MV WORX: 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 WORX
Largest movements
- Tangible fixed assets +€7,910
up €7,910 (+89.5%), from €8,838 to €16,748
of which Plant, machinery and equipment: +€10,677
- Cash +€2,604
up €2,604 (+342%), from €762 to €3,365
mainly Other debts (+€185,113) and Depreciation (+€8,385)
- Stocks and contracts +€2,172
up €2,172 (+3.5%), from €61,228 to €63,400
- Receivables within one year -€1,188
down €1,188 (-11.9%), from €9,988 to €8,800
of which Trade receivables: -€1,183
- Other debts +€185,113
up €185,113 (+2,253%), from €8,217 to €193,329
- Trade debts -€82,890
down €82,890 (-85.2%), from €97,268 to €14,378
- Profit (loss) carried forward -€80,069
down €80,069 (-103%), from -€77,493 to -€157,562
- Debts after one year -€7,445
down €7,445 (-43.7%), from €17,031 to €9,586
- Tax, wage and social debts -€4,321
down €4,321 (-54.9%), from €7,867 to €3,547
of which Taxes: -€2,821
- Depreciation +€2,748
up €2,748 (+48.7%), from €5,637 to €8,385
- Financial charges -€1,229
down €1,229 (-17.9%), from €6,857 to €5,628
- Gross operating margin -€935
down €935 (-1.5%), from -€62,986 to -€63,921
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 | €82,972 | €95,279 | +€12,307 | +14.8% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €8,838 | €16,748 | +€7,910 | +89.5% |
| Tangible fixed assets | 22/27 | €8,838 | €16,748 | +€7,910 | +89.5% |
| Plant, machinery and equipment | 23 | €4,708 | €15,385 | +€10,677 | +227% |
| Furniture and vehicles | 24 | €4,131 | €1,363 | -€2,767 | -67.0% |
| Current assets | 29/58 | €74,133 | €78,531 | +€4,398 | +5.9% |
| Stocks and contracts in progress | 3 | €61,228 | €63,400 | +€2,172 | +3.5% |
| Stocks | 30/36 | €61,228 | €63,400 | +€2,172 | +3.5% |
| Amounts receivable within one year | 40/41 | €9,988 | €8,800 | -€1,188 | -11.9% |
| Trade receivables | 40 | €9,983 | €8,800 | -€1,183 | -11.8% |
| Other amounts receivable | 41 | €6 | €0 | -€6 | -100% |
| Cash at bank and in hand | 54/58 | €762 | €3,365 | +€2,604 | +342% |
| Deferred charges and accrued income | 490/1 | €2,156 | €2,967 | +€811 | +37.6% |
| Total equity and liabilities | 10/49 | €82,972 | €95,279 | +€12,307 | +14.8% |
| Equity | 10/15 | -€55,982 | -€136,051 | -€80,069 | -143% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €19,511 | €19,511 | = | 0.0% |
| Distributable reserves | 133 | €19,511 | €19,511 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€77,493 | -€157,562 | -€80,069 | -103% |
| Amounts payable | 17/49 | €138,954 | €231,330 | +€92,376 | +66.5% |
| Amounts payable after more than one year | 17 | €17,031 | €9,586 | -€7,445 | -43.7% |
| Financial debts | 170/4 | €17,031 | €9,586 | -€7,445 | -43.7% |
| Amounts payable within one year | 42/48 | €121,923 | €221,744 | +€99,821 | +81.9% |
| Current portion of amounts payable after more than one year | 42 | €8,571 | €10,445 | +€1,875 | +21.9% |
| Financial debts | 43 | - | €45 | +€45 | |
| Credit institutions | 430/8 | - | €45 | +€45 | |
| Trade debts | 44 | €97,268 | €14,378 | -€82,890 | -85.2% |
| Suppliers | 440/4 | €97,268 | €14,378 | -€82,890 | -85.2% |
| Taxes, remuneration and social security | 45 | €7,867 | €3,547 | -€4,321 | -54.9% |
| Taxes | 450/3 | €6,367 | €3,547 | -€2,821 | -44.3% |
| Remuneration and social security | 454/9 | €1,500 | €0 | -€1,500 | -100% |
| Other amounts payable | 47/48 | €8,217 | €193,329 | +€185,113 | +2,253% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,637 | €8,385 | +€2,748 | +48.7% |
| Other operating charges | 640/8 | €1,728 | €1,786 | +€57 | +3.3% |
| Gross operating margin | 9900 | -€62,986 | -€63,921 | -€935 | -1.5% |
| Operating profit (loss) | 9901 | -€70,352 | -€74,092 | -€3,740 | -5.3% |
| Financial income | 75/76B | €5 | €14 | +€9 | +188% |
| Recurring financial income | 75 | €5 | €14 | +€9 | +188% |
| Financial charges | 65/66B | €6,857 | €5,628 | -€1,229 | -17.9% |
| Recurring financial charges | 65 | €6,857 | €5,628 | -€1,229 | -17.9% |
| Profit (loss) for the period before taxes | 9903 | -€77,205 | -€79,706 | -€2,502 | -3.2% |
| Income taxes | 67/77 | €289 | €362 | +€73 | +25.5% |
| Profit (loss) for the period | 9904 | -€77,493 | -€80,069 | -€2,575 | -3.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€77,493 | -€80,069 | -€2,575 | -3.3% |
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 28 October 2026 via checked.be.