MVD ART CONSTRUCT: 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.
MVD ART CONSTRUCT
Largest movements
- Tangible fixed assets +€40,456
up €40,456 (+3,101%), from €1,305 to €41,761
- Receivables within one year +€2,654
up €2,654 (+189%), from €1,408 to €4,062
of which Trade receivables: +€2,655
- Trade debts +€24,903
up €24,903 (+12,274%), from €203 to €25,106
- Profit (loss) carried forward +€16,270
up €16,270, from -€9,848 to €6,422
- Tax, wage and social debts +€1,735
new in 2025: €1,735
- Gross operating margin +€22,479
up €22,479, from -€3,170 to €19,309
- Depreciation -€4,045
down €4,045 (-75.6%), from €5,350 to €1,305
- Taxes +€1,734
new in 2025: €1,734
- Other operating charges -€1,578
no longer reported in 2025 (was €1,578)
- Financial charges -€678
no longer reported in 2025 (was €678)
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 | €5,159 | €48,270 | +€43,111 | +836% |
| Fixed assets | 21/28 | €1,305 | €41,761 | +€40,456 | +3,101% |
| Tangible fixed assets | 22/27 | €1,305 | €41,761 | +€40,456 | +3,101% |
| Furniture and vehicles | 24 | €1,305 | €41,761 | +€40,456 | +3,101% |
| Current assets | 29/58 | €3,854 | €6,509 | +€2,655 | +68.9% |
| Amounts receivable within one year | 40/41 | €1,408 | €4,062 | +€2,654 | +189% |
| Trade receivables | 40 | - | €2,655 | +€2,655 | |
| Other amounts receivable | 41 | €1,408 | €1,407 | -€1 | 0.0% |
| Cash at bank and in hand | 54/58 | €2,447 | €2,447 | +€0 | 0.0% |
| Total equity and liabilities | 10/49 | €5,159 | €48,270 | +€43,111 | +836% |
| Equity | 10/15 | -€9,348 | €6,922 | +€16,270 | |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Contributions outside capital | 11 | €500 | €500 | = | 0.0% |
| Other | 1109/19 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,848 | €6,422 | +€16,270 | |
| Amounts payable | 17/49 | €14,507 | €41,348 | +€26,841 | +185% |
| Amounts payable within one year | 42/48 | €14,507 | €41,348 | +€26,841 | +185% |
| Trade debts | 44 | €203 | €25,106 | +€24,903 | +12,274% |
| Suppliers | 440/4 | €203 | €25,106 | +€24,903 | +12,274% |
| Taxes, remuneration and social security | 45 | - | €1,735 | +€1,735 | |
| Taxes | 450/3 | - | €1,735 | +€1,735 | |
| Other amounts payable | 47/48 | €14,304 | €14,507 | +€203 | +1.4% |
| Remuneration, social security and pensions | 62 | €32 | - | -€32 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,350 | €1,305 | -€4,045 | -75.6% |
| Other operating charges | 640/8 | €1,578 | - | -€1,578 | |
| Gross operating margin | 9900 | -€3,170 | €19,309 | +€22,479 | |
| Operating profit (loss) | 9901 | -€10,129 | €18,004 | +€28,133 | |
| Financial income | 75/76B | €287 | - | -€287 | |
| Recurring financial income | 75 | €287 | - | -€287 | |
| Financial charges | 65/66B | €678 | - | -€678 | |
| Recurring financial charges | 65 | €678 | - | -€678 | |
| Profit (loss) for the period before taxes | 9903 | -€10,521 | €18,004 | +€28,525 | |
| Income taxes | 67/77 | - | €1,734 | +€1,734 | |
| Profit (loss) for the period | 9904 | -€10,521 | €16,270 | +€26,791 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,521 | €16,270 | +€26,791 |
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 18 October 2026 via checked.be.