M.V.M.: what changed
Two fiscal 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.
What changed
M.V.M.
NACE 95.312, Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€54,661
2024 · €86,360-€31,699
Equity
€801,620
2024 · €951,010-€149,390
Cash
€183,721
2024 · €208,220-€24,499
Balance sheet total
€3.0m
2024 · €2.8m+€207,376
Largest movements
Assets
- Receivables within one year +€239,523
up €239,523 (+32.4%), from €738,474 to €977,998
of which Other amounts receivable: +€249,766
- Tangible fixed assets -€79,208
down €79,208 (-4.6%), from €1.7m to €1.6m
- Stocks and contracts +€73,055
up €73,055 (+52.3%), from €139,564 to €212,619
Equity and liabilities
- Other debts +€203,448
up €203,448 (+3731.5%), from €5,452 to €208,900
- Reserves -€201,250
down €201,250 (-95.3%), from €211,250 to €10,000
- Short-term financial debts +€69,865
up €69,865 (+19.9%), from €351,212 to €421,077
- Profit (loss) carried forward +€54,661
up €54,661 (+9.4%), from €584,462 to €639,123
- Debts after one year +€45,430
up €45,430 (+5.7%), from €794,801 to €840,231
Income statement
- Gross operating margin +€262,998
up €262,998 (+23.0%), from €1.1m to €1.4m
- Staff costs +€192,259
up €192,259 (+23.6%), from €816,292 to €1.0m
- Write-downs +€36,829
up €36,829 (+2538.1%), from €1,451 to €38,280
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.
Result 2024
€86,360
Gross operating margin
+€262,998
Staff costs
-€192,259
Depreciation
-€8,834
Write-downs
-€36,829
Other operating charges
-€4,160
Other operating items
-€53,194
Financial income
+€3,293
Financial charges
-€3,904
Taxes
+€1,188
Result 2025
€54,661
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.
From operations
+€146,687
Investment
-€83,915
Financing
-€87,271
Cash 2024
€208,220
From operations (derived)
+€146,687
Net result for the year
+€54,661
Depreciation
+€164,332
Stocks and contracts
-€73,055
Receivables within one year
-€239,523
Deferred charges and accrued income
+€285
Provisions
-€700
Trade debts
+€15,455
Tax, wage and social debts
+€22,611
Other debts
+€203,448
Accrued charges and deferred income
-€826
Investment (derived)
-€83,915
Investment in fixed assets (net)
-€83,915
Financing
-€87,271
Debts after one year
+€45,430
Current portion of long-term debt
+€1,485
Short-term financial debts
+€69,865
Contributions, distributions and other
-€204,051
Cash 2025
€183,721
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,825,125 | €3,032,501 | +€207,376 | +7.3% |
| Fixed assets | 21/28 | €1,718,536 | €1,638,119 | -€80,418 | -4.7% |
| Intangible fixed assets | 21 | €1,745 | €665 | -€1,079 | -61.9% |
| Tangible fixed assets | 22/27 | €1,716,462 | €1,637,253 | -€79,208 | -4.6% |
| Land and buildings | 22 | €1,331,852 | €1,293,043 | -€38,808 | -2.9% |
| Plant, machinery and equipment | 23 | €114,469 | €89,663 | -€24,805 | -21.7% |
| Furniture and vehicles | 24 | €46,347 | €50,079 | +€3,732 | +8.1% |
| Leasing and similar rights | 25 | €216,692 | €196,730 | -€19,962 | -9.2% |
| Other tangible fixed assets | 26 | €7,102 | €7,738 | +€635 | +8.9% |
| Financial fixed assets | 28 | €330 | €200 | -€130 | -39.4% |
| Current assets | 29/58 | €1,106,588 | €1,394,382 | +€287,794 | +26.0% |
| Stocks and contracts in progress | 3 | €139,564 | €212,619 | +€73,055 | +52.3% |
| Stocks | 30/36 | €139,564 | €212,619 | +€73,055 | +52.3% |
