MV FINANCE: 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 FINANCE
Largest movements
- Receivables within one year -€13,198
down €13,198 (-59.2%), from €22,298 to €9,100
of which Other amounts receivable: -€9,042
- Tangible fixed assets -€5,165
down €5,165 (-36.3%), from €14,247 to €9,082
of which Furniture and vehicles: -€8,225
- Cash +€2,807
up €2,807 (+29.4%), from €9,532 to €12,339
mainly Other debts (+€15,268) and Receivables within one year (+€13,198)
- Deferred charges and accrued income +€755
up €755, from €0 to €755
- Reserves -€30,236
down €30,236 (-78.5%), from €38,502 to €8,266
- Other debts +€15,268
up €15,268, from €0 to €15,268
- Trade debts +€1,091
up €1,091 (+645%), from €169 to €1,260
- Tax, wage and social debts -€613
down €613 (-12.0%), from €5,095 to €4,482
- Gross operating margin -€9,225
down €9,225 (-29.8%), from €30,940 to €21,715
- Taxes -€2,113
down €2,113 (-36.1%), from €5,858 to €3,745
- Depreciation +€331
up €331 (+3.8%), from €8,801 to €9,132
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 | €46,077 | €31,276 | -€14,801 | -32.1% |
| Fixed assets | 21/28 | €14,247 | €9,082 | -€5,165 | -36.3% |
| Tangible fixed assets | 22/27 | €14,247 | €9,082 | -€5,165 | -36.3% |
| Furniture and vehicles | 24 | €14,247 | €6,022 | -€8,225 | -57.7% |
| Other tangible fixed assets | 26 | - | €3,060 | +€3,060 | |
| Current assets | 29/58 | €31,830 | €22,195 | -€9,635 | -30.3% |
| Amounts receivable within one year | 40/41 | €22,298 | €9,100 | -€13,198 | -59.2% |
| Trade receivables | 40 | €12,756 | €8,600 | -€4,156 | -32.6% |
| Other amounts receivable | 41 | €9,542 | €500 | -€9,042 | -94.8% |
| Cash at bank and in hand | 54/58 | €9,532 | €12,339 | +€2,807 | +29.4% |
| Deferred charges and accrued income | 490/1 | €0 | €755 | +€755 | |
| Total equity and liabilities | 10/49 | €46,077 | €31,276 | -€14,801 | -32.1% |
| Equity | 10/15 | €40,502 | €10,266 | -€30,236 | -74.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €38,502 | €8,266 | -€30,236 | -78.5% |
| Distributable reserves | 133 | €38,502 | €8,266 | -€30,236 | -78.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €5,575 | €21,010 | +€15,435 | +277% |
| Amounts payable within one year | 42/48 | €5,264 | €21,010 | +€15,746 | +299% |
| Trade debts | 44 | €169 | €1,260 | +€1,091 | +645% |
| Suppliers | 440/4 | €169 | €1,260 | +€1,091 | +645% |
| Taxes, remuneration and social security | 45 | €5,095 | €4,482 | -€613 | -12.0% |
| Taxes | 450/3 | €5,095 | €4,482 | -€613 | -12.0% |
| Other amounts payable | 47/48 | €0 | €15,268 | +€15,268 | |
| Accrued charges and deferred income | 492/3 | €311 | €0 | -€311 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,801 | €9,132 | +€331 | +3.8% |
| Other operating charges | 640/8 | €1,329 | €1,436 | +€107 | +8.1% |
| Gross operating margin | 9900 | €30,940 | €21,715 | -€9,225 | -29.8% |
| Operating profit (loss) | 9901 | €20,810 | €11,146 | -€9,664 | -46.4% |
| Financial income | 75/76B | €229 | €0 | -€229 | -100% |
| Recurring financial income | 75 | €229 | €0 | -€229 | -100% |
| Financial charges | 65/66B | €147 | €138 | -€9 | -6.1% |
| Recurring financial charges | 65 | €147 | €138 | -€9 | -6.1% |
| Profit (loss) for the period before taxes | 9903 | €20,892 | €11,008 | -€9,884 | -47.3% |
| Income taxes | 67/77 | €5,858 | €3,745 | -€2,113 | -36.1% |
| Profit (loss) for the period | 9904 | €15,034 | €7,264 | -€7,770 | -51.7% |
| Profit (loss) for the period to be appropriated | 9905 | €15,034 | €7,264 | -€7,770 | -51.7% |
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 22 October 2026 via checked.be.