M.V.S.: 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.S.
Largest movements
- Cash -€7,807
down €7,807 (-32.4%), from €24,063 to €16,256
mainly Net result for the year (-€6,892) and Tax, wage and social debts (-€3,851)
- Deferred charges and accrued income -€1,237
no longer reported in 2025 (was €1,237)
- Receivables within one year +€551
up €551 (+5.0%), from €11,076 to €11,627
of which Trade receivables: +€4,495
- Profit (loss) carried forward -€6,892
down €6,892 (-55.6%), from €12,396 to €5,504
- Tax, wage and social debts -€3,851
down €3,851 (-82.4%), from €4,673 to €823
of which Taxes: -€2,159
- Trade debts +€3,763
up €3,763 (+501%), from €751 to €4,514
- Other debts -€1,312
down €1,312 (-9.4%), from €13,982 to €12,670
- Turnover -€54,617
no longer reported in 2025 (was €54,617)
- Purchases and services -€48,727
no longer reported in 2025 (was €48,727)
- Staff costs +€5,813
up €5,813 (+87.3%), from €6,660 to €12,473
- Gross operating margin +€4,659
up €4,659 (+79.1%), from €5,890 to €10,549
- Taxes +€2,159
new in 2025: €2,159
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 | €38,704 | €30,211 | -€8,493 | -21.9% |
| Fixed assets | 21/28 | €2,328 | €2,328 | = | 0.0% |
| Tangible fixed assets | 22/27 | €1,923 | €1,923 | = | 0.0% |
| Furniture and vehicles | 24 | €1,923 | €1,923 | = | 0.0% |
| Financial fixed assets | 28 | €405 | €405 | = | 0.0% |
| Current assets | 29/58 | €36,376 | €27,883 | -€8,493 | -23.3% |
| Amounts receivable within one year | 40/41 | €11,076 | €11,627 | +€551 | +5.0% |
| Trade receivables | 40 | €7,132 | €11,627 | +€4,495 | +63.0% |
| Other amounts receivable | 41 | €3,944 | - | -€3,944 | |
| Cash at bank and in hand | 54/58 | €24,063 | €16,256 | -€7,807 | -32.4% |
| Deferred charges and accrued income | 490/1 | €1,237 | - | -€1,237 | |
| Total equity and liabilities | 10/49 | €38,704 | €30,211 | -€8,493 | -21.9% |
| Equity | 10/15 | €19,097 | €12,205 | -€6,892 | -36.1% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Capital | 10 | €6,197 | - | -€6,197 | |
| Issued capital | 100 | €6,197 | - | -€6,197 | |
| Reserves | 13 | €504 | €504 | = | 0.0% |
| Non-distributable reserves | 130/1 | €504 | €504 | = | 0.0% |
| Legal reserve | 130 | €504 | - | -€504 | |
| Reserves not available under the articles | 1311 | - | €504 | +€504 | |
| Profit (loss) carried forward | 14 | €12,396 | €5,504 | -€6,892 | -55.6% |
| Amounts payable | 17/49 | €19,607 | €18,006 | -€1,601 | -8.2% |
| Amounts payable within one year | 42/48 | €19,407 | €18,006 | -€1,400 | -7.2% |
| Trade debts | 44 | €751 | €4,514 | +€3,763 | +501% |
| Suppliers | 440/4 | €751 | €4,514 | +€3,763 | +501% |
| Taxes, remuneration and social security | 45 | €4,673 | €823 | -€3,851 | -82.4% |
| Taxes | 450/3 | €2,229 | €70 | -€2,159 | -96.9% |
| Remuneration and social security | 454/9 | €2,444 | €753 | -€1,692 | -69.2% |
| Other amounts payable | 47/48 | €13,982 | €12,670 | -€1,312 | -9.4% |
| Accrued charges and deferred income | 492/3 | €200 | - | -€200 | |
| Turnover | 70 | €54,617 | - | -€54,617 | |
| Goods, raw materials, services and sundry goods | 60/61 | €48,727 | - | -€48,727 | |
| Remuneration, social security and pensions | 62 | €6,660 | €12,473 | +€5,813 | +87.3% |
| Other operating charges | 640/8 | €2,596 | €2,673 | +€77 | +3.0% |
| Gross operating margin | 9900 | €5,890 | €10,549 | +€4,659 | +79.1% |
| Operating profit (loss) | 9901 | -€3,366 | -€4,597 | -€1,231 | -36.6% |
| Financial income | 75/76B | €695 | - | -€695 | |
| Recurring financial income | 75 | €695 | - | -€695 | |
| Financial charges | 65/66B | €298 | €137 | -€161 | -54.0% |
| Recurring financial charges | 65 | €298 | €137 | -€161 | -54.0% |
| Profit (loss) for the period before taxes | 9903 | -€2,969 | -€4,733 | -€1,765 | -59.4% |
| Income taxes | 67/77 | - | €2,159 | +€2,159 | |
| Profit (loss) for the period | 9904 | -€2,969 | -€6,892 | -€3,924 | -132% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,969 | -€6,892 | -€3,924 | -132% |
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 21 October 2026 via checked.be.