MV Advisory: 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.
MV Advisory
Largest movements
- Cash +€52,613
up €52,613 (+44.0%), from €119,466 to €172,078
mainly Other debts (+€154,048) and Net result for the year (+€64,119)
- Receivables within one year -€24,188
down €24,188 (-48.5%), from €49,839 to €25,652
of which Trade receivables: -€27,363
- Current investments +€10,460
new in 2025: €10,460
- Tangible fixed assets +€4,737
up €4,737 (+573.7%), from €826 to €5,562
of which Plant, machinery and equipment: +€5,191
- Other debts +€154,048
up €154,048 (+6592.6%), from €2,337 to €156,385
- Profit (loss) carried forward -€105,881
down €105,881 (-72.6%), from €145,838 to €39,957
- Trade debts -€4,480
down €4,480 (-52.8%), from €8,479 to €3,999
- Tax, wage and social debts +€2,937
up €2,937 (+19.6%), from €14,991 to €17,928
- Accrued charges and deferred income -€2,278
down €2,278 (-100.0%), from €2,278 to €0
- Gross operating margin +€80,176
up €80,176 (+459.4%), from €17,454 to €97,630
- Taxes +€17,390
up €17,390 (+322.8%), from €5,387 to €22,776
- Other operating charges +€5,735
up €5,735 (+509.1%), from €1,126 to €6,861
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 | €176,422 | €220,769 | +€44,346 | +25.1% |
| Fixed assets | 21/28 | €3,811 | €8,547 | +€4,737 | +124.3% |
| Tangible fixed assets | 22/27 | €826 | €5,562 | +€4,737 | +573.7% |
| Plant, machinery and equipment | 23 | - | €5,191 | +€5,191 | |
| Furniture and vehicles | 24 | €826 | €371 | -€454 | -55.0% |
| Financial fixed assets | 28 | €2,985 | €2,985 | = | 0.0% |
| Current assets | 29/58 | €172,612 | €212,221 | +€39,610 | +22.9% |
| Amounts receivable within one year | 40/41 | €49,839 | €25,652 | -€24,188 | -48.5% |
| Trade receivables | 40 | €48,663 | €21,300 | -€27,363 | -56.2% |
| Other amounts receivable | 41 | €1,176 | €4,351 | +€3,175 | +269.9% |
| Current investments | 50/53 | - | €10,460 | +€10,460 | |
| Cash at bank and in hand | 54/58 | €119,466 | €172,078 | +€52,613 | +44.0% |
| Deferred charges and accrued income | 490/1 | €3,307 | €4,031 | +€725 | +21.9% |
| Total equity and liabilities | 10/49 | €176,422 | €220,769 | +€44,346 | +25.1% |
| Equity | 10/15 | €148,338 | €42,457 | -€105,881 | -71.4% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €145,838 | €39,957 | -€105,881 | -72.6% |
| Amounts payable | 17/49 | €28,084 | €178,311 | +€150,227 | +534.9% |
| Amounts payable within one year | 42/48 | €25,806 | €178,311 | +€152,505 | +591.0% |
| Trade debts | 44 | €8,479 | €3,999 | -€4,480 | -52.8% |
| Suppliers | 440/4 | €8,479 | €3,999 | -€4,480 | -52.8% |
| Taxes, remuneration and social security | 45 | €14,991 | €17,928 | +€2,937 | +19.6% |
| Taxes | 450/3 | €14,991 | €17,928 | +€2,937 | +19.6% |
| Other amounts payable | 47/48 | €2,337 | €156,385 | +€154,048 | +6592.6% |
| Accrued charges and deferred income | 492/3 | €2,278 | €0 | -€2,278 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €798 | €1,062 | +€264 | +33.1% |
| Other operating charges | 640/8 | €1,126 | €6,861 | +€5,735 | +509.1% |
| Gross operating margin | 9900 | €17,454 | €97,630 | +€80,176 | +459.4% |
| Operating profit (loss) | 9901 | €15,530 | €89,707 | +€74,178 | +477.6% |
| Financial income | 75/76B | €0 | €3 | +€3 | +3310.0% |
| Recurring financial income | 75 | €0 | €3 | +€3 | +3310.0% |
| Financial charges | 65/66B | €2,779 | €2,815 | +€37 | +1.3% |
| Recurring financial charges | 65 | €2,779 | €2,815 | +€37 | +1.3% |
| Profit (loss) for the period before taxes | 9903 | €12,751 | €86,895 | +€74,144 | +581.5% |
| Income taxes | 67/77 | €5,387 | €22,776 | +€17,390 | +322.8% |
| Profit (loss) for the period | 9904 | €7,365 | €64,119 | +€56,755 | +770.7% |
| Profit (loss) for the period to be appropriated | 9905 | €7,365 | €64,119 | +€56,755 | +770.7% |
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 7 October 2026 via checked.be.