M&V PARTNERS: 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 PARTNERS
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Profit (loss) carried forward +€8,469
up €8,469 (+33.8%), from €25,075 to €33,544
- Debts after one year -€5,048
down €5,048 (-47.0%), from €10,746 to €5,697
- Short-term financial debts -€3,209
down €3,209 (-68.3%), from €4,699 to €1,490
- Tax, wage and social debts -€1,012
down €1,012 (-11.5%), from €8,803 to €7,790
- Gross operating margin -€1,178
down €1,178 (-8.2%), from €14,291 to €13,113
- Taxes -€392
down €392 (-14.4%), from €2,719 to €2,326
- Other operating charges +€367
up €367 (+230%), from €160 to €527
- Depreciation -€355
down €355 (-40.6%), from €873 to €518
- Financial charges +€228
up €228 (+20.7%), from €1,101 to €1,329
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €62,705 | €62,720 | +€15 | 0.0% |
| Fixed assets | 21/28 | €50,457 | €49,939 | -€518 | -1.0% |
| Tangible fixed assets | 22/27 | €50,407 | €49,889 | -€518 | -1.0% |
| Land and buildings | 22 | €49,619 | €49,500 | -€119 | -0.2% |
| Furniture and vehicles | 24 | €788 | €389 | -€399 | -50.7% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €12,248 | €12,781 | +€533 | +4.4% |
| Amounts receivable within one year | 40/41 | €12,248 | €12,781 | +€533 | +4.4% |
| Trade receivables | 40 | €9,278 | €9,425 | +€147 | +1.6% |
| Other amounts receivable | 41 | €2,969 | €3,355 | +€386 | +13.0% |
| Total equity and liabilities | 10/49 | €62,705 | €62,720 | +€15 | 0.0% |
| Equity | 10/15 | €33,135 | €41,604 | +€8,469 | +25.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | - | €1,860 | +€1,860 | |
| Reserves not available under the articles | 1311 | - | €1,860 | +€1,860 | |
| Distributable reserves | 133 | €1,860 | - | -€1,860 | |
| Profit (loss) carried forward | 14 | €25,075 | €33,544 | +€8,469 | +33.8% |
| Amounts payable | 17/49 | €29,570 | €21,116 | -€8,454 | -28.6% |
| Amounts payable after more than one year | 17 | €10,746 | €5,697 | -€5,048 | -47.0% |
| Financial debts | 170/4 | €10,746 | €5,697 | -€5,048 | -47.0% |
| Amounts payable within one year | 42/48 | €18,824 | €15,419 | -€3,406 | -18.1% |
| Current portion of amounts payable after more than one year | 42 | €4,854 | €5,048 | +€194 | +4.0% |
| Financial debts | 43 | €4,699 | €1,490 | -€3,209 | -68.3% |
| Credit institutions | 430/8 | €4,699 | €1,490 | -€3,209 | -68.3% |
| Trade debts | 44 | €469 | €1,090 | +€621 | +132% |
| Suppliers | 440/4 | €469 | €1,090 | +€621 | +132% |
| Taxes, remuneration and social security | 45 | €8,803 | €7,790 | -€1,012 | -11.5% |
| Taxes | 450/3 | €8,803 | €7,790 | -€1,012 | -11.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €873 | €518 | -€355 | -40.6% |
| Other operating charges | 640/8 | €160 | €527 | +€367 | +230% |
| Non-recurring operating charges | 66A | €147 | €116 | -€31 | -20.9% |
| Gross operating margin | 9900 | €14,291 | €13,113 | -€1,178 | -8.2% |
| Operating profit (loss) | 9901 | €13,110 | €11,951 | -€1,159 | -8.8% |
| Financial income | 75/76B | €90 | €173 | +€83 | +91.7% |
| Recurring financial income | 75 | €90 | €173 | +€83 | +91.7% |
| Financial charges | 65/66B | €1,101 | €1,329 | +€228 | +20.7% |
| Recurring financial charges | 65 | €1,101 | €1,329 | +€228 | +20.7% |
| Profit (loss) for the period before taxes | 9903 | €12,099 | €10,795 | -€1,304 | -10.8% |
| Income taxes | 67/77 | €2,719 | €2,326 | -€392 | -14.4% |
| Profit (loss) for the period | 9904 | €9,381 | €8,469 | -€912 | -9.7% |
| Profit (loss) for the period to be appropriated | 9905 | €9,381 | €8,469 | -€912 | -9.7% |
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 25 October 2026 via checked.be.