MVet: 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.
MVet
Largest movements
- Cash -€9,742
down €9,742 (-43.7%), from €22,306 to €12,564
mainly Investment in fixed assets (net) (-€5,567) and Current portion of long-term debt (-€3,680)
- Tangible fixed assets +€3,012
up €3,012 (+125.8%), from €2,393 to €5,405
of which Furniture and vehicles: +€4,436
- Receivables within one year -€2,030
down €2,030 (-23.0%), from €8,833 to €6,804
of which Trade receivables: -€2,030
- Deferred charges and accrued income -€783
down €783 (-66.6%), from €1,177 to €394
- Current portion of long-term debt -€3,680
down €3,680 (-100.0%), from €3,680 to €0
- Profit (loss) carried forward -€2,467
down €2,467 (-35.5%), from €6,945 to €4,479
- Trade debts -€2,005
down €2,005 (-100.0%), from €2,005 to €0
- Tax, wage and social debts -€784
down €784 (-17.4%), from €4,497 to €3,713
- Other debts -€648
down €648 (-6.2%), from €10,466 to €9,819
- Depreciation -€1,805
down €1,805 (-41.4%), from €4,360 to €2,555
- Gross operating margin +€578
up €578 (+133.9%), from €432 to €1,010
- Financial charges -€55
down €55 (-25.2%), from €217 to €162
- Other operating charges -€27
down €27 (-4.6%), from €590 to €563
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 | €34,709 | €25,166 | -€9,543 | -27.5% |
| Fixed assets | 21/28 | €