MV GROEP: 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 GROEP
Largest movements
- Financial fixed assets +€30,000
new in 2025: €30,000
- Cash +€24,846
up €24,846 (+50.0%), from €49,642 to €74,488
mainly Net result for the year (+€51,913) and Tax, wage and social debts (+€24,506)
- Receivables within one year +€10,269
up €10,269 (+27.8%), from €36,908 to €47,177
of which Trade receivables: +€32,905
- Tangible fixed assets +€4,670
up €4,670 (+35.7%), from €13,099 to €17,769
of which Furniture and vehicles: +€6,872
- Reserves +€38,402
up €38,402 (+42.1%), from €91,212 to €129,614
- Tax, wage and social debts +€24,506
up €24,506, from €0 to €24,506
- Other debts +€11,869
up €11,869 (+823%), from €1,441 to €13,311
- Profit (loss) carried forward -€5,408
down €5,408 (-100%), from €5,408 to €0
- Gross operating margin +€67,324
up €67,324 (+1,091%), from €6,169 to €73,492
- Taxes +€13,889
up €13,889 (+721%), from €1,927 to €15,816
- Depreciation +€1,225
up €1,225 (+47.7%), from €2,569 to €3,794
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 | €100,588 | €169,434 | +€68,846 | +68.4% |
| Fixed assets | 21/28 | €13,099 | €47,769 | +€34,670 | +265% |
| Tangible fixed assets | 22/27 | €13,099 | €17,769 | +€4,670 | +35.7% |
| Land and buildings | 22 | €11,855 | €10,341 | -€1,513 | -12.8% |
| Plant, machinery and equipment | 23 | €1,244 | €556 | -€688 | -55.3% |
| Furniture and vehicles | 24 | €0 | €6,872 | +€6,872 | |
| Financial fixed assets | 28 | - | €30,000 | +€30,000 | |
| Current assets | 29/58 | €87,489 | €121,664 | +€34,175 | +39.1% |
| Amounts receivable within one year | 40/41 | €36,908 | €47,177 | +€10,269 | +27.8% |
| Trade receivables | 40 | €11,560 | €44,465 | +€32,905 | +285% |
| Other amounts receivable | 41 | €25,348 | €2,711 | -€22,636 | -89.3% |
| Cash at bank and in hand | 54/58 | €49,642 | €74,488 | +€24,846 | +50.0% |
| Deferred charges and accrued income | 490/1 | €939 | €0 | -€939 | -100% |
| Total equity and liabilities | 10/49 | €100,588 | €169,434 | +€68,846 | +68.4% |
| Equity | 10/15 | €97,620 | €130,614 | +€32,994 | +33.8% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €91,212 | €129,614 | +€38,402 | +42.1% |
| Distributable reserves | 133 | €91,212 | €129,614 | +€38,402 | +42.1% |
| Profit (loss) carried forward | 14 | €5,408 | €0 | -€5,408 | -100% |
| Amounts payable | 17/49 | €2,968 | €38,820 | +€35,852 | +1,208% |
| Amounts payable within one year | 42/48 | €2,968 | €38,820 | +€35,852 | +1,208% |
| Trade debts | 44 | €1,527 | €1,003 | -€524 | -34.3% |
| Suppliers | 440/4 | €1,527 | €1,003 | -€524 | -34.3% |
| Taxes, remuneration and social security | 45 | €0 | €24,506 | +€24,506 | |
| Taxes | 450/3 | €0 | €24,506 | +€24,506 | |
| Other amounts payable | 47/48 | €1,441 | €13,311 | +€11,869 | +823% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,569 | €3,794 | +€1,225 | +47.7% |
| Other operating charges | 640/8 | €1,097 | €1,762 | +€665 | +60.6% |
| Gross operating margin | 9900 | €6,169 | €73,492 | +€67,324 | +1,091% |
| Operating profit (loss) | 9901 | €2,503 | €67,937 | +€65,434 | +2,614% |
| Financial income | 75/76B | €72 | €0 | -€72 | -100% |
| Recurring financial income | 75 | €72 | €0 | -€72 | -100% |
| Financial charges | 65/66B | €505 | €208 | -€297 | -58.9% |
| Recurring financial charges | 65 | €505 | €208 | -€297 | -58.9% |
| Profit (loss) for the period before taxes | 9903 | €2,070 | €67,729 | +€65,659 | +3,172% |
| Income taxes | 67/77 | €1,927 | €15,816 | +€13,889 | +721% |
| Profit (loss) for the period | 9904 | €143 | €51,913 | +€51,769 | +36,152% |
| Profit (loss) for the period to be appropriated | 9905 | €143 | €51,913 | +€51,769 | +36,152% |
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 15 October 2026 via checked.be.