M.J.V.C.: 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.J.V.C.
Largest movements
- Tangible fixed assets -€6,372
down €6,372 (-13.1%), from €48,558 to €42,186
of which Land and buildings: -€6,144
- Profit (loss) carried forward -€5,909
down €5,909 (-3.5%), from -€167,689 to -€173,598
- Gross operating margin -€2,041
down €2,041 (-57.4%), from €3,558 to €1,517
- Purchases and services -€1,962
no longer reported in 2025 (was €1,962)
- Depreciation +€251
up €251 (+4.1%), from €6,121 to €6,372
- Financial income +€97
up €97 (+109%), from €89 to €186
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 | €80,352 | €74,444 | -€5,909 | -7.4% |
| Fixed assets | 21/28 | €48,558 | €42,186 | -€6,372 | -13.1% |
| Tangible fixed assets | 22/27 | €48,558 | €42,186 | -€6,372 | -13.1% |
| Land and buildings | 22 | €48,101 | €41,957 | -€6,144 | -12.8% |
| Plant, machinery and equipment | 23 | €457 | €229 | -€229 | -50.0% |
| Current assets | 29/58 | €31,795 | €32,258 | +€463 | +1.5% |
| Cash at bank and in hand | 54/58 | €30,932 | €31,352 | +€420 | +1.4% |
| Deferred charges and accrued income | 490/1 | €863 | €906 | +€43 | +5.0% |
| Total equity and liabilities | 10/49 | €80,352 | €74,444 | -€5,909 | -7.4% |
| Equity | 10/15 | €80,204 | €74,295 | -€5,909 | -7.4% |
| Contributions | 10/11 | €247,894 | €247,894 | = | 0.0% |
| Capital | 10 | €247,894 | €247,894 | = | 0.0% |
| Issued capital | 100 | €247,894 | €247,894 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€167,689 | -€173,598 | -€5,909 | -3.5% |
| Amounts payable | 17/49 | €148 | €148 | = | 0.0% |
| Amounts payable within one year | 42/48 | €148 | €148 | = | 0.0% |
| Other amounts payable | 47/48 | €148 | €148 | = | 0.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €1,962 | - | -€1,962 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,121 | €6,372 | +€251 | +4.1% |
| Other operating charges | 640/8 | €990 | €1,017 | +€27 | +2.7% |
| Gross operating margin | 9900 | €3,558 | €1,517 | -€2,041 | -57.4% |
| Operating profit (loss) | 9901 | -€3,553 | -€5,873 | -€2,320 | -65.3% |
| Financial income | 75/76B | €89 | €186 | +€97 | +109% |
| Recurring financial income | 75 | €89 | €186 | +€97 | +109% |
| Financial charges | 65/66B | €143 | €167 | +€23 | +16.4% |
| Recurring financial charges | 65 | €143 | €167 | +€23 | +16.4% |
| Profit (loss) for the period before taxes | 9903 | -€3,607 | -€5,853 | -€2,246 | -62.3% |
| Income taxes | 67/77 | €27 | €56 | +€29 | +109% |
| Profit (loss) for the period | 9904 | -€3,634 | -€5,909 | -€2,275 | -62.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,634 | -€5,909 | -€2,275 | -62.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.