MVDACO: what changed
Two fiscal 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.
MVDACO
Largest movements
- Tangible fixed assets -€16,198
down €16,198 (-4.2%), from €385,426 to €369,228
of which Land and buildings: -€8,636
- Cash +€15,088
new in 2024: €15,088
mainly Net result for the year (+€227,478) and Tax, wage and social debts (+€58,622)
- Intangible fixed assets -€10,510
down €10,510 (-25.0%), from €42,038 to €31,529
- Receivables within one year -€9,006
down €9,006 (-3.8%), from €239,006 to €230,000
of which Other amounts receivable: -€91,207
- Tax, wage and social debts +€58,622
up €58,622 (+88.5%), from €66,216 to €124,837
- Other debts -€36,415
down €36,415 (-34.7%), from €105,000 to €68,585
- Short-term financial debts -€28,725
down €28,725 (-96.8%), from €29,667 to €942
of which Other loans: -€20,000
- Debts after one year -€28,211
down €28,211 (-8.2%), from €343,752 to €315,541
- Reserves +€27,478
up €27,478 (+27.0%), from €101,883 to €129,361
- Gross operating margin +€140,138
up €140,138 (+66.3%), from €211,318 to €351,456
- Taxes +€24,630
up €24,630 (+44.4%), from €55,424 to €80,054
- Financial charges +€5,419
up €5,419 (+67.7%), from €8,003 to €13,422
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €721,208 | €697,390 | -€23,818 | -3.3% |
| Fixed assets | 21/28 | €477,464 | €450,757 | -€26,707 | -5.6% |
| Intangible fixed assets | 21 | €42,038 | €31,529 | -€10,510 | -25.0% |
| Tangible fixed assets | 22/27 | €385,426 | €369,228 | -€16,198 | -4.2% |
| Land and buildings | 22 | €353,879 | €345,242 | -€8,636 | -2.4% |
| Plant, machinery and equipment | 23 | €24,764 | €20,973 | -€3,791 | -15.3% |
| Furniture and vehicles | 24 | €6,783 | €3,013 | -€3,770 | -55.6% |
| Financial fixed assets | 28 | €50,000 | €50,000 | = | 0.0% |
| Current assets | 29/58 | €243,744 | €246,634 | +€2,889 | +1.2% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €239,006 | €230,000 | -€9,006 | -3.8% |
| Trade receivables | 40 | €147,799 | €230,000 | +€82,201 | +55.6% |
| Other amounts receivable | 41 | €91,207 | €0 | -€91,207 | -100.0% |
| Cash at bank and in hand | 54/58 | - | €15,088 | +€15,088 | |
| Deferred charges and accrued income | 490/1 | €4,738 | €1,546 | -€3,192 | -67.4% |
| Total equity and liabilities | 10/49 | €721,208 | €697,390 | -€23,818 | -3.3% |
| Equity | 10/15 | €120,483 | €147,961 | +€27,478 | +22.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €101,883 | €129,361 | +€27,478 | +27.0% |
| Distributable reserves | 133 | €101,883 | €129,361 | +€27,478 | +27.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €600,725 | €549,429 | -€51,296 | -8.5% |
| Amounts payable after more than one year | 17 | €343,752 | €315,541 | -€28,211 | -8.2% |
| Financial debts | 170/4 | €343,752 | €315,541 | -€28,211 | -8.2% |
| Amounts payable within one year | 42/48 | €251,973 | €228,888 | -€23,084 | -9.2% |
| Current portion of amounts payable after more than one year | 42 | €33,182 | €28,211 | -€4,971 | -15.0% |
| Financial debts | 43 | €29,667 | €942 | -€28,725 | -96.8% |
| Credit institutions | 430/8 | €9,667 | €942 | -€8,725 | -90.3% |
| Other loans | 439 | €20,000 | €0 | -€20,000 | -100.0% |
| Trade debts | 44 | €17,908 | €6,312 | -€11,595 | -64.8% |
| Suppliers | 440/4 | €17,908 | €6,312 | -€11,595 | -64.8% |
| Taxes, remuneration and social security | 45 | €66,216 | €124,837 | +€58,622 | +88.5% |
| Taxes | 450/3 | €66,216 | €124,837 | +€58,622 | +88.5% |
| Other amounts payable | 47/48 | €105,000 | €68,585 | -€36,415 | -34.7% |
| Accrued charges and deferred income | 492/3 | €5,000 | €5,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,874 | €26,707 | +€833 | +3.2% |
| Other operating charges | 640/8 | €3,343 | €3,806 | +€463 | +13.8% |
| Gross operating margin | 9900 | €211,318 | €351,456 | +€140,138 | +66.3% |
| Operating profit (loss) | 9901 | €182,101 | €320,943 | +€138,842 | +76.2% |
| Financial income | 75/76B | €2,705 | €11 | -€2,695 | -99.6% |
| Recurring financial income | 75 | €2,705 | €11 | -€2,695 | -99.6% |
| Financial charges | 65/66B | €8,003 | €13,422 | +€5,419 | +67.7% |
| Recurring financial charges | 65 | €8,003 | €13,422 | +€5,419 | +67.7% |
| Profit (loss) for the period before taxes | 9903 | €176,803 | €307,532 | +€130,728 | +73.9% |
| Income taxes | 67/77 | €55,424 | €80,054 | +€24,630 | +44.4% |
| Profit (loss) for the period | 9904 | €121,379 | €227,478 | +€106,099 | +87.4% |
| Profit (loss) for the period to be appropriated | 9905 | €121,379 | €227,478 | +€106,099 | +87.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.