MV-Projects: 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-Projects
Largest movements
- Receivables within one year -€39,789
down €39,789 (-73.0%), from €54,517 to €14,727
of which Other amounts receivable: -€43,124
- Tangible fixed assets -€3,279
down €3,279 (-29.6%), from €11,059 to €7,780
of which Leasing and similar rights: -€2,905
- Cash +€1,807
up €1,807 (+41.8%), from €4,325 to €6,132
mainly Receivables within one year (+€39,789) and Net result for the year (+€24,341)
- Profit (loss) carried forward -€50,159
down €50,159 (-88.2%), from €56,872 to €6,713
- Tax, wage and social debts +€6,059
up €6,059 (+1,888%), from €321 to €6,380
- Other debts +€5,502
up €5,502, from €0 to €5,502
- Current portion of long-term debt -€2,323
down €2,323 (-52.7%), from €4,405 to €2,082
- Debts after one year -€1,746
down €1,746 (-75.5%), from €2,313 to €567
- Gross operating margin +€7,640
up €7,640 (+24.9%), from €30,673 to €38,313
- Taxes +€1,275
up €1,275 (+20.8%), from €6,123 to €7,398
- Financial income -€993
down €993 (-100%), from €993 to €0
- Financial charges -€583
down €583 (-27.5%), from €2,124 to €1,541
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 | €72,768 | €31,545 | -€41,223 | -56.7% |
| Fixed assets | 21/28 | €11,059 | €7,780 | -€3,279 | -29.6% |
| Tangible fixed assets | 22/27 | €11,059 | €7,780 | -€3,279 | -29.6% |
| Plant, machinery and equipment | 23 | €1,085 | €712 | -€374 | -34.4% |
| Leasing and similar rights | 25 | €9,974 | €7,068 | -€2,905 | -29.1% |
| Current assets | 29/58 | €61,709 | €23,765 | -€37,944 | -61.5% |
| Amounts receivable within one year | 40/41 | €54,517 | €14,727 | -€39,789 | -73.0% |
| Trade receivables | 40 | €11,016 | €14,351 | +€3,335 | +30.3% |
| Other amounts receivable | 41 | €43,501 | €377 | -€43,124 | -99.1% |
| Cash at bank and in hand | 54/58 | €4,325 | €6,132 | +€1,807 | +41.8% |
| Deferred charges and accrued income | 490/1 | €2,868 | €2,905 | +€38 | +1.3% |
| Total equity and liabilities | 10/49 | €72,768 | €31,545 | -€41,223 | -56.7% |
| Equity | 10/15 | €61,872 | €11,713 | -€50,159 | -81.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €56,872 | €6,713 | -€50,159 | -88.2% |
| Amounts payable | 17/49 | €10,896 | €19,832 | +€8,936 | +82.0% |
| Amounts payable after more than one year | 17 | €2,313 | €567 | -€1,746 | -75.5% |
| Financial debts | 170/4 | €2,313 | €567 | -€1,746 | -75.5% |
| Amounts payable within one year | 42/48 | €8,583 | €19,265 | +€10,682 | +124% |
| Current portion of amounts payable after more than one year | 42 | €4,405 | €2,082 | -€2,323 | -52.7% |
| Trade debts | 44 | €3,857 | €5,301 | +€1,444 | +37.4% |
| Suppliers | 440/4 | €3,857 | €5,301 | +€1,444 | +37.4% |
| Taxes, remuneration and social security | 45 | €321 | €6,380 | +€6,059 | +1,888% |
| Taxes | 450/3 | €321 | €6,380 | +€6,059 | +1,888% |
| Other amounts payable | 47/48 | €0 | €5,502 | +€5,502 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,279 | €3,279 | = | 0.0% |
| Other operating charges | 640/8 | €1,719 | €1,754 | +€35 | +2.0% |
| Gross operating margin | 9900 | €30,673 | €38,313 | +€7,640 | +24.9% |
| Operating profit (loss) | 9901 | €25,676 | €33,280 | +€7,605 | +29.6% |
| Financial income | 75/76B | €993 | €0 | -€993 | -100% |
| Recurring financial income | 75 | €993 | €0 | -€993 | -100% |
| Financial charges | 65/66B | €2,124 | €1,541 | -€583 | -27.5% |
| Recurring financial charges | 65 | €2,124 | €1,541 | -€583 | -27.5% |
| Profit (loss) for the period before taxes | 9903 | €24,544 | €31,739 | +€7,195 | +29.3% |
| Income taxes | 67/77 | €6,123 | €7,398 | +€1,275 | +20.8% |
| Profit (loss) for the period | 9904 | €18,421 | €24,341 | +€5,920 | +32.1% |
| Profit (loss) for the period to be appropriated | 9905 | €18,421 | €24,341 | +€5,920 | +32.1% |
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 19 October 2026 via checked.be.