MV CONCEPT: 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 CONCEPT
Largest movements
- Receivables within one year +€10,486
up €10,486 (+58.5%), from €17,938 to €28,424
of which Trade receivables: +€9,725
- Cash -€8,468
down €8,468 (-83.5%), from €10,147 to €1,679
mainly Investment in fixed assets (net) (-€39,152) and Net result for the year (-€28,538)
- Tangible fixed assets +€3,441
up €3,441 (+3.3%), from €103,529 to €106,970
of which Furniture and vehicles: +€3,522
- Profit (loss) carried forward -€28,538
down €28,538 (-76.4%), from €37,369 to €8,831
- Debts after one year +€21,843
new in 2025: €21,843
- Other debts +€9,624
up €9,624 (+32.8%), from €29,363 to €38,987
- Current portion of long-term debt +€7,933
new in 2025: €7,933
- Trade debts -€4,314
down €4,314 (-14.6%), from €29,542 to €25,228
- Gross operating margin -€62,063
down €62,063 (-51.7%), from €120,147 to €58,084
- Taxes -€5,918
no longer reported in 2025 (was €5,918)
- Staff costs +€3,082
up €3,082 (+7.5%), from €41,157 to €44,239
- Depreciation +€3,077
up €3,077 (+9.4%), from €32,634 to €35,711
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 | €131,833 | €137,292 | +€5,459 | +4.1% |
| Fixed assets | 21/28 | €103,748 | €107,189 | +€3,441 | +3.3% |
| Tangible fixed assets | 22/27 | €103,529 | €106,970 | +€3,441 | +3.3% |
| Plant, machinery and equipment | 23 | €81 | - | -€81 | |
| Furniture and vehicles | 24 | €103,448 | €106,970 | +€3,522 | +3.4% |
| Financial fixed assets | 28 | €219 | €219 | = | 0.0% |
| Current assets | 29/58 | €28,085 | €30,103 | +€2,018 | +7.2% |
| Amounts receivable within one year | 40/41 | €17,938 | €28,424 | +€10,486 | +58.5% |
| Trade receivables | 40 | €16,838 | €26,563 | +€9,725 | +57.8% |
| Other amounts receivable | 41 | €1,100 | €1,861 | +€761 | +69.2% |
| Cash at bank and in hand | 54/58 | €10,147 | €1,679 | -€8,468 | -83.5% |
| Total equity and liabilities | 10/49 | €131,833 | €137,292 | +€5,459 | +4.1% |
| Equity | 10/15 | €57,829 | €29,291 | -€28,538 | -49.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €37,369 | €8,831 | -€28,538 | -76.4% |
| Amounts payable | 17/49 | €74,004 | €108,001 | +€33,997 | +45.9% |
| Amounts payable after more than one year | 17 | - | €21,843 | +€21,843 | |
| Financial debts | 170/4 | - | €21,843 | +€21,843 | |
| Amounts payable within one year | 42/48 | €74,004 | €86,158 | +€12,154 | +16.4% |
| Current portion of amounts payable after more than one year | 42 | - | €7,933 | +€7,933 | |
| Trade debts | 44 | €29,542 | €25,228 | -€4,314 | -14.6% |
| Suppliers | 440/4 | €29,542 | €25,228 | -€4,314 | -14.6% |
| Advances received on contracts in progress | 46 | - | €1,200 | +€1,200 | |
| Taxes, remuneration and social security | 45 | €15,099 | €12,810 | -€2,289 | -15.2% |
| Taxes | 450/3 | €10,766 | €3,233 | -€7,533 | -70.0% |
| Remuneration and social security | 454/9 | €4,333 | €9,577 | +€5,244 | +121.0% |
| Other amounts payable | 47/48 | €29,363 | €38,987 | +€9,624 | +32.8% |
| Remuneration, social security and pensions | 62 | €41,157 | €44,239 | +€3,082 | +7.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,634 | €35,711 | +€3,077 | +9.4% |
| Other operating charges | 640/8 | €2,079 | €1,290 | -€789 | -38.0% |
| Non-recurring operating charges | 66A | - | €4,474 | +€4,474 | |
| Gross operating margin | 9900 | €120,147 | €58,084 | -€62,063 | -51.7% |
| Operating profit (loss) | 9901 | €44,277 | -€27,630 | -€71,907 | |
| Financial charges | 65/66B | €75 | €908 | +€833 | +1110.7% |
| Recurring financial charges | 65 | €75 | €908 | +€833 | +1110.7% |
| Profit (loss) for the period before taxes | 9903 | €44,202 | -€28,538 | -€72,740 | |
| Income taxes | 67/77 | €5,918 | - | -€5,918 | |
| Profit (loss) for the period | 9904 | €38,284 | -€28,538 | -€66,822 | |
| Profit (loss) for the period to be appropriated | 9905 | €38,284 | -€28,538 | -€66,822 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.