MVDC AGENCY: 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.
MVDC AGENCY
Largest movements
- Receivables within one year +€23,261
up €23,261 (+121%), from €19,272 to €42,533
- Tangible fixed assets +€1,006
up €1,006 (+49.3%), from €2,041 to €3,047
- Intangible fixed assets -€1,000
down €1,000 (-10.6%), from €9,449 to €8,449
- Other debts -€22,218
down €22,218 (-77.1%), from €28,804 to €6,585
- Profit (loss) carried forward +€16,968
up €16,968 (+136%), from €12,471 to €29,440
- Trade debts +€15,453
up €15,453 (+224%), from €6,897 to €22,350
- Tax, wage and social debts +€12,860
up €12,860 (+120%), from €10,708 to €23,567
- Gross operating margin +€8,610
up €8,610 (+50.5%), from €17,041 to €25,651
- Taxes +€1,481
up €1,481 (+41.7%), from €3,555 to €5,036
- Staff costs +€1,465
new in 2026: €1,465
- Depreciation +€1,010
up €1,010 (+100%), from €1,010 to €2,019
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €59,880 | €82,942 | +€23,062 | +38.5% |
| Fixed assets | 21/28 | €11,490 | €11,706 | +€216 | +1.9% |
| Intangible fixed assets | 21 | €9,449 | €8,449 | -€1,000 | -10.6% |
| Tangible fixed assets | 22/27 | €2,041 | €3,047 | +€1,006 | +49.3% |
| Furniture and vehicles | 24 | €2,041 | €3,047 | +€1,006 | +49.3% |
| Financial fixed assets | 28 | - | €210 | +€210 | |
| Current assets | 29/58 | €48,390 | €71,236 | +€22,846 | +47.2% |
| Amounts receivable within one year | 40/41 | €19,272 | €42,533 | +€23,261 | +121% |
| Trade receivables | 40 | €19,272 | €42,533 | +€23,261 | +121% |
| Cash at bank and in hand | 54/58 | €29,117 | €28,703 | -€414 | -1.4% |
| Total equity and liabilities | 10/49 | €59,880 | €82,942 | +€23,062 | +38.5% |
| Equity | 10/15 | €13,471 | €30,440 | +€16,968 | +126% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,471 | €29,440 | +€16,968 | +136% |
| Amounts payable | 17/49 | €46,409 | €52,503 | +€6,094 | +13.1% |
| Amounts payable within one year | 42/48 | €46,409 | €52,503 | +€6,094 | +13.1% |
| Trade debts | 44 | €6,897 | €22,350 | +€15,453 | +224% |
| Suppliers | 440/4 | €6,897 | €22,350 | +€15,453 | +224% |
| Taxes, remuneration and social security | 45 | €10,708 | €23,567 | +€12,860 | +120% |
| Taxes | 450/3 | €10,708 | €23,567 | +€12,860 | +120% |
| Other amounts payable | 47/48 | €28,804 | €6,585 | -€22,218 | -77.1% |
| Remuneration, social security and pensions | 62 | - | €1,465 | +€1,465 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,010 | €2,019 | +€1,010 | +100% |
| Gross operating margin | 9900 | €17,041 | €25,651 | +€8,610 | +50.5% |
| Operating profit (loss) | 9901 | €16,032 | €22,167 | +€6,135 | +38.3% |
| Financial income | 75/76B | €3 | €55 | +€52 | +1,719% |
| Recurring financial income | 75 | €3 | €55 | +€52 | +1,719% |
| Financial charges | 65/66B | €9 | €217 | +€209 | +2,445% |
| Recurring financial charges | 65 | €9 | €217 | +€209 | +2,445% |
| Profit (loss) for the period before taxes | 9903 | €16,026 | €22,004 | +€5,978 | +37.3% |
| Income taxes | 67/77 | €3,555 | €5,036 | +€1,481 | +41.7% |
| Profit (loss) for the period | 9904 | €12,471 | €16,968 | +€4,497 | +36.1% |
| Profit (loss) for the period to be appropriated | 9905 | €12,471 | €16,968 | +€4,497 | +36.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2025 and 30 June 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.