MV CONSTRUCT: what changed
Two fiscal 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 CONSTRUCT
Largest movements
- Cash -€645,876
down €645,876 (-93.2%), from €693,038 to €47,162
mainly Debts after one year (-€5.1m) and Other debts (-€167,270)
- Financial fixed assets +€144,255
up €144,255 (+2.1%), from €6.9m to €7.1m
- Debts after one year -€5.1m
down €5.1m (-98.5%), from €5.2m to €79,403
- Current portion of long-term debt +€4.8m
up €4.8m (+368.5%), from €1.3m to €6.1m
- Reserves -€500,000
down €500,000 (-13.9%), from €3.6m to €3.1m
- Profit (loss) carried forward +€455,431
up €455,431 (+98.3%), from -€463,501 to -€8,070
- Other debts -€167,270
down €167,270 (-24.9%), from €671,791 to €504,521
- Financial charges -€128,576
down €128,576 (-31.0%), from €414,561 to €285,984
- Gross operating margin +€68,732
up €68,732 (+60.8%), from -€112,967 to -€44,236
- Taxes -€29,914
no longer reported in 2025 (was €29,914)
- Financial income +€29,703
up €29,703 (+10.9%), from €271,338 to €301,041
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 | €14,249,553 | €13,860,487 | -€389,067 | -2.7% |
| Fixed assets | 21/28 | €6,974,689 | €7,107,797 | +€133,107 | +1.9% |
| Tangible fixed assets | 22/27 | €24,793 | €13,645 | -€11,148 | -45.0% |
| Plant, machinery and equipment | 23 | €202 | - | -€202 | |
| Furniture and vehicles | 24 | €792 | - | -€792 | |
| Other tangible fixed assets | 26 | €23,799 | €13,645 | -€10,154 | -42.7% |
| Financial fixed assets | 28 | €6,949,897 | €7,094,152 | +€144,255 | +2.1% |
| Current assets | 29/58 | €7,274,864 | €6,752,690 | -€522,174 | -7.2% |
| Stocks and contracts in progress | 3 | €80,828 | €84,268 | +€3,440 | +4.3% |
| Stocks | 30/36 | €80,828 | €84,268 | +€3,440 | +4.3% |
| Amounts receivable within one year | 40/41 | €2,432,891 | €2,418,231 | -€14,660 | -0.6% |
| Trade receivables | 40 | €48,021 | €112,635 | +€64,614 | +134.6% |
| Other amounts receivable | 41 | €2,384,870 | €2,305,596 | -€79,274 | -3.3% |
| Current investments | 50/53 | €4,068,106 | €4,191,379 | +€123,273 | +3.0% |
| Cash at bank and in hand | 54/58 | €693,038 | €47,162 | -€645,876 | -93.2% |
| Deferred charges and accrued income | 490/1 | - | €11,649 | +€11,649 | |
| Total equity and liabilities | 10/49 | €14,249,553 | €13,860,487 | -€389,067 | -2.7% |
| Equity | 10/15 | €7,052,539 | €7,007,970 | -€44,569 | -0.6% |
| Contributions | 10/11 | €1,717,240 | €1,717,240 | = | 0.0% |
| Revaluation surpluses | 12 | €2,188,800 | €2,188,800 | = | 0.0% |
| Reserves | 13 | €3,610,000 | €3,110,000 | -€500,000 | -13.9% |
| Distributable reserves | 133 | €3,610,000 | €3,110,000 | -€500,000 | -13.9% |
| Profit (loss) carried forward | 14 | -€463,501 | -€8,070 | +€455,431 | +98.3% |
| Amounts payable | 17/49 | €7,197,014 | €6,852,517 | -€344,498 | -4.8% |
| Amounts payable after more than one year | 17 | €5,156,990 | €79,403 | -€5.1m | -98.5% |
| Financial debts | 170/4 | €5,156,990 | €79,403 | -€5.1m | -98.5% |
| Amounts payable within one year | 42/48 | €2,028,403 | €6,663,675 | +€4.6m | +228.5% |
| Current portion of amounts payable after more than one year | 42 | €1,297,216 | €6,077,587 | +€4.8m | +368.5% |
| Trade debts | 44 | €59,396 | €81,567 | +€22,171 | +37.3% |
| Suppliers | 440/4 | €59,396 | €81,567 | +€22,171 | +37.3% |
| Other amounts payable | 47/48 | €671,791 | €504,521 | -€167,270 | -24.9% |
| Accrued charges and deferred income | 492/3 | €11,621 | €109,439 | +€97,818 | +841.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,267 | €14,330 | +€63 | +0.4% |
| Other operating charges | 640/8 | €1,031 | €1,060 | +€29 | +2.8% |
| Gross operating margin | 9900 | -€112,967 | -€44,236 | +€68,732 | +60.8% |
| Operating profit (loss) | 9901 | -€128,265 | -€59,626 | +€68,640 | +53.5% |
| Financial income | 75/76B | €271,338 | €301,041 | +€29,703 | +10.9% |
| Recurring financial income | 75 | €271,338 | €301,041 | +€29,703 | +10.9% |
| Financial charges | 65/66B | €414,561 | €285,984 | -€128,576 | -31.0% |
| Recurring financial charges | 65 | €414,561 | €285,984 | -€128,576 | -31.0% |
| Profit (loss) for the period before taxes | 9903 | -€271,488 | -€44,569 | +€226,919 | +83.6% |
| Income taxes | 67/77 | €29,914 | - | -€29,914 | |
| Profit (loss) for the period | 9904 | -€301,402 | -€44,569 | +€256,833 | +85.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€301,402 | -€44,569 | +€256,833 | +85.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.