MVDH Construction Services: 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.
MVDH Construction Services
Largest movements
- Cash +€22,048
up €22,048 (+36.3%), from €60,769 to €82,817
mainly Net result for the year (+€34,714) and Depreciation (+€7,104)
- Current investments +€9,840
new in 2025: €9,840
- Tangible fixed assets -€7,104
down €7,104 (-44.4%), from €15,994 to €8,890
- Receivables within one year +€4,929
up €4,929 (+70.3%), from €7,012 to €11,941
of which Trade receivables: +€4,812
- Profit (loss) carried forward +€34,714
up €34,714 (+58.9%), from €58,957 to €93,671
- Tax, wage and social debts -€4,902
down €4,902 (-23.6%), from €20,793 to €15,891
- Gross operating margin +€4,870
up €4,870 (+10.2%), from €47,748 to €52,618
- Depreciation +€1,786
up €1,786 (+33.6%), from €5,318 to €7,104
- Other operating charges +€915
up €915 (+867.0%), from €106 to €1,020
- Taxes +€737
up €737 (+8.3%), from €8,843 to €9,580
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 | €84,398 | €114,238 | +€29,840 | +35.4% |
| Fixed assets | 21/28 | €15,994 | €8,890 | -€7,104 | -44.4% |
| Tangible fixed assets | 22/27 | €15,994 | €8,890 | -€7,104 | -44.4% |
| Furniture and vehicles | 24 | €15,994 | €8,890 | -€7,104 | -44.4% |
| Current assets | 29/58 | €68,404 | €105,348 | +€36,944 | +54.0% |
| Amounts receivable within one year | 40/41 | €7,012 | €11,941 | +€4,929 | +70.3% |
| Trade receivables | 40 | €6,249 | €11,061 | +€4,812 | +77.0% |
| Other amounts receivable | 41 | €764 | €880 | +€117 | +15.3% |
| Current investments | 50/53 | - | €9,840 | +€9,840 | |
| Cash at bank and in hand | 54/58 | €60,769 | €82,817 | +€22,048 | +36.3% |
| Deferred charges and accrued income | 490/1 | €623 | €750 | +€127 | +20.4% |
| Total equity and liabilities | 10/49 | €84,398 | €114,238 | +€29,840 | +35.4% |
| Equity | 10/15 | €61,957 | €96,671 | +€34,714 | +56.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €58,957 | €93,671 | +€34,714 | +58.9% |
| Amounts payable | 17/49 | €22,441 | €17,567 | -€4,874 | -21.7% |
| Amounts payable within one year | 42/48 | €22,441 | €17,567 | -€4,874 | -21.7% |
| Trade debts | 44 | €1,648 | €1,676 | +€28 | +1.7% |
| Suppliers | 440/4 | €1,648 | €1,676 | +€28 | +1.7% |
| Taxes, remuneration and social security | 45 | €20,793 | €15,891 | -€4,902 | -23.6% |
| Taxes | 450/3 | €20,793 | €15,891 | -€4,902 | -23.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,318 | €7,104 | +€1,786 | +33.6% |
| Other operating charges | 640/8 | €106 | €1,020 | +€915 | +867.0% |
| Gross operating margin | 9900 | €47,748 | €52,618 | +€4,870 | +10.2% |
| Operating profit (loss) | 9901 | €42,324 | €44,494 | +€2,169 | +5.1% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €99 | €200 | +€101 | +102.2% |
| Recurring financial charges | 65 | €99 | €200 | +€101 | +102.2% |
| Profit (loss) for the period before taxes | 9903 | €42,226 | €44,294 | +€2,068 | +4.9% |
| Income taxes | 67/77 | €8,843 | €9,580 | +€737 | +8.3% |
| Profit (loss) for the period | 9904 | €33,382 | €34,714 | +€1,332 | +4.0% |
| Profit (loss) for the period to be appropriated | 9905 | €33,382 | €34,714 | +€1,332 | +4.0% |
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 8 October 2026 via checked.be.