M.V. TRADING: 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. TRADING
Largest movements
- Stocks and contracts +€19,978
new in 2025: €19,978
- Tangible fixed assets -€14,900
down €14,900 (-25.0%), from €59,556 to €44,657
of which Furniture and vehicles: -€16,267
- Receivables within one year -€5,434
down €5,434 (-3.5%), from €156,190 to €150,756
of which Trade receivables: -€13,291
- Trade debts +€15,342
up €15,342 (+42.5%), from €36,098 to €51,440
- Debts after one year -€15,139
down €15,139 (-43.3%), from €34,962 to €19,822
- Other debts -€8,493
down €8,493 (-14.8%), from €57,218 to €48,725
- Reserves +€7,821
up €7,821 (+5.5%), from €141,410 to €149,230
of which Distributable reserves: +€7,821
- Gross operating margin +€4,785
up €4,785 (+15.7%), from €30,415 to €35,200
- Depreciation +€2,671
up €2,671 (+17.0%), from €15,686 to €18,357
- Taxes +€723
up €723 (+22.9%), from €3,158 to €3,881
- Financial charges -€552
down €552 (-16.1%), from €3,424 to €2,872
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 | €291,715 | €291,856 | +€141 | 0.0% |
| Fixed assets | 21/28 | €59,556 | €44,657 | -€14,900 | -25.0% |
| Tangible fixed assets | 22/27 | €59,556 | €44,657 | -€14,900 | -25.0% |
| Plant, machinery and equipment | 23 | €1,675 | €3,042 | +€1,368 | +81.7% |
| Furniture and vehicles | 24 | €57,882 | €41,614 | -€16,267 | -28.1% |
| Current assets | 29/58 | €232,159 | €247,200 | +€15,041 | +6.5% |
| Stocks and contracts in progress | 3 | - | €19,978 | +€19,978 | |
| Stocks | 30/36 | - | €19,978 | +€19,978 | |
| Amounts receivable within one year | 40/41 | €156,190 | €150,756 | -€5,434 | -3.5% |
| Trade receivables | 40 | €104,102 | €90,811 | -€13,291 | -12.8% |
| Other amounts receivable | 41 | €52,088 | €59,945 | +€7,857 | +15.1% |
| Cash at bank and in hand | 54/58 | €74,720 | €75,249 | +€529 | +0.7% |
| Deferred charges and accrued income | 490/1 | €1,249 | €1,217 | -€33 | -2.6% |
| Total equity and liabilities | 10/49 | €291,715 | €291,856 | +€141 | 0.0% |
| Equity | 10/15 | €148,910 | €156,730 | +€7,821 | +5.3% |
| Contributions | 10/11 | €7,500 | €7,500 | = | 0.0% |
| Reserves | 13 | €141,410 | €149,230 | +€7,821 | +5.5% |
| Non-distributable reserves | 130/1 | €3,107 | €3,107 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,107 | €3,107 | = | 0.0% |
| Distributable reserves | 133 | €138,303 | €146,124 | +€7,821 | +5.7% |
| Amounts payable | 17/49 | €142,806 | €135,126 | -€7,680 | -5.4% |
| Amounts payable after more than one year | 17 | €34,962 | €19,822 | -€15,139 | -43.3% |
| Financial debts | 170/4 | €34,962 | €19,822 | -€15,139 | -43.3% |
| Amounts payable within one year | 42/48 | €107,844 | €115,304 | +€7,459 | +6.9% |
| Current portion of amounts payable after more than one year | 42 | €14,528 | €15,139 | +€611 | +4.2% |
| Trade debts | 44 | €36,098 | €51,440 | +€15,342 | +42.5% |
| Suppliers | 440/4 | €36,098 | €51,440 | +€15,342 | +42.5% |
| Other amounts payable | 47/48 | €57,218 | €48,725 | -€8,493 | -14.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,686 | €18,357 | +€2,671 | +17.0% |
| Other operating charges | 640/8 | €2,609 | €2,270 | -€339 | -13.0% |
| Gross operating margin | 9900 | €30,415 | €35,200 | +€4,785 | +15.7% |
| Operating profit (loss) | 9901 | €12,120 | €14,573 | +€2,453 | +20.2% |
| Financial charges | 65/66B | €3,424 | €2,872 | -€552 | -16.1% |
| Recurring financial charges | 65 | €3,424 | €2,872 | -€552 | -16.1% |
| Profit (loss) for the period before taxes | 9903 | €8,696 | €11,701 | +€3,005 | +34.6% |
| Income taxes | 67/77 | €3,158 | €3,881 | +€723 | +22.9% |
| Profit (loss) for the period | 9904 | €5,538 | €7,821 | +€2,283 | +41.2% |
| Profit (loss) for the period to be appropriated | 9905 | €5,538 | €7,821 | +€2,283 | +41.2% |
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 28 October 2026 via checked.be.