MVE Invest: what changed
MVE Invest
Largest movements
- Tangible fixed assets +€828,080
new in 2025: €828,080
- Receivables within one year +€96,167
new in 2025: €96,167
- Cash +€51,130
up €51,130 (+307%), from €16,665 to €67,795
mainly Debts after one year (+€680,589) and Other debts (+€93,723)
- Debts after one year +€680,589
new in 2025: €680,589
- Other debts +€93,723
up €93,723 (+4,686%), from €2,000 to €95,723
- Reserves +€77,651
up €77,651 (+8,234%), from €943 to €78,594
- Short-term financial debts +€72,221
new in 2025: €72,221
- Current portion of long-term debt +€38,036
new in 2025: €38,036
- Gross operating margin +€117,963
up €117,963 (+7,073%), from €1,668 to €119,631
- Depreciation +€22,769
new in 2025: €22,769
- Financial charges +€13,336
up €13,336 (+5,047%), from €264 to €13,600
- Taxes +€3,005
up €3,005 (+1,275%), from €236 to €3,241
- Other operating charges +€2,145
up €2,145 (+955%), from €225 to €2,370
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €16,665 | €992,041 | +€975,376 | +5,853% |
| Fixed assets | 21/28 | - | €828,080 | +€828,080 | |
| Tangible fixed assets | 22/27 | - | €828,080 | +€828,080 | |
| Land and buildings | 22 | - | €828,080 | +€828,080 | |
| Current assets | 29/58 | €16,665 | €163,962 | +€147,297 | +884% |
| Amounts receivable within one year | 40/41 | - | €96,167 | +€96,167 | |
| Trade receivables | 40 | - | €96,167 | +€96,167 | |
| Cash at bank and in hand | 54/58 | €16,665 | €67,795 | +€51,130 | +307% |
| Total equity and liabilities | 10/49 | €16,665 | €992,041 | +€975,376 | +5,853% |
| Equity | 10/15 | €10,943 | €88,594 | +€77,651 | +710% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €943 | €78,594 | +€77,651 | +8,234% |
| Distributable reserves | 133 | €943 | €78,594 | +€77,651 | +8,234% |
| Amounts payable | 17/49 | €5,722 | €903,447 | +€897,725 | +15,689% |
| Amounts payable after more than one year | 17 | - | €680,589 | +€680,589 | |
| Financial debts | 170/4 | - | €680,589 | +€680,589 | |
| Amounts payable within one year | 42/48 | €5,722 | €222,859 | +€217,137 | +3,795% |
| Current portion of amounts payable after more than one year | 42 | - | €38,036 | +€38,036 | |
| Financial debts | 43 | - | €72,221 | +€72,221 | |
| Credit institutions | 430/8 | - | €72,221 | +€72,221 | |
| Trade debts | 44 | €415 | €6,842 | +€6,427 | +1,549% |
| Suppliers | 440/4 | €415 | €6,842 | +€6,427 | +1,549% |
| Taxes, remuneration and social security | 45 | €3,307 | €10,038 | +€6,731 | +204% |
| Taxes | 450/3 | €1,097 | €10,038 | +€8,941 | +815% |
| Remuneration and social security | 454/9 | €2,210 | €0 | -€2,210 | -100% |
| Other amounts payable | 47/48 | €2,000 | €95,723 | +€93,723 | +4,686% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €22,769 | +€22,769 | |
| Other operating charges | 640/8 | €225 | €2,370 | +€2,145 | +955% |
| Gross operating margin | 9900 | €1,668 | €119,631 | +€117,963 | +7,073% |
| Operating profit (loss) | 9901 | €1,443 | €94,492 | +€93,049 | +6,448% |
| Financial charges | 65/66B | €264 | €13,600 | +€13,336 | +5,047% |
| Recurring financial charges | 65 | €264 | €13,600 | +€13,336 | +5,047% |
| Profit (loss) for the period before taxes | 9903 | €1,179 | €80,892 | +€79,713 | +6,762% |
| Income taxes | 67/77 | €236 | €3,241 | +€3,005 | +1,275% |
| Profit (loss) for the period | 9904 | €943 | €77,651 | +€76,708 | +8,134% |
| Profit (loss) for the period to be appropriated | 9905 | €943 | €77,651 | +€76,708 | +8,134% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.