Mvan: what changed
Two fiscal 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.
Mvan
Largest movements
- Stocks and contracts +€35,569
up €35,569 (+22.1%), from €160,817 to €196,386
- Receivables within one year -€3,182
down €3,182 (-65.1%), from €4,886 to €1,704
of which Trade receivables: -€3,182
- Other debts +€81,063
up €81,063 (+24.5%), from €330,958 to €412,021
- Profit (loss) carried forward -€43,223
down €43,223 (-18.8%), from -€230,064 to -€273,287
- Advances received -€2,457
down €2,457 (-100.0%), from €2,457 to €0
- Gross operating margin +€11,735
up €11,735 (+25.5%), from -€45,958 to -€34,224
- Financial charges +€593
up €593 (+10.5%), from €5,643 to €6,236
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €201,607 | €234,987 | +€33,380 | +16.6% |
| Fixed assets | 21/28 | €18,696 | €18,693 | -€3 | 0.0% |
| Tangible fixed assets | 22/27 | €11,295 | €11,292 | -€3 | 0.0% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €11,295 | €11,292 | -€3 | 0.0% |
| Financial fixed assets | 28 | €7,400 | €7,400 | = | 0.0% |
| Current assets | 29/58 | €182,911 | €216,294 | +€33,383 | +18.3% |
| Stocks and contracts in progress | 3 | €160,817 | €196,386 | +€35,569 | +22.1% |
| Stocks | 30/36 | €160,817 | €196,386 | +€35,569 | +22.1% |
| Amounts receivable within one year | 40/41 | €4,886 | €1,704 | -€3,182 | -65.1% |
| Trade receivables | 40 | €4,886 | €1,704 | -€3,182 | -65.1% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €15,022 | €16,219 | +€1,196 | +8.0% |
| Deferred charges and accrued income | 490/1 | €2,186 | €1,986 | -€201 | -9.2% |
| Total equity and liabilities | 10/49 | €201,607 | €234,987 | +€33,380 | +16.6% |
| Equity | 10/15 | -€162,414 | -€205,637 | -€43,223 | -26.6% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €6,150 | €6,150 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€230,064 | -€273,287 | -€43,223 | -18.8% |
| Amounts payable | 17/49 | €364,021 | €440,625 | +€76,604 | +21.0% |
| Amounts payable after more than one year | 17 | €15,000 | €15,000 | = | 0.0% |
| Financial debts | 170/4 | €15,000 | €15,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €349,021 | €425,625 | +€76,604 | +21.9% |
| Trade debts | 44 | €10,031 | €7,925 | -€2,107 | -21.0% |
| Suppliers | 440/4 | €10,031 | €7,925 | -€2,107 | -21.0% |
| Advances received on contracts in progress | 46 | €2,457 | €0 | -€2,457 | -100.0% |
| Taxes, remuneration and social security | 45 | €5,574 | €5,679 | +€105 | +1.9% |
| Taxes | 450/3 | €5,574 | €5,679 | +€105 | +1.9% |
| Other amounts payable | 47/48 | €330,958 | €412,021 | +€81,063 | +24.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,743 | €1,724 | -€18 | -1.1% |
| Other operating charges | 640/8 | €735 | €975 | +€240 | +32.6% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | -€45,958 | -€34,224 | +€11,735 | +25.5% |
| Operating profit (loss) | 9901 | -€48,436 | -€36,923 | +€11,513 | +23.8% |
| Financial income | 75/76B | €231 | €70 | -€161 | -69.8% |
| Recurring financial income | 75 | €231 | €70 | -€161 | -69.8% |
| Financial charges | 65/66B | €5,643 | €6,236 | +€593 | +10.5% |
| Recurring financial charges | 65 | €5,643 | €6,236 | +€593 | +10.5% |
| Profit (loss) for the period before taxes | 9903 | -€53,848 | -€43,089 | +€10,759 | +20.0% |
| Income taxes | 67/77 | €127 | €135 | +€8 | +6.4% |
| Profit (loss) for the period | 9904 | -€53,974 | -€43,223 | +€10,751 | +19.9% |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | -€53,974 | -€43,223 | +€10,751 | +19.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 July 2023 and 31 July 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.