MV Art: 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 Art
Largest movements
- Receivables within one year +€443,551
up €443,551 (+1094.4%), from €40,528 to €484,078
of which Trade receivables: +€418,630
- Stocks and contracts -€79,202
down €79,202 (-100.0%), from €79,202 to €0
- Deferred charges and accrued income +€28,555
new in 2025: €28,555
- Cash +€18,539
up €18,539 (+210666.1%), from €9 to €18,547
mainly Other debts (+€516,128) and Stocks and contracts (+€79,202)
- Tangible fixed assets +€9,869
up €9,869 (+12.0%), from €82,129 to €91,998
of which Other tangible fixed assets: +€7,799
- Other debts +€516,128
up €516,128 (+30.7%), from €1.7m to €2.2m
- Profit (loss) carried forward -€93,551
down €93,551 (-5.9%), from -€1.6m to -€1.7m
- Gross operating margin +€696,547
up €696,547, from -€546,454 to €150,093
- Depreciation +€13,204
up €13,204 (+114.2%), from €11,558 to €24,762
- Staff costs -€13,001
down €13,001 (-5.7%), from €228,530 to €215,529
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 | €206,159 | €626,470 | +€420,311 | +203.9% |
| Fixed assets | 21/28 | €86,420 | €95,289 | +€8,869 | +10.3% |
| Intangible fixed assets | 21 | €3,241 | €2,241 | -€1,000 | -30.9% |
| Tangible fixed assets | 22/27 | €82,129 | €91,998 | +€9,869 | +12.0% |
| Plant, machinery and equipment | 23 | €72,710 | €73,343 | +€632 | +0.9% |
| Furniture and vehicles | 24 | €9,419 | €10,857 | +€1,438 | +15.3% |
| Other tangible fixed assets | 26 | - | €7,799 | +€7,799 | |
| Financial fixed assets | 28 | €1,050 | €1,050 | = | 0.0% |
| Current assets | 29/58 | €119,739 | €531,181 | +€411,442 | +343.6% |
| Stocks and contracts in progress | 3 | €79,202 | €0 | -€79,202 | -100.0% |
| Stocks | 30/36 | €79,202 | €0 | -€79,202 | -100.0% |
| Amounts receivable within one year | 40/41 | €40,528 | €484,078 | +€443,551 | +1094.4% |
| Trade receivables | 40 | €8,000 | €426,630 | +€418,630 | +5232.9% |
| Other amounts receivable | 41 | €32,528 | €57,449 | +€24,921 | +76.6% |
| Cash at bank and in hand | 54/58 | €9 | €18,547 | +€18,539 | +210666.1% |
| Deferred charges and accrued income | 490/1 | - | €28,555 | +€28,555 | |
| Total equity and liabilities | 10/49 | €206,159 | €626,470 | +€420,311 | +203.9% |
| Equity | 10/15 | -€1,585,748 | -€1,679,299 | -€93,551 | -5.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,588,748 | -€1,682,299 | -€93,551 | -5.9% |
| Amounts payable | 17/49 | €1,791,907 | €2,305,770 | +€513,863 | +28.7% |
| Amounts payable within one year | 42/48 | €1,791,907 | €2,305,770 | +€513,863 | +28.7% |
| Trade debts | 44 | €82,384 | €83,259 | +€875 | +1.1% |
| Suppliers | 440/4 | €82,384 | €83,259 | +€875 | +1.1% |
| Taxes, remuneration and social security | 45 | €26,589 | €23,449 | -€3,141 | -11.8% |
| Taxes | 450/3 | €286 | €286 | = | 0.0% |
| Remuneration and social security | 454/9 | €26,304 | €23,163 | -€3,141 | -11.9% |
| Other amounts payable | 47/48 | €1,682,934 | €2,199,062 | +€516,128 | +30.7% |
| Remuneration, social security and pensions | 62 | €228,530 | €215,529 | -€13,001 | -5.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,558 | €24,762 | +€13,204 | +114.2% |
| Other operating charges | 640/8 | €716 | €1,348 | +€633 | +88.4% |
| Gross operating margin | 9900 | -€546,454 | €150,093 | +€696,547 | |
| Operating profit (loss) | 9901 | -€787,258 | -€91,546 | +€695,711 | +88.4% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €657 | €2,005 | +€1,347 | +205.0% |
| Recurring financial charges | 65 | €657 | €2,005 | +€1,347 | +205.0% |
| Profit (loss) for the period before taxes | 9903 | -€787,915 | -€93,551 | +€694,364 | +88.1% |
| Income taxes | 67/77 | €286 | €0 | -€286 | -100.0% |
| Profit (loss) for the period | 9904 | -€788,201 | -€93,551 | +€694,650 | +88.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€788,201 | -€93,551 | +€694,650 | +88.1% |
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.