MVCK: 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.
MVCK
Largest movements
- Tangible fixed assets -€11,096
down €11,096 (-17.7%), from €62,806 to €51,710
of which Leasing and similar rights: -€10,504
- Receivables within one year +€8,636
up €8,636 (+80.8%), from €10,693 to €19,329
of which Trade receivables: +€12,859
- Cash -€3,270
down €3,270 (-24.1%), from €13,575 to €10,305
mainly Debts after one year (-€8,753) and Receivables within one year (-€8,636)
- Deferred charges and accrued income +€1,229
up €1,229 (+36.2%), from €3,396 to €4,624
- Debts after one year -€8,753
down €8,753 (-24.8%), from €35,311 to €26,558
- Other debts +€3,444
up €3,444 (+8.7%), from €39,645 to €43,089
- Tax, wage and social debts +€2,213
up €2,213 (+43.7%), from €5,060 to €7,274
- Trade debts -€1,781
down €1,781 (-16.5%), from €10,799 to €9,018
- Gross operating margin +€35,031
up €35,031, from -€14,027 to €21,004
- Depreciation +€12,286
up €12,286 (+332%), from €3,701 to €15,987
- Taxes +€2,073
up €2,073 (+162%), from €1,277 to €3,350
- Financial income +€1,690
new in 2025: €1,690
- Financial charges +€1,172
up €1,172 (+213%), from €549 to €1,721
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 | €90,470 | €85,968 | -€4,502 | -5.0% |
| Fixed assets | 21/28 | €62,806 | €51,710 | -€11,096 | -17.7% |
| Tangible fixed assets | 22/27 | €62,806 | €51,710 | -€11,096 | -17.7% |
| Furniture and vehicles | 24 | €5,800 | €10,296 | +€4,497 | +77.5% |
| Leasing and similar rights | 25 | €51,918 | €41,414 | -€10,504 | -20.2% |
| Other tangible fixed assets | 26 | €5,088 | - | -€5,088 | |
| Current assets | 29/58 | €27,664 | €34,258 | +€6,594 | +23.8% |
| Amounts receivable within one year | 40/41 | €10,693 | €19,329 | +€8,636 | +80.8% |
| Trade receivables | 40 | €6,470 | €19,329 | +€12,859 | +199% |
| Other amounts receivable | 41 | €4,223 | - | -€4,223 | |
| Cash at bank and in hand | 54/58 | €13,575 | €10,305 | -€3,270 | -24.1% |
| Deferred charges and accrued income | 490/1 | €3,396 | €4,624 | +€1,229 | +36.2% |
| Total equity and liabilities | 10/49 | €90,470 | €85,968 | -€4,502 | -5.0% |
| Equity | 10/15 | -€8,793 | -€8,724 | +€69 | +0.8% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€12,793 | -€12,724 | +€69 | +0.5% |
| Amounts payable | 17/49 | €99,263 | €94,692 | -€4,571 | -4.6% |
| Amounts payable after more than one year | 17 | €35,311 | €26,558 | -€8,753 | -24.8% |
| Financial debts | 170/4 | €35,311 | €26,558 | -€8,753 | -24.8% |
| Amounts payable within one year | 42/48 | €63,952 | €68,134 | +€4,182 | +6.5% |
| Current portion of amounts payable after more than one year | 42 | €8,448 | €8,753 | +€306 | +3.6% |
| Trade debts | 44 | €10,799 | €9,018 | -€1,781 | -16.5% |
| Suppliers | 440/4 | €10,799 | €9,018 | -€1,781 | -16.5% |
| Taxes, remuneration and social security | 45 | €5,060 | €7,274 | +€2,213 | +43.7% |
| Taxes | 450/3 | €5,060 | €7,274 | +€2,213 | +43.7% |
| Other amounts payable | 47/48 | €39,645 | €43,089 | +€3,444 | +8.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,701 | €15,987 | +€12,286 | +332% |
| Other operating charges | 640/8 | €2,178 | €1,567 | -€611 | -28.0% |
| Gross operating margin | 9900 | -€14,027 | €21,004 | +€35,031 | |
| Operating profit (loss) | 9901 | -€19,905 | €3,450 | +€23,355 | |
| Financial income | 75/76B | - | €1,690 | +€1,690 | |
| Recurring financial income | 75 | - | €1,690 | +€1,690 | |
| Financial charges | 65/66B | €549 | €1,721 | +€1,172 | +213% |
| Recurring financial charges | 65 | €549 | €1,721 | +€1,172 | +213% |
| Profit (loss) for the period before taxes | 9903 | -€20,455 | €3,419 | +€23,874 | |
| Income taxes | 67/77 | €1,277 | €3,350 | +€2,073 | +162% |
| Profit (loss) for the period | 9904 | -€21,732 | €69 | +€21,801 | |
| Profit (loss) for the period to be appropriated | 9905 | -€21,732 | €69 | +€21,801 |
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 17 October 2026 via checked.be.