MV.Com: what changed
What changed
MV.Com
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
-€56,854
2024 · €18,387-€75,241
Equity
€452,554
2024 · €509,408-€56,854
Cash
€239,498
2024 · €263,444-€23,946
Balance sheet total
€586,795
2024 · €636,271-€49,476
Largest movements
Assets
- Tangible fixed assets -€24,374
down €24,374 (-7.1%), from €341,353 to €316,979
of which Land and buildings: -€22,768
- Cash -€23,946
down €23,946 (-9.1%), from €263,444 to €239,498
mainly Net result for the year (-€56,854) and Tax, wage and social debts (-€670)
Equity and liabilities
- Profit (loss) carried forward -€56,854
new in 2025: -€56,854
- Other debts +€8,200
up €8,200 (+7.2%), from €114,241 to €122,442
Income statement
- Gross operating margin -€89,663
down €89,663, from €68,063 to -€21,600
- Taxes -€8,581
down €8,581 (-100%), from €8,581 to €0
- Depreciation -€5,234
down €5,234 (-17.7%), from €29,608 to €24,374
- Financial income +€1,058
new in 2025: €1,058
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€18,387
Gross operating margin
-€89,663
Depreciation
+€5,234
Other operating charges
-€603
Financial income
+€1,058
Financial charges
+€153
Taxes
+€8,581
Result 2025
-€56,854
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€23,946
Investment
€0
Financing
€0
Cash 2024
€263,444
From operations (derived)
-€23,946
Net result for the year
-€56,854
Depreciation
+€24,374
Receivables within one year
+€1,102
Smaller working-capital items
+€60
Tax, wage and social debts
-€670
Other debts
+€8,200
Accrued charges and deferred income
-€158
Cash 2025
€239,498
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €636,271 | €586,795 | -€49,476 | -7.8% |
| Fixed assets | 21/28 | €341,353 | €316,979 | -€24,374 | -7.1% |
| Tangible fixed assets | 22/27 | €341,353 | €316,979 | -€24,374 | -7.1% |
| Land and buildings | 22 | €334,432 | €311,664 | -€22,768 | -6.8% |
| Plant, machinery and equipment | 23 | €6,921 | €5,315 | -€1,605 | -23.2% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Current assets | 29/58 | €294,919 | €269,816 | -€25,103 | -8.5% |
| Amounts receivable within one year | 40/41 | €31,420 | €30,318 | -€1,102 | -3.5% |
| Other amounts receivable | 41 | €31,420 | €30,318 | -€1,102 | -3.5% |
| Cash at bank and in hand | 54/58 | €263,444 | €239,498 | -€23,946 | -9.1% |
| Deferred charges and accrued income | 490/1 | €54 | €0 | -€54 | -100% |
| Total equity and liabilities | 10/49 | €636,271 | €586,795 | -€49,476 | -7.8% |
| Equity | 10/15 | €509,408 | €452,554 | -€56,854 | -11.2% |
| Contributions | 10/11 | €90,500 | €90,500 | = | 0.0% |
| Capital | 10 | €90,500 | €90,500 | = | 0.0% |
| Issued capital | 100 | €90,500 | €90,500 | = | 0.0% |
| Revaluation surpluses | 12 | €16,163 | €16,163 | = | 0.0% |
| Reserves | 13 | €402,745 | €402,745 | = | 0.0% |
| Non-distributable reserves | 130/1 | €9,050 | €9,050 | = | 0.0% |
| Reserves not available under the articles | 1311 | €9,050 | €9,050 | = | 0.0% |
| Distributable reserves | 133 | €393,695 | €393,695 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€56,854 | -€56,854 | |
| Amounts payable | 17/49 | €126,863 | €134,241 | +€7,378 | +5.8% |
| Amounts payable within one year | 42/48 | €117,692 | €125,227 | +€7,536 | +6.4% |
| Trade debts | 44 | €29 | €34 | +€5 | +18.6% |
| Suppliers | 440/4 | €29 | €34 | +€5 | +18.6% |
| Taxes, remuneration and social security | 45 | €3,422 | €2,751 | -€670 | -19.6% |
| Taxes | 450/3 | €3,422 | €2,751 | -€670 | -19.6% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €114,241 | €122,442 | +€8,200 | +7.2% |
| Accrued charges and deferred income | 492/3 | €9,171 | €9,013 | -€158 | -1.7% |
| Non-recurring operating income | 76A | €79,872 | €0 | -€79,872 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,608 | €24,374 | -€5,234 | -17.7% |
| Other operating charges | 640/8 | €2,248 | €2,851 | +€603 | +26.8% |
| Gross operating margin | 9900 | €68,063 | -€21,600 | -€89,663 | |
| Operating profit (loss) | 9901 | €36,207 | -€48,825 | -€85,032 | |
| Financial income | 75/76B | - | €1,058 | +€1,058 | |
| Recurring financial income | 75 | - | €1,058 | +€1,058 | |
| Financial charges | 65/66B | €9,240 | €9,087 | -€153 | -1.7% |
| Recurring financial charges | 65 | €9,240 | €9,087 | -€153 | -1.7% |
| Profit (loss) for the period before taxes | 9903 | €26,967 | -€56,854 | -€83,821 | |
| Transfer from deferred taxes | 780 | €0 | - | = | |
| Income taxes | 67/77 | €8,581 | €0 | -€8,581 | -100% |
| Profit (loss) for the period | 9904 | €18,387 | -€56,854 | -€75,241 | |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €18,387 | -€56,854 | -€75,241 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.