| Amounts receivable within one year | 40/41 | €738,474 | €977,998 | +€239,523 | +32.4% |
| Trade receivables | 40 | €539,485 | €529,243 | -€10,243 | -1.9% |
| Other amounts receivable | 41 | €198,989 | €448,755 | +€249,766 | +125.5% |
| Cash at bank and in hand | 54/58 | €208,220 | €183,721 | -€24,499 | -11.8% |
| Deferred charges and accrued income | 490/1 | €20,330 | €20,044 | -€285 | -1.4% |
| Total equity and liabilities | 10/49 | €2,825,125 | €3,032,501 | +€207,376 | +7.3% |
| Equity | 10/15 | €951,010 | €801,620 | -€149,390 | -15.7% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €211,250 | €10,000 | -€201,250 | -95.3% |
| Distributable reserves | 133 | €211,250 | €10,000 | -€201,250 | -95.3% |
| Profit (loss) carried forward | 14 | €584,462 | €639,123 | +€54,661 | +9.4% |
| Investment grants | 15 | €55,298 | €52,497 | -€2,801 | -5.1% |
| Provisions and deferred taxes | 16 | €13,825 | €13,124 | -€700 | -5.1% |
| Deferred taxes | 168 | €13,825 | €13,124 | -€700 | -5.1% |
| Amounts payable | 17/49 | €1,860,290 | €2,217,757 | +€357,467 | +19.2% |
| Amounts payable after more than one year | 17 | €794,801 | €840,231 | +€45,430 | +5.7% |
| Financial debts | 170/4 | €794,801 | €840,231 | +€45,430 | +5.7% |
| Amounts payable within one year | 42/48 | €1,063,978 | €1,376,841 | +€312,863 | +29.4% |
| Current portion of amounts payable after more than one year | 42 | €167,257 | €168,741 | +€1,485 | +0.9% |
| Financial debts | 43 | €351,212 | €421,077 | +€69,865 | +19.9% |
| Credit institutions | 430/8 | €351,212 | €421,077 | +€69,865 | +19.9% |
| Trade debts | 44 | €426,308 | €441,763 | +€15,455 | +3.6% |
| Suppliers | 440/4 | €426,308 | €441,763 | +€15,455 | +3.6% |
| Taxes, remuneration and social security | 45 | €113,749 | €136,360 | +€22,611 | +19.9% |
| Taxes | 450/3 | €16,088 | €17,593 | +€1,505 | +9.4% |
| Remuneration and social security | 454/9 | €97,662 | €118,767 | +€21,106 | +21.6% |
| Other amounts payable | 47/48 | €5,452 | €208,900 | +€203,448 | +3731.5% |
| Accrued charges and deferred income | 492/3 | €1,511 | €685 | -€826 | -54.7% |
| Remuneration, social security and pensions | 62 | €816,292 | €1,008,551 | +€192,259 | +23.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €155,498 | €164,332 | +€8,834 | +5.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,451 | €38,280 | +€36,829 | +2538.1% |
| Other operating charges | 640/8 | €12,368 | €16,527 | +€4,160 | +33.6% |
| Non-recurring operating charges | 66A | - | €53,194 | +€53,194 | |
| Gross operating margin | 9900 | €1,141,785 | €1,404,784 | +€262,998 | +23.0% |
| Operating profit (loss) | 9901 | €156,177 | €123,900 | -€32,277 | -20.7% |
| Financial income | 75/76B | €3,457 | €6,751 | +€3,293 | +95.2% |
| Recurring financial income | 75 | €3,457 | €6,751 | +€3,293 | +95.2% |
| Financial charges | 65/66B | €45,526 | €49,430 | +€3,904 | +8.6% |
| Recurring financial charges | 65 | €45,526 | €49,430 | +€3,904 | +8.6% |
| Profit (loss) for the period before taxes | 9903 | €114,108 | €81,221 | -€32,888 | -28.8% |
| Transfer from deferred taxes | 780 | €700 | €700 | = | 0.0% |
| Income taxes | 67/77 | €28,448 | €27,260 | -€1,188 | -4.2% |
| Profit (loss) for the period | 9904 | €86,360 | €54,661 | -€31,699 | -36.7% |
| Profit (loss) for the period to be appropriated | 9905 | €86,360 | €54,661 | -€31,699 | -36.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.