MBV FINANCES: 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.
MBV FINANCES
Largest movements
- Cash -€520,180
down €520,180 (-83.8%), from €620,959 to €100,780
mainly Current investments (-€400,000) and Other debts (-€174,000)
- Current investments +€400,000
new in 2025: €400,000
- Tangible fixed assets +€23,252
up €23,252 (+232%), from €10,002 to €33,254
of which Other tangible fixed assets: +€25,861
- Receivables within one year +€19,724
up €19,724 (+73.7%), from €26,748 to €46,472
of which Other amounts receivable: +€14,724
- Other debts -€174,000
down €174,000 (-60.0%), from €290,000 to €116,000
- Reserves +€125,000
up €125,000 (+50.0%), from €250,000 to €375,000
- Tax, wage and social debts -€24,461
down €24,461 (-21.7%), from €112,758 to €88,297
- Gross operating margin -€346,035
down €346,035 (-56.1%), from €617,312 to €271,277
- Taxes -€106,000
down €106,000 (-57.9%), from €183,203 to €77,203
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 | €660,743 | €583,538 | -€77,204 | -11.7% |
| Fixed assets | 21/28 | €12,072 | €35,324 | +€23,252 | +193% |
| Tangible fixed assets | 22/27 | €10,002 | €33,254 | +€23,252 | +232% |
| Furniture and vehicles | 24 | €6,858 | €4,248 | -€2,609 | -38.1% |
| Other tangible fixed assets | 26 | €3,145 | €29,006 | +€25,861 | +822% |
| Financial fixed assets | 28 | €2,070 | €2,070 | = | 0.0% |
| Current assets | 29/58 | €648,670 | €548,214 | -€100,456 | -15.5% |
| Amounts receivable within one year | 40/41 | €26,748 | €46,472 | +€19,724 | +73.7% |
| Trade receivables | 40 | €26,500 | €31,500 | +€5,000 | +18.9% |
| Other amounts receivable | 41 | €248 | €14,972 | +€14,724 | +5,932% |
| Current investments | 50/53 | - | €400,000 | +€400,000 | |
| Cash at bank and in hand | 54/58 | €620,959 | €100,780 | -€520,180 | -83.8% |
| Deferred charges and accrued income | 490/1 | €963 | €963 | = | 0.0% |
| Total equity and liabilities | 10/49 | €660,743 | €583,538 | -€77,204 | -11.7% |
| Equity | 10/15 | €256,693 | €378,219 | +€121,526 | +47.3% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €250,000 | €375,000 | +€125,000 | +50.0% |
| Distributable reserves | 133 | €250,000 | €375,000 | +€125,000 | +50.0% |
| Profit (loss) carried forward | 14 | €5,693 | €2,219 | -€3,474 | -61.0% |
| Amounts payable | 17/49 | €404,050 | €205,319 | -€198,731 | -49.2% |
| Amounts payable within one year | 42/48 | €404,050 | €205,319 | -€198,731 | -49.2% |
| Trade debts | 44 | €1,292 | €1,023 | -€269 | -20.8% |
| Suppliers | 440/4 | €1,292 | €1,023 | -€269 | -20.8% |
| Taxes, remuneration and social security | 45 | €112,758 | €88,297 | -€24,461 | -21.7% |
| Taxes | 450/3 | €112,758 | €88,297 | -€24,461 | -21.7% |
| Other amounts payable | 47/48 | €290,000 | €116,000 | -€174,000 | -60.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,567 | €5,704 | +€2,138 | +59.9% |
| Other operating charges | 640/8 | €64 | €64 | = | 0.0% |
| Gross operating margin | 9900 | €617,312 | €271,277 | -€346,035 | -56.1% |
| Operating profit (loss) | 9901 | €613,682 | €265,509 | -€348,173 | -56.7% |
| Financial income | 75/76B | €19,073 | €16,168 | -€2,905 | -15.2% |
| Recurring financial income | 75 | €19,073 | €16,168 | -€2,905 | -15.2% |
| Financial charges | 65/66B | €3,120 | €2,948 | -€173 | -5.5% |
| Recurring financial charges | 65 | €3,120 | €2,948 | -€173 | -5.5% |
| Profit (loss) for the period before taxes | 9903 | €629,634 | €278,729 | -€350,904 | -55.7% |
| Income taxes | 67/77 | €183,203 | €77,203 | -€106,000 | -57.9% |
| Profit (loss) for the period | 9904 | €446,431 | €201,526 | -€244,905 | -54.9% |
| Profit (loss) for the period to be appropriated | 9905 | €446,431 | €201,526 | -€244,905 | -54.9% |
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 27 October 2026 via checked.be.