MVD ALL PAINTS: what changed
MVD ALL PAINTS
Largest movements
- Receivables within one year +€35,203
up €35,203 (+59.0%), from €59,646 to €94,849
of which Trade receivables: +€22,332
- Cash -€30,124
down €30,124 (-16.7%), from €180,677 to €150,553
mainly Receivables within one year (-€35,203) and Net result for the year (-€7,807)
- Advances received +€18,204
new in 2025: €18,204
- Reserves -€7,807
down €7,807 (-10.8%), from €72,080 to €64,273
of which Tax-exempt reserves: -€11,880
- Trade debts -€5,169
down €5,169 (-75.5%), from €6,846 to €1,677
- Tax, wage and social debts +€3,018
new in 2025: €3,018
- Gross operating margin -€11,365
down €11,365, from €8,069 to -€3,297
- Financial charges +€752
up €752 (+246%), from €305 to €1,057
- Taxes +€724
up €724 (+27.3%), from €2,653 to €3,377
- Financial income -€617
down €617 (-41.3%), from €1,494 to €877
- Depreciation -€304
down €304 (-78.2%), from €389 to €85
Change in the result, 2024 to 2025
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 2024 and 2025 balance sheets and the 2025 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 | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €240,787 | €245,801 | +€5,013 | +2.1% |
| Fixed assets | 21/28 | €85 | - | -€85 | |
| Tangible fixed assets | 22/27 | €85 | - | -€85 | |
| Plant, machinery and equipment | 23 | €85 | - | -€85 | |
| Current assets | 29/58 | €240,702 | €245,801 | +€5,098 | +2.1% |
| Amounts receivable within one year | 40/41 | €59,646 | €94,849 | +€35,203 | +59.0% |
| Trade receivables | 40 | €15,517 | €37,848 | +€22,332 | +144% |
| Other amounts receivable | 41 | €44,130 | €57,001 | +€12,871 | +29.2% |
| Cash at bank and in hand | 54/58 | €180,677 | €150,553 | -€30,124 | -16.7% |
| Deferred charges and accrued income | 490/1 | €379 | €399 | +€20 | +5.2% |
| Total equity and liabilities | 10/49 | €240,787 | €245,801 | +€5,013 | +2.1% |
| Equity | 10/15 | €227,193 | €217,720 | -€9,473 | -4.2% |
| Contributions | 10/11 | €40,902 | €40,902 | = | 0.0% |
| Reserves | 13 | €72,080 | €64,273 | -€7,807 | -10.8% |
| Non-distributable reserves | 130/1 | €4,958 | €4,958 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,958 | €4,958 | = | 0.0% |
| Tax-exempt reserves | 132 | €11,880 | - | -€11,880 | |
| Distributable reserves | 133 | €55,242 | €59,315 | +€4,073 | +7.4% |
| Profit (loss) carried forward | 14 | €114,211 | €112,545 | -€1,666 | -1.5% |
| Amounts payable | 17/49 | €13,594 | €28,081 | +€14,486 | +107% |
| Amounts payable within one year | 42/48 | €13,594 | €28,081 | +€14,486 | +107% |
| Trade debts | 44 | €6,846 | €1,677 | -€5,169 | -75.5% |
| Suppliers | 440/4 | €6,846 | €1,677 | -€5,169 | -75.5% |
| Advances received on contracts in progress | 46 | - | €18,204 | +€18,204 | |
| Taxes, remuneration and social security | 45 | - | €3,018 | +€3,018 | |
| Taxes | 450/3 | - | €3,018 | +€3,018 | |
| Other amounts payable | 47/48 | €6,748 | €5,181 | -€1,568 | -23.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €389 | €85 | -€304 | -78.2% |
| Other operating charges | 640/8 | €973 | €868 | -€105 | -10.8% |
| Gross operating margin | 9900 | €8,069 | -€3,297 | -€11,365 | |
| Operating profit (loss) | 9901 | €6,706 | -€4,250 | -€10,956 | |
| Financial income | 75/76B | €1,494 | €877 | -€617 | -41.3% |
| Recurring financial income | 75 | €1,494 | €877 | -€617 | -41.3% |
| Financial charges | 65/66B | €305 | €1,057 | +€752 | +246% |
| Recurring financial charges | 65 | €305 | €1,057 | +€752 | +246% |
| Profit (loss) for the period before taxes | 9903 | €7,895 | -€4,430 | -€12,325 | |
| Income taxes | 67/77 | €2,653 | €3,377 | +€724 | +27.3% |
| Profit (loss) for the period | 9904 | €5,242 | -€7,807 | -€13,049 | |
| Transfer from tax-exempt reserves | 789 | - | €11,880 | +€11,880 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,242 | €4,073 | -€1,169 | -22.3% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.