MVD Consult: 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 Consult
Largest movements
- Receivables within one year -€31,525
down €31,525 (-68.2%), from €46,209 to €14,684
of which Trade receivables: -€16,623
- Cash -€25,363
down €25,363 (-38.8%), from €65,338 to €39,974
mainly Contributions, distributions and other (-€130,115) and Investment in fixed assets (net) (-€16,761)
- Tangible fixed assets +€9,508
up €9,508 (+34.4%), from €27,631 to €37,139
of which Other tangible fixed assets: +€12,664
- Reserves -€101,508
down €101,508 (-78.5%), from €129,282 to €27,774
- Other debts +€49,093
up €49,093 (+5,715%), from €859 to €49,952
- Tax, wage and social debts +€5,247
up €5,247 (+70.8%), from €7,412 to €12,658
- Gross operating margin -€6,087
down €6,087 (-11.7%), from €52,046 to €45,959
- Taxes -€1,136
down €1,136 (-10.8%), from €10,502 to €9,366
- Depreciation +€943
up €943 (+17.0%), from €5,560 to €6,503
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 | €140,940 | €94,399 | -€46,540 | -33.0% |
| Fixed assets | 21/28 | €27,631 | €37,889 | +€10,258 | +37.1% |
| Tangible fixed assets | 22/27 | €27,631 | €37,139 | +€9,508 | +34.4% |
| Furniture and vehicles | 24 | €8,408 | €5,252 | -€3,156 | -37.5% |
| Other tangible fixed assets | 26 | €19,223 | €31,887 | +€12,664 | +65.9% |
| Financial fixed assets | 28 | - | €750 | +€750 | |
| Current assets | 29/58 | €113,309 | €56,510 | -€56,798 | -50.1% |
| Amounts receivable within one year | 40/41 | €46,209 | €14,684 | -€31,525 | -68.2% |
| Trade receivables | 40 | €28,723 | €12,100 | -€16,623 | -57.9% |
| Other amounts receivable | 41 | €17,486 | €2,584 | -€14,902 | -85.2% |
| Cash at bank and in hand | 54/58 | €65,338 | €39,974 | -€25,363 | -38.8% |
| Deferred charges and accrued income | 490/1 | €1,762 | €1,852 | +€90 | +5.1% |
| Total equity and liabilities | 10/49 | €140,940 | €94,399 | -€46,540 | -33.0% |
| Equity | 10/15 | €131,282 | €29,774 | -€101,508 | -77.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €129,282 | €27,774 | -€101,508 | -78.5% |
| Distributable reserves | 133 | €129,282 | €27,774 | -€101,508 | -78.5% |
| Amounts payable | 17/49 | €9,657 | €64,625 | +€54,968 | +569% |
| Amounts payable within one year | 42/48 | €9,657 | €64,625 | +€54,968 | +569% |
| Trade debts | 44 | €1,387 | €2,015 | +€628 | +45.3% |
| Suppliers | 440/4 | €1,387 | €2,015 | +€628 | +45.3% |
| Taxes, remuneration and social security | 45 | €7,412 | €12,658 | +€5,247 | +70.8% |
| Taxes | 450/3 | €7,412 | €12,658 | +€5,247 | +70.8% |
| Other amounts payable | 47/48 | €859 | €49,952 | +€49,093 | +5,715% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,560 | €6,503 | +€943 | +17.0% |
| Other operating charges | 640/8 | €875 | €763 | -€112 | -12.8% |
| Gross operating margin | 9900 | €52,046 | €45,959 | -€6,087 | -11.7% |
| Operating profit (loss) | 9901 | €45,612 | €38,693 | -€6,918 | -15.2% |
| Financial income | 75/76B | €0 | €5 | +€5 | +1,122% |
| Recurring financial income | 75 | €0 | €5 | +€5 | +1,122% |
| Financial charges | 65/66B | €798 | €725 | -€74 | -9.2% |
| Recurring financial charges | 65 | €798 | €725 | -€74 | -9.2% |
| Profit (loss) for the period before taxes | 9903 | €44,814 | €37,973 | -€6,840 | -15.3% |
| Income taxes | 67/77 | €10,502 | €9,366 | -€1,136 | -10.8% |
| Profit (loss) for the period | 9904 | €34,312 | €28,607 | -€5,704 | -16.6% |
| Profit (loss) for the period to be appropriated | 9905 | €34,312 | €28,607 | -€5,704 | -16.6% |
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 29 October 2026 via checked.be.