M-VB Dakwerken: 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-VB Dakwerken
Largest movements
- Cash +€17,438
up €17,438 (+123%), from €14,156 to €31,594
mainly Depreciation (+€39,695) and Receivables within one year (+€12,151)
- Tangible fixed assets +€14,040
up €14,040 (+8.6%), from €163,045 to €177,085
of which Leasing and similar rights: +€41,543
- Receivables within one year -€12,151
down €12,151 (-40.3%), from €30,187 to €18,035
of which Trade receivables: -€9,257
- Stocks and contracts -€9,603
no longer reported in 2025 (was €9,603)
- Current portion of long-term debt +€11,618
up €11,618 (+38.2%), from €30,437 to €42,055
- Debts after one year +€9,244
up €9,244 (+9.8%), from €94,613 to €103,856
- Short-term financial debts -€5,896
no longer reported in 2025 (was €5,896)
- Profit (loss) carried forward -€5,896
down €5,896 (-53.7%), from -€10,979 to -€16,875
- Trade debts +€4,800
up €4,800 (+24.2%), from €19,822 to €24,622
- Gross operating margin -€4,623
down €4,623 (-10.5%), from €43,950 to €39,327
- Other operating charges -€2,926
down €2,926 (-69.7%), from €4,197 to €1,271
- Depreciation +€1,351
up €1,351 (+3.5%), from €38,345 to €39,695
- Financial income -€855
down €855 (-80.1%), from €1,068 to €212
of which Non-recurring financial income: -€771
- Financial charges -€540
down €540 (-12.6%), from €4,273 to €3,733
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 | €217,901 | €229,549 | +€11,648 | +5.3% |
| Fixed assets | 21/28 | €163,045 | €177,105 | +€14,060 | +8.6% |
| Tangible fixed assets | 22/27 | €163,045 | €177,085 | +€14,040 | +8.6% |
| Plant, machinery and equipment | 23 | €12,541 | €9,248 | -€3,293 | -26.3% |
| Furniture and vehicles | 24 | €90,669 | €66,458 | -€24,210 | -26.7% |
| Leasing and similar rights | 25 | €59,835 | €101,379 | +€41,543 | +69.4% |
| Financial fixed assets | 28 | - | €20 | +€20 | |
| Current assets | 29/58 | €54,856 | €52,444 | -€2,412 | -4.4% |
| Stocks and contracts in progress | 3 | €9,603 | - | -€9,603 | |
| Stocks | 30/36 | €9,603 | - | -€9,603 | |
| Amounts receivable within one year | 40/41 | €30,187 | €18,035 | -€12,151 | -40.3% |
| Trade receivables | 40 | €14,802 | €5,545 | -€9,257 | -62.5% |
| Other amounts receivable | 41 | €15,385 | €12,490 | -€2,895 | -18.8% |
| Cash at bank and in hand | 54/58 | €14,156 | €31,594 | +€17,438 | +123% |
| Deferred charges and accrued income | 490/1 | €910 | €2,815 | +€1,905 | +209% |
| Total equity and liabilities | 10/49 | €217,901 | €229,549 | +€11,648 | +5.3% |
| Equity | 10/15 | €37,021 | €31,125 | -€5,896 | -15.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €43,000 | €43,000 | = | 0.0% |
| Distributable reserves | 133 | €43,000 | €43,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,979 | -€16,875 | -€5,896 | -53.7% |
| Amounts payable | 17/49 | €180,880 | €198,424 | +€17,544 | +9.7% |
| Amounts payable after more than one year | 17 | €94,613 | €103,856 | +€9,244 | +9.8% |
| Financial debts | 170/4 | €94,613 | €103,856 | +€9,244 | +9.8% |
| Amounts payable within one year | 42/48 | €86,268 | €94,568 | +€8,300 | +9.6% |
| Current portion of amounts payable after more than one year | 42 | €30,437 | €42,055 | +€11,618 | +38.2% |
| Financial debts | 43 | €5,896 | - | -€5,896 | |
| Credit institutions | 430/8 | €5,896 | - | -€5,896 | |
| Trade debts | 44 | €19,822 | €24,622 | +€4,800 | +24.2% |
| Suppliers | 440/4 | €19,822 | €24,622 | +€4,800 | +24.2% |
| Other amounts payable | 47/48 | €30,112 | €27,891 | -€2,222 | -7.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,345 | €39,695 | +€1,351 | +3.5% |
| Other operating charges | 640/8 | €4,197 | €1,271 | -€2,926 | -69.7% |
| Non-recurring operating charges | 66A | - | €736 | +€736 | |
| Gross operating margin | 9900 | €43,950 | €39,327 | -€4,623 | -10.5% |
| Operating profit (loss) | 9901 | €1,408 | -€2,376 | -€3,783 | |
| Financial income | 75/76B | €1,068 | €212 | -€855 | -80.1% |
| Recurring financial income | 75 | €296 | €212 | -€84 | -28.3% |
| Non-recurring financial income | 76B | €771 | - | -€771 | |
| Financial charges | 65/66B | €4,273 | €3,733 | -€540 | -12.6% |
| Recurring financial charges | 65 | €4,273 | €3,733 | -€540 | -12.6% |
| Profit (loss) for the period before taxes | 9903 | -€1,798 | -€5,896 | -€4,098 | -228% |
| Income taxes | 67/77 | €201 | - | -€201 | |
| Profit (loss) for the period | 9904 | -€1,999 | -€5,896 | -€3,897 | -195% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,999 | -€5,896 | -€3,897 | -195% |
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.