MV: 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.
MV
Largest movements
- Intangible fixed assets +€16,670
new in 2025: €16,670
- Receivables within one year +€12,467
new in 2025: €12,467
of which Trade receivables: +€9,780
- Tangible fixed assets +€9,951
new in 2025: €9,951
of which Plant, machinery and equipment: +€8,111
- Cash -€2,385
down €2,385 (-47.7%), from €5,000 to €2,615
mainly Investment in fixed assets (net) (-€38,223) and Receivables within one year (-€12,467)
- Other debts +€34,754
new in 2025: €34,754
- Trade debts +€7,568
new in 2025: €7,568
- Profit (loss) carried forward -€7,259
new in 2025: -€7,259
- Short-term financial debts +€1,979
new in 2025: €1,979
- Depreciation +€11,602
new in 2025: €11,602
- Gross operating margin +€5,790
new in 2025: €5,790
- Other operating charges +€1,081
new in 2025: €1,081
- Financial charges +€575
new in 2025: €575
- Financial income +€209
new in 2025: €209
From the 2024 result to the 2025 result
The net result is not in both sets of accounts; without it the difference cannot be explained line by line.
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 | €5,000 | €42,042 | +€37,042 | +741% |
| Fixed assets | 21/28 | - | €26,621 | +€26,621 | |
| Intangible fixed assets | 21 | - | €16,670 | +€16,670 | |
| Tangible fixed assets | 22/27 | - | €9,951 | +€9,951 | |
| Plant, machinery and equipment | 23 | - | €8,111 | +€8,111 | |
| Furniture and vehicles | 24 | - | €1,841 | +€1,841 | |
| Current assets | 29/58 | €5,000 | €15,421 | +€10,421 | +208% |
| Amounts receivable within one year | 40/41 | - | €12,467 | +€12,467 | |
| Trade receivables | 40 | - | €9,780 | +€9,780 | |
| Other amounts receivable | 41 | - | €2,687 | +€2,687 | |
| Cash at bank and in hand | 54/58 | €5,000 | €2,615 | -€2,385 | -47.7% |
| Deferred charges and accrued income | 490/1 | - | €339 | +€339 | |
| Total equity and liabilities | 10/49 | €5,000 | €42,042 | +€37,042 | +741% |
| Equity | 10/15 | €5,000 | -€2,259 | -€7,259 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€7,259 | -€7,259 | |
| Amounts payable | 17/49 | - | €44,301 | +€44,301 | |
| Amounts payable within one year | 42/48 | - | €44,301 | +€44,301 | |
| Financial debts | 43 | - | €1,979 | +€1,979 | |
| Credit institutions | 430/8 | - | €1,979 | +€1,979 | |
| Trade debts | 44 | - | €7,568 | +€7,568 | |
| Suppliers | 440/4 | - | €7,568 | +€7,568 | |
| Other amounts payable | 47/48 | - | €34,754 | +€34,754 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €11,602 | +€11,602 | |
| Other operating charges | 640/8 | - | €1,081 | +€1,081 | |
| Gross operating margin | 9900 | - | €5,790 | +€5,790 | |
| Operating profit (loss) | 9901 | - | -€6,893 | -€6,893 | |
| Financial income | 75/76B | - | €209 | +€209 | |
| Recurring financial income | 75 | - | €209 | +€209 | |
| Financial charges | 65/66B | - | €575 | +€575 | |
| Recurring financial charges | 65 | - | €575 | +€575 | |
| Profit (loss) for the period before taxes | 9903 | - | -€7,259 | -€7,259 | |
| Profit (loss) for the period | 9904 | - | -€7,259 | -€7,259 | |
| Profit (loss) for the period to be appropriated | 9905 | - | -€7,259 | -€7,259 |
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 15 October 2026 via checked.be.