MFV HOLDING: 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.
MFV HOLDING
Largest movements
- Receivables within one year -€9,613
down €9,613 (-39.2%), from €24,500 to €14,887
- Cash -€1,612
down €1,612 (-26.5%), from €6,072 to €4,461
mainly Net result for the year (-€23,724)
- Formation expenses -€500
down €500 (-86.0%), from €581 to €81
- Profit (loss) carried forward -€23,724
down €23,724 (-29.2%), from -€81,241 to -€104,966
- Trade debts +€12,000
up €12,000 (+1322.3%), from €908 to €12,908
- Gross operating margin -€10,837
down €10,837 (-90.0%), from -€12,039 to -€22,876
- Other operating charges -€504
down €504 (-65.1%), from €775 to €271
- Depreciation -€476
down €476 (-48.8%), from €976 to €500
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.
Cash bridge derived
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 | €31,154 | €19,429 | -€11,724 | -37.6% |
| Formation expenses | 20 | €581 | €81 | -€500 | -86.0% |
| Current assets | 29/58 | €30,572 | €19,348 | -€11,224 | -36.7% |
| Amounts receivable within one year | 40/41 | €24,500 | €14,887 | -€9,613 | -39.2% |
| Other amounts receivable | 41 | €24,500 | €14,887 | -€9,613 | -39.2% |
| Cash at bank and in hand | 54/58 | €6,072 | €4,461 | -€1,612 | -26.5% |
| Total equity and liabilities | 10/49 | €31,154 | €19,429 | -€11,724 | -37.6% |
| Equity | 10/15 | €20,259 | -€3,466 | -€23,724 | |
| Contributions | 10/11 | €101,500 | €101,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€81,241 | -€104,966 | -€23,724 | -29.2% |
| Amounts payable | 17/49 | €10,895 | €22,895 | +€12,000 | +110.1% |
| Amounts payable within one year | 42/48 | €10,895 | €22,895 | +€12,000 | +110.1% |
| Trade debts | 44 | €908 | €12,908 | +€12,000 | +1322.3% |
| Suppliers | 440/4 | €908 | €12,908 | +€12,000 | +1322.3% |
| Other amounts payable | 47/48 | €9,988 | €9,988 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €976 | €500 | -€476 | -48.8% |
| Other operating charges | 640/8 | €775 | €271 | -€504 | -65.1% |
| Gross operating margin | 9900 | -€12,039 | -€22,876 | -€10,837 | -90.0% |
| Operating profit (loss) | 9901 | -€13,790 | -€23,646 | -€9,857 | -71.5% |
| Financial charges | 65/66B | €77 | €78 | +€2 | +2.0% |
| Recurring financial charges | 65 | €77 | €78 | +€2 | +2.0% |
| Profit (loss) for the period before taxes | 9903 | -€13,866 | -€23,724 | -€9,858 | -71.1% |
| Profit (loss) for the period | 9904 | -€13,866 | -€23,724 | -€9,858 | -71.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,866 | -€23,724 | -€9,858 | -71.1% |
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 10 October 2026 via checked.be.