MV - Install: 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 - Install
Largest movements
- Cash +€23,820
up €23,820 (+96.6%), from €24,647 to €48,467
mainly Net result for the year (+€29,877) and Other debts (+€3,564)
- Tangible fixed assets +€5,461
new in 2025: €5,461
- Receivables within one year +€3,012
up €3,012 (+33.4%), from €9,018 to €12,030
of which Other amounts receivable: +€1,883
- Reserves +€29,044
up €29,044 (+96.8%), from €30,013 to €59,057
- Other debts +€3,564
up €3,564 (+134.8%), from €2,644 to €6,208
- Depreciation +€1,039
new in 2025: €1,039
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.
Cash bridge derived
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 | €35,040 | €67,807 | +€32,768 | +93.5% |
| Fixed assets | 21/28 | - | €5,461 | +€5,461 | |
| Tangible fixed assets | 22/27 | - | €5,461 | +€5,461 | |
| Furniture and vehicles | 24 | - | €5,461 | +€5,461 | |
| Current assets | 29/58 | €35,040 | €62,346 | +€27,307 | +77.9% |
| Stocks and contracts in progress | 3 | €1,368 | €1,521 | +€153 | +11.2% |
| Stocks | 30/36 | €1,368 | €1,521 | +€153 | +11.2% |
| Amounts receivable within one year | 40/41 | €9,018 | €12,030 | +€3,012 | +33.4% |
| Trade receivables | 40 | €7,340 | €8,469 | +€1,129 | +15.4% |
| Other amounts receivable | 41 | €1,679 | €3,562 | +€1,883 | +112.2% |
| Cash at bank and in hand | 54/58 | €24,647 | €48,467 | +€23,820 | +96.6% |
| Deferred charges and accrued income | 490/1 | €6 | €328 | +€322 | +5102.7% |
| Total equity and liabilities | 10/49 | €35,040 | €67,807 | +€32,768 | +93.5% |
| Equity | 10/15 | €31,873 | €60,917 | +€29,044 | +91.1% |
| Contributions | 10/11 | €1,860 | €1,860 | = | 0.0% |
| Reserves | 13 | €30,013 | €59,057 | +€29,044 | +96.8% |
| Distributable reserves | 133 | €30,013 | €59,057 | +€29,044 | +96.8% |
| Amounts payable | 17/49 | €3,167 | €6,891 | +€3,724 | +117.6% |
| Amounts payable within one year | 42/48 | €3,167 | €6,891 | +€3,724 | +117.6% |
| Trade debts | 44 | €453 | €683 | +€230 | +50.8% |
| Suppliers | 440/4 | €453 | €683 | +€230 | +50.8% |
| Taxes, remuneration and social security | 45 | €70 | - | -€70 | |
| Taxes | 450/3 | €70 | - | -€70 | |
| Other amounts payable | 47/48 | €2,644 | €6,208 | +€3,564 | +134.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,039 | +€1,039 | |
| Other operating charges | 640/8 | €118 | €221 | +€103 | +87.4% |
| Gross operating margin | 9900 | €39,129 | €38,984 | -€144 | -0.4% |
| Operating profit (loss) | 9901 | €39,011 | €37,724 | -€1,286 | -3.3% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €69 | €27 | -€43 | -61.6% |
| Recurring financial charges | 65 | €69 | €27 | -€43 | -61.6% |
| Profit (loss) for the period before taxes | 9903 | €38,942 | €37,698 | -€1,244 | -3.2% |
| Income taxes | 67/77 | €8,070 | €7,821 | -€249 | -3.1% |
| Profit (loss) for the period | 9904 | €30,872 | €29,877 | -€994 | -3.2% |
| Profit (loss) for the period to be appropriated | 9905 | €30,872 | €29,877 | -€994 | -3.2% |
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 11 October 2026 via checked.be.