M.V. lec: 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. lec
Largest movements
- Receivables within one year -€23,983
down €23,983 (-76.9%), from €31,205 to €7,222
of which Other amounts receivable: -€25,653
- Tangible fixed assets -€8,952
down €8,952 (-15.8%), from €56,534 to €47,582
of which Furniture and vehicles: -€5,310
- Cash -€5,975
down €5,975 (-2.8%), from €214,691 to €208,716
mainly Other debts (-€18,851) and Net result for the year (-€9,966)
- Other debts -€18,851
down €18,851 (-40.7%), from €46,267 to €27,416
- Profit (loss) carried forward -€9,966
down €9,966, from €7,588 to -€2,378
- Current portion of long-term debt -€5,469
down €5,469 (-83.0%), from €6,591 to €1,122
- Turnover -€139,432
no longer reported in 2025 (was €139,432)
- Purchases and services -€127,346
no longer reported in 2025 (was €127,346)
- Staff costs +€21,362
new in 2025: €21,362
- Gross operating margin +€10,229
up €10,229 (+84.6%), from €12,086 to €22,315
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 | €310,068 | €272,543 | -€37,525 | -12.1% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €56,534 | €47,582 | -€8,952 | -15.8% |
| Tangible fixed assets | 22/27 | €56,534 | €47,582 | -€8,952 | -15.8% |
| Land and buildings | 22 | €36,009 | €32,631 | -€3,378 | -9.4% |
| Plant, machinery and equipment | 23 | €581 | €317 | -€264 | -45.5% |
| Furniture and vehicles | 24 | €19,944 | €14,634 | -€5,310 | -26.6% |
| Other tangible fixed assets | 26 | - | €0 | = | |
| Current assets | 29/58 | €253,534 | €224,961 | -€28,573 | -11.3% |
| Stocks and contracts in progress | 3 | €3,830 | €6,220 | +€2,390 | +62.4% |
| Stocks | 30/36 | €3,830 | €6,220 | +€2,390 | +62.4% |
| Amounts receivable within one year | 40/41 | €31,205 | €7,222 | -€23,983 | -76.9% |
| Trade receivables | 40 | €4,248 | €5,918 | +€1,670 | +39.3% |
| Other amounts receivable | 41 | €26,957 | €1,304 | -€25,653 | -95.2% |
| Cash at bank and in hand | 54/58 | €214,691 | €208,716 | -€5,975 | -2.8% |
| Deferred charges and accrued income | 490/1 | €3,808 | €2,803 | -€1,005 | -26.4% |
| Total equity and liabilities | 10/49 | €310,068 | €272,543 | -€37,525 | -12.1% |
| Equity | 10/15 | €141,854 | €131,889 | -€9,965 | -7.0% |
| Contributions | 10/11 | €7,440 | €7,440 | = | 0.0% |
| Reserves | 13 | €126,826 | €126,826 | +€0 | 0.0% |
| Non-distributable reserves | 130/1 | €11,400 | €11,400 | = | 0.0% |
| Reserves not available under the articles | 1311 | €11,400 | €11,400 | = | 0.0% |
| Distributable reserves | 133 | €115,426 | €115,426 | +€0 | 0.0% |
| Profit (loss) carried forward | 14 | €7,588 | -€2,378 | -€9,966 | |
| Amounts payable | 17/49 | €168,214 | €140,654 | -€27,560 | -16.4% |
| Amounts payable after more than one year | 17 | €101,659 | €100,000 | -€1,659 | -1.6% |
| Financial debts | 170/4 | €1,659 | - | -€1,659 | |
| Other amounts payable | 178/9 | €100,000 | €100,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €66,555 | €40,654 | -€25,901 | -38.9% |
| Current portion of amounts payable after more than one year | 42 | €6,591 | €1,122 | -€5,469 | -83.0% |
| Trade debts | 44 | €9,286 | €6,312 | -€2,974 | -32.0% |
| Suppliers | 440/4 | €9,286 | €6,312 | -€2,974 | -32.0% |
| Taxes, remuneration and social security | 45 | €4,411 | €5,803 | +€1,392 | +31.6% |
| Taxes | 450/3 | €2,411 | €2,425 | +€14 | +0.6% |
| Remuneration and social security | 454/9 | €2,000 | €3,378 | +€1,378 | +68.9% |
| Other amounts payable | 47/48 | €46,267 | €27,416 | -€18,851 | -40.7% |
| Turnover | 70 | €139,432 | - | -€139,432 | |
| Goods, raw materials, services and sundry goods | 60/61 | €127,346 | - | -€127,346 | |
| Remuneration, social security and pensions | 62 | - | €21,362 | +€21,362 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,900 | €8,952 | +€52 | +0.6% |
| Other operating charges | 640/8 | €2,146 | €2,343 | +€197 | +9.2% |
| Gross operating margin | 9900 | €12,086 | €22,315 | +€10,229 | +84.6% |
| Operating profit (loss) | 9901 | €1,040 | -€10,342 | -€11,382 | |
| Financial income | 75/76B | €781 | €2,140 | +€1,359 | +174% |
| Recurring financial income | 75 | €781 | €2,140 | +€1,359 | +174% |
| Financial charges | 65/66B | €2,057 | €1,652 | -€405 | -19.7% |
| Recurring financial charges | 65 | €2,057 | €1,652 | -€405 | -19.7% |
| Profit (loss) for the period before taxes | 9903 | -€236 | -€9,854 | -€9,618 | -4,075% |
| Income taxes | 67/77 | €161 | €112 | -€49 | -30.7% |
| Profit (loss) for the period | 9904 | -€397 | -€9,966 | -€9,569 | -2,410% |
| Profit (loss) for the period to be appropriated | 9905 | -€397 | -€9,966 | -€9,569 | -2,410% |
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 27 October 2026 via checked.be.