MVbouwprojecten: 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.
MVbouwprojecten
Largest movements
- Cash -€424,553
down €424,553 (-40.6%), from €1.0m to €621,008
mainly Contributions, distributions and other (-€1.2m) and Stocks and contracts (-€330,000)
- Stocks and contracts +€330,000
up €330,000 (+110.0%), from €300,000 to €630,000
- Receivables within one year +€87,482
up €87,482 (+12.0%), from €729,281 to €816,763
of which Trade receivables: +€136,301
- Tangible fixed assets +€50,850
up €50,850 (+1434.4%), from €3,545 to €54,395
of which Plant, machinery and equipment: +€51,561
- Reserves -€318,009
down €318,009 (-20.5%), from €1.6m to €1.2m
- Other debts +€302,000
up €302,000 (+188.6%), from €160,085 to €462,085
- Trade debts +€177,907
up €177,907 (+1632.2%), from €10,900 to €188,807
- Tax, wage and social debts -€143,125
down €143,125 (-75.0%), from €190,807 to €47,682
of which Taxes: -€145,818
- Short-term financial debts +€25,006
up €25,006 (+33.9%), from €73,847 to €98,853
- Gross operating margin +€194,262
up €194,262 (+15.7%), from €1.2m to €1.4m
- Taxes +€52,190
up €52,190 (+22.1%), from €235,643 to €287,834
- Financial charges -€26,616
down €26,616 (-49.6%), from €53,709 to €27,093
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 | €2,078,386 | €2,122,166 | +€43,780 | +2.1% |
| Fixed assets | 21/28 | €3,545 | €54,395 | +€50,850 | +1434.4% |
| Tangible fixed assets | 22/27 | €3,545 | €54,395 | +€50,850 | +1434.4% |
| Plant, machinery and equipment | 23 | €702 | €52,263 | +€51,561 | +7344.9% |
| Furniture and vehicles | 24 | €2,843 | €2,132 | -€711 | -25.0% |
| Current assets | 29/58 | €2,074,841 | €2,067,771 | -€7,071 | -0.3% |
| Stocks and contracts in progress | 3 | €300,000 | €630,000 | +€330,000 | +110.0% |
| Stocks | 30/36 | €300,000 | €630,000 | +€330,000 | +110.0% |
| Amounts receivable within one year | 40/41 | €729,281 | €816,763 | +€87,482 | +12.0% |
| Trade receivables | 40 | €182,014 | €318,315 | +€136,301 | +74.9% |
| Other amounts receivable | 41 | €547,267 | €498,448 | -€48,819 | -8.9% |
| Cash at bank and in hand | 54/58 | €1,045,560 | €621,008 | -€424,553 | -40.6% |
| Total equity and liabilities | 10/49 | €2,078,386 | €2,122,166 | +€43,780 | +2.1% |
| Equity | 10/15 | €1,642,747 | €1,324,739 | -€318,009 | -19.4% |
| Contributions | 10/11 | €90,000 | €90,000 | = | 0.0% |
| Reserves | 13 | €1,552,747 | €1,234,739 | -€318,009 | -20.5% |
| Distributable reserves | 133 | €1,552,747 | €1,234,739 | -€318,009 | -20.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €435,639 | €797,428 | +€361,788 | +83.0% |
| Amounts payable within one year | 42/48 | €435,639 | €797,428 | +€361,788 | +83.0% |
| Financial debts | 43 | €73,847 | €98,853 | +€25,006 | +33.9% |
| Credit institutions | 430/8 | €73,847 | €98,853 | +€25,006 | +33.9% |
| Trade debts | 44 | €10,900 | €188,807 | +€177,907 | +1632.2% |
| Suppliers | 440/4 | €10,900 | €188,807 | +€177,907 | +1632.2% |
| Taxes, remuneration and social security | 45 | €190,807 | €47,682 | -€143,125 | -75.0% |
| Taxes | 450/3 | €190,807 | €44,989 | -€145,818 | -76.4% |
| Remuneration and social security | 454/9 | €0 | €2,693 | +€2,693 | |
| Other amounts payable | 47/48 | €160,085 | €462,085 | +€302,000 | +188.6% |
| Remuneration, social security and pensions | 62 | €239,290 | €244,147 | +€4,857 | +2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,888 | €4,800 | +€2,912 | +154.3% |
| Other operating charges | 640/8 | €2,898 | €2,442 | -€456 | -15.7% |
| Gross operating margin | 9900 | €1,234,709 | €1,428,971 | +€194,262 | +15.7% |
| Operating profit (loss) | 9901 | €990,634 | €1,177,583 | +€186,949 | +18.9% |
| Financial income | 75/76B | €14,983 | €19,336 | +€4,353 | +29.1% |
| Recurring financial income | 75 | €14,983 | €19,336 | +€4,353 | +29.1% |
| Financial charges | 65/66B | €53,709 | €27,093 | -€26,616 | -49.6% |
| Recurring financial charges | 65 | €53,709 | €27,093 | -€26,616 | -49.6% |
| Profit (loss) for the period before taxes | 9903 | €951,908 | €1,169,825 | +€217,917 | +22.9% |
| Income taxes | 67/77 | €235,643 | €287,834 | +€52,190 | +22.1% |
| Profit (loss) for the period | 9904 | €716,264 | €881,991 | +€165,727 | +23.1% |
| Profit (loss) for the period to be appropriated | 9905 | €716,264 | €881,991 | +€165,727 | +23.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.