MVDH CONSULTING: 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.
MVDH CONSULTING
Largest movements
- Tangible fixed assets +€25,252
up €25,252 (+7.6%), from €330,837 to €356,089
of which Furniture and vehicles: +€31,269
- Current investments -€12,027
no longer reported in 2025 (was €12,027)
- Receivables after one year -€9,854
no longer reported in 2025 (was €9,854)
- Cash -€9,850
down €9,850 (-32.1%), from €30,645 to €20,796
mainly Investment in fixed assets (net) (-€37,474) and Debts after one year (-€36,540)
- Debts after one year -€36,540
down €36,540 (-23.1%), from €158,462 to €121,921
- Reserves +€29,225
up €29,225 (+17.6%), from €166,087 to €195,312
of which Distributable reserves: +€32,000
- Other debts +€7,089
new in 2025: €7,089
- Trade debts -€6,044
down €6,044 (-93.8%), from €6,443 to €399
- Gross operating margin -€13,427
down €13,427 (-17.5%), from €76,653 to €63,226
- Taxes -€2,405
down €2,405 (-15.3%), from €15,751 to €13,347
- Financial income +€2,298
up €2,298 (+1,985%), from €116 to €2,414
- Other operating charges -€1,578
down €1,578 (-56.3%), from €2,804 to €1,226
- Financial charges -€1,310
down €1,310 (-17.7%), from €7,390 to €6,080
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.
Derived cash bridge
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 | €414,697 | €407,821 | -€6,876 | -1.7% |
| Fixed assets | 21/28 | €330,837 | €356,089 | +€25,252 | +7.6% |
| Tangible fixed assets | 22/27 | €330,837 | €356,089 | +€25,252 | +7.6% |
| Land and buildings | 22 | €326,052 | €318,961 | -€7,091 | -2.2% |
| Plant, machinery and equipment | 23 | €97 | €1,172 | +€1,074 | +1,102% |
| Furniture and vehicles | 24 | €4,687 | €35,956 | +€31,269 | +667% |
| Current assets | 29/58 | €83,860 | €51,732 | -€32,128 | -38.3% |
| Amounts receivable after more than one year | 29 | €9,854 | - | -€9,854 | |
| Other amounts receivable | 291 | €9,854 | - | -€9,854 | |
| Amounts receivable within one year | 40/41 | €18,211 | €21,340 | +€3,129 | +17.2% |
| Trade receivables | 40 | €15,730 | €13,915 | -€1,815 | -11.5% |
| Other amounts receivable | 41 | €2,481 | €7,425 | +€4,944 | +199% |
| Current investments | 50/53 | €12,027 | - | -€12,027 | |
| Cash at bank and in hand | 54/58 | €30,645 | €20,796 | -€9,850 | -32.1% |
| Deferred charges and accrued income | 490/1 | €13,123 | €9,596 | -€3,527 | -26.9% |
| Total equity and liabilities | 10/49 | €414,697 | €407,821 | -€6,876 | -1.7% |
| Equity | 10/15 | €209,525 | €238,768 | +€29,243 | +14.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €166,087 | €195,312 | +€29,225 | +17.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,775 | - | -€2,775 | |
| Distributable reserves | 133 | €161,452 | €193,452 | +€32,000 | +19.8% |
| Profit (loss) carried forward | 14 | €37,239 | €37,256 | +€17 | 0.0% |
| Amounts payable | 17/49 | €205,171 | €169,053 | -€36,118 | -17.6% |
| Amounts payable after more than one year | 17 | €158,462 | €121,921 | -€36,540 | -23.1% |
| Financial debts | 170/4 | €158,462 | €121,921 | -€36,540 | -23.1% |
| Amounts payable within one year | 42/48 | €46,710 | €47,132 | +€422 | +0.9% |
| Current portion of amounts payable after more than one year | 42 | €36,091 | €36,540 | +€449 | +1.2% |
| Trade debts | 44 | €6,443 | €399 | -€6,044 | -93.8% |
| Suppliers | 440/4 | €6,443 | €399 | -€6,044 | -93.8% |
| Taxes, remuneration and social security | 45 | €4,176 | €3,104 | -€1,072 | -25.7% |
| Taxes | 450/3 | €4,176 | €3,104 | -€1,072 | -25.7% |
| Other amounts payable | 47/48 | - | €7,089 | +€7,089 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,275 | €12,222 | -€1,053 | -7.9% |
| Other operating charges | 640/8 | €2,804 | €1,226 | -€1,578 | -56.3% |
| Non-recurring operating charges | 66A | - | €748 | +€748 | |
| Gross operating margin | 9900 | €76,653 | €63,226 | -€13,427 | -17.5% |
| Operating profit (loss) | 9901 | €60,573 | €49,030 | -€11,544 | -19.1% |
| Financial income | 75/76B | €116 | €2,414 | +€2,298 | +1,985% |
| Recurring financial income | 75 | €116 | €2,414 | +€2,298 | +1,985% |
| Financial charges | 65/66B | €7,390 | €6,080 | -€1,310 | -17.7% |
| Recurring financial charges | 65 | €7,390 | €6,080 | -€1,310 | -17.7% |
| Profit (loss) for the period before taxes | 9903 | €53,299 | €45,364 | -€7,936 | -14.9% |
| Income taxes | 67/77 | €15,751 | €13,347 | -€2,405 | -15.3% |
| Profit (loss) for the period | 9904 | €37,548 | €32,017 | -€5,531 | -14.7% |
| Profit (loss) for the period to be appropriated | 9905 | €37,548 | €32,017 | -€5,531 | -14.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.