MVenture: 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.
MVenture
Largest movements
- Cash +€77,383
up €77,383 (+117.8%), from €65,703 to €143,086
mainly Net result for the year (+€113,071) and Tax, wage and social debts (+€9,201)
- Receivables within one year +€36,051
up €36,051 (+246.6%), from €14,616 to €50,667
of which Trade receivables: +€37,796
- Current investments +€10,000
new in 2025: €10,000
- Tangible fixed assets -€7,983
down €7,983 (-72.4%), from €11,023 to €3,040
- Reserves +€112,238
up €112,238 (+154.8%), from €72,497 to €184,734
- Tax, wage and social debts +€9,201
up €9,201 (+133.5%), from €6,894 to €16,095
- Other debts -€6,704
down €6,704 (-81.8%), from €8,199 to €1,495
- Gross operating margin +€117,780
up €117,780 (+279.4%), from €42,153 to €159,933
- Taxes +€26,928
up €26,928 (+410.2%), from €6,565 to €33,493
- Financial charges -€2,488
down €2,488 (-96.7%), from €2,573 to €85
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 | €92,662 | €207,386 | +€114,725 | +123.8% |
| Fixed assets | 21/28 | €11,023 | €3,040 | -€7,983 | -72.4% |
| Tangible fixed assets | 22/27 | €11,023 | €3,040 | -€7,983 | -72.4% |
| Furniture and vehicles | 24 | €11,023 | €3,040 | -€7,983 | -72.4% |
| Current assets | 29/58 | €81,638 | €204,346 | +€122,708 | +150.3% |
| Amounts receivable within one year | 40/41 | €14,616 | €50,667 | +€36,051 | +246.6% |
| Trade receivables | 40 | €12,620 | €50,417 | +€37,796 | +299.5% |
| Other amounts receivable | 41 | €1,996 | €250 | -€1,746 | -87.5% |
| Current investments | 50/53 | - | €10,000 | +€10,000 | |
| Cash at bank and in hand | 54/58 | €65,703 | €143,086 | +€77,383 | +117.8% |
| Deferred charges and accrued income | 490/1 | €1,319 | €593 | -€726 | -55.0% |
| Total equity and liabilities | 10/49 | €92,662 | €207,386 | +€114,725 | +123.8% |
| Equity | 10/15 | €77,497 | €189,734 | +€112,238 | +144.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €72,497 | €184,734 | +€112,238 | +154.8% |
| Distributable reserves | 133 | €72,497 | €184,734 | +€112,238 | +154.8% |
| Amounts payable | 17/49 | €15,165 | €17,652 | +€2,487 | +16.4% |
| Amounts payable within one year | 42/48 | €15,165 | €17,652 | +€2,487 | +16.4% |
| Trade debts | 44 | €72 | €62 | -€10 | -13.8% |
| Suppliers | 440/4 | €72 | €62 | -€10 | -13.8% |
| Taxes, remuneration and social security | 45 | €6,894 | €16,095 | +€9,201 | +133.5% |
| Taxes | 450/3 | €6,894 | €16,095 | +€9,201 | +133.5% |
| Other amounts payable | 47/48 | €8,199 | €1,495 | -€6,704 | -81.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,919 | €9,057 | +€138 | +1.5% |
| Other operating charges | 640/8 | €4,808 | €4,275 | -€533 | -11.1% |
| Gross operating margin | 9900 | €42,153 | €159,933 | +€117,780 | +279.4% |
| Operating profit (loss) | 9901 | €28,426 | €146,601 | +€118,175 | +415.7% |
| Financial income | 75/76B | €686 | €48 | -€638 | -93.0% |
| Recurring financial income | 75 | €686 | €48 | -€638 | -93.0% |
| Financial charges | 65/66B | €2,573 | €85 | -€2,488 | -96.7% |
| Recurring financial charges | 65 | €2,573 | €85 | -€2,488 | -96.7% |
| Profit (loss) for the period before taxes | 9903 | €26,539 | €146,564 | +€120,025 | +452.3% |
| Income taxes | 67/77 | €6,565 | €33,493 | +€26,928 | +410.2% |
| Profit (loss) for the period | 9904 | €19,974 | €113,071 | +€93,097 | +466.1% |
| Profit (loss) for the period to be appropriated | 9905 | €19,974 | €113,071 | +€93,097 | +466.1% |
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 8 October 2026 via checked.be.