MTV SERVICES: 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.
MTV SERVICES
Largest movements
- Current investments +€100,000
new in 2025: €100,000
- Cash -€86,566
down €86,566 (-62.6%), from €138,305 to €51,740
mainly Current investments (-€100,000) and Investment in fixed assets (net) (-€34,035)
- Receivables within one year -€16,092
down €16,092 (-43.5%), from €36,999 to €20,907
of which Trade receivables: -€13,181
- Tangible fixed assets +€4,264
up €4,264 (+5.4%), from €79,216 to €83,481
of which Leasing and similar rights: +€18,685
- Profit (loss) carried forward +€24,441
up €24,441 (+20.1%), from €121,741 to €146,182
- Current portion of long-term debt -€15,624
down €15,624 (-39.3%), from €39,720 to €24,096
- Debts after one year -€8,274
down €8,274 (-45.0%), from €18,384 to €10,109
- Trade debts +€7,517
up €7,517 (+67.1%), from €11,200 to €18,717
- Other debts -€4,821
down €4,821 (-10.7%), from €45,155 to €40,334
- Write-downs -€62,757
down €62,757 (-80.1%), from €78,301 to €15,544
- Gross operating margin -€44,482
down €44,482 (-20.2%), from €219,809 to €175,327
- Depreciation -€14,742
down €14,742 (-33.1%), from €44,513 to €29,771
- Other operating charges -€11,230
down €11,230 (-70.7%), from €15,876 to €4,646
- Staff costs +€8,093
up €8,093 (+10.1%), from €79,995 to €88,087
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 | €262,498 | €266,761 | +€4,263 | +1.6% |
| Fixed assets | 21/28 | €79,216 | €83,481 | +€4,264 | +5.4% |
| Tangible fixed assets | 22/27 | €79,216 | €83,481 | +€4,264 | +5.4% |
| Land and buildings | 22 | €23,000 | €23,000 | = | 0.0% |
| Plant, machinery and equipment | 23 | €27,754 | €14,411 | -€13,343 | -48.1% |
| Furniture and vehicles | 24 | €28,462 | €27,384 | -€1,079 | -3.8% |
| Leasing and similar rights | 25 | - | €18,685 | +€18,685 | |
| Current assets | 29/58 | €183,282 | €183,281 | -€2 | 0.0% |
| Amounts receivable within one year | 40/41 | €36,999 | €20,907 | -€16,092 | -43.5% |
| Trade receivables | 40 | €30,719 | €17,537 | -€13,181 | -42.9% |
| Other amounts receivable | 41 | €6,280 | €3,369 | -€2,911 | -46.3% |
| Current investments | 50/53 | - | €100,000 | +€100,000 | |
| Cash at bank and in hand | 54/58 | €138,305 | €51,740 | -€86,566 | -62.6% |
| Deferred charges and accrued income | 490/1 | €7,978 | €10,634 | +€2,656 | +33.3% |
| Total equity and liabilities | 10/49 | €262,498 | €266,761 | +€4,263 | +1.6% |
| Equity | 10/15 | €142,201 | €166,642 | +€24,441 | +17.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Outside capital | 11 | €18,600 | - | -€18,600 | |
| Other | 1109/19 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | - | -€1,860 | |
| Other | 1319 | - | €1,860 | +€1,860 | |
| Profit (loss) carried forward | 14 | €121,741 | €146,182 | +€24,441 | +20.1% |
| Amounts payable | 17/49 | €120,297 | €100,119 | -€20,178 | -16.8% |
| Amounts payable after more than one year | 17 | €18,384 | €10,109 | -€8,274 | -45.0% |
| Financial debts | 170/4 | €18,384 | €10,109 | -€8,274 | -45.0% |
| Amounts payable within one year | 42/48 | €101,913 | €90,009 | -€11,904 | -11.7% |
| Current portion of amounts payable after more than one year | 42 | €39,720 | €24,096 | -€15,624 | -39.3% |
| Trade debts | 44 | €11,200 | €18,717 | +€7,517 | +67.1% |
| Suppliers | 440/4 | €11,200 | €18,717 | +€7,517 | +67.1% |
| Taxes, remuneration and social security | 45 | €5,838 | €6,861 | +€1,023 | +17.5% |
| Taxes | 450/3 | €3,770 | €4,351 | +€581 | +15.4% |
| Remuneration and social security | 454/9 | €2,068 | €2,511 | +€443 | +21.4% |
| Other amounts payable | 47/48 | €45,155 | €40,334 | -€4,821 | -10.7% |
| Remuneration, social security and pensions | 62 | €79,995 | €88,087 | +€8,093 | +10.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,513 | €29,771 | -€14,742 | -33.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €78,301 | €15,544 | -€62,757 | -80.1% |
| Other operating charges | 640/8 | €15,876 | €4,646 | -€11,230 | -70.7% |
| Gross operating margin | 9900 | €219,809 | €175,327 | -€44,482 | -20.2% |
| Operating profit (loss) | 9901 | €1,125 | €37,278 | +€36,153 | +3214.4% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €3,132 | €2,257 | -€876 | -28.0% |
| Recurring financial charges | 65 | €3,132 | €2,257 | -€876 | -28.0% |
| Profit (loss) for the period before taxes | 9903 | -€2,007 | €35,022 | +€37,029 | |
| Income taxes | 67/77 | €3,996 | €10,581 | +€6,585 | +164.8% |
| Profit (loss) for the period | 9904 | -€6,003 | €24,441 | +€30,444 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,003 | €24,441 | +€30,444 |
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 8 October 2026 via checked.be.