MVES 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.
MVES MANAGEMENT
Largest movements
- Cash -€16,928
down €16,928 (-73.4%), from €23,048 to €6,119
mainly Investment in fixed assets (net) (-€17,942) and Tax, wage and social debts (-€5,409)
- Tangible fixed assets +€14,888
up €14,888 (+912.3%), from €1,632 to €16,521
- Receivables within one year +€516
up €516 (+15.5%), from €3,332 to €3,848
- Other debts +€8,929
up €8,929 (+594.6%), from €1,502 to €10,430
- Tax, wage and social debts -€5,409
down €5,409 (-95.6%), from €5,659 to €251
- Profit (loss) carried forward -€5,026
down €5,026, from €2,125 to -€2,901
- Gross operating margin -€6,188
down €6,188 (-97.2%), from €6,369 to €181
- Depreciation +€1,256
up €1,256 (+69.9%), from €1,797 to €3,054
- Taxes -€867
down €867 (-74.2%), from €1,168 to €301
- Financial charges -€169
down €169 (-36.7%), from €460 to €291
- Other operating charges -€92
down €92 (-5.5%), from €1,653 to €1,562
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 | €30,938 | €29,241 | -€1,697 | -5.5% |
| Fixed assets | 21/28 | €1,632 | €16,521 | +€14,888 | +912.3% |
| Tangible fixed assets | 22/27 | €1,632 | €16,521 | +€14,888 | +912.3% |
| Furniture and vehicles | 24 | €1,632 | €16,521 | +€14,888 | +912.3% |
| Current assets | 29/58 | €29,306 | €12,721 | -€16,586 | -56.6% |
| Amounts receivable within one year | 40/41 | €3,332 | €3,848 | +€516 | +15.5% |
| Other amounts receivable | 41 | €3,332 | €3,848 | +€516 | +15.5% |
| Cash at bank and in hand | 54/58 | €23,048 | €6,119 | -€16,928 | -73.4% |
| Deferred charges and accrued income | 490/1 | €2,926 | €2,753 | -€173 | -5.9% |
| Total equity and liabilities | 10/49 | €30,938 | €29,241 | -€1,697 | -5.5% |
| Equity | 10/15 | €22,585 | €17,559 | -€5,026 | -22.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,125 | -€2,901 | -€5,026 | |
| Amounts payable | 17/49 | €8,354 | €11,683 | +€3,329 | +39.8% |
| Amounts payable within one year | 42/48 | €8,354 | €11,683 | +€3,329 | +39.8% |
| Trade debts | 44 | €1,193 | €1,001 | -€191 | -16.0% |
| Suppliers | 440/4 | €1,193 | €1,001 | -€191 | -16.0% |
| Taxes, remuneration and social security | 45 | €5,659 | €251 | -€5,409 | -95.6% |
| Taxes | 450/3 | €5,659 | €251 | -€5,409 | -95.6% |
| Other amounts payable | 47/48 | €1,502 | €10,430 | +€8,929 | +594.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,797 | €3,054 | +€1,256 | +69.9% |
| Other operating charges | 640/8 | €1,653 | €1,562 | -€92 | -5.5% |
| Gross operating margin | 9900 | €6,369 | €181 | -€6,188 | -97.2% |
| Operating profit (loss) | 9901 | €2,919 | -€4,434 | -€7,353 | |
| Financial income | 75/76B | €0 | €0 | +€0 | +4400.0% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +4400.0% |
| Financial charges | 65/66B | €460 | €291 | -€169 | -36.7% |
| Recurring financial charges | 65 | €460 | €291 | -€169 | -36.7% |
| Profit (loss) for the period before taxes | 9903 | €2,458 | -€4,725 | -€7,184 | |
| Income taxes | 67/77 | €1,168 | €301 | -€867 | -74.2% |
| Profit (loss) for the period | 9904 | €1,291 | -€5,026 | -€6,317 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,291 | -€5,026 | -€6,317 |
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 5 October 2026 via checked.be.