M.P.V.: 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.P.V.
Largest movements
- Tangible fixed assets -€1,845
down €1,845 (-73.4%), from €2,512 to €667
- Receivables within one year +€848
up €848 (+1.4%), from €61,547 to €62,395
of which Other amounts receivable: +€848
- Cash -€809
no longer reported in 2025 (was €809)
mainly Net result for the year (-€9,887) and Trade debts (-€1,125)
- Profit (loss) carried forward -€7,887
down €7,887 (-31.7%), from -€24,918 to -€32,805
- Other debts +€7,552
up €7,552 (+10.1%), from €75,007 to €82,559
- Trade debts -€1,125
down €1,125 (-50.1%), from €2,244 to €1,119
of which Bills of exchange payable: -€660
- Taxes +€2,000
new in 2025: €2,000
- Gross operating margin +€1,955
up €1,955 (+29.9%), from -€6,533 to -€4,578
- Financial charges +€254
up €254 (+37.2%), from €683 to €937
- Depreciation -€133
down €133 (-6.7%), from €1,978 to €1,845
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 | €64,868 | €63,062 | -€1,806 | -2.8% |
| Fixed assets | 21/28 | €2,512 | €667 | -€1,845 | -73.4% |
| Tangible fixed assets | 22/27 | €2,512 | €667 | -€1,845 | -73.4% |
| Furniture and vehicles | 24 | €2,512 | €667 | -€1,845 | -73.4% |
| Current assets | 29/58 | €62,356 | €62,395 | +€39 | +0.1% |
| Amounts receivable within one year | 40/41 | €61,547 | €62,395 | +€848 | +1.4% |
| Trade receivables | 40 | €54,921 | €54,921 | = | 0.0% |
| Other amounts receivable | 41 | €6,626 | €7,474 | +€848 | +12.8% |
| Cash at bank and in hand | 54/58 | €809 | - | -€809 | |
| Total equity and liabilities | 10/49 | €64,868 | €63,062 | -€1,806 | -2.8% |
| Equity | 10/15 | -€14,383 | -€22,270 | -€7,887 | -54.8% |
| Contributions | 10/11 | €8,676 | €8,676 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€24,918 | -€32,805 | -€7,887 | -31.7% |
| Amounts payable | 17/49 | €79,251 | €85,332 | +€6,081 | +7.7% |
| Amounts payable within one year | 42/48 | €79,251 | €85,332 | +€6,081 | +7.7% |
| Current portion of amounts payable after more than one year | 42 | €2,000 | €1,654 | -€346 | -17.3% |
| Trade debts | 44 | €2,244 | €1,119 | -€1,125 | -50.1% |
| Suppliers | 440/4 | €1,584 | €1,119 | -€465 | -29.4% |
| Bills of exchange payable | 441 | €660 | - | -€660 | |
| Other amounts payable | 47/48 | €75,007 | €82,559 | +€7,552 | +10.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,978 | €1,845 | -€133 | -6.7% |
| Other operating charges | 640/8 | €524 | €527 | +€3 | +0.6% |
| Gross operating margin | 9900 | -€6,533 | -€4,578 | +€1,955 | +29.9% |
| Operating profit (loss) | 9901 | -€9,035 | -€6,950 | +€2,085 | +23.1% |
| Financial charges | 65/66B | €683 | €937 | +€254 | +37.2% |
| Recurring financial charges | 65 | €683 | €937 | +€254 | +37.2% |
| Profit (loss) for the period before taxes | 9903 | -€9,718 | -€7,887 | +€1,831 | +18.8% |
| Income taxes | 67/77 | - | €2,000 | +€2,000 | |
| Profit (loss) for the period | 9904 | -€9,718 | -€9,887 | -€169 | -1.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,718 | -€9,887 | -€169 | -1.7% |
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 12 October 2026 via checked.be.