MV CUSTOM: 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 CUSTOM
Largest movements
- Tangible fixed assets +€28,659
up €28,659 (+20.0%), from €143,407 to €172,067
of which Land and buildings: +€33,561
- Stocks and contracts -€19,880
down €19,880 (-88.1%), from €22,571 to €2,691
- Cash -€4,149
down €4,149 (-33.6%), from €12,333 to €8,184
mainly Investment in fixed assets (net) (-€65,665) and Trade debts (-€6,311)
- Debts after one year +€14,999
up €14,999 (+22.8%), from €65,810 to €80,808
- Current portion of long-term debt +€6,712
up €6,712 (+25.8%), from €26,013 to €32,724
- Trade debts -€6,311
down €6,311 (-87.1%), from €7,249 to €937
- Other debts -€4,476
down €4,476 (-8.0%), from €56,153 to €51,677
- Tax, wage and social debts -€3,619
down €3,619 (-64.9%), from €5,573 to €1,954
of which Taxes: -€3,881
- Depreciation +€3,911
up €3,911 (+11.8%), from €33,095 to €37,006
- Taxes -€1,728
no longer reported in 2025 (was €1,728)
- Staff costs +€1,247
up €1,247 (+35.3%), from €3,528 to €4,776
- Other operating charges +€1,060
up €1,060 (+69.8%), from €1,518 to €2,577
- Financial income +€767
new in 2025: €767
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 | €188,924 | €195,405 | +€6,482 | +3.4% |
| Fixed assets | 21/28 | €143,407 | €172,067 | +€28,659 | +20.0% |
| Tangible fixed assets | 22/27 | €143,407 | €172,067 | +€28,659 | +20.0% |
| Land and buildings | 22 | €35,638 | €69,198 | +€33,561 | +94.2% |
| Plant, machinery and equipment | 23 | €38,050 | €52,757 | +€14,707 | +38.7% |
| Furniture and vehicles | 24 | €69,719 | €50,111 | -€19,608 | -28.1% |
| Current assets | 29/58 | €45,516 | €23,339 | -€22,178 | -48.7% |
| Stocks and contracts in progress | 3 | €22,571 | €2,691 | -€19,880 | -88.1% |
| Stocks | 30/36 | €22,571 | €2,691 | -€19,880 | -88.1% |
| Amounts receivable within one year | 40/41 | €10,612 | €12,463 | +€1,851 | +17.4% |
| Trade receivables | 40 | €8,340 | €2,659 | -€5,681 | -68.1% |
| Other amounts receivable | 41 | €2,272 | €9,805 | +€7,532 | +331.5% |
| Cash at bank and in hand | 54/58 | €12,333 | €8,184 | -€4,149 | -33.6% |
| Total equity and liabilities | 10/49 | €188,924 | €195,405 | +€6,482 | +3.4% |
| Equity | 10/15 | €28,126 | €27,304 | -€822 | -2.9% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €25,626 | €25,626 | = | 0.0% |
| Distributable reserves | 133 | €25,626 | €25,626 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€822 | -€822 | |
| Amounts payable | 17/49 | €160,798 | €168,101 | +€7,303 | +4.5% |
| Amounts payable after more than one year | 17 | €65,810 | €80,808 | +€14,999 | +22.8% |
| Financial debts | 170/4 | €65,810 | €80,808 | +€14,999 | +22.8% |
| Amounts payable within one year | 42/48 | €94,988 | €87,293 | -€7,695 | -8.1% |
| Current portion of amounts payable after more than one year | 42 | €26,013 | €32,724 | +€6,712 | +25.8% |
| Trade debts | 44 | €7,249 | €937 | -€6,311 | -87.1% |
| Suppliers | 440/4 | €7,249 | €937 | -€6,311 | -87.1% |
| Taxes, remuneration and social security | 45 | €5,573 | €1,954 | -€3,619 | -64.9% |
| Taxes | 450/3 | €5,573 | €1,692 | -€3,881 | -69.6% |
| Remuneration and social security | 454/9 | - | €262 | +€262 | |
| Other amounts payable | 47/48 | €56,153 | €51,677 | -€4,476 | -8.0% |
| Non-recurring operating income | 76A | €93 | - | -€93 | |
| Remuneration, social security and pensions | 62 | €3,528 | €4,776 | +€1,247 | +35.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,095 | €37,006 | +€3,911 | +11.8% |
| Other operating charges | 640/8 | €1,518 | €2,577 | +€1,060 | +69.8% |
| Gross operating margin | 9900 | €48,267 | €47,540 | -€727 | -1.5% |
| Operating profit (loss) | 9901 | €10,127 | €3,181 | -€6,946 | -68.6% |
| Financial income | 75/76B | - | €767 | +€767 | |
| Recurring financial income | 75 | - | €767 | +€767 | |
| Financial charges | 65/66B | €4,078 | €4,769 | +€691 | +17.0% |
| Recurring financial charges | 65 | €4,078 | €4,769 | +€691 | +17.0% |
| Profit (loss) for the period before taxes | 9903 | €6,049 | -€822 | -€6,870 | |
| Income taxes | 67/77 | €1,728 | - | -€1,728 | |
| Profit (loss) for the period | 9904 | €4,321 | -€822 | -€5,143 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,321 | -€822 | -€5,143 |
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 10 October 2026 via checked.be.