MVB Group: 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 Group
Largest movements
- Cash +€8,386
up €8,386 (+40.6%), from €20,650 to €29,036
mainly Receivables within one year (+€7,575) and Net result for the year (+€6,273)
- Receivables within one year -€7,575
down €7,575 (-25.0%), from €30,327 to €22,752
of which Trade receivables: -€7,200
- Tangible fixed assets -€5,882
down €5,882 (-26.8%), from €21,982 to €16,100
- Deferred charges and accrued income -€783
no longer reported in 2025 (was €783)
- Profit (loss) carried forward +€6,273
up €6,273 (+16.5%), from €38,043 to €44,316
- Accrued charges and deferred income -€5,850
down €5,850 (-79.6%), from €7,350 to €1,500
- Debts after one year -€4,724
down €4,724 (-34.4%), from €13,735 to €9,011
- Tax, wage and social debts -€809
down €809 (-31.6%), from €2,558 to €1,749
- Gross operating margin -€4,967
down €4,967 (-25.3%), from €19,667 to €14,700
- Other operating charges -€926
down €926 (-87.9%), from €1,054 to €128
- Taxes -€809
down €809 (-31.6%), from €2,558 to €1,749
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 | €73,742 | €67,888 | -€5,854 | -7.9% |
| Fixed assets | 21/28 | €21,982 | €16,100 | -€5,882 | -26.8% |
| Tangible fixed assets | 22/27 | €21,982 | €16,100 | -€5,882 | -26.8% |
| Furniture and vehicles | 24 | €21,982 | €16,100 | -€5,882 | -26.8% |
| Current assets | 29/58 | €51,760 | €51,788 | +€28 | +0.1% |
| Amounts receivable within one year | 40/41 | €30,327 | €22,752 | -€7,575 | -25.0% |
| Trade receivables | 40 | €29,700 | €22,500 | -€7,200 | -24.2% |
| Other amounts receivable | 41 | €627 | €252 | -€375 | -59.8% |
| Cash at bank and in hand | 54/58 | €20,650 | €29,036 | +€8,386 | +40.6% |
| Deferred charges and accrued income | 490/1 | €783 | - | -€783 | |
| Total equity and liabilities | 10/49 | €73,742 | €67,888 | -€5,854 | -7.9% |
| Equity | 10/15 | €44,427 | €50,700 | +€6,273 | +14.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €184 | €184 | = | 0.0% |
| Distributable reserves | 133 | €184 | €184 | = | 0.0% |
| Profit (loss) carried forward | 14 | €38,043 | €44,316 | +€6,273 | +16.5% |
| Amounts payable | 17/49 | €29,315 | €17,188 | -€12,127 | -41.4% |
| Amounts payable after more than one year | 17 | €13,735 | €9,011 | -€4,724 | -34.4% |
| Financial debts | 170/4 | €13,735 | €9,011 | -€4,724 | -34.4% |
| Amounts payable within one year | 42/48 | €8,230 | €6,677 | -€1,553 | -18.9% |
| Current portion of amounts payable after more than one year | 42 | €4,595 | €4,724 | +€129 | +2.8% |
| Trade debts | 44 | €425 | - | -€425 | |
| Suppliers | 440/4 | €425 | - | -€425 | |
| Taxes, remuneration and social security | 45 | €2,558 | €1,749 | -€809 | -31.6% |
| Taxes | 450/3 | €2,558 | €1,749 | -€809 | -31.6% |
| Other amounts payable | 47/48 | €652 | €204 | -€448 | -68.7% |
| Accrued charges and deferred income | 492/3 | €7,350 | €1,500 | -€5,850 | -79.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,882 | €5,882 | = | 0.0% |
| Other operating charges | 640/8 | €1,054 | €128 | -€926 | -87.9% |
| Gross operating margin | 9900 | €19,667 | €14,700 | -€4,967 | -25.3% |
| Operating profit (loss) | 9901 | €12,731 | €8,690 | -€4,041 | -31.7% |
| Financial charges | 65/66B | €750 | €668 | -€82 | -10.9% |
| Recurring financial charges | 65 | €750 | €668 | -€82 | -10.9% |
| Profit (loss) for the period before taxes | 9903 | €11,981 | €8,022 | -€3,959 | -33.0% |
| Income taxes | 67/77 | €2,558 | €1,749 | -€809 | -31.6% |
| Profit (loss) for the period | 9904 | €9,423 | €6,273 | -€3,150 | -33.4% |
| Profit (loss) for the period to be appropriated | 9905 | €9,423 | €6,273 | -€3,150 | -33.4% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.