M.V. SERVICES: 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.
M.V. SERVICES
Largest movements
- Cash +€14,328
up €14,328 (+17.3%), from €82,817 to €97,145
mainly Receivables within one year (+€13,200) and Depreciation (+€10,522)
- Receivables within one year -€13,200
down €13,200 (-63.4%), from €20,803 to €7,604
of which Other amounts receivable: -€18,040
- Tangible fixed assets +€8,836
up €8,836 (+3.9%), from €228,342 to €237,178
- Profit (loss) carried forward +€7,111
up €7,111 (+2.3%), from €304,270 to €311,382
- Gross operating margin -€8,164
down €8,164 (-26.2%), from €31,203 to €23,040
- Taxes -€2,305
down €2,305 (-50.8%), from €4,541 to €2,236
- Depreciation +€731
up €731 (+7.5%), from €9,791 to €10,522
- Other operating charges -€349
down €349 (-10.1%), from €3,453 to €3,103
From the 2025 result to the 2026 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.
Cash bridge derived
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €335,022 | €341,927 | +€6,905 | +2.1% |
| Fixed assets | 21/28 | €231,402 | €237,178 | +€5,776 | +2.5% |
| Tangible fixed assets | 22/27 | €228,342 | €237,178 | +€8,836 | +3.9% |
| Land and buildings | 22 | €228,342 | €237,178 | +€8,836 | +3.9% |
| Financial fixed assets | 28 | €3,060 | - | -€3,060 | |
| Current assets | 29/58 | €103,620 | €104,749 | +€1,129 | +1.1% |
| Amounts receivable within one year | 40/41 | €20,803 | €7,604 | -€13,200 | -63.4% |
| Trade receivables | 40 | - | €4,840 | +€4,840 | |
| Other amounts receivable | 41 | €20,803 | €2,764 | -€18,040 | -86.7% |
| Cash at bank and in hand | 54/58 | €82,817 | €97,145 | +€14,328 | +17.3% |
| Total equity and liabilities | 10/49 | €335,022 | €341,927 | +€6,905 | +2.1% |
| Equity | 10/15 | €313,566 | €320,678 | +€7,111 | +2.3% |
| Contributions | 10/11 | €7,437 | €7,437 | = | 0.0% |
| Capital | 10 | €7,437 | €7,437 | = | 0.0% |
| Issued capital | 100 | €18,592 | €18,592 | = | 0.0% |
| Uncalled capital | 101 | €11,155 | €11,155 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Legal reserve | 130 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €304,270 | €311,382 | +€7,111 | +2.3% |
| Amounts payable | 17/49 | €21,456 | €21,249 | -€206 | -1.0% |
| Amounts payable within one year | 42/48 | €21,456 | €21,249 | -€206 | -1.0% |
| Trade debts | 44 | - | €18 | +€18 | |
| Suppliers | 440/4 | - | €18 | +€18 | |
| Taxes, remuneration and social security | 45 | €2,034 | €4,908 | +€2,874 | +141.3% |
| Taxes | 450/3 | €2,034 | €4,908 | +€2,874 | +141.3% |
| Other amounts payable | 47/48 | €19,422 | €16,323 | -€3,099 | -16.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,791 | €10,522 | +€731 | +7.5% |
| Other operating charges | 640/8 | €3,453 | €3,103 | -€349 | -10.1% |
| Gross operating margin | 9900 | €31,203 | €23,040 | -€8,164 | -26.2% |
| Operating profit (loss) | 9901 | €17,960 | €9,414 | -€8,545 | -47.6% |
| Financial charges | 65/66B | €74 | €67 | -€7 | -9.2% |
| Recurring financial charges | 65 | €74 | €67 | -€7 | -9.2% |
| Profit (loss) for the period before taxes | 9903 | €17,886 | €9,348 | -€8,538 | -47.7% |
| Income taxes | 67/77 | €4,541 | €2,236 | -€2,305 | -50.8% |
| Profit (loss) for the period | 9904 | €13,345 | €7,111 | -€6,233 | -46.7% |
| Profit (loss) for the period to be appropriated | 9905 | €13,345 | €7,111 | -€6,233 | -46.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.