MVDA Management: 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.
MVDA Management
Largest movements
- Receivables within one year +€31,994
up €31,994 (+129.4%), from €24,720 to €56,715
of which Other amounts receivable: +€50,458
- Cash -€28,056
down €28,056 (-61.6%), from €45,569 to €17,513
mainly Receivables within one year (-€31,994) and Net result for the year (-€7,785)
- Intangible fixed assets -€2,101
down €2,101 (-33.3%), from €6,302 to €4,201
- Profit (loss) carried forward -€7,785
new in 2025: -€7,785
- Tax, wage and social debts +€7,778
up €7,778 (+38.4%), from €20,236 to €28,013
of which Taxes: +€7,778
- Trade debts +€4,376
up €4,376 (+29.9%), from €14,631 to €19,007
- Other debts -€3,371
down €3,371 (-100.0%), from €3,371 to €0
- Accrued charges and deferred income +€1,500
new in 2025: €1,500
- Gross operating margin -€11,783
down €11,783, from €6,829 to -€4,954
- Other operating charges -€1,723
down €1,723 (-62.6%), from €2,752 to €1,029
- Financial income +€753
new in 2025: €753
- Financial charges -€369
down €369 (-80.1%), from €461 to €92
- Taxes -€98
down €98 (-23.5%), from €418 to €320
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.
Cash bridge derived
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 | €76,991 | €79,490 | +€2,498 | +3.2% |
| Fixed assets | 21/28 | €6,702 | €5,262 | -€1,440 | -21.5% |
| Intangible fixed assets | 21 | €6,302 | €4,201 | -€2,101 | -33.3% |
| Tangible fixed assets | 22/27 | - | €661 | +€661 | |
| Furniture and vehicles | 24 | - | €661 | +€661 | |
| Financial fixed assets | 28 | €400 | €400 | = | 0.0% |
| Current assets | 29/58 | €70,290 | €74,228 | +€3,938 | +5.6% |
| Amounts receivable within one year | 40/41 | €24,720 | €56,715 | +€31,994 | +129.4% |
| Trade receivables | 40 | €24,720 | €6,256 | -€18,464 | -74.7% |
| Other amounts receivable | 41 | €0 | €50,458 | +€50,458 | |
| Cash at bank and in hand | 54/58 | €45,569 | €17,513 | -€28,056 | -61.6% |
| Total equity and liabilities | 10/49 | €76,991 | €79,490 | +€2,498 | +3.2% |
| Equity | 10/15 | €38,754 | €30,969 | -€7,785 | -20.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €20,154 | €20,154 | = | 0.0% |
| Non-distributable reserves | 130/1 | €27 | €27 | = | 0.0% |
| Reserves not available under the articles | 1311 | €27 | €27 | = | 0.0% |
| Distributable reserves | 133 | €20,127 | €20,127 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€7,785 | -€7,785 | |
| Amounts payable | 17/49 | €38,238 | €48,521 | +€10,283 | +26.9% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €38,238 | €47,021 | +€8,783 | +23.0% |
| Trade debts | 44 | €14,631 | €19,007 | +€4,376 | +29.9% |
| Suppliers | 440/4 | €14,631 | €19,007 | +€4,376 | +29.9% |
| Taxes, remuneration and social security | 45 | €20,236 | €28,013 | +€7,778 | +38.4% |
| Taxes | 450/3 | €20,236 | €28,013 | +€7,778 | +38.4% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €3,371 | €0 | -€3,371 | -100.0% |
| Accrued charges and deferred income | 492/3 | - | €1,500 | +€1,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,101 | €2,144 | +€43 | +2.1% |
| Other operating charges | 640/8 | €2,752 | €1,029 | -€1,723 | -62.6% |
| Gross operating margin | 9900 | €6,829 | -€4,954 | -€11,783 | |
| Operating profit (loss) | 9901 | €1,976 | -€8,126 | -€10,103 | |
| Financial income | 75/76B | - | €753 | +€753 | |
| Recurring financial income | 75 | - | €753 | +€753 | |
| Financial charges | 65/66B | €461 | €92 | -€369 | -80.1% |
| Recurring financial charges | 65 | €461 | €92 | -€369 | -80.1% |
| Profit (loss) for the period before taxes | 9903 | €1,515 | -€7,465 | -€8,980 | |
| Income taxes | 67/77 | €418 | €320 | -€98 | -23.5% |
| Profit (loss) for the period | 9904 | €1,097 | -€7,785 | -€8,882 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,097 | -€7,785 | -€8,882 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.