MVA consultancy: 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.
MVA consultancy
Largest movements
- Cash -€10,145
down €10,145 (-100.0%), from €10,145 to €0
mainly Net result for the year (-€26,381) and Trade debts (-€2,349)
- Receivables within one year -€5,258
down €5,258 (-20.4%), from €25,777 to €20,519
of which Trade receivables: -€9,043
- Profit (loss) carried forward -€26,381
down €26,381, from €0 to -€26,381
- Short-term financial debts +€14,813
new in 2025: €14,813
- Trade debts -€2,349
down €2,349 (-47.1%), from €4,991 to €2,642
- Tax, wage and social debts -€1,213
down €1,213 (-8.0%), from €15,225 to €14,012
- Gross operating margin -€45,312
down €45,312, from €27,121 to -€18,191
- Taxes -€5,687
down €5,687 (-97.1%), from €5,854 to €167
- Financial charges +€2,964
up €2,964 (+188.1%), from €1,576 to €4,540
- Other operating charges +€1,183
up €1,183 (+75.8%), from €1,560 to €2,742
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.
Cash bridge derived
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 | €63,465 | €48,334 | -€15,131 | -23.8% |
| Fixed assets | 21/28 | €1,778 | €2,051 | +€273 | +15.3% |
| Tangible fixed assets | 22/27 | €1,778 | €2,051 | +€273 | +15.3% |
| Plant, machinery and equipment | 23 | €1,325 | €1,803 | +€478 | +36.0% |
| Furniture and vehicles | 24 | €453 | €248 | -€205 | -45.2% |
| Current assets | 29/58 | €61,687 | €46,284 | -€15,403 | -25.0% |
| Amounts receivable after more than one year | 29 | €25,765 | €25,765 | = | 0.0% |
| Other amounts receivable | 291 | €25,765 | €25,765 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €25,777 | €20,519 | -€5,258 | -20.4% |
| Trade receivables | 40 | €23,895 | €14,852 | -€9,043 | -37.8% |
| Other amounts receivable | 41 | €1,882 | €5,667 | +€3,785 | +201.1% |
| Cash at bank and in hand | 54/58 | €10,145 | €0 | -€10,145 | -100.0% |
| Total equity and liabilities | 10/49 | €63,465 | €48,334 | -€15,131 | -23.8% |
| Equity | 10/15 | €43,249 | €16,868 | -€26,381 | -61.0% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €39,249 | €39,249 | = | 0.0% |
| Distributable reserves | 133 | €39,249 | €39,249 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | -€26,381 | -€26,381 | |
| Amounts payable | 17/49 | €20,216 | €31,467 | +€11,251 | +55.7% |
| Amounts payable within one year | 42/48 | €20,216 | €31,467 | +€11,251 | +55.7% |
| Financial debts | 43 | - | €14,813 | +€14,813 | |
| Credit institutions | 430/8 | - | €14,813 | +€14,813 | |
| Trade debts | 44 | €4,991 | €2,642 | -€2,349 | -47.1% |
| Suppliers | 440/4 | €4,991 | €2,642 | -€2,349 | -47.1% |
| Taxes, remuneration and social security | 45 | €15,225 | €14,012 | -€1,213 | -8.0% |
| Taxes | 450/3 | €15,225 | €14,012 | -€1,213 | -8.0% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €689 | €914 | +€225 | +32.7% |
| Other operating charges | 640/8 | €1,560 | €2,742 | +€1,183 | +75.8% |
| Gross operating margin | 9900 | €27,121 | -€18,191 | -€45,312 | |
| Operating profit (loss) | 9901 | €24,872 | -€21,847 | -€46,719 | |
| Financial income | 75/76B | €46 | €173 | +€127 | +280.0% |
| Recurring financial income | 75 | €46 | €173 | +€127 | +280.0% |
| Financial charges | 65/66B | €1,576 | €4,540 | +€2,964 | +188.1% |
| Recurring financial charges | 65 | €1,576 | €4,540 | +€2,964 | +188.1% |
| Profit (loss) for the period before taxes | 9903 | €23,342 | -€26,214 | -€49,556 | |
| Income taxes | 67/77 | €5,854 | €167 | -€5,687 | -97.1% |
| Profit (loss) for the period | 9904 | €17,488 | -€26,381 | -€43,869 | |
| Profit (loss) for the period to be appropriated | 9905 | €17,488 | -€26,381 | -€43,869 |
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 10 October 2026 via checked.be.