MNV Conseils: 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.
MNV Conseils
Largest movements
- Cash -€235,348
down €235,348 (-56.3%), from €418,112 to €182,764
mainly Other debts (-€214,243) and Contributions, distributions and other (-€203,180)
- Receivables within one year -€19,522
down €19,522 (-28.1%), from €69,566 to €50,044
- Other debts -€214,243
down €214,243 (-42.5%), from €504,379 to €290,137
- Reserves -€31,793
down €31,793 (-97.3%), from €32,664 to €871
of which Distributable reserves: -€31,793
- Tax, wage and social debts -€9,455
no longer reported in 2025 (was €9,455)
- Gross operating margin -€51,733
down €51,733 (-19.6%), from €264,395 to €212,662
- Taxes -€12,893
down €12,893 (-20.6%), from €62,558 to €49,665
- Other operating charges -€4,395
down €4,395 (-72.4%), from €6,066 to €1,671
- Depreciation +€3,362
up €3,362 (+87.4%), from €3,845 to €7,207
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 | €577,204 | €321,935 | -€255,269 | -44.2% |
| Fixed assets | 21/28 | €83,817 | €83,708 | -€109 | -0.1% |
| Tangible fixed assets | 22/27 | €78,817 | €78,708 | -€109 | -0.1% |
| Land and buildings | 22 | €51,464 | €51,085 | -€379 | -0.7% |
| Furniture and vehicles | 24 | €27,353 | €27,624 | +€270 | +1.0% |
| Financial fixed assets | 28 | €5,000 | €5,000 | = | 0.0% |
| Current assets | 29/58 | €493,386 | €238,227 | -€255,160 | -51.7% |
| Amounts receivable after more than one year | 29 | €5,000 | €5,000 | = | 0.0% |
| Other amounts receivable | 291 | €5,000 | €5,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €69,566 | €50,044 | -€19,522 | -28.1% |
| Other amounts receivable | 41 | €69,566 | €50,044 | -€19,522 | -28.1% |
| Cash at bank and in hand | 54/58 | €418,112 | €182,764 | -€235,348 | -56.3% |
| Deferred charges and accrued income | 490/1 | €709 | €419 | -€290 | -40.9% |
| Total equity and liabilities | 10/49 | €577,204 | €321,935 | -€255,269 | -44.2% |
| Equity | 10/15 | €51,214 | €19,421 | -€31,793 | -62.1% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Contributions outside capital | 11 | €18,550 | - | -€18,550 | |
| Other | 1109/19 | €18,550 | - | -€18,550 | |
| Reserves | 13 | €32,664 | €871 | -€31,793 | -97.3% |
| Non-distributable reserves | 130/1 | €871 | €871 | = | 0.0% |
| Reserves not available under the articles | 1311 | €871 | €871 | = | 0.0% |
| Distributable reserves | 133 | €31,793 | - | -€31,793 | |
| Amounts payable | 17/49 | €525,989 | €302,514 | -€223,475 | -42.5% |
| Amounts payable within one year | 42/48 | €525,989 | €302,514 | -€223,475 | -42.5% |
| Trade debts | 44 | €12,155 | €12,377 | +€222 | +1.8% |
| Suppliers | 440/4 | €12,155 | €12,377 | +€222 | +1.8% |
| Taxes, remuneration and social security | 45 | €9,455 | - | -€9,455 | |
| Taxes | 450/3 | €9,455 | - | -€9,455 | |
| Other amounts payable | 47/48 | €504,379 | €290,137 | -€214,243 | -42.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,845 | €7,207 | +€3,362 | +87.4% |
| Other operating charges | 640/8 | €6,066 | €1,671 | -€4,395 | -72.4% |
| Gross operating margin | 9900 | €264,395 | €212,662 | -€51,733 | -19.6% |
| Operating profit (loss) | 9901 | €254,484 | €203,784 | -€50,700 | -19.9% |
| Financial income | 75/76B | €23,979 | €24,216 | +€237 | +1.0% |
| Recurring financial income | 75 | €23,979 | €24,216 | +€237 | +1.0% |
| Financial charges | 65/66B | €5,327 | €6,949 | +€1,622 | +30.4% |
| Recurring financial charges | 65 | €5,327 | €6,949 | +€1,622 | +30.4% |
| Profit (loss) for the period before taxes | 9903 | €273,135 | €221,051 | -€52,084 | -19.1% |
| Income taxes | 67/77 | €62,558 | €49,665 | -€12,893 | -20.6% |
| Profit (loss) for the period | 9904 | €210,577 | €171,387 | -€39,191 | -18.6% |
| Profit (loss) for the period to be appropriated | 9905 | €210,577 | €171,387 | -€39,191 | -18.6% |
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.