MV Products: 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 Products
Largest movements
- Stocks and contracts +€243,100
new in 2025: €243,100
- Receivables within one year -€51,945
down €51,945 (-84.8%), from €61,245 to €9,300
- Cash -€15,374
down €15,374 (-37.2%), from €41,351 to €25,977
mainly Stocks and contracts (-€243,100)
- Trade debts +€77,164
up €77,164 (+6,618%), from €1,166 to €78,330
- Other debts +€72,950
up €72,950 (+57.7%), from €126,504 to €199,455
- Reserves +€22,727
up €22,727 (+98.7%), from €23,038 to €45,765
- Tax, wage and social debts +€2,940
up €2,940 (+16.2%), from €18,121 to €21,060
- Taxes +€717
up €717 (+6.0%), from €11,860 to €12,577
- Gross operating margin +€504
up €504 (+1.4%), from €35,659 to €36,163
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 | €102,596 | €278,377 | +€175,781 | +171% |
| Current assets | 29/58 | €102,596 | €278,377 | +€175,781 | +171% |
| Stocks and contracts in progress | 3 | - | €243,100 | +€243,100 | |
| Stocks | 30/36 | - | €243,100 | +€243,100 | |
| Amounts receivable within one year | 40/41 | €61,245 | €9,300 | -€51,945 | -84.8% |
| Trade receivables | 40 | €61,245 | €9,300 | -€51,945 | -84.8% |
| Cash at bank and in hand | 54/58 | €41,351 | €25,977 | -€15,374 | -37.2% |
| Total equity and liabilities | 10/49 | €102,596 | €278,377 | +€175,781 | +171% |
| Equity | 10/15 | -€43,195 | -€20,468 | +€22,727 | +52.6% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €23,038 | €45,765 | +€22,727 | +98.7% |
| Distributable reserves | 133 | €23,038 | €45,765 | +€22,727 | +98.7% |
| Profit (loss) carried forward | 14 | -€72,430 | -€72,430 | = | 0.0% |
| Amounts payable | 17/49 | €145,791 | €298,845 | +€153,054 | +105% |
| Amounts payable within one year | 42/48 | €145,791 | €298,845 | +€153,054 | +105% |
| Trade debts | 44 | €1,166 | €78,330 | +€77,164 | +6,618% |
| Suppliers | 440/4 | €1,166 | €78,330 | +€77,164 | +6,618% |
| Taxes, remuneration and social security | 45 | €18,121 | €21,060 | +€2,940 | +16.2% |
| Taxes | 450/3 | €18,121 | €21,060 | +€2,940 | +16.2% |
| Other amounts payable | 47/48 | €126,504 | €199,455 | +€72,950 | +57.7% |
| Other operating charges | 640/8 | €583 | €625 | +€42 | +7.2% |
| Gross operating margin | 9900 | €35,659 | €36,163 | +€504 | +1.4% |
| Operating profit (loss) | 9901 | €35,076 | €35,538 | +€462 | +1.3% |
| Financial income | 75/76B | €1 | €0 | -€1 | -96.4% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -96.4% |
| Financial charges | 65/66B | €179 | €234 | +€55 | +30.9% |
| Recurring financial charges | 65 | €179 | €234 | +€55 | +30.9% |
| Profit (loss) for the period before taxes | 9903 | €34,898 | €35,304 | +€406 | +1.2% |
| Income taxes | 67/77 | €11,860 | €12,577 | +€717 | +6.0% |
| Profit (loss) for the period | 9904 | €23,038 | €22,727 | -€311 | -1.3% |
| Profit (loss) for the period to be appropriated | 9905 | €23,038 | €22,727 | -€311 | -1.3% |
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 19 October 2026 via checked.be.