MvB: 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.
MvB
Largest movements
- Tangible fixed assets -€9,267
down €9,267 (-6.8%), from €137,186 to €127,919
of which Furniture and vehicles: -€4,688
- Receivables within one year -€4,977
down €4,977 (-67.3%), from €7,398 to €2,421
of which Trade receivables: -€4,928
- Cash +€3,989
up €3,989 (+450.7%), from €885 to €4,874
mainly Net result for the year (+€10,025) and Depreciation (+€9,267)
- Other debts -€10,568
down €10,568 (-92.7%), from €11,403 to €835
- Profit (loss) carried forward +€10,025
up €10,025 (+71.8%), from €13,965 to €23,990
- Current portion of long-term debt -€9,332
down €9,332 (-91.4%), from €10,205 to €873
- Gross operating margin -€14,389
down €14,389 (-40.4%), from €35,608 to €21,219
- Turnover -€11,511
down €11,511 (-18.9%), from €61,049 to €49,538
- Purchases and services +€2,878
up €2,878 (+11.3%), from €25,441 to €28,319
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 | €147,915 | €137,660 | -€10,255 | -6.9% |
| Fixed assets | 21/28 | €137,336 | €128,069 | -€9,267 | -6.7% |
| Tangible fixed assets | 22/27 | €137,186 | €127,919 | -€9,267 | -6.8% |
| Land and buildings | 22 | €100,268 | €96,772 | -€3,496 | -3.5% |
| Plant, machinery and equipment | 23 | €17,778 | €16,695 | -€1,083 | -6.1% |
| Furniture and vehicles | 24 | €19,140 | €14,452 | -€4,688 | -24.5% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €10,579 | €9,591 | -€988 | -9.3% |
| Stocks and contracts in progress | 3 | €2,296 | €2,296 | = | 0.0% |
| Stocks | 30/36 | €2,296 | €2,296 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €7,398 | €2,421 | -€4,977 | -67.3% |
| Trade receivables | 40 | €7,349 | €2,421 | -€4,928 | -67.1% |
| Other amounts receivable | 41 | €49 | - | -€49 | |
| Cash at bank and in hand | 54/58 | €885 | €4,874 | +€3,989 | +450.7% |
| Total equity and liabilities | 10/49 | €147,915 | €137,660 | -€10,255 | -6.9% |
| Equity | 10/15 | €124,128 | €134,153 | +€10,025 | +8.1% |
| Contributions | 10/11 | €105,792 | €105,792 | = | 0.0% |
| Reserves | 13 | €4,371 | €4,371 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,864 | €1,864 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,864 | €1,864 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,507 | €2,507 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,965 | €23,990 | +€10,025 | +71.8% |
| Amounts payable | 17/49 | €23,787 | €3,507 | -€20,280 | -85.3% |
| Amounts payable after more than one year | 17 | €873 | - | -€873 | |
| Financial debts | 170/4 | €873 | - | -€873 | |
| Amounts payable within one year | 42/48 | €22,914 | €3,507 | -€19,407 | -84.7% |
| Current portion of amounts payable after more than one year | 42 | €10,205 | €873 | -€9,332 | -91.4% |
| Trade debts | 44 | - | €26 | +€26 | |
| Suppliers | 440/4 | - | €26 | +€26 | |
| Taxes, remuneration and social security | 45 | €1,306 | €1,773 | +€467 | +35.8% |
| Taxes | 450/3 | €1,306 | €1,773 | +€467 | +35.8% |
| Other amounts payable | 47/48 | €11,403 | €835 | -€10,568 | -92.7% |
| Turnover | 70 | €61,049 | €49,538 | -€11,511 | -18.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €25,441 | €28,319 | +€2,878 | +11.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,560 | €9,267 | -€293 | -3.1% |
| Other operating charges | 640/8 | €1,438 | €1,411 | -€27 | -1.9% |
| Gross operating margin | 9900 | €35,608 | €21,219 | -€14,389 | -40.4% |
| Operating profit (loss) | 9901 | €24,610 | €10,541 | -€14,069 | -57.2% |
| Financial charges | 65/66B | €826 | €516 | -€310 | -37.5% |
| Recurring financial charges | 65 | €826 | €516 | -€310 | -37.5% |
| Profit (loss) for the period before taxes | 9903 | €23,784 | €10,025 | -€13,759 | -57.8% |
| Profit (loss) for the period | 9904 | €23,784 | €10,025 | -€13,759 | -57.8% |
| Profit (loss) for the period to be appropriated | 9905 | €23,784 | €10,025 | -€13,759 | -57.8% |
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 12 October 2026 via checked.be.