MVD CONSULTING: 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 CONSULTING
Largest movements
- Receivables within one year -€51,148
down €51,148 (-95.3%), from €53,682 to €2,534
of which Trade receivables: -€53,500
- Tangible fixed assets -€13,780
down €13,780 (-5.9%), from €232,736 to €218,956
of which Land and buildings: -€12,358
- Cash -€9,272
down €9,272 (-37.2%), from €24,924 to €15,652
mainly Trade debts (-€61,764) and Contributions, distributions and other (-€54,171)
- Trade debts -€61,764
down €61,764 (-94.1%), from €65,654 to €3,890
- Debts after one year -€12,870
down €12,870 (-7.5%), from €172,652 to €159,782
- Reserves -€9,423
down €9,423 (-29.4%), from €32,088 to €22,666
- Short-term financial debts +€6,056
up €6,056, from €0 to €6,056
- Tax, wage and social debts +€3,541
up €3,541 (+15.7%), from €22,487 to €26,029
- Gross operating margin -€19,955
down €19,955 (-18.0%), from €110,719 to €90,764
- Depreciation -€2,232
down €2,232 (-12.9%), from €17,306 to €15,074
- Taxes -€1,167
down €1,167 (-6.6%), from €17,818 to €16,651
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 | €311,866 | €237,492 | -€74,375 | -23.8% |
| Fixed assets | 21/28 | €233,086 | €219,306 | -€13,780 | -5.9% |
| Tangible fixed assets | 22/27 | €232,736 | €218,956 | -€13,780 | -5.9% |
| Land and buildings | 22 | €219,013 | €206,656 | -€12,358 | -5.6% |
| Furniture and vehicles | 24 | €13,722 | €12,301 | -€1,422 | -10.4% |
| Financial fixed assets | 28 | €350 | €350 | = | 0.0% |
| Current assets | 29/58 | €78,781 | €18,186 | -€60,595 | -76.9% |
| Amounts receivable within one year | 40/41 | €53,682 | €2,534 | -€51,148 | -95.3% |
| Trade receivables | 40 | €53,500 | €0 | -€53,500 | -100% |
| Other amounts receivable | 41 | €182 | €2,534 | +€2,352 | +1,293% |
| Cash at bank and in hand | 54/58 | €24,924 | €15,652 | -€9,272 | -37.2% |
| Deferred charges and accrued income | 490/1 | €175 | €0 | -€175 | -100% |
| Total equity and liabilities | 10/49 | €311,866 | €237,492 | -€74,375 | -23.8% |
| Equity | 10/15 | €38,288 | €28,866 | -€9,423 | -24.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €32,088 | €22,666 | -€9,423 | -29.4% |
| Distributable reserves | 133 | €32,088 | €22,666 | -€9,423 | -29.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €273,578 | €208,626 | -€64,952 | -23.7% |
| Amounts payable after more than one year | 17 | €172,652 | €159,782 | -€12,870 | -7.5% |
| Financial debts | 170/4 | €172,652 | €159,782 | -€12,870 | -7.5% |
| Amounts payable within one year | 42/48 | €100,686 | €48,844 | -€51,842 | -51.5% |
| Current portion of amounts payable after more than one year | 42 | €12,545 | €12,870 | +€324 | +2.6% |
| Financial debts | 43 | €0 | €6,056 | +€6,056 | |
| Credit institutions | 430/8 | €0 | €6,056 | +€6,056 | |
| Trade debts | 44 | €65,654 | €3,890 | -€61,764 | -94.1% |
| Suppliers | 440/4 | €65,654 | €3,890 | -€61,764 | -94.1% |
| Taxes, remuneration and social security | 45 | €22,487 | €26,029 | +€3,541 | +15.7% |
| Taxes | 450/3 | €22,487 | €26,029 | +€3,541 | +15.7% |
| Accrued charges and deferred income | 492/3 | €240 | €0 | -€240 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,306 | €15,074 | -€2,232 | -12.9% |
| Other operating charges | 640/8 | €2,721 | €2,442 | -€279 | -10.3% |
| Gross operating margin | 9900 | €110,719 | €90,764 | -€19,955 | -18.0% |
| Operating profit (loss) | 9901 | €90,693 | €73,248 | -€17,444 | -19.2% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €12,221 | €11,849 | -€372 | -3.0% |
| Recurring financial charges | 65 | €12,221 | €11,849 | -€372 | -3.0% |
| Profit (loss) for the period before taxes | 9903 | €78,472 | €61,399 | -€17,073 | -21.8% |
| Income taxes | 67/77 | €17,818 | €16,651 | -€1,167 | -6.6% |
| Profit (loss) for the period | 9904 | €60,654 | €44,748 | -€15,905 | -26.2% |
| Profit (loss) for the period to be appropriated | 9905 | €60,654 | €44,748 | -€15,905 | -26.2% |
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 30 October 2026 via checked.be.