Montagebedrijf MVB: 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.
Montagebedrijf MVB
Largest movements
- Tangible fixed assets -€320,253
down €320,253 (-52.2%), from €613,758 to €293,505
of which Land and buildings: -€289,733
- Cash +€43,716
up €43,716 (+180%), from €24,339 to €68,054
mainly Investment in fixed assets (net) (+€289,358) and Net result for the year (+€54,389)
- Receivables within one year +€17,754
up €17,754 (+47.2%), from €37,588 to €55,342
of which Other amounts receivable: +€14,824
- Debts after one year -€230,585
down €230,585 (-57.4%), from €401,415 to €170,831
of which Financial debts: -€215,180
- Current portion of long-term debt -€55,595
down €55,595 (-59.1%), from €94,036 to €38,440
- Reserves +€42,350
up €42,350 (+27.7%), from €152,991 to €195,341
of which Distributable reserves: +€42,350
- Tax, wage and social debts -€13,588
no longer reported in 2025 (was €13,588)
of which Taxes: -€10,788
- Gross operating margin +€18,988
up €18,988 (+19.0%), from €99,905 to €118,893
- Depreciation -€9,657
down €9,657 (-23.8%), from €40,552 to €30,895
- Financial income -€8,002
down €8,002 (-86.5%), from €9,254 to €1,253
- Taxes +€7,533
up €7,533 (+53.1%), from €14,181 to €21,714
- Financial charges -€6,320
down €6,320 (-37.3%), from €16,930 to €10,610
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.
Derived cash bridge
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 | €702,350 | €444,160 | -€258,189 | -36.8% |
| Fixed assets | 21/28 | €613,936 | €293,683 | -€320,253 | -52.2% |
| Tangible fixed assets | 22/27 | €613,758 | €293,505 | -€320,253 | -52.2% |
| Land and buildings | 22 | €551,525 | €261,792 | -€289,733 | -52.5% |
| Plant, machinery and equipment | 23 | €7,774 | €4,440 | -€3,334 | -42.9% |
| Furniture and vehicles | 24 | €52,122 | €25,521 | -€26,601 | -51.0% |
| Other tangible fixed assets | 26 | €2,337 | €1,753 | -€584 | -25.0% |
| Financial fixed assets | 28 | €177 | €177 | = | 0.0% |
| Current assets | 29/58 | €88,414 | €150,477 | +€62,063 | +70.2% |
| Stocks and contracts in progress | 3 | €25,541 | €26,101 | +€560 | +2.2% |
| Stocks | 30/36 | €25,541 | €26,101 | +€560 | +2.2% |
| Amounts receivable within one year | 40/41 | €37,588 | €55,342 | +€17,754 | +47.2% |
| Trade receivables | 40 | €37,588 | €40,518 | +€2,930 | +7.8% |
| Other amounts receivable | 41 | - | €14,824 | +€14,824 | |
| Cash at bank and in hand | 54/58 | €24,339 | €68,054 | +€43,716 | +180% |
| Deferred charges and accrued income | 490/1 | €947 | €980 | +€33 | +3.5% |
| Total equity and liabilities | 10/49 | €702,350 | €444,160 | -€258,189 | -36.8% |
| Equity | 10/15 | €159,259 | €201,648 | +€42,389 | +26.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €152,991 | €195,341 | +€42,350 | +27.7% |
| Tax-exempt reserves | 132 | €5,309 | €5,309 | = | 0.0% |
| Distributable reserves | 133 | €147,681 | €190,031 | +€42,350 | +28.7% |
| Profit (loss) carried forward | 14 | €68 | €107 | +€39 | +57.8% |
| Amounts payable | 17/49 | €543,091 | €242,512 | -€300,579 | -55.3% |
| Amounts payable after more than one year | 17 | €401,415 | €170,831 | -€230,585 | -57.4% |
| Financial debts | 170/4 | €367,380 | €152,200 | -€215,180 | -58.6% |
| Trade debts | 175 | €34,035 | €18,631 | -€15,405 | -45.3% |
| Amounts payable within one year | 42/48 | €141,676 | €71,682 | -€69,994 | -49.4% |
| Current portion of amounts payable after more than one year | 42 | €94,036 | €38,440 | -€55,595 | -59.1% |
| Trade debts | 44 | €31,296 | €31,833 | +€537 | +1.7% |
| Suppliers | 440/4 | €31,296 | €31,833 | +€537 | +1.7% |
| Taxes, remuneration and social security | 45 | €13,588 | - | -€13,588 | |
| Taxes | 450/3 | €10,788 | - | -€10,788 | |
| Remuneration and social security | 454/9 | €2,800 | - | -€2,800 | |
| Other amounts payable | 47/48 | €2,756 | €1,409 | -€1,348 | -48.9% |
| Non-recurring operating income | 76A | - | €19,242 | +€19,242 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,552 | €30,895 | -€9,657 | -23.8% |
| Other operating charges | 640/8 | €1,615 | €1,683 | +€68 | +4.2% |
| Non-recurring operating charges | 66A | €952 | €854 | -€98 | -10.3% |
| Gross operating margin | 9900 | €99,905 | €118,893 | +€18,988 | +19.0% |
| Operating profit (loss) | 9901 | €56,786 | €85,461 | +€28,675 | +50.5% |
| Financial income | 75/76B | €9,254 | €1,253 | -€8,002 | -86.5% |
| Recurring financial income | 75 | €9,254 | €1,253 | -€8,002 | -86.5% |
| Financial charges | 65/66B | €16,930 | €10,610 | -€6,320 | -37.3% |
| Recurring financial charges | 65 | €16,930 | €10,610 | -€6,320 | -37.3% |
| Profit (loss) for the period before taxes | 9903 | €49,110 | €76,104 | +€26,994 | +55.0% |
| Income taxes | 67/77 | €14,181 | €21,714 | +€7,533 | +53.1% |
| Profit (loss) for the period | 9904 | €34,929 | €54,389 | +€19,460 | +55.7% |
| Profit (loss) for the period to be appropriated | 9905 | €34,929 | €54,389 | +€19,460 | +55.7% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.