MBVV: 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.
MBVV
Largest movements
- Tangible fixed assets -€14,110
down €14,110 (-5.3%), from €263,850 to €249,740
of which Land and buildings: -€10,364
- Debts after one year -€17,584
down €17,584 (-9.2%), from €190,819 to €173,235
- Other debts +€3,177
up €3,177 (+14.9%), from €21,328 to €24,505
- Gross operating margin -€2,247
down €2,247 (-8.4%), from €26,660 to €24,413
- Financial charges -€496
down €496 (-9.3%), from €5,358 to €4,862
- Taxes -€454
no longer reported in 2024 (was €454)
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €276,409 | €264,509 | -€11,900 | -4.3% |
| Formation expenses | 20 | €197 | - | -€197 | |
| Fixed assets | 21/28 | €263,850 | €249,740 | -€14,110 | -5.3% |
| Tangible fixed assets | 22/27 | €263,850 | €249,740 | -€14,110 | -5.3% |
| Land and buildings | 22 | €246,736 | €236,372 | -€10,364 | -4.2% |
| Furniture and vehicles | 24 | €17,114 | €13,367 | -€3,746 | -21.9% |
| Current assets | 29/58 | €12,362 | €14,770 | +€2,408 | +19.5% |
| Amounts receivable within one year | 40/41 | €11,328 | €12,527 | +€1,199 | +10.6% |
| Trade receivables | 40 | €11,328 | €12,527 | +€1,199 | +10.6% |
| Cash at bank and in hand | 54/58 | €749 | €2,243 | +€1,493 | +199.3% |
| Deferred charges and accrued income | 490/1 | €284 | - | -€284 | |
| Total equity and liabilities | 10/49 | €276,409 | €264,509 | -€11,900 | -4.3% |
| Equity | 10/15 | €25,725 | €25,571 | -€154 | -0.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €5,725 | €5,725 | = | 0.0% |
| Distributable reserves | 133 | €5,725 | €5,725 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€154 | -€154 | |
| Amounts payable | 17/49 | €250,684 | €238,938 | -€11,746 | -4.7% |
| Amounts payable after more than one year | 17 | €190,819 | €173,235 | -€17,584 | -9.2% |
| Financial debts | 170/4 | €190,819 | €173,235 | -€17,584 | -9.2% |
| Amounts payable within one year | 42/48 | €59,865 | €63,935 | +€4,070 | +6.8% |
| Current portion of amounts payable after more than one year | 42 | €17,238 | €17,584 | +€346 | +2.0% |
| Trade debts | 44 | €16,322 | €18,136 | +€1,814 | +11.1% |
| Suppliers | 440/4 | €16,322 | €18,136 | +€1,814 | +11.1% |
| Taxes, remuneration and social security | 45 | €4,976 | €3,710 | -€1,266 | -25.4% |
| Taxes | 450/3 | €4,976 | €3,710 | -€1,266 | -25.4% |
| Other amounts payable | 47/48 | €21,328 | €24,505 | +€3,177 | +14.9% |
| Accrued charges and deferred income | 492/3 | - | €1,768 | +€1,768 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,183 | €17,051 | -€132 | -0.8% |
| Other operating charges | 640/8 | €2,419 | €2,653 | +€234 | +9.7% |
| Non-recurring operating charges | 66A | €53 | - | -€53 | |
| Gross operating margin | 9900 | €26,660 | €24,413 | -€2,247 | -8.4% |
| Operating profit (loss) | 9901 | €7,005 | €4,708 | -€2,297 | -32.8% |
| Financial charges | 65/66B | €5,358 | €4,862 | -€496 | -9.3% |
| Recurring financial charges | 65 | €5,358 | €4,862 | -€496 | -9.3% |
| Profit (loss) for the period before taxes | 9903 | €1,647 | -€154 | -€1,801 | |
| Income taxes | 67/77 | €454 | - | -€454 | |
| Profit (loss) for the period | 9904 | €1,193 | -€154 | -€1,347 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,193 | -€154 | -€1,347 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2023 and 30 September 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.