MV CHAUFFAGE: 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 CHAUFFAGE
Largest movements
- Receivables within one year -€18,858
down €18,858 (-61.8%), from €30,535 to €11,677
of which Trade receivables: -€18,887
- Deferred charges and accrued income +€6,392
new in 2025: €6,392
- Stocks and contracts +€2,082
up €2,082 (+24.8%), from €8,394 to €10,477
- Tangible fixed assets -€1,269
down €1,269 (-100%), from €1,269 to €0
of which Furniture and vehicles: -€1,269
- Cash +€420
up €420 (+592%), from €71 to €491
mainly Receivables within one year (+€18,858) and Depreciation (+€1,269)
- Trade debts -€5,895
down €5,895 (-45.3%), from €13,007 to €7,112
- Other debts -€1,876
down €1,876 (-100%), from €1,876 to €0
- Debts after one year -€1,636
down €1,636 (-100%), from €1,636 to €0
- Current portion of long-term debt -€1,588
down €1,588 (-49.3%), from €3,224 to €1,636
- Tax, wage and social debts -€972
down €972 (-11.7%), from €8,295 to €7,322
of which Remuneration and social security: -€718
- Gross operating margin -€10,379
down €10,379 (-39.7%), from €26,145 to €15,766
- Depreciation -€4,477
down €4,477 (-77.9%), from €5,746 to €1,269
- Other operating charges -€1,981
down €1,981 (-49.6%), from €3,994 to €2,013
- Staff costs +€1,612
up €1,612 (+17.1%), from €9,427 to €11,039
- Taxes -€997
down €997 (-66.0%), from €1,509 to €512
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 | €40,270 | €29,037 | -€11,233 | -27.9% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €1,269 | €0 | -€1,269 | -100% |
| Tangible fixed assets | 22/27 | €1,269 | €0 | -€1,269 | -100% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €1,269 | €0 | -€1,269 | -100% |
| Current assets | 29/58 | €39,000 | €29,037 | -€9,963 | -25.5% |
| Stocks and contracts in progress | 3 | €8,394 | €10,477 | +€2,082 | +24.8% |
| Stocks | 30/36 | €8,394 | €10,477 | +€2,082 | +24.8% |
| Amounts receivable within one year | 40/41 | €30,535 | €11,677 | -€18,858 | -61.8% |
| Trade receivables | 40 | €23,895 | €5,008 | -€18,887 | -79.0% |
| Other amounts receivable | 41 | €6,640 | €6,669 | +€29 | +0.4% |
| Cash at bank and in hand | 54/58 | €71 | €491 | +€420 | +592% |
| Deferred charges and accrued income | 490/1 | - | €6,392 | +€6,392 | |
| Total equity and liabilities | 10/49 | €40,270 | €29,037 | -€11,233 | -27.9% |
| Equity | 10/15 | €12,233 | €12,967 | +€734 | +6.0% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,233 | €8,967 | +€734 | +8.9% |
| Amounts payable | 17/49 | €28,037 | €16,070 | -€11,967 | -42.7% |
| Amounts payable after more than one year | 17 | €1,636 | €0 | -€1,636 | -100% |
| Financial debts | 170/4 | €1,636 | €0 | -€1,636 | -100% |
| Amounts payable within one year | 42/48 | €26,401 | €16,070 | -€10,331 | -39.1% |
| Current portion of amounts payable after more than one year | 42 | €3,224 | €1,636 | -€1,588 | -49.3% |
| Trade debts | 44 | €13,007 | €7,112 | -€5,895 | -45.3% |
| Suppliers | 440/4 | €13,007 | €7,112 | -€5,895 | -45.3% |
| Taxes, remuneration and social security | 45 | €8,295 | €7,322 | -€972 | -11.7% |
| Taxes | 450/3 | €3,076 | €2,822 | -€254 | -8.3% |
| Remuneration and social security | 454/9 | €5,219 | €4,501 | -€718 | -13.8% |
| Other amounts payable | 47/48 | €1,876 | €0 | -€1,876 | -100% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Turnover | 70 | €0 | €0 | = | |
| Non-recurring operating income | 76A | €8 | €1 | -€6 | -83.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | €0 | = | |
| Remuneration, social security and pensions | 62 | €9,427 | €11,039 | +€1,612 | +17.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,746 | €1,269 | -€4,477 | -77.9% |
| Other operating charges | 640/8 | €3,994 | €2,013 | -€1,981 | -49.6% |
| Gross operating margin | 9900 | €26,145 | €15,766 | -€10,379 | -39.7% |
| Operating profit (loss) | 9901 | €6,978 | €1,445 | -€5,533 | -79.3% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €224 | €198 | -€26 | -11.7% |
| Recurring financial charges | 65 | €224 | €167 | -€57 | -25.6% |
| Non-recurring financial charges | 66B | €0 | €31 | +€31 | |
| Profit (loss) for the period before taxes | 9903 | €6,754 | €1,247 | -€5,507 | -81.5% |
| Income taxes | 67/77 | €1,509 | €512 | -€997 | -66.0% |
| Profit (loss) for the period | 9904 | €5,244 | €734 | -€4,510 | -86.0% |
| Profit (loss) for the period to be appropriated | 9905 | €5,244 | €734 | -€4,510 | -86.0% |
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 23 October 2026 via checked.be.