MV DECO: 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 DECO
Largest movements
- Receivables within one year +€30,522
up €30,522 (+76.3%), from €40,004 to €70,526
of which Other amounts receivable: +€35,860
- Cash -€23,309
down €23,309 (-79.9%), from €29,174 to €5,865
mainly Receivables within one year (-€30,522) and Accrued charges and deferred income (-€15,270)
- Tangible fixed assets -€9,550
down €9,550 (-28.4%), from €33,620 to €24,070
- Deferred charges and accrued income -€1,911
down €1,911 (-82.6%), from €2,313 to €402
- Formation expenses -€1,281
no longer reported in 2025 (was €1,281)
- Accrued charges and deferred income -€15,270
down €15,270 (-98.7%), from €15,470 to €200
- Trade debts +€11,255
up €11,255 (+65.4%), from €17,205 to €28,460
- Profit (loss) carried forward +€10,913
up €10,913 (+169%), from €6,453 to €17,366
- Debts after one year -€8,820
down €8,820 (-38.3%), from €23,026 to €14,206
- Tax, wage and social debts -€4,095
down €4,095 (-27.6%), from €14,816 to €10,721
of which Taxes: -€4,382
- Staff costs -€6,437
down €6,437 (-20.1%), from €32,023 to €25,586
- Depreciation +€1,836
up €1,836 (+20.4%), from €8,994 to €10,830
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.
Derived cash bridge
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 | €106,601 | €101,073 | -€5,528 | -5.2% |
| Formation expenses | 20 | €1,281 | - | -€1,281 | |
| Fixed assets | 21/28 | €33,830 | €24,280 | -€9,550 | -28.2% |
| Tangible fixed assets | 22/27 | €33,620 | €24,070 | -€9,550 | -28.4% |
| Furniture and vehicles | 24 | €33,620 | €24,070 | -€9,550 | -28.4% |
| Financial fixed assets | 28 | €210 | €210 | = | 0.0% |
| Current assets | 29/58 | €71,491 | €76,793 | +€5,302 | +7.4% |
| Amounts receivable within one year | 40/41 | €40,004 | €70,526 | +€30,522 | +76.3% |
| Trade receivables | 40 | €30,928 | €25,589 | -€5,339 | -17.3% |
| Other amounts receivable | 41 | €9,077 | €44,937 | +€35,860 | +395% |
| Cash at bank and in hand | 54/58 | €29,174 | €5,865 | -€23,309 | -79.9% |
| Deferred charges and accrued income | 490/1 | €2,313 | €402 | -€1,911 | -82.6% |
| Total equity and liabilities | 10/49 | €106,601 | €101,073 | -€5,528 | -5.2% |
| Equity | 10/15 | €9,753 | €20,666 | +€10,913 | +112% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Capital | 10 | €3,000 | - | -€3,000 | |
| Issued capital | 100 | €3,000 | - | -€3,000 | |
| Reserves | 13 | €300 | €300 | = | 0.0% |
| Non-distributable reserves | 130/1 | €300 | €300 | = | 0.0% |
| Legal reserve | 130 | €300 | - | -€300 | |
| Reserves not available under the articles | 1311 | - | €300 | +€300 | |
| Profit (loss) carried forward | 14 | €6,453 | €17,366 | +€10,913 | +169% |
| Amounts payable | 17/49 | €96,849 | €80,407 | -€16,442 | -17.0% |
| Amounts payable after more than one year | 17 | €23,026 | €14,206 | -€8,820 | -38.3% |
| Financial debts | 170/4 | €23,026 | €14,206 | -€8,820 | -38.3% |
| Amounts payable within one year | 42/48 | €58,352 | €66,001 | +€7,649 | +13.1% |
| Current portion of amounts payable after more than one year | 42 | €8,332 | €8,820 | +€488 | +5.9% |
| Trade debts | 44 | €17,205 | €28,460 | +€11,255 | +65.4% |
| Suppliers | 440/4 | €17,205 | €28,460 | +€11,255 | +65.4% |
| Taxes, remuneration and social security | 45 | €14,816 | €10,721 | -€4,095 | -27.6% |
| Taxes | 450/3 | €8,354 | €3,972 | -€4,382 | -52.5% |
| Remuneration and social security | 454/9 | €6,462 | €6,749 | +€287 | +4.4% |
| Other amounts payable | 47/48 | €18,000 | €18,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €15,470 | €200 | -€15,270 | -98.7% |
| Non-recurring operating income | 76A | - | €5,783 | +€5,783 | |
| Remuneration, social security and pensions | 62 | €32,023 | €25,586 | -€6,437 | -20.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,994 | €10,830 | +€1,836 | +20.4% |
| Other operating charges | 640/8 | €2,244 | €2,170 | -€74 | -3.3% |
| Non-recurring operating charges | 66A | €1,732 | - | -€1,732 | |
| Gross operating margin | 9900 | €56,348 | €56,048 | -€300 | -0.5% |
| Operating profit (loss) | 9901 | €11,356 | €17,462 | +€6,106 | +53.8% |
| Financial income | 75/76B | €2 | €24 | +€22 | +1,429% |
| Recurring financial income | 75 | €2 | €24 | +€22 | +1,429% |
| Financial charges | 65/66B | €2,894 | €2,668 | -€226 | -7.8% |
| Recurring financial charges | 65 | €2,894 | €2,668 | -€226 | -7.8% |
| Profit (loss) for the period before taxes | 9903 | €8,464 | €14,818 | +€6,354 | +75.1% |
| Income taxes | 67/77 | €3,748 | €3,866 | +€118 | +3.1% |
| Profit (loss) for the period | 9904 | €4,715 | €10,952 | +€6,237 | +132% |
| Profit (loss) for the period to be appropriated | 9905 | €4,715 | €10,952 | +€6,237 | +132% |
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 24 October 2026 via checked.be.