MVB Invest: 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 Invest
Largest movements
- Receivables within one year +€82,940
up €82,940 (+54.8%), from €151,351 to €234,291
of which Trade receivables: +€135,185
- Tangible fixed assets -€25,085
down €25,085 (-5.0%), from €504,670 to €479,585
of which Land and buildings: -€26,975
- Trade debts +€125,405
up €125,405 (+595%), from €21,067 to €146,472
- Profit (loss) carried forward -€39,089
new in 2025: -€39,089
- Debts after one year -€22,684
down €22,684 (-6.4%), from €355,371 to €332,686
- Tax, wage and social debts -€11,713
down €11,713 (-42.7%), from €27,457 to €15,744
- Write-downs +€98,574
new in 2025: €98,574
- Taxes -€24,182
no longer reported in 2025 (was €24,182)
- Gross operating margin +€6,987
up €6,987 (+7.7%), from €90,689 to €97,676
- Depreciation +€3,368
up €3,368 (+24.4%), from €13,807 to €17,175
- Other operating charges +€2,510
up €2,510 (+91.7%), from €2,737 to €5,248
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 | €669,418 | €722,256 | +€52,839 | +7.9% |
| Fixed assets | 21/28 | €504,670 | €479,585 | -€25,085 | -5.0% |
| Tangible fixed assets | 22/27 | €504,670 | €479,585 | -€25,085 | -5.0% |
| Land and buildings | 22 | €504,670 | €477,696 | -€26,975 | -5.3% |
| Plant, machinery and equipment | 23 | - | €1,889 | +€1,889 | |
| Current assets | 29/58 | €164,748 | €242,672 | +€77,924 | +47.3% |
| Amounts receivable within one year | 40/41 | €151,351 | €234,291 | +€82,940 | +54.8% |
| Trade receivables | 40 | €18,001 | €153,186 | +€135,185 | +751% |
| Other amounts receivable | 41 | €133,350 | €81,105 | -€52,245 | -39.2% |
| Cash at bank and in hand | 54/58 | €12,728 | €7,777 | -€4,952 | -38.9% |
| Deferred charges and accrued income | 490/1 | €668 | €604 | -€64 | -9.6% |
| Total equity and liabilities | 10/49 | €669,418 | €722,256 | +€52,839 | +7.9% |
| Equity | 10/15 | €215,414 | €176,325 | -€39,089 | -18.1% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €213,414 | €213,414 | = | 0.0% |
| Distributable reserves | 133 | €213,414 | €213,414 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€39,089 | -€39,089 | |
| Amounts payable | 17/49 | €454,004 | €545,931 | +€91,927 | +20.2% |
| Amounts payable after more than one year | 17 | €355,371 | €332,686 | -€22,684 | -6.4% |
| Financial debts | 170/4 | €355,371 | €332,686 | -€22,684 | -6.4% |
| Amounts payable within one year | 42/48 | €98,633 | €213,245 | +€114,612 | +116% |
| Current portion of amounts payable after more than one year | 42 | €21,804 | €22,684 | +€881 | +4.0% |
| Trade debts | 44 | €21,067 | €146,472 | +€125,405 | +595% |
| Suppliers | 440/4 | €21,067 | €146,472 | +€125,405 | +595% |
| Taxes, remuneration and social security | 45 | €27,457 | €15,744 | -€11,713 | -42.7% |
| Taxes | 450/3 | €27,457 | €15,744 | -€11,713 | -42.7% |
| Other amounts payable | 47/48 | €28,306 | €28,344 | +€38 | +0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,807 | €17,175 | +€3,368 | +24.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €98,574 | +€98,574 | |
| Other operating charges | 640/8 | €2,737 | €5,248 | +€2,510 | +91.7% |
| Gross operating margin | 9900 | €90,689 | €97,676 | +€6,987 | +7.7% |
| Operating profit (loss) | 9901 | €74,144 | -€23,321 | -€97,465 | |
| Financial income | 75/76B | €91 | €1,125 | +€1,034 | +1,139% |
| Recurring financial income | 75 | €91 | €1,125 | +€1,034 | +1,139% |
| Financial charges | 65/66B | €17,532 | €16,892 | -€640 | -3.6% |
| Recurring financial charges | 65 | €17,532 | €16,892 | -€640 | -3.6% |
| Profit (loss) for the period before taxes | 9903 | €56,703 | -€39,089 | -€95,791 | |
| Income taxes | 67/77 | €24,182 | - | -€24,182 | |
| Profit (loss) for the period | 9904 | €32,521 | -€39,089 | -€71,610 | |
| Profit (loss) for the period to be appropriated | 9905 | €32,521 | -€39,089 | -€71,610 |
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 24 October 2026 via checked.be.