254 | +52.4% |
| Financial fixed assets | 28 | €3,675 | €3,675 | = | 0.0% |
| Current assets | 29/58 | €631,377 | €598,610 | -€32,767 | -5.2% |
| Amounts receivable after more than one year | 29 | €50,000 | - | -€50,000 | |
| Other amounts receivable | 291 | €50,000 | - | -€50,000 | |
| Stocks and contracts in progress | 3 | €17,432 | €15,856 | -€1,577 | -9.0% |
| Stocks | 30/36 | €17,432 | €15,856 | -€1,577 | -9.0% |
| Amounts receivable within one year | 40/41 | €200,638 | €311,045 | +€110,407 | +55.0% |
| Trade receivables | 40 | €113,346 | €126,709 | +€13,363 | +11.8% |
| Other amounts receivable | 41 | €87,292 | €184,336 | +€97,044 | +111% |
| Cash at bank and in hand | 54/58 | €353,352 | €260,148 | -€93,204 | -26.4% |
| Deferred charges and accrued income | 490/1 | €9,955 | €11,561 | +€1,606 | +16.1% |
| Total equity and liabilities | 10/49 | €676,240 | €662,783 | -€13,457 | -2.0% |
| Equity | 10/15 | €531,072 | €573,915 | +€42,843 | +8.1% |
| Contributions | 10/11 | €62,389 | €62,389 | = | 0.0% |
| Revaluation surpluses | 12 | €38,510 | €38,510 | = | 0.0% |
| Reserves | 13 | €195,398 | €195,398 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,239 | €6,239 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,239 | €6,239 | = | 0.0% |
| Tax-exempt reserves | 132 | €9,160 | €9,160 | = | 0.0% |
| Distributable reserves | 133 | €180,000 | €180,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €234,775 | €277,618 | +€42,843 | +18.2% |
| Amounts payable | 17/49 | €145,168 | €88,869 | -€56,299 | -38.8% |
| Amounts payable within one year | 42/48 | €145,162 | €86,669 | -€58,494 | -40.3% |
| Current portion of amounts payable after more than one year | 42 | €34,407 | €53,978 | +€19,571 | +56.9% |
| Trade debts | 44 | €10,596 | €22,917 | +€12,321 | +116% |
| Suppliers | 440/4 | €10,596 | €22,917 | +€12,321 | +116% |
| Taxes, remuneration and social security | 45 | €28,800 | €1,339 | -€27,462 | -95.4% |
| Taxes | 450/3 | €27,471 | €10 | -€27,462 | -100.0% |
| Remuneration and social security | 454/9 | €1,329 | €1,329 | = | 0.0% |
| Other amounts payable | 47/48 | €71,360 | €8,436 | -€62,924 | -88.2% |
| Accrued charges and deferred income | 492/3 | €6 | €2,200 | +€2,194 | +38,564% |
| Remuneration, social security and pensions | 62 | €167,048 | €174,791 | +€7,742 | +4.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,650 | €17,061 | +€4,410 | +34.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €8,499 | - | -€8,499 | |
| Other operating charges | 640/8 | €8,889 | €2,363 | -€6,526 | -73.4% |
| Gross operating margin | 9900 | €398,115 | €250,749 | -€147,366 | -37.0% |
| Operating profit (loss) | 9901 | €201,028 | €56,535 | -€144,493 | -71.9% |
| Financial income | 75/76B | €10,091 | €7,512 | -€2,579 | -25.6% |
| Recurring financial income | 75 | €10,091 | €7,512 | -€2,579 | -25.6% |
| Financial charges | 65/66B | €1,283 | €1,434 | +€151 | +11.7% |
| Recurring financial charges | 65 | €1,283 | €1,434 | +€151 | +11.7% |
| Profit (loss) for the period before taxes | 9903 | €209,836 | €62,613 | -€147,223 | -70.2% |
| Income taxes | 67/77 | €46,927 | €19,771 | -€27,156 | -57.9% |
| Profit (loss) for the period | 9904 | €162,910 | €42,843 | -€120,067 | -73.7% |
| Profit (loss) for the period to be appropriated | 9905 | €162,910 | €42,843 | -€120,067 | -73.7% |
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 21 October 2026 via checked.be.