MV ELECTRIQ: 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 ELECTRIQ
Largest movements
- Receivables within one year +€13,591
up €13,591 (+279%), from €4,872 to €18,463
of which Trade receivables: +€14,318
- Deferred charges and accrued income +€4,534
up €4,534 (+109%), from €4,150 to €8,683
- Tangible fixed assets -€4,462
down €4,462 (-13.2%), from €33,773 to €29,312
of which Furniture and vehicles: -€7,388
- Cash -€1,142
down €1,142 (-4.8%), from €23,901 to €22,759
mainly Receivables within one year (-€13,591) and Debts after one year (-€7,994)
- Other debts +€10,113
up €10,113 (+310%), from €3,264 to €13,377
- Debts after one year -€7,994
down €7,994 (-32.5%), from €24,631 to €16,636
- Reserves +€6,115
up €6,115 (+36.9%), from €16,555 to €22,669
- Tax, wage and social debts +€3,045
up €3,045 (+42.4%), from €7,181 to €10,225
of which Taxes: +€5,438
- Trade debts +€1,034
up €1,034 (+63.1%), from €1,638 to €2,672
- Gross operating margin -€11,106
down €11,106 (-33.3%), from €33,315 to €22,209
- Taxes -€2,022
down €2,022 (-48.0%), from €4,212 to €2,190
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 | €66,696 | €79,217 | +€12,521 | +18.8% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €33,773 | €29,312 | -€4,462 | -13.2% |
| Tangible fixed assets | 22/27 | €33,773 | €29,312 | -€4,462 | -13.2% |
| Plant, machinery and equipment | 23 | €2,548 | €5,474 | +€2,926 | +115% |
| Furniture and vehicles | 24 | €31,225 | €23,838 | -€7,388 | -23.7% |
| Current assets | 29/58 | €32,923 | €49,905 | +€16,982 | +51.6% |
| Amounts receivable within one year | 40/41 | €4,872 | €18,463 | +€13,591 | +279% |
| Trade receivables | 40 | €1,832 | €16,151 | +€14,318 | +781% |
| Other amounts receivable | 41 | €3,040 | €2,312 | -€727 | -23.9% |
| Cash at bank and in hand | 54/58 | €23,901 | €22,759 | -€1,142 | -4.8% |
| Deferred charges and accrued income | 490/1 | €4,150 | €8,683 | +€4,534 | +109% |
| Total equity and liabilities | 10/49 | €66,696 | €79,217 | +€12,521 | +18.8% |
| Equity | 10/15 | €20,055 | €26,169 | +€6,115 | +30.5% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Reserves | 13 | €16,555 | €22,669 | +€6,115 | +36.9% |
| Distributable reserves | 133 | €16,555 | €22,669 | +€6,115 | +36.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €46,641 | €53,047 | +€6,406 | +13.7% |
| Amounts payable after more than one year | 17 | €24,631 | €16,636 | -€7,994 | -32.5% |
| Financial debts | 170/4 | €24,631 | €16,636 | -€7,994 | -32.5% |
| Amounts payable within one year | 42/48 | €21,783 | €36,235 | +€14,452 | +66.3% |
| Current portion of amounts payable after more than one year | 42 | €9,701 | €9,960 | +€260 | +2.7% |
| Trade debts | 44 | €1,638 | €2,672 | +€1,034 | +63.1% |
| Suppliers | 440/4 | €1,638 | €2,672 | +€1,034 | +63.1% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €7,181 | €10,225 | +€3,045 | +42.4% |
| Taxes | 450/3 | €4,788 | €10,225 | +€5,438 | +114% |
| Remuneration and social security | 454/9 | €2,393 | €0 | -€2,393 | -100% |
| Other amounts payable | 47/48 | €3,264 | €13,377 | +€10,113 | +310% |
| Accrued charges and deferred income | 492/3 | €227 | €176 | -€51 | -22.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,879 | €11,575 | -€303 | -2.6% |
| Other operating charges | 640/8 | €432 | €446 | +€14 | +3.2% |
| Gross operating margin | 9900 | €33,315 | €22,209 | -€11,106 | -33.3% |
| Operating profit (loss) | 9901 | €21,004 | €10,188 | -€10,816 | -51.5% |
| Financial income | 75/76B | €3 | €0 | -€3 | -100% |
| Recurring financial income | 75 | €3 | €0 | -€3 | -100% |
| Financial charges | 65/66B | €1,130 | €1,050 | -€80 | -7.1% |
| Recurring financial charges | 65 | €1,130 | €1,050 | -€80 | -7.1% |
| Profit (loss) for the period before taxes | 9903 | €19,878 | €9,138 | -€10,740 | -54.0% |
| Income taxes | 67/77 | €4,212 | €2,190 | -€2,022 | -48.0% |
| Profit (loss) for the period | 9904 | €15,666 | €6,948 | -€8,718 | -55.6% |
| Profit (loss) for the period to be appropriated | 9905 | €15,666 | €6,948 | -€8,718 | -55.6% |
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 21 October 2026 via checked.be.