MVDENT: 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.
MVDENT
Largest movements
- Cash +€224,115
up €224,115 (+95.2%), from €235,418 to €459,533
mainly Net result for the year (+€142,039) and Current investments (+€50,000)
- Current investments -€50,000
down €50,000 (-62.5%), from €80,000 to €30,000
- Receivables within one year -€28,077
down €28,077 (-43.2%), from €64,967 to €36,890
of which Other amounts receivable: -€25,780
- Reserves +€142,039
up €142,039 (+41.6%), from €341,300 to €483,340
- Gross operating margin +€55,619
up €55,619 (+43.0%), from €129,217 to €184,836
- Taxes +€14,610
up €14,610 (+53.5%), from €27,317 to €41,927
- Depreciation -€2,577
down €2,577 (-55.3%), from €4,659 to €2,081
- Financial income +€2,192
up €2,192 (+121.9%), from €1,798 to €3,990
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 | €382,466 | €526,423 | +€143,957 | +37.6% |
| Fixed assets | 21/28 | €2,081 | €0 | -€2,081 | -100.0% |
| Tangible fixed assets | 22/27 | €2,081 | €0 | -€2,081 | -100.0% |
| Furniture and vehicles | 24 | €2,081 | €0 | -€2,081 | -100.0% |
| Current assets | 29/58 | €380,385 | €526,423 | +€146,038 | +38.4% |
| Amounts receivable within one year | 40/41 | €64,967 | €36,890 | -€28,077 | -43.2% |
| Trade receivables | 40 | €2,377 | €79 | -€2,298 | -96.7% |
| Other amounts receivable | 41 | €62,590 | €36,811 | -€25,780 | -41.2% |
| Current investments | 50/53 | €80,000 | €30,000 | -€50,000 | -62.5% |
| Cash at bank and in hand | 54/58 | €235,418 | €459,533 | +€224,115 | +95.2% |
| Total equity and liabilities | 10/49 | €382,466 | €526,423 | +€143,957 | +37.6% |
| Equity | 10/15 | €346,300 | €488,340 | +€142,039 | +41.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €341,300 | €483,340 | +€142,039 | +41.6% |
| Distributable reserves | 133 | €341,300 | €483,340 | +€142,039 | +41.6% |
| Amounts payable | 17/49 | €36,166 | €38,083 | +€1,917 | +5.3% |
| Amounts payable within one year | 42/48 | €36,166 | €38,083 | +€1,917 | +5.3% |
| Trade debts | 44 | €2,906 | €2,863 | -€43 | -1.5% |
| Suppliers | 440/4 | €2,906 | €2,863 | -€43 | -1.5% |
| Taxes, remuneration and social security | 45 | €6,227 | €6,231 | +€4 | +0.1% |
| Taxes | 450/3 | €3,427 | €3,431 | +€4 | +0.1% |
| Remuneration and social security | 454/9 | €2,800 | €2,800 | = | 0.0% |
| Other amounts payable | 47/48 | €27,033 | €28,989 | +€1,956 | +7.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,659 | €2,081 | -€2,577 | -55.3% |
| Other operating charges | 640/8 | €640 | €646 | +€6 | +1.0% |
| Gross operating margin | 9900 | €129,217 | €184,836 | +€55,619 | +43.0% |
| Operating profit (loss) | 9901 | €123,918 | €182,108 | +€58,190 | +47.0% |
| Financial income | 75/76B | €1,798 | €3,990 | +€2,192 | +121.9% |
| Recurring financial income | 75 | €1,798 | €3,990 | +€2,192 | +121.9% |
| Financial charges | 65/66B | €1,972 | €2,131 | +€160 | +8.1% |
| Recurring financial charges | 65 | €1,972 | €2,131 | +€160 | +8.1% |
| Profit (loss) for the period before taxes | 9903 | €123,744 | €183,966 | +€60,222 | +48.7% |
| Income taxes | 67/77 | €27,317 | €41,927 | +€14,610 | +53.5% |
| Profit (loss) for the period | 9904 | €96,428 | €142,039 | +€45,612 | +47.3% |
| Profit (loss) for the period to be appropriated | 9905 | €96,428 | €142,039 | +€45,612 | +47.3% |
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 6 October 2026 via checked.be.