MV HOUSE CONSTRUCT: 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 HOUSE CONSTRUCT
Largest movements
- Receivables within one year -€145,251
down €145,251 (-31.4%), from €462,325 to €317,074
of which Trade receivables: -€149,062
- Receivables after one year +€108,913
new in 2025: €108,913
- Cash +€63,441
up €63,441 (+975%), from €6,504 to €69,945
mainly Receivables within one year (+€145,251) and Debts after one year (+€81,849)
- Deferred charges and accrued income -€26,269
down €26,269 (-93.1%), from €28,227 to €1,957
- Trade debts -€123,094
down €123,094 (-64.3%), from €191,514 to €68,420
- Debts after one year +€81,849
new in 2025: €81,849
- Profit (loss) carried forward +€31,242
up €31,242 (+13.0%), from €239,515 to €270,757
- Current portion of long-term debt +€14,041
up €14,041 (+50.5%), from €27,806 to €41,847
- Taxes -€35,982
down €35,982 (-100%), from €35,982 to €0
- Other operating charges -€3,237
down €3,237 (-35.1%), from €9,227 to €5,990
- Staff costs +€1,893
up €1,893 (+4.9%), from €38,472 to €40,364
- Financial charges -€1,453
down €1,453 (-13.4%), from €10,804 to €9,351
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 | €515,925 | €516,555 | +€630 | +0.1% |
| Fixed assets | 21/28 | €9,256 | €7,984 | -€1,272 | -13.7% |
| Tangible fixed assets | 22/27 | €9,153 | €7,881 | -€1,272 | -13.9% |
| Plant, machinery and equipment | 23 | €943 | €427 | -€517 | -54.8% |
| Furniture and vehicles | 24 | €2,139 | €644 | -€1,495 | -69.9% |
| Other tangible fixed assets | 26 | €6,071 | €6,810 | +€739 | +12.2% |
| Financial fixed assets | 28 | €103 | €103 | = | 0.0% |
| Current assets | 29/58 | €506,669 | €508,571 | +€1,902 | +0.4% |
| Amounts receivable after more than one year | 29 | - | €108,913 | +€108,913 | |
| Other amounts receivable | 291 | - | €108,913 | +€108,913 | |
| Stocks and contracts in progress | 3 | €9,613 | €10,682 | +€1,069 | +11.1% |
| Stocks | 30/36 | €9,613 | €10,682 | +€1,069 | +11.1% |
| Amounts receivable within one year | 40/41 | €462,325 | €317,074 | -€145,251 | -31.4% |
| Trade receivables | 40 | €404,812 | €255,750 | -€149,062 | -36.8% |
| Other amounts receivable | 41 | €57,513 | €61,324 | +€3,811 | +6.6% |
| Cash at bank and in hand | 54/58 | €6,504 | €69,945 | +€63,441 | +975% |
| Deferred charges and accrued income | 490/1 | €28,227 | €1,957 | -€26,269 | -93.1% |
| Total equity and liabilities | 10/49 | €515,925 | €516,555 | +€630 | +0.1% |
| Equity | 10/15 | €262,475 | €293,717 | +€31,242 | +11.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €4,360 | €4,360 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €239,515 | €270,757 | +€31,242 | +13.0% |
| Amounts payable | 17/49 | €253,450 | €222,838 | -€30,611 | -12.1% |
| Amounts payable after more than one year | 17 | - | €81,849 | +€81,849 | |
| Financial debts | 170/4 | - | €81,849 | +€81,849 | |
| Amounts payable within one year | 42/48 | €253,450 | €140,989 | -€112,460 | -44.4% |
| Current portion of amounts payable after more than one year | 42 | €27,806 | €41,847 | +€14,041 | +50.5% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €191,514 | €68,420 | -€123,094 | -64.3% |
| Suppliers | 440/4 | €191,514 | €68,420 | -€123,094 | -64.3% |
| Advances received on contracts in progress | 46 | - | €0 | = | |
| Taxes, remuneration and social security | 45 | €34,130 | €30,722 | -€3,408 | -10.0% |
| Taxes | 450/3 | €30,469 | €25,553 | -€4,916 | -16.1% |
| Remuneration and social security | 454/9 | €3,661 | €5,169 | +€1,508 | +41.2% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €38,472 | €40,364 | +€1,893 | +4.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,044 | €3,247 | +€1,203 | +58.8% |
| Other operating charges | 640/8 | €9,227 | €5,990 | -€3,237 | -35.1% |
| Non-recurring operating charges | 66A | - | €37,962 | +€37,962 | |
| Gross operating margin | 9900 | €128,318 | €128,156 | -€163 | -0.1% |
| Operating profit (loss) | 9901 | €78,575 | €40,592 | -€37,983 | -48.3% |
| Financial income | 75/76B | €11 | €0 | -€11 | -96.1% |
| Recurring financial income | 75 | €11 | €0 | -€11 | -96.1% |
| Financial charges | 65/66B | €10,804 | €9,351 | -€1,453 | -13.4% |
| Recurring financial charges | 65 | €10,804 | €9,351 | -€1,453 | -13.4% |
| Profit (loss) for the period before taxes | 9903 | €67,783 | €31,242 | -€36,541 | -53.9% |
| Income taxes | 67/77 | €35,982 | €0 | -€35,982 | -100% |
| Profit (loss) for the period | 9904 | €31,801 | €31,242 | -€559 | -1.8% |
| Profit (loss) for the period to be appropriated | 9905 | €31,801 | €31,242 | -€559 | -1.8% |
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.