M.V. PROFI: 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. PROFI
Largest movements
- Receivables within one year -€44,287
down €44,287 (-36.4%), from €121,759 to €77,472
of which Trade receivables: -€53,533
- Cash -€8,649
down €8,649 (-61.0%), from €14,177 to €5,528
mainly Trade debts (-€50,084) and Debts after one year (-€7,762)
- Tangible fixed assets -€6,282
down €6,282 (-16.9%), from €37,122 to €30,840
of which Plant, machinery and equipment: -€3,534
- Trade debts -€50,084
down €50,084 (-80.1%), from €62,512 to €12,427
of which Bills of exchange payable: -€43,654
- Debts after one year -€7,762
down €7,762 (-40.6%), from €19,123 to €11,361
- Tax, wage and social debts -€3,011
down €3,011 (-49.6%), from €6,068 to €3,057
- Gross operating margin -€12,474
down €12,474 (-55.1%), from €22,653 to €10,179
- Taxes -€1,930
down €1,930 (-74.7%), from €2,582 to €653
- Depreciation -€1,667
down €1,667 (-21.0%), from €7,948 to €6,282
- Other operating charges -€1,049
down €1,049 (-50.7%), from €2,068 to €1,019
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 | €173,058 | €113,840 | -€59,218 | -34.2% |
| Fixed assets | 21/28 | €37,122 | €30,840 | -€6,282 | -16.9% |
| Tangible fixed assets | 22/27 | €37,122 | €30,840 | -€6,282 | -16.9% |
| Plant, machinery and equipment | 23 | €34,374 | €30,840 | -€3,534 | -10.3% |
| Furniture and vehicles | 24 | €2,748 | - | -€2,748 | |
| Current assets | 29/58 | €135,936 | €83,000 | -€52,936 | -38.9% |
| Amounts receivable within one year | 40/41 | €121,759 | €77,472 | -€44,287 | -36.4% |
| Trade receivables | 40 | €69,321 | €15,788 | -€53,533 | -77.2% |
| Other amounts receivable | 41 | €52,438 | €61,684 | +€9,245 | +17.6% |
| Cash at bank and in hand | 54/58 | €14,177 | €5,528 | -€8,649 | -61.0% |
| Total equity and liabilities | 10/49 | €173,058 | €113,840 | -€59,218 | -34.2% |
| Equity | 10/15 | €77,593 | €79,232 | +€1,639 | +2.1% |
| Contributions | 10/11 | €7,500 | €7,500 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €68,233 | €69,872 | +€1,639 | +2.4% |
| Amounts payable | 17/49 | €95,465 | €34,608 | -€60,857 | -63.7% |
| Amounts payable after more than one year | 17 | €19,123 | €11,361 | -€7,762 | -40.6% |
| Financial debts | 170/4 | €19,123 | €11,361 | -€7,762 | -40.6% |
| Amounts payable within one year | 42/48 | €76,342 | €23,246 | -€53,095 | -69.5% |
| Current portion of amounts payable after more than one year | 42 | €7,762 | €7,762 | = | 0.0% |
| Trade debts | 44 | €62,512 | €12,427 | -€50,084 | -80.1% |
| Suppliers | 440/4 | €9,979 | €3,548 | -€6,431 | -64.4% |
| Bills of exchange payable | 441 | €52,533 | €8,879 | -€43,654 | -83.1% |
| Taxes, remuneration and social security | 45 | €6,068 | €3,057 | -€3,011 | -49.6% |
| Taxes | 450/3 | €6,068 | €3,057 | -€3,011 | -49.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,948 | €6,282 | -€1,667 | -21.0% |
| Other operating charges | 640/8 | €2,068 | €1,019 | -€1,049 | -50.7% |
| Gross operating margin | 9900 | €22,653 | €10,179 | -€12,474 | -55.1% |
| Operating profit (loss) | 9901 | €12,637 | €2,878 | -€9,759 | -77.2% |
| Financial income | 75/76B | €21 | €18 | -€4 | -17.7% |
| Recurring financial income | 75 | €21 | €18 | -€4 | -17.7% |
| Financial charges | 65/66B | €810 | €604 | -€206 | -25.4% |
| Recurring financial charges | 65 | €810 | €604 | -€206 | -25.4% |
| Profit (loss) for the period before taxes | 9903 | €11,848 | €2,292 | -€9,557 | -80.7% |
| Income taxes | 67/77 | €2,582 | €653 | -€1,930 | -74.7% |
| Profit (loss) for the period | 9904 | €9,266 | €1,639 | -€7,627 | -82.3% |
| Profit (loss) for the period to be appropriated | 9905 | €9,266 | €1,639 | -€7,627 | -82.3% |
Source: filed annual accounts (NBB), financial years ended 30 November 2024 and 30 November 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.