MVdB Engineering: 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.
MVdB Engineering
Largest movements
- Cash +€45,981
up €45,981 (+76.5%), from €60,123 to €106,104
mainly Other debts (+€63,025) and Receivables within one year (+€34,324)
- Receivables within one year -€34,324
down €34,324 (-89.4%), from €38,412 to €4,088
of which Trade receivables: -€33,922
- Other debts +€63,025
up €63,025 (+300.6%), from €20,967 to €83,993
- Reserves -€54,696
down €54,696 (-100.0%), from €54,696 to €0
- Trade debts +€4,689
up €4,689 (+952.8%), from €492 to €5,181
- Gross operating margin -€23,413
down €23,413 (-75.2%), from €31,133 to €7,720
- Taxes -€4,774
down €4,774 (-60.4%), from €7,902 to €3,129
- Financial charges -€1,004
down €1,004 (-43.1%), from €2,327 to €1,324
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 | €100,812 | €112,563 | +€11,750 | +11.7% |
| Current assets | 29/58 | €100,812 | €112,563 | +€11,750 | +11.7% |
| Amounts receivable within one year | 40/41 | €38,412 | €4,088 | -€34,324 | -89.4% |
| Trade receivables | 40 | €38,011 | €4,088 | -€33,922 | -89.2% |
| Other amounts receivable | 41 | €401 | €0 | -€401 | -100.0% |
| Cash at bank and in hand | 54/58 | €60,123 | €106,104 | +€45,981 | +76.5% |
| Deferred charges and accrued income | 490/1 | €2,277 | €2,370 | +€93 | +4.1% |
| Total equity and liabilities | 10/49 | €100,812 | €112,563 | +€11,750 | +11.7% |
| Equity | 10/15 | €59,696 | €5,000 | -€54,696 | -91.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €54,696 | €0 | -€54,696 | -100.0% |
| Distributable reserves | 133 | €54,696 | €0 | -€54,696 | -100.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €41,116 | €107,563 | +€66,447 | +161.6% |
| Amounts payable within one year | 42/48 | €40,269 | €107,563 | +€67,294 | +167.1% |
| Trade debts | 44 | €492 | €5,181 | +€4,689 | +952.8% |
| Suppliers | 440/4 | €492 | €5,181 | +€4,689 | +952.8% |
| Taxes, remuneration and social security | 45 | €18,809 | €18,389 | -€421 | -2.2% |
| Taxes | 450/3 | €18,809 | €18,389 | -€421 | -2.2% |
| Other amounts payable | 47/48 | €20,967 | €83,993 | +€63,025 | +300.6% |
| Accrued charges and deferred income | 492/3 | €847 | €0 | -€847 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €349 | €544 | +€195 | +55.9% |
| Gross operating margin | 9900 | €31,133 | €7,720 | -€23,413 | -75.2% |
| Operating profit (loss) | 9901 | €30,784 | €7,176 | -€23,608 | -76.7% |
| Financial charges | 65/66B | €2,327 | €1,324 | -€1,004 | -43.1% |
| Recurring financial charges | 65 | €2,327 | €1,324 | -€1,004 | -43.1% |
| Profit (loss) for the period before taxes | 9903 | €28,457 | €5,852 | -€22,605 | -79.4% |
| Income taxes | 67/77 | €7,902 | €3,129 | -€4,774 | -60.4% |
| Profit (loss) for the period | 9904 | €20,555 | €2,724 | -€17,831 | -86.7% |
| Profit (loss) for the period to be appropriated | 9905 | €20,555 | €2,724 | -€17,831 | -86.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.