MLV GROUP: 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.
MLV GROUP
Largest movements
- Receivables within one year +€20,242
up €20,242 (+101.9%), from €19,868 to €40,110
of which Trade receivables: +€20,242
- Cash +€5,302
up €5,302 (+76.9%), from €6,891 to €12,193
mainly Net result for the year (+€28,368) and Tax, wage and social debts (+€4,645)
- Tangible fixed assets -€3,303
down €3,303 (-100.0%), from €3,303 to €0
- Profit (loss) carried forward +€28,368
up €28,368 (+13.7%), from -€206,623 to -€178,255
- Other debts -€11,467
down €11,467 (-49.2%), from €23,298 to €11,831
- Tax, wage and social debts +€4,645
up €4,645 (+100.8%), from €4,606 to €9,251
of which Taxes: +€4,645
- Turnover +€35,063
up €35,063 (+49.7%), from €70,588 to €105,651
- Purchases and services +€22,419
up €22,419 (+39.8%), from €56,294 to €78,713
- Gross operating margin +€20,715
up €20,715 (+122.1%), from €16,959 to €37,674
- Taxes +€4,701
up €4,701 (+1899.1%), from €248 to €4,949
- Depreciation +€2,421
up €2,421 (+274.8%), from €881 to €3,303
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €30,936 | €52,757 | +€21,822 | +70.5% |
| Fixed assets | 21/28 | €3,603 | €300 | -€3,303 | -91.7% |
| Tangible fixed assets | 22/27 | €3,303 | €0 | -€3,303 | -100.0% |
| Furniture and vehicles | 24 | €3,303 | €0 | -€3,303 | -100.0% |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €27,333 | €52,457 | +€25,124 | +91.9% |
| Amounts receivable within one year | 40/41 | €19,868 | €40,110 | +€20,242 | +101.9% |
| Trade receivables | 40 | €19,844 | €40,086 | +€20,242 | +102.0% |
| Other amounts receivable | 41 | €24 | €24 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €6,891 | €12,193 | +€5,302 | +76.9% |
| Deferred charges and accrued income | 490/1 | €574 | €155 | -€419 | -73.0% |
| Total equity and liabilities | 10/49 | €30,936 | €52,757 | +€21,822 | +70.5% |
| Equity | 10/15 | €2,069 | €30,437 | +€28,368 | +1371.1% |
| Contributions | 10/11 | €208,692 | €208,692 | = | 0.0% |
| Outside capital | 11 | €208,692 | - | -€208,692 | |
| Other | 1109/19 | €208,692 | - | -€208,692 | |
| Profit (loss) carried forward | 14 | -€206,623 | -€178,255 | +€28,368 | +13.7% |
| Amounts payable | 17/49 | €28,867 | €22,321 | -€6,546 | -22.7% |
| Amounts payable within one year | 42/48 | €28,867 | €22,321 | -€6,546 | -22.7% |
| Trade debts | 44 | €962 | €1,238 | +€276 | +28.7% |
| Suppliers | 440/4 | €962 | €1,238 | +€276 | +28.7% |
| Taxes, remuneration and social security | 45 | €4,606 | €9,251 | +€4,645 | +100.8% |
| Taxes | 450/3 | €4,506 | €9,151 | +€4,645 | +103.1% |
| Remuneration and social security | 454/9 | €100 | €100 | = | 0.0% |
| Other amounts payable | 47/48 | €23,298 | €11,831 | -€11,467 | -49.2% |
| Turnover | 70 | €70,588 | €105,651 | +€35,063 | +49.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €56,294 | €78,713 | +€22,419 | +39.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €881 | €3,303 | +€2,421 | +274.8% |
| Other operating charges | 640/8 | €1,429 | €606 | -€823 | -57.6% |
| Non-recurring operating charges | 66A | €63 | - | -€63 | |
| Gross operating margin | 9900 | €16,959 | €37,674 | +€20,715 | +122.1% |
| Operating profit (loss) | 9901 | €14,585 | €33,766 | +€19,180 | +131.5% |
| Financial income | 75/76B | €246 | €18 | -€229 | -92.9% |
| Recurring financial income | 75 | €246 | €18 | -€229 | -92.9% |
| Financial charges | 65/66B | €245 | €467 | +€221 | +90.2% |
| Recurring financial charges | 65 | €245 | €467 | +€221 | +90.2% |
| Profit (loss) for the period before taxes | 9903 | €14,586 | €33,317 | +€18,730 | +128.4% |
| Income taxes | 67/77 | €248 | €4,949 | +€4,701 | +1899.1% |
| Profit (loss) for the period | 9904 | €14,339 | €28,368 | +€14,029 | +97.8% |
| Profit (loss) for the period to be appropriated | 9905 | €14,339 | €28,368 | +€14,029 | +97.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 January 2025 and 31 January 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.