MV Automation: 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 Automation
Largest movements
- Receivables within one year +€373,004
up €373,004 (+165%), from €225,817 to €598,821
of which Trade receivables: +€373,786
- Tangible fixed assets -€11,116
down €11,116 (-23.2%), from €47,865 to €36,748
- Trade debts +€209,433
up €209,433 (+254%), from €82,315 to €291,747
- Current portion of long-term debt +€110,002
up €110,002 (+433%), from €25,398 to €135,400
- Tax, wage and social debts +€32,981
up €32,981 (+43.8%), from €75,283 to €108,264
of which Taxes: +€32,094
- Reserves +€11,537
up €11,537 (+9.3%), from €124,703 to €136,240
- Staff costs -€75,262
down €75,262 (-32.6%), from €230,942 to €155,680
- Gross operating margin -€66,634
down €66,634 (-21.9%), from €304,568 to €237,934
- Taxes +€5,840
up €5,840 (+32.8%), from €17,808 to €23,647
- Depreciation -€3,157
down €3,157 (-19.2%), from €16,452 to €13,295
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 | €323,042 | €681,595 | +€358,553 | +111% |
| Fixed assets | 21/28 | €51,390 | €40,273 | -€11,116 | -21.6% |
| Tangible fixed assets | 22/27 | €47,865 | €36,748 | -€11,116 | -23.2% |
| Plant, machinery and equipment | 23 | €17,018 | €13,856 | -€3,162 | -18.6% |
| Furniture and vehicles | 24 | €20,620 | €15,364 | -€5,256 | -25.5% |
| Other tangible fixed assets | 26 | €10,227 | €7,529 | -€2,698 | -26.4% |
| Financial fixed assets | 28 | €3,525 | €3,525 | = | 0.0% |
| Current assets | 29/58 | €271,652 | €641,321 | +€369,669 | +136% |
| Stocks and contracts in progress | 3 | €30,262 | €31,540 | +€1,278 | +4.2% |
| Stocks | 30/36 | €30,262 | €31,540 | +€1,278 | +4.2% |
| Amounts receivable within one year | 40/41 | €225,817 | €598,821 | +€373,004 | +165% |
| Trade receivables | 40 | €223,580 | €597,367 | +€373,786 | +167% |
| Other amounts receivable | 41 | €2,237 | €1,454 | -€782 | -35.0% |
| Cash at bank and in hand | 54/58 | €5,002 | €3,844 | -€1,158 | -23.2% |
| Deferred charges and accrued income | 490/1 | €10,571 | €7,116 | -€3,455 | -32.7% |
| Total equity and liabilities | 10/49 | €323,042 | €681,595 | +€358,553 | +111% |
| Equity | 10/15 | €125,253 | €136,790 | +€11,537 | +9.2% |
| Contributions | 10/11 | €550 | €550 | = | 0.0% |
| Reserves | 13 | €124,703 | €136,240 | +€11,537 | +9.3% |
| Distributable reserves | 133 | €124,703 | €136,240 | +€11,537 | +9.3% |
| Amounts payable | 17/49 | €197,789 | €544,805 | +€347,016 | +175% |
| Amounts payable after more than one year | 17 | €13,887 | €8,488 | -€5,400 | -38.9% |
| Financial debts | 170/4 | €13,887 | €8,488 | -€5,400 | -38.9% |
| Amounts payable within one year | 42/48 | €183,902 | €536,317 | +€352,415 | +192% |
| Current portion of amounts payable after more than one year | 42 | €25,398 | €135,400 | +€110,002 | +433% |
| Trade debts | 44 | €82,315 | €291,747 | +€209,433 | +254% |
| Suppliers | 440/4 | €82,315 | €291,747 | +€209,433 | +254% |
| Taxes, remuneration and social security | 45 | €75,283 | €108,264 | +€32,981 | +43.8% |
| Taxes | 450/3 | €52,067 | €84,161 | +€32,094 | +61.6% |
| Remuneration and social security | 454/9 | €23,216 | €24,103 | +€887 | +3.8% |
| Other amounts payable | 47/48 | €906 | €906 | = | 0.0% |
| Non-recurring operating income | 76A | €8,185 | - | -€8,185 | |
| Remuneration, social security and pensions | 62 | €230,942 | €155,680 | -€75,262 | -32.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,452 | €13,295 | -€3,157 | -19.2% |
| Other operating charges | 640/8 | €3,014 | €3,434 | +€420 | +13.9% |
| Gross operating margin | 9900 | €304,568 | €237,934 | -€66,634 | -21.9% |
| Operating profit (loss) | 9901 | €54,160 | €65,525 | +€11,364 | +21.0% |
| Financial income | 75/76B | €771 | €119 | -€652 | -84.6% |
| Recurring financial income | 75 | €771 | €119 | -€652 | -84.6% |
| Financial charges | 65/66B | €12,992 | €11,946 | -€1,047 | -8.1% |
| Recurring financial charges | 65 | €12,992 | €11,946 | -€1,047 | -8.1% |
| Profit (loss) for the period before taxes | 9903 | €41,939 | €53,698 | +€11,759 | +28.0% |
| Income taxes | 67/77 | €17,808 | €23,647 | +€5,840 | +32.8% |
| Profit (loss) for the period | 9904 | €24,132 | €30,051 | +€5,919 | +24.5% |
| Profit (loss) for the period to be appropriated | 9905 | €24,132 | €30,051 | +€5,919 | +24.5% |
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 20 October 2026 via checked.be.