MV Sales: 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 Sales
Largest movements
- Current investments +€50,000
new in 2025: €50,000
- Cash -€24,148
down €24,148 (-20.2%), from €119,501 to €95,353
mainly Current investments (-€50,000) and Contributions, distributions and other (-€18,750)
- Receivables within one year -€13,167
down €13,167 (-79.6%), from €16,540 to €3,374
of which Trade receivables: -€16,093
- Tangible fixed assets -€3,094
down €3,094 (-41.8%), from €7,402 to €4,308
of which Plant, machinery and equipment: -€2,424
- Deferred charges and accrued income -€2,098
down €2,098 (-42.4%), from €4,945 to €2,847
- Reserves +€25,110
up €25,110 (+21.2%), from €118,326 to €143,436
- Tax, wage and social debts -€13,827
down €13,827 (-53.9%), from €25,663 to €11,836
- Other debts -€2,170
no longer reported in 2025 (was €2,170)
- Gross operating margin -€29,456
down €29,456 (-32.6%), from €90,470 to €61,014
- Taxes -€6,066
down €6,066 (-33.9%), from €17,903 to €11,836
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 | €148,388 | €155,881 | +€7,493 | +5.0% |
| Fixed assets | 21/28 | €7,402 | €4,308 | -€3,094 | -41.8% |
| Tangible fixed assets | 22/27 | €7,402 | €4,308 | -€3,094 | -41.8% |
| Plant, machinery and equipment | 23 | €5,352 | €2,928 | -€2,424 | -45.3% |
| Furniture and vehicles | 24 | €2,050 | €1,380 | -€670 | -32.7% |
| Current assets | 29/58 | €140,986 | €151,573 | +€10,587 | +7.5% |
| Amounts receivable within one year | 40/41 | €16,540 | €3,374 | -€13,167 | -79.6% |
| Trade receivables | 40 | €16,093 | - | -€16,093 | |
| Other amounts receivable | 41 | €447 | €3,374 | +€2,926 | +654% |
| Current investments | 50/53 | - | €50,000 | +€50,000 | |
| Cash at bank and in hand | 54/58 | €119,501 | €95,353 | -€24,148 | -20.2% |
| Deferred charges and accrued income | 490/1 | €4,945 | €2,847 | -€2,098 | -42.4% |
| Total equity and liabilities | 10/49 | €148,388 | €155,881 | +€7,493 | +5.0% |
| Equity | 10/15 | €118,426 | €143,536 | +€25,110 | +21.2% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €118,326 | €143,436 | +€25,110 | +21.2% |
| Distributable reserves | 133 | €118,326 | €143,436 | +€25,110 | +21.2% |
| Amounts payable | 17/49 | €29,962 | €12,345 | -€17,617 | -58.8% |
| Amounts payable within one year | 42/48 | €29,962 | €12,345 | -€17,617 | -58.8% |
| Financial debts | 43 | €937 | €24 | -€913 | -97.4% |
| Credit institutions | 430/8 | €937 | €24 | -€913 | -97.4% |
| Trade debts | 44 | €1,192 | €484 | -€708 | -59.4% |
| Suppliers | 440/4 | €1,192 | €484 | -€708 | -59.4% |
| Taxes, remuneration and social security | 45 | €25,663 | €11,836 | -€13,827 | -53.9% |
| Taxes | 450/3 | €25,663 | €11,836 | -€13,827 | -53.9% |
| Other amounts payable | 47/48 | €2,170 | - | -€2,170 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,135 | €3,094 | -€41 | -1.3% |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | €90,470 | €61,014 | -€29,456 | -32.6% |
| Operating profit (loss) | 9901 | €86,829 | €57,400 | -€29,429 | -33.9% |
| Financial income | 75/76B | - | €57 | +€57 | |
| Recurring financial income | 75 | - | €57 | +€57 | |
| Financial charges | 65/66B | €1,574 | €1,760 | +€186 | +11.8% |
| Recurring financial charges | 65 | €1,574 | €1,760 | +€186 | +11.8% |
| Profit (loss) for the period before taxes | 9903 | €85,255 | €55,697 | -€29,558 | -34.7% |
| Income taxes | 67/77 | €17,903 | €11,836 | -€6,066 | -33.9% |
| Profit (loss) for the period | 9904 | €67,352 | €43,860 | -€23,492 | -34.9% |
| Profit (loss) for the period to be appropriated | 9905 | €67,352 | €43,860 | -€23,492 | -34.9% |
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.