MMVH: 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.
MMVH
Largest movements
- Tangible fixed assets -€4,928
down €4,928 (-2.7%), from €180,072 to €175,143
- Receivables within one year +€2,484
up €2,484 (+67.1%), from €3,704 to €6,188
- Profit (loss) carried forward -€2,137
down €2,137 (-33.2%), from -€6,426 to -€8,563
- Other debts +€2,100
up €2,100 (+1.1%), from €185,000 to €187,100
- Trade debts -€1,950
no longer reported in 2025 (was €1,950)
- Gross operating margin +€3,437
up €3,437 (+1199.4%), from €287 to €3,724
- Other operating charges -€832
down €832 (-55.6%), from €1,497 to €665
- Depreciation -€208
down €208 (-3.8%), from €5,403 to €5,196
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 | €184,274 | €181,556 | -€2,719 | -1.5% |
| Formation expenses | 20 | €267 | €0 | -€267 | -100.0% |
| Fixed assets | 21/28 | €180,072 | €175,143 | -€4,928 | -2.7% |
| Tangible fixed assets | 22/27 | €180,072 | €175,143 | -€4,928 | -2.7% |
| Land and buildings | 22 | €180,072 | €175,143 | -€4,928 | -2.7% |
| Current assets | 29/58 | €3,936 | €6,413 | +€2,477 | +62.9% |
| Amounts receivable within one year | 40/41 | €3,704 | €6,188 | +€2,484 | +67.1% |
| Trade receivables | 40 | €3,704 | €6,188 | +€2,484 | +67.1% |
| Cash at bank and in hand | 54/58 | €232 | €225 | -€7 | -3.1% |
| Total equity and liabilities | 10/49 | €184,274 | €181,556 | -€2,719 | -1.5% |
| Equity | 10/15 | -€3,426 | -€5,563 | -€2,137 | -62.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,426 | -€8,563 | -€2,137 | -33.2% |
| Amounts payable | 17/49 | €187,701 | €187,119 | -€582 | -0.3% |
| Amounts payable after more than one year | 17 | €732 | - | -€732 | |
| Other amounts payable | 178/9 | €732 | - | -€732 | |
| Amounts payable within one year | 42/48 | €186,969 | €187,119 | +€150 | +0.1% |
| Trade debts | 44 | €1,950 | - | -€1,950 | |
| Bills of exchange payable | 441 | €1,950 | - | -€1,950 | |
| Taxes, remuneration and social security | 45 | €19 | €19 | = | 0.0% |
| Taxes | 450/3 | €19 | €19 | = | 0.0% |
| Other amounts payable | 47/48 | €185,000 | €187,100 | +€2,100 | +1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,403 | €5,196 | -€208 | -3.8% |
| Other operating charges | 640/8 | €1,497 | €665 | -€832 | -55.6% |
| Gross operating margin | 9900 | €287 | €3,724 | +€3,437 | +1199.4% |
| Operating profit (loss) | 9901 | -€6,614 | -€2,137 | +€4,477 | +67.7% |
| Profit (loss) for the period before taxes | 9903 | -€6,614 | -€2,137 | +€4,477 | +67.7% |
| Profit (loss) for the period | 9904 | -€6,614 | -€2,137 | +€4,477 | +67.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,614 | -€2,137 | +€4,477 | +67.7% |
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 11 October 2026 via checked.be.