MLVF: 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.
MLVF
Largest movements
- Receivables within one year +€180,141
up €180,141 (+47.9%), from €376,360 to €556,501
of which Trade receivables: +€99,254
- Stocks and contracts -€8,248
down €8,248 (-67.9%), from €12,149 to €3,900
- Cash -€7,121
down €7,121 (-77.6%), from €9,175 to €2,054
mainly Receivables within one year (-€180,141) and Advances received (-€29,908)
- Trade debts +€134,716
up €134,716 (+223%), from €60,538 to €195,255
- Profit (loss) carried forward +€39,470
up €39,470 (+29.9%), from €132,205 to €171,676
- Advances received -€29,908
down €29,908 (-23.0%), from €129,837 to €99,929
- Tax, wage and social debts +€20,025
up €20,025 (+40.5%), from €49,503 to €69,529
of which Taxes: +€27,299
- Gross operating margin +€11,583
up €11,583 (+11.4%), from €101,716 to €113,299
- Taxes +€8,480
up €8,480 (+49.0%), from €17,300 to €25,780
- Staff costs -€2,053
down €2,053 (-4.4%), from €46,232 to €44,179
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.
Derived cash bridge
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 | €403,280 | €567,584 | +€164,304 | +40.7% |
| Fixed assets | 21/28 | €1,739 | €4,852 | +€3,113 | +179% |
| Tangible fixed assets | 22/27 | €1,025 | €4,138 | +€3,113 | +304% |
| Plant, machinery and equipment | 23 | €1,025 | €550 | -€474 | -46.3% |
| Furniture and vehicles | 24 | - | €3,588 | +€3,588 | |
| Financial fixed assets | 28 | €714 | €714 | = | 0.0% |
| Current assets | 29/58 | €401,541 | €562,732 | +€161,191 | +40.1% |
| Stocks and contracts in progress | 3 | €12,149 | €3,900 | -€8,248 | -67.9% |
| Stocks | 30/36 | €12,149 | €3,900 | -€8,248 | -67.9% |
| Amounts receivable within one year | 40/41 | €376,360 | €556,501 | +€180,141 | +47.9% |
| Trade receivables | 40 | €76,938 | €176,192 | +€99,254 | +129% |
| Other amounts receivable | 41 | €299,423 | €380,310 | +€80,887 | +27.0% |
| Cash at bank and in hand | 54/58 | €9,175 | €2,054 | -€7,121 | -77.6% |
| Deferred charges and accrued income | 490/1 | €3,857 | €277 | -€3,581 | -92.8% |
| Total equity and liabilities | 10/49 | €403,280 | €567,584 | +€164,304 | +40.7% |
| Equity | 10/15 | €159,705 | €199,176 | +€39,470 | +24.7% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Capital | 10 | €25,000 | €25,000 | = | 0.0% |
| Issued capital | 100 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €2,500 | €2,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,500 | €2,500 | = | 0.0% |
| Legal reserve | 130 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €132,205 | €171,676 | +€39,470 | +29.9% |
| Amounts payable | 17/49 | €243,575 | €368,409 | +€124,834 | +51.3% |
| Amounts payable within one year | 42/48 | €242,359 | €367,193 | +€124,834 | +51.5% |
| Current portion of amounts payable after more than one year | 42 | €2,481 | €2,481 | = | 0.0% |
| Trade debts | 44 | €60,538 | €195,255 | +€134,716 | +223% |
| Suppliers | 440/4 | €60,538 | €195,255 | +€134,716 | +223% |
| Advances received on contracts in progress | 46 | €129,837 | €99,929 | -€29,908 | -23.0% |
| Taxes, remuneration and social security | 45 | €49,503 | €69,529 | +€20,025 | +40.5% |
| Taxes | 450/3 | €36,783 | €64,082 | +€27,299 | +74.2% |
| Remuneration and social security | 454/9 | €12,720 | €5,446 | -€7,274 | -57.2% |
| Accrued charges and deferred income | 492/3 | €1,215 | €1,215 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €46,232 | €44,179 | -€2,053 | -4.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €538 | €1,130 | +€593 | +110% |
| Other operating charges | 640/8 | €1,487 | €2,269 | +€782 | +52.6% |
| Gross operating margin | 9900 | €101,716 | €113,299 | +€11,583 | +11.4% |
| Operating profit (loss) | 9901 | €53,459 | €65,721 | +€12,262 | +22.9% |
| Financial income | 75/76B | €0 | €8 | +€8 | +2,731% |
| Recurring financial income | 75 | €0 | €8 | +€8 | +2,731% |
| Financial charges | 65/66B | €576 | €479 | -€97 | -16.8% |
| Recurring financial charges | 65 | €576 | €479 | -€97 | -16.8% |
| Profit (loss) for the period before taxes | 9903 | €52,884 | €65,250 | +€12,367 | +23.4% |
| Income taxes | 67/77 | €17,300 | €25,780 | +€8,480 | +49.0% |
| Profit (loss) for the period | 9904 | €35,584 | €39,470 | +€3,887 | +10.9% |
| Profit (loss) for the period to be appropriated | 9905 | €35,584 | €39,470 | +€3,887 | +10.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.