MMVS: 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.
MMVS
Largest movements
- Tangible fixed assets -€16,328
down €16,328 (-3.2%), from €514,344 to €498,017
of which Land and buildings: -€17,038
- Receivables within one year -€6,615
down €6,615 (-15.9%), from €41,501 to €34,887
of which Other amounts receivable: -€13,467
- Debts after one year -€20,563
down €20,563 (-9.1%), from €225,091 to €204,528
- Profit (loss) carried forward +€20,101
up €20,101 (+36.2%), from -€55,578 to -€35,477
- Other debts -€16,501
down €16,501 (-4.5%), from €365,234 to €348,733
- Trade debts -€7,222
down €7,222 (-64.3%), from €11,239 to €4,016
- Gross operating margin +€11,281
up €11,281 (+31.1%), from €36,272 to €47,554
- Depreciation +€1,244
up €1,244 (+6.7%), from €18,435 to €19,679
- Financial charges -€634
down €634 (-13.5%), from €4,699 to €4,065
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 | €573,881 | €548,563 | -€25,318 | -4.4% |
| Fixed assets | 21/28 | €518,844 | €502,517 | -€16,328 | -3.1% |
| Tangible fixed assets | 22/27 | €514,344 | €498,017 | -€16,328 | -3.2% |
| Land and buildings | 22 | €511,165 | €494,128 | -€17,038 | -3.3% |
| Furniture and vehicles | 24 | €3,179 | €3,889 | +€710 | +22.3% |
| Financial fixed assets | 28 | €4,500 | €4,500 | = | 0.0% |
| Current assets | 29/58 | €55,037 | €46,047 | -€8,990 | -16.3% |
| Amounts receivable within one year | 40/41 | €41,501 | €34,887 | -€6,615 | -15.9% |
| Trade receivables | 40 | €23,956 | €30,808 | +€6,852 | +28.6% |
| Other amounts receivable | 41 | €17,545 | €4,079 | -€13,467 | -76.8% |
| Cash at bank and in hand | 54/58 | €9,892 | €11,011 | +€1,120 | +11.3% |
| Deferred charges and accrued income | 490/1 | €3,644 | €149 | -€3,496 | -95.9% |
| Total equity and liabilities | 10/49 | €573,881 | €548,563 | -€25,318 | -4.4% |
| Equity | 10/15 | -€49,378 | -€29,277 | +€20,101 | +40.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€55,578 | -€35,477 | +€20,101 | +36.2% |
| Amounts payable | 17/49 | €623,259 | €577,841 | -€45,418 | -7.3% |
| Amounts payable after more than one year | 17 | €225,091 | €204,528 | -€20,563 | -9.1% |
| Financial debts | 170/4 | €225,091 | €204,528 | -€20,563 | -9.1% |
| Amounts payable within one year | 42/48 | €396,941 | €373,312 | -€23,629 | -6.0% |
| Current portion of amounts payable after more than one year | 42 | €20,239 | €20,563 | +€324 | +1.6% |
| Trade debts | 44 | €11,239 | €4,016 | -€7,222 | -64.3% |
| Suppliers | 440/4 | €11,239 | €4,016 | -€7,222 | -64.3% |
| Taxes, remuneration and social security | 45 | €230 | - | -€230 | |
| Taxes | 450/3 | €230 | - | -€230 | |
| Other amounts payable | 47/48 | €365,234 | €348,733 | -€16,501 | -4.5% |
| Accrued charges and deferred income | 492/3 | €1,227 | - | -€1,227 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,435 | €19,679 | +€1,244 | +6.7% |
| Other operating charges | 640/8 | €3,706 | €3,709 | +€2 | +0.1% |
| Gross operating margin | 9900 | €36,272 | €47,554 | +€11,281 | +31.1% |
| Operating profit (loss) | 9901 | €14,131 | €24,166 | +€10,035 | +71.0% |
| Financial income | 75/76B | €34 | - | -€34 | |
| Recurring financial income | 75 | €34 | - | -€34 | |
| Financial charges | 65/66B | €4,699 | €4,065 | -€634 | -13.5% |
| Recurring financial charges | 65 | €4,699 | €4,065 | -€634 | -13.5% |
| Profit (loss) for the period before taxes | 9903 | €9,465 | €20,101 | +€10,635 | +112.4% |
| Profit (loss) for the period | 9904 | €9,465 | €20,101 | +€10,635 | +112.4% |
| Profit (loss) for the period to be appropriated | 9905 | €9,465 | €20,101 | +€10,635 | +112.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.