MV STUDIO: 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 STUDIO
Largest movements
- Receivables within one year -€47,536
down €47,536 (-65.6%), from €72,509 to €24,973
of which Trade receivables: -€47,536
- Cash -€26,585
down €26,585 (-40.0%), from €66,477 to €39,892
mainly Net result for the year (-€81,552) and Trade debts (-€16,822)
- Tangible fixed assets +€3,413
up €3,413 (+493%), from €692 to €4,104
- Profit (loss) carried forward -€81,552
down €81,552 (-13,778%), from -€592 to -€82,144
- Debts after one year +€17,925
new in 2025: €17,925
- Trade debts -€16,822
down €16,822 (-30.5%), from €55,089 to €38,267
- Tax, wage and social debts +€14,450
up €14,450 (+37.4%), from €38,615 to €53,065
of which Taxes: +€13,124
- Other debts -€4,872
down €4,872 (-100%), from €4,872 to €0
- Gross operating margin -€85,766
down €85,766 (-34.4%), from €249,136 to €163,370
- Staff costs -€6,524
down €6,524 (-2.7%), from €245,466 to €238,942
- Other operating charges +€3,906
up €3,906 (+1,638%), from €239 to €4,145
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 | €143,308 | €72,263 | -€71,045 | -49.6% |
| Fixed assets | 21/28 | €1,192 | €4,604 | +€3,413 | +286% |
| Tangible fixed assets | 22/27 | €692 | €4,104 | +€3,413 | +493% |
| Furniture and vehicles | 24 | €692 | €4,104 | +€3,413 | +493% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €142,117 | €67,659 | -€74,458 | -52.4% |
| Amounts receivable within one year | 40/41 | €72,509 | €24,973 | -€47,536 | -65.6% |
| Trade receivables | 40 | €72,509 | €24,973 | -€47,536 | -65.6% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €66,477 | €39,892 | -€26,585 | -40.0% |
| Deferred charges and accrued income | 490/1 | €3,131 | €2,793 | -€337 | -10.8% |
| Total equity and liabilities | 10/49 | €143,308 | €72,263 | -€71,045 | -49.6% |
| Equity | 10/15 | €44,557 | -€36,994 | -€81,552 | |
| Contributions | 10/11 | €6,300 | €6,300 | = | 0.0% |
| Reserves | 13 | €38,849 | €38,849 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €36,989 | €36,989 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€592 | -€82,144 | -€81,552 | -13,778% |
| Amounts payable | 17/49 | €98,751 | €109,258 | +€10,506 | +10.6% |
| Amounts payable after more than one year | 17 | - | €17,925 | +€17,925 | |
| Financial debts | 170/4 | - | €17,925 | +€17,925 | |
| Amounts payable within one year | 42/48 | €98,751 | €91,332 | -€7,419 | -7.5% |
| Trade debts | 44 | €55,089 | €38,267 | -€16,822 | -30.5% |
| Suppliers | 440/4 | €55,089 | €38,267 | -€16,822 | -30.5% |
| Advances received on contracts in progress | 46 | €175 | €0 | -€175 | -100% |
| Taxes, remuneration and social security | 45 | €38,615 | €53,065 | +€14,450 | +37.4% |
| Taxes | 450/3 | €10,443 | €23,567 | +€13,124 | +126% |
| Remuneration and social security | 454/9 | €28,172 | €29,498 | +€1,326 | +4.7% |
| Other amounts payable | 47/48 | €4,872 | €0 | -€4,872 | -100% |
| Remuneration, social security and pensions | 62 | €245,466 | €238,942 | -€6,524 | -2.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €164 | €653 | +€489 | +299% |
| Other operating charges | 640/8 | €239 | €4,145 | +€3,906 | +1,638% |
| Gross operating margin | 9900 | €249,136 | €163,370 | -€85,766 | -34.4% |
| Operating profit (loss) | 9901 | €3,268 | -€80,369 | -€83,637 | |
| Financial income | 75/76B | €0 | €8 | +€8 | |
| Recurring financial income | 75 | €0 | €8 | +€8 | |
| Financial charges | 65/66B | €503 | €757 | +€254 | +50.5% |
| Recurring financial charges | 65 | €503 | €757 | +€254 | +50.5% |
| Profit (loss) for the period before taxes | 9903 | €2,765 | -€81,118 | -€83,883 | |
| Income taxes | 67/77 | €214 | €434 | +€220 | +103% |
| Profit (loss) for the period | 9904 | €2,551 | -€81,552 | -€84,103 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,551 | -€81,552 | -€84,103 |
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 30 October 2026 via checked.be.