M.V.G. Tech: 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.V.G. Tech
Largest movements
- Cash +€5,790
up €5,790 (+32.5%), from €17,836 to €23,626
mainly Receivables within one year (+€5,433) and Other debts (+€1,777)
- Receivables within one year -€5,433
down €5,433 (-32.0%), from €16,956 to €11,523
of which Trade receivables: -€3,056
- Tangible fixed assets -€471
down €471 (-35.5%), from €1,326 to €855
of which Furniture and vehicles: -€386
- Tax, wage and social debts -€1,786
down €1,786 (-54.6%), from €3,273 to €1,487
- Other debts +€1,777
up €1,777, from €0 to €1,777
- Profit (loss) carried forward +€595
up €595 (+3.8%), from €15,609 to €16,204
- Gross operating margin -€839
down €839 (-30.4%), from €2,760 to €1,922
- Depreciation -€49
down €49 (-9.4%), from €520 to €471
- Financial charges -€30
down €30 (-16.7%), from €180 to €150
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 | €39,015 | €38,955 | -€60 | -0.2% |
| Fixed assets | 21/28 | €1,326 | €855 | -€471 | -35.5% |
| Tangible fixed assets | 22/27 | €1,326 | €855 | -€471 | -35.5% |
| Plant, machinery and equipment | 23 | €335 | €250 | -€85 | -25.3% |
| Furniture and vehicles | 24 | €991 | €605 | -€386 | -39.0% |
| Current assets | 29/58 | €37,689 | €38,100 | +€411 | +1.1% |
| Amounts receivable within one year | 40/41 | €16,956 | €11,523 | -€5,433 | -32.0% |
| Trade receivables | 40 | €14,579 | €11,523 | -€3,056 | -21.0% |
| Other amounts receivable | 41 | €2,376 | €0 | -€2,376 | -100% |
| Cash at bank and in hand | 54/58 | €17,836 | €23,626 | +€5,790 | +32.5% |
| Deferred charges and accrued income | 490/1 | €2,897 | €2,951 | +€54 | +1.9% |
| Total equity and liabilities | 10/49 | €39,015 | €38,955 | -€60 | -0.2% |
| Equity | 10/15 | €34,769 | €35,364 | +€595 | +1.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €560 | €560 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €560 | €560 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,609 | €16,204 | +€595 | +3.8% |
| Amounts payable | 17/49 | €4,245 | €3,591 | -€654 | -15.4% |
| Amounts payable within one year | 42/48 | €3,895 | €3,591 | -€304 | -7.8% |
| Trade debts | 44 | €622 | €327 | -€295 | -47.4% |
| Suppliers | 440/4 | €622 | €327 | -€295 | -47.4% |
| Taxes, remuneration and social security | 45 | €3,273 | €1,487 | -€1,786 | -54.6% |
| Taxes | 450/3 | €3,273 | €1,487 | -€1,786 | -54.6% |
| Other amounts payable | 47/48 | €0 | €1,777 | +€1,777 | |
| Accrued charges and deferred income | 492/3 | €350 | €0 | -€350 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €520 | €471 | -€49 | -9.4% |
| Other operating charges | 640/8 | €686 | €706 | +€20 | +2.9% |
| Gross operating margin | 9900 | €2,760 | €1,922 | -€839 | -30.4% |
| Operating profit (loss) | 9901 | €1,554 | €744 | -€809 | -52.1% |
| Financial income | 75/76B | €1 | €0 | -€1 | -91.8% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -91.8% |
| Financial charges | 65/66B | €180 | €150 | -€30 | -16.7% |
| Recurring financial charges | 65 | €180 | €150 | -€30 | -16.7% |
| Profit (loss) for the period before taxes | 9903 | €1,375 | €595 | -€780 | -56.7% |
| Profit (loss) for the period | 9904 | €1,375 | €595 | -€780 | -56.7% |
| Profit (loss) for the period to be appropriated | 9905 | €1,375 | €595 | -€780 | -56.7% |
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 19 October 2026 via checked.be.