MV-Management: what changed
What changed
MV-Management
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
€119,433
2024 · €112,587+€6,846
Equity
€506,012
2024 · €426,579+€79,433
Cash
€32,724
2024 · €28,088+€4,636
Balance sheet total
€1.8m
2024 · €1.8m-€9,471
Largest movements
Assets
- Tangible fixed assets -€20,481
down €20,481 (-3.4%), from €600,797 to €580,316
Equity and liabilities
- Debts after one year -€108,969
down €108,969 (-9.2%), from €1.2m to €1.1m
- Reserves +€79,433
up €79,433 (+19.5%), from €408,029 to €487,462
- Other debts +€32,397
up €32,397 (+49.3%), from €65,650 to €98,047
Income statement
- Financial income +€16,226
up €16,226 (+55.2%), from €29,384 to €45,610
- Gross operating margin -€12,569
down €12,569 (-7.9%), from €159,841 to €147,272
- Taxes -€2,989
down €2,989 (-10.8%), from €27,734 to €24,746
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€112,587
Gross operating margin
-€12,569
Other operating charges
-€109
Financial income
+€16,226
Financial charges
+€309
Taxes
+€2,989
Result 2025
€119,433
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€150,684
Investment
€0
Financing
-€146,048
Cash 2024
€28,088
From operations (derived)
+€150,684
Net result for the year
+€119,433
Depreciation
+€20,481
Receivables within one year
-€6,368
Deferred charges and accrued income
-€6
Trade debts
-€3,962
Tax, wage and social debts
-€5,241
Advances received
-€6,050
Other debts
+€32,397
Financing
-€146,048
Debts after one year
-€108,969
Current portion of long-term debt
+€2,921
Contributions, distributions and other
-€40,000
Cash 2025
€32,724
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,831,940 | €1,822,469 | -€9,471 | -0.5% |
| Fixed assets | 21/28 | €1,742,459 | €1,721,978 | -€20,481 | -1.2% |
| Tangible fixed assets | 22/27 | €600,797 | €580,316 | -€20,481 | -3.4% |
| Land and buildings | 22 | €600,797 | €580,316 | -€20,481 | -3.4% |
| Financial fixed assets | 28 | €1,141,662 | €1,141,662 | = | 0.0% |
| Current assets | 29/58 | €89,480 | €100,491 | +€11,010 | +12.3% |
| Amounts receivable within one year | 40/41 | €61,215 | €67,583 | +€6,368 | +10.4% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €61,215 | €67,583 | +€6,368 | +10.4% |
| Cash at bank and in hand | 54/58 | €28,088 | €32,724 | +€4,636 | +16.5% |
| Deferred charges and accrued income | 490/1 | €178 | €184 | +€6 | +3.4% |
| Total equity and liabilities | 10/49 | €1,831,940 | €1,822,469 | -€9,471 | -0.5% |
| Equity | 10/15 | €426,579 | €506,012 | +€79,433 | +18.6% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €408,029 | €487,462 | +€79,433 | +19.5% |
| Distributable reserves | 133 | €408,029 | €487,462 | +€79,433 | +19.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,405,361 | €1,316,457 | -€88,904 | -6.3% |
| Amounts payable after more than one year | 17 | €1,186,449 | €1,077,480 | -€108,969 | -9.2% |
| Financial debts | 170/4 | €1,186,449 | €1,077,480 | -€108,969 | -9.2% |
| Amounts payable within one year | 42/48 | €217,562 | €237,627 | +€20,065 | +9.2% |
| Current portion of amounts payable after more than one year | 42 | €106,048 | €108,969 | +€2,921 | +2.8% |
| Financial debts | 43 | €7,635 | €7,635 | = | 0.0% |
| Credit institutions | 430/8 | €7,635 | €7,635 | = | 0.0% |
| Trade debts | 44 | €14,194 | €10,233 | -€3,962 | -27.9% |
| Suppliers | 440/4 | €14,194 | €10,233 | -€3,962 | -27.9% |
| Advances received on contracts in progress | 46 | €6,050 | €0 | -€6,050 | -100% |
| Taxes, remuneration and social security | 45 | €17,985 | €12,744 | -€5,241 | -29.1% |
| Taxes | 450/3 | €17,985 | €12,744 | -€5,241 | -29.1% |
| Other amounts payable | 47/48 | €65,650 | €98,047 | +€32,397 | +49.3% |
| Accrued charges and deferred income | 492/3 | €1,350 | €1,350 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,481 | €20,481 | = | 0.0% |
| Other operating charges | 640/8 | €2,922 | €3,030 | +€109 | +3.7% |
| Gross operating margin | 9900 | €159,841 | €147,272 | -€12,569 | -7.9% |
| Operating profit (loss) | 9901 | €136,439 | €123,761 | -€12,678 | -9.3% |
| Financial income | 75/76B | €29,384 | €45,610 | +€16,226 | +55.2% |
| Recurring financial income | 75 | €29,384 | €45,610 | +€16,226 | +55.2% |
| Financial charges | 65/66B | €25,501 | €25,192 | -€309 | -1.2% |
| Recurring financial charges | 65 | €25,501 | €25,192 | -€309 | -1.2% |
| Profit (loss) for the period before taxes | 9903 | €140,322 | €144,179 | +€3,857 | +2.7% |
| Income taxes | 67/77 | €27,734 | €24,746 | -€2,989 | -10.8% |
| Profit (loss) for the period | 9904 | €112,587 | €119,433 | +€6,846 | +6.1% |
| Profit (loss) for the period to be appropriated | 9905 | €112,587 | €119,433 | +€6,846 | +6.1% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.