MVdS Management: 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.
MVdS Management
Largest movements
- Cash -€4,637
down €4,637 (-19.2%), from €24,209 to €19,572
mainly Tax, wage and social debts (-€9,336) and Receivables within one year (-€2,382)
- Receivables within one year +€2,382
up €2,382 (+27.9%), from €8,539 to €10,920
of which Trade receivables: +€2,367
- Tax, wage and social debts -€9,336
down €9,336 (-51.9%), from €17,990 to €8,654
- Reserves +€6,563
up €6,563 (+7.9%), from €82,558 to €89,121
- Gross operating margin +€10,279
up €10,279 (+262.9%), from €3,910 to €14,189
- Taxes +€2,790
up €2,790 (+410.8%), from €679 to €3,469
- Financial charges +€333
up €333 (+11.5%), from €2,887 to €3,220
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 | €105,031 | €101,884 | -€3,148 | -3.0% |
| Fixed assets | 21/28 | €2,283 | €1,391 | -€892 | -39.1% |
| Tangible fixed assets | 22/27 | €2,283 | €1,391 | -€892 | -39.1% |
| Plant, machinery and equipment | 23 | €1,294 | €996 | -€299 | -23.1% |
| Furniture and vehicles | 24 | €989 | €396 | -€593 | -60.0% |
| Current assets | 29/58 | €102,748 | €100,492 | -€2,256 | -2.2% |
| Amounts receivable after more than one year | 29 | €70,000 | €70,000 | = | 0.0% |
| Other amounts receivable | 291 | €70,000 | €70,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €8,539 | €10,920 | +€2,382 | +27.9% |
| Trade receivables | 40 | €8,523 | €10,890 | +€2,367 | +27.8% |
| Other amounts receivable | 41 | €16 | €30 | +€14 | +89.3% |
| Cash at bank and in hand | 54/58 | €24,209 | €19,572 | -€4,637 | -19.2% |
| Total equity and liabilities | 10/49 | €105,031 | €101,884 | -€3,148 | -3.0% |
| Equity | 10/15 | €85,019 | €91,583 | +€6,563 | +7.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €82,558 | €89,121 | +€6,563 | +7.9% |
| Distributable reserves | 133 | €82,558 | €89,121 | +€6,563 | +7.9% |
| Profit (loss) carried forward | 14 | -€539 | -€539 | = | 0.0% |
| Amounts payable | 17/49 | €20,012 | €10,301 | -€9,711 | -48.5% |
| Amounts payable within one year | 42/48 | €19,326 | €9,865 | -€9,461 | -49.0% |
| Trade debts | 44 | €1,081 | €956 | -€125 | -11.6% |
| Suppliers | 440/4 | €1,081 | €956 | -€125 | -11.6% |
| Taxes, remuneration and social security | 45 | €17,990 | €8,654 | -€9,336 | -51.9% |
| Taxes | 450/3 | €17,990 | €8,654 | -€9,336 | -51.9% |
| Other amounts payable | 47/48 | €255 | €255 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €686 | €436 | -€250 | -36.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €792 | €892 | +€100 | +12.6% |
| Other operating charges | 640/8 | €90 | €53 | -€37 | -41.3% |
| Gross operating margin | 9900 | €3,910 | €14,189 | +€10,279 | +262.9% |
| Operating profit (loss) | 9901 | €3,027 | €13,244 | +€10,217 | +337.5% |
| Financial income | 75/76B | - | €8 | +€8 | |
| Recurring financial income | 75 | - | €8 | +€8 | |
| Financial charges | 65/66B | €2,887 | €3,220 | +€333 | +11.5% |
| Recurring financial charges | 65 | €2,887 | €3,220 | +€333 | +11.5% |
| Profit (loss) for the period before taxes | 9903 | €140 | €10,032 | +€9,892 | +7055.0% |
| Income taxes | 67/77 | €679 | €3,469 | +€2,790 | +410.8% |
| Profit (loss) for the period | 9904 | -€539 | €6,563 | +€7,102 | |
| Profit (loss) for the period to be appropriated | 9905 | -€539 | €6,563 | +€7,102 |
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 7 October 2026 via checked.be.