MVCO: what changed
MVCO
Largest movements
- Tangible fixed assets +€10,039
new in 2013: €10,039
- Cash -€4,937
down €4,937 (-79.7%), from €6,195 to €1,259
mainly Investment in fixed assets (net) (-€12,659) and Receivables within one year (-€3,945)
- Receivables within one year +€3,945
up €3,945 (+88.5%), from €4,459 to €8,404
- Stocks and contracts +€365
up €365 (+82.8%), from €441 to €806
- Debts after one year +€9,384
new in 2013: €9,384
- Reserves +€1,038
up €1,038 (+23.8%), from €4,359 to €5,397
- Debts within one year -€1,009
down €1,009 (-17.6%), from €5,736 to €4,726
- Turnover -€17,205
no longer reported in 2013 (was €17,205)
- Depreciation +€2,620
new in 2013: €2,620
- Gross operating margin -€2,172
down €2,172 (-31.6%), from €6,878 to €4,706
- Taxes -€1,782
down €1,782 (-76.8%), from €2,321 to €539
Change in the result, 2012 to 2013
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2012 and 2013 balance sheets and the 2013 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2012 | 2013 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €11,095 | €20,507 | +€9,413 | +84.8% |
| Fixed assets | 21/28 | - | €10,039 | +€10,039 | |
| Tangible fixed assets | 22/27 | - | €10,039 | +€10,039 | |
| Current assets | 29/58 | €11,095 | €10,468 | -€627 | -5.6% |
| Stocks and contracts in progress | 3 | €441 | €806 | +€365 | +82.8% |
| Amounts receivable within one year | 40/41 | €4,459 | €8,404 | +€3,945 | +88.5% |
| Cash at bank and in hand | 54/58 | €6,195 | €1,259 | -€4,937 | -79.7% |
| Total equity and liabilities | 10/49 | €11,095 | €20,507 | +€9,413 | +84.8% |
| Equity | 10/15 | €5,359 | €6,397 | +€1,038 | +19.4% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €4,359 | €5,397 | +€1,038 | +23.8% |
| Amounts payable | 17/49 | €5,736 | €14,111 | +€8,375 | +146% |
| Amounts payable after more than one year | 17 | - | €9,384 | +€9,384 | |
| Amounts payable within one year | 42/48 | €5,736 | €4,726 | -€1,009 | -17.6% |
| Trade debts | 44 | €660 | €1,520 | +€860 | +130% |
| Turnover | 70 | €17,205 | - | -€17,205 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €2,620 | +€2,620 | |
| Gross operating margin | 9900 | €6,878 | €4,706 | -€2,172 | -31.6% |
| Operating profit (loss) | 9901 | €6,783 | €1,839 | -€4,943 | -72.9% |
| Recurring financial income | 75 | €3 | €58 | +€56 | +2,148% |
| Recurring financial charges | 65 | €105 | €321 | +€216 | +206% |
| Profit (loss) for the period before taxes | 9903 | €6,680 | €1,577 | -€5,104 | -76.4% |
| Income taxes | 67/77 | €2,321 | €539 | -€1,782 | -76.8% |
| Profit (loss) for the period | 9904 | €4,359 | €1,038 | -€3,321 | -76.2% |
| Profit (loss) for the period to be appropriated | 9905 | €4,359 | €1,038 | -€3,321 | -76.2% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2012 and 31 December 2013. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.