MV-CONNECT: 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-CONNECT
Largest movements
- Cash +€52,189
up €52,189 (+239.6%), from €21,778 to €73,966
mainly Net result for the year (+€40,914) and Tax, wage and social debts (+€13,954)
- Current investments +€6,000
up €6,000 (+48.0%), from €12,500 to €18,500
- Profit (loss) carried forward +€40,914
up €40,914 (+126.0%), from €32,475 to €73,389
- Tax, wage and social debts +€13,954
up €13,954 (+298.5%), from €4,675 to €18,629
- Other debts +€4,455
up €4,455 (+131.7%), from €3,382 to €7,837
- Gross operating margin +€17,911
up €17,911 (+46.6%), from €38,404 to €56,315
- Taxes +€4,756
up €4,756 (+59.9%), from €7,939 to €12,695
- Financial charges +€1,147
up €1,147 (+113.4%), from €1,011 to €2,158
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 | €46,348 | €105,133 | +€58,786 | +126.8% |
| Fixed assets | 21/28 | €1,887 | €1,462 | -€424 | -22.5% |
| Tangible fixed assets | 22/27 | €1,887 | €1,462 | -€424 | -22.5% |
| Furniture and vehicles | 24 | €1,887 | €1,462 | -€424 | -22.5% |
| Current assets | 29/58 | €44,461 | €103,671 | +€59,210 | +133.2% |
| Amounts receivable within one year | 40/41 | €10,184 | €10,680 | +€496 | +4.9% |
| Trade receivables | 40 | €8,434 | €8,930 | +€496 | +5.9% |
| Other amounts receivable | 41 | €1,750 | €1,750 | = | 0.0% |
| Current investments | 50/53 | €12,500 | €18,500 | +€6,000 | +48.0% |
| Cash at bank and in hand | 54/58 | €21,778 | €73,966 | +€52,189 | +239.6% |
| Deferred charges and accrued income | 490/1 | - | €525 | +€525 | |
| Total equity and liabilities | 10/49 | €46,348 | €105,133 | +€58,786 | +126.8% |
| Equity | 10/15 | €37,475 | €78,389 | +€40,914 | +109.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €32,475 | €73,389 | +€40,914 | +126.0% |
| Amounts payable | 17/49 | €8,872 | €26,744 | +€17,872 | +201.4% |
| Amounts payable within one year | 42/48 | €8,872 | €26,744 | +€17,872 | +201.4% |
| Trade debts | 44 | €815 | €278 | -€537 | -65.9% |
| Suppliers | 440/4 | €815 | €278 | -€537 | -65.9% |
| Taxes, remuneration and social security | 45 | €4,675 | €18,629 | +€13,954 | +298.5% |
| Taxes | 450/3 | €4,675 | €18,629 | +€13,954 | +298.5% |
| Other amounts payable | 47/48 | €3,382 | €7,837 | +€4,455 | +131.7% |
| Remuneration, social security and pensions | 62 | - | €175 | +€175 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €235 | €424 | +€189 | +80.3% |
| Other operating charges | 640/8 | €490 | €482 | -€8 | -1.6% |
| Gross operating margin | 9900 | €38,404 | €56,315 | +€17,911 | +46.6% |
| Operating profit (loss) | 9901 | €37,679 | €55,233 | +€17,555 | +46.6% |
| Financial income | 75/76B | €289 | €534 | +€245 | +85.0% |
| Recurring financial income | 75 | €289 | €534 | +€245 | +85.0% |
| Financial charges | 65/66B | €1,011 | €2,158 | +€1,147 | +113.4% |
| Recurring financial charges | 65 | €1,011 | €2,158 | +€1,147 | +113.4% |
| Profit (loss) for the period before taxes | 9903 | €36,956 | €53,609 | +€16,654 | +45.1% |
| Income taxes | 67/77 | €7,939 | €12,695 | +€4,756 | +59.9% |
| Profit (loss) for the period | 9904 | €29,017 | €40,914 | +€11,897 | +41.0% |
| Profit (loss) for the period to be appropriated | 9905 | €29,017 | €40,914 | +€11,897 | +41.0% |
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 9 October 2026 via checked.be.