MV-IT: 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-IT
Largest movements
- Current investments +€144,280
up €144,280 (+978.2%), from €14,750 to €159,030
- Cash -€50,363
down €50,363 (-70.8%), from €71,086 to €20,723
mainly Current investments (-€144,280) and Tax, wage and social debts (-€5,671)
- Receivables within one year -€25,644
down €25,644 (-60.7%), from €42,256 to €16,612
of which Trade receivables: -€20,196
- Reserves +€116,651
up €116,651 (+166.6%), from €70,000 to €186,651
- Profit (loss) carried forward -€48,411
down €48,411 (-100.0%), from €48,411 to €0
- Tax, wage and social debts -€5,671
down €5,671 (-38.5%), from €14,730 to €9,059
- Short-term financial debts +€3,528
new in 2025: €3,528
- Gross operating margin +€7,223
up €7,223 (+9.0%), from €79,848 to €87,071
- Taxes -€2,103
down €2,103 (-10.9%), from €19,264 to €17,161
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 | €138,646 | €205,004 | +€66,358 | +47.9% |
| Fixed assets | 21/28 | €9,649 | €8,324 | -€1,324 | -13.7% |
| Tangible fixed assets | 22/27 | €9,649 | €8,324 | -€1,324 | -13.7% |
| Furniture and vehicles | 24 | €9,649 | €8,324 | -€1,324 | -13.7% |
| Current assets | 29/58 | €128,997 | €196,680 | +€67,683 | +52.5% |
| Amounts receivable within one year | 40/41 | €42,256 | €16,612 | -€25,644 | -60.7% |
| Trade receivables | 40 | €34,769 | €14,574 | -€20,196 | -58.1% |
| Other amounts receivable | 41 | €7,487 | €2,039 | -€5,448 | -72.8% |
| Current investments | 50/53 | €14,750 | €159,030 | +€144,280 | +978.2% |
| Cash at bank and in hand | 54/58 | €71,086 | €20,723 | -€50,363 | -70.8% |
| Deferred charges and accrued income | 490/1 | €905 | €315 | -€590 | -65.2% |
| Total equity and liabilities | 10/49 | €138,646 | €205,004 | +€66,358 | +47.9% |
| Equity | 10/15 | €123,411 | €191,651 | +€68,239 | +55.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €70,000 | €186,651 | +€116,651 | +166.6% |
| Distributable reserves | 133 | €70,000 | €186,651 | +€116,651 | +166.6% |
| Profit (loss) carried forward | 14 | €48,411 | €0 | -€48,411 | -100.0% |
| Amounts payable | 17/49 | €15,234 | €13,353 | -€1,881 | -12.3% |
| Amounts payable within one year | 42/48 | €15,234 | €13,353 | -€1,881 | -12.3% |
| Financial debts | 43 | - | €3,528 | +€3,528 | |
| Credit institutions | 430/8 | - | €3,528 | +€3,528 | |
| Trade debts | 44 | €439 | €699 | +€260 | +59.3% |
| Suppliers | 440/4 | €439 | €699 | +€260 | +59.3% |
| Taxes, remuneration and social security | 45 | €14,730 | €9,059 | -€5,671 | -38.5% |
| Taxes | 450/3 | €14,730 | €9,059 | -€5,671 | -38.5% |
| Other amounts payable | 47/48 | €66 | €68 | +€2 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €670 | €1,324 | +€655 | +97.8% |
| Other operating charges | 640/8 | €375 | €546 | +€171 | +45.6% |
| Gross operating margin | 9900 | €79,848 | €87,071 | +€7,223 | +9.0% |
| Operating profit (loss) | 9901 | €78,803 | €85,200 | +€6,397 | +8.1% |
| Financial income | 75/76B | €421 | €948 | +€526 | +124.9% |
| Recurring financial income | 75 | €421 | €948 | +€526 | +124.9% |
| Financial charges | 65/66B | €125 | €748 | +€623 | +500.1% |
| Recurring financial charges | 65 | €125 | €748 | +€623 | +500.1% |
| Profit (loss) for the period before taxes | 9903 | €79,100 | €85,400 | +€6,300 | +8.0% |
| Income taxes | 67/77 | €19,264 | €17,161 | -€2,103 | -10.9% |
| Profit (loss) for the period | 9904 | €59,836 | €68,239 | +€8,404 | +14.0% |
| Profit (loss) for the period to be appropriated | 9905 | €59,836 | €68,239 | +€8,404 | +14.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.