MVE concept: 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.
MVE concept
Largest movements
- Receivables within one year +€6,490
up €6,490 (+30.5%), from €21,274 to €27,764
of which Trade receivables: +€5,322
- Cash -€1,337
down €1,337 (-13.0%), from €10,293 to €8,956
mainly Tax, wage and social debts (-€6,977) and Receivables within one year (-€6,490)
- Profit (loss) carried forward +€11,488
up €11,488 (+50.7%), from €22,658 to €34,146
- Tax, wage and social debts -€6,977
down €6,977 (-83.2%), from €8,388 to €1,411
- Trade debts +€378
new in 2025: €378
- Turnover +€121,010
up €121,010 (+123%), from €98,337 to €219,347
- Purchases and services +€119,460
up €119,460 (+142%), from €84,211 to €203,671
- Taxes -€2,375
down €2,375 (-38.3%), from €6,205 to €3,830
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 | €32,096 | €36,985 | +€4,889 | +15.2% |
| Fixed assets | 21/28 | €529 | €265 | -€264 | -49.9% |
| Tangible fixed assets | 22/27 | €529 | €265 | -€264 | -49.9% |
| Furniture and vehicles | 24 | €529 | €265 | -€264 | -49.9% |
| Current assets | 29/58 | €31,567 | €36,720 | +€5,153 | +16.3% |
| Amounts receivable within one year | 40/41 | €21,274 | €27,764 | +€6,490 | +30.5% |
| Trade receivables | 40 | €19,190 | €24,512 | +€5,322 | +27.7% |
| Other amounts receivable | 41 | €2,084 | €3,252 | +€1,168 | +56.0% |
| Cash at bank and in hand | 54/58 | €10,293 | €8,956 | -€1,337 | -13.0% |
| Total equity and liabilities | 10/49 | €32,096 | €36,985 | +€4,889 | +15.2% |
| Equity | 10/15 | €23,708 | €35,196 | +€11,488 | +48.5% |
| Contributions | 10/11 | €1,050 | €1,050 | = | 0.0% |
| Profit (loss) carried forward | 14 | €22,658 | €34,146 | +€11,488 | +50.7% |
| Amounts payable | 17/49 | €8,388 | €1,789 | -€6,599 | -78.7% |
| Amounts payable within one year | 42/48 | €8,388 | €1,789 | -€6,599 | -78.7% |
| Trade debts | 44 | - | €378 | +€378 | |
| Suppliers | 440/4 | - | €378 | +€378 | |
| Taxes, remuneration and social security | 45 | €8,388 | €1,411 | -€6,977 | -83.2% |
| Taxes | 450/3 | €8,388 | €1,411 | -€6,977 | -83.2% |
| Turnover | 70 | €98,337 | €219,347 | +€121,010 | +123% |
| Goods, raw materials, services and sundry goods | 60/61 | €84,211 | €203,671 | +€119,460 | +142% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €264 | €264 | = | 0.0% |
| Gross operating margin | 9900 | €14,126 | €15,677 | +€1,551 | +11.0% |
| Operating profit (loss) | 9901 | €13,862 | €15,413 | +€1,551 | +11.2% |
| Financial charges | 65/66B | €130 | €96 | -€34 | -26.2% |
| Recurring financial charges | 65 | €130 | €96 | -€34 | -26.2% |
| Profit (loss) for the period before taxes | 9903 | €13,732 | €15,317 | +€1,585 | +11.5% |
| Income taxes | 67/77 | €6,205 | €3,830 | -€2,375 | -38.3% |
| Profit (loss) for the period | 9904 | €7,527 | €11,487 | +€3,960 | +52.6% |
| Profit (loss) for the period to be appropriated | 9905 | €7,527 | €11,487 | +€3,960 | +52.6% |
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 29 October 2026 via checked.be.