MVDS 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.
MVDS Consulting
Largest movements
- Financial fixed assets +€115,075
new in 2025: €115,075
- Cash -€41,945
down €41,945 (-46.1%), from €91,023 to €49,078
mainly Investment in fixed assets (net) (-€117,578) and Contributions, distributions and other (-€11,765)
- Debts after one year +€53,955
new in 2025: €53,955
- Current portion of long-term debt +€9,280
new in 2025: €9,280
- Other debts +€5,764
up €5,764 (+385%), from €1,495 to €7,259
- Tax, wage and social debts +€4,864
up €4,864 (+98.0%), from €4,965 to €9,829
- Trade debts +€2,739
up €2,739 (+3,424,013%), from €0 to €2,739
- Gross operating margin -€20,768
down €20,768 (-46.5%), from €44,664 to €23,896
- Taxes -€4,337
down €4,337 (-42.6%), from €10,182 to €5,845
- Financial charges +€2,350
up €2,350 (+162%), from €1,448 to €3,798
- Financial income -€760
down €760 (-86.1%), from €882 to €122
- Depreciation +€716
up €716 (+41.3%), from €1,734 to €2,450
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 | €133,878 | €210,005 | +€76,127 | +56.9% |
| Fixed assets | 21/28 | €5,456 | €120,585 | +€115,128 | +2,110% |
| Tangible fixed assets | 22/27 | €5,456 | €5,510 | +€53 | +1.0% |
| Furniture and vehicles | 24 | €5,456 | €5,510 | +€53 | +1.0% |
| Financial fixed assets | 28 | - | €115,075 | +€115,075 | |
| Current assets | 29/58 | €128,422 | €89,421 | -€39,001 | -30.4% |
| Amounts receivable after more than one year | 29 | €24,500 | €24,500 | = | 0.0% |
| Trade receivables | 290 | €24,500 | €24,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €12,898 | €14,440 | +€1,542 | +12.0% |
| Trade receivables | 40 | €6,567 | €10,285 | +€3,718 | +56.6% |
| Other amounts receivable | 41 | €6,332 | €4,155 | -€2,176 | -34.4% |
| Cash at bank and in hand | 54/58 | €91,023 | €49,078 | -€41,945 | -46.1% |
| Deferred charges and accrued income | 490/1 | - | €1,402 | +€1,402 | |
| Total equity and liabilities | 10/49 | €133,878 | €210,005 | +€76,127 | +56.9% |
| Equity | 10/15 | €127,418 | €126,943 | -€474 | -0.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €125,418 | €124,943 | -€474 | -0.4% |
| Distributable reserves | 133 | €125,418 | €124,943 | -€474 | -0.4% |
| Amounts payable | 17/49 | €6,460 | €83,062 | +€76,602 | +1,186% |
| Amounts payable after more than one year | 17 | - | €53,955 | +€53,955 | |
| Financial debts | 170/4 | - | €53,955 | +€53,955 | |
| Amounts payable within one year | 42/48 | €6,460 | €29,107 | +€22,647 | +351% |
| Current portion of amounts payable after more than one year | 42 | - | €9,280 | +€9,280 | |
| Trade debts | 44 | €0 | €2,739 | +€2,739 | +3,424,013% |
| Suppliers | 440/4 | €0 | €2,739 | +€2,739 | +3,424,013% |
| Taxes, remuneration and social security | 45 | €4,965 | €9,829 | +€4,864 | +98.0% |
| Taxes | 450/3 | €4,965 | €9,829 | +€4,864 | +98.0% |
| Other amounts payable | 47/48 | €1,495 | €7,259 | +€5,764 | +385% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,734 | €2,450 | +€716 | +41.3% |
| Other operating charges | 640/8 | €1,029 | €636 | -€393 | -38.2% |
| Gross operating margin | 9900 | €44,664 | €23,896 | -€20,768 | -46.5% |
| Operating profit (loss) | 9901 | €41,900 | €20,810 | -€21,090 | -50.3% |
| Financial income | 75/76B | €882 | €122 | -€760 | -86.1% |
| Recurring financial income | 75 | €882 | €122 | -€760 | -86.1% |
| Financial charges | 65/66B | €1,448 | €3,798 | +€2,350 | +162% |
| Recurring financial charges | 65 | €1,448 | €3,798 | +€2,350 | +162% |
| Profit (loss) for the period before taxes | 9903 | €41,334 | €17,135 | -€24,199 | -58.5% |
| Income taxes | 67/77 | €10,182 | €5,845 | -€4,337 | -42.6% |
| Profit (loss) for the period | 9904 | €31,153 | €11,290 | -€19,862 | -63.8% |
| Profit (loss) for the period to be appropriated | 9905 | €31,153 | €11,290 | -€19,862 | -63.8% |
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 14 October 2026 via checked.be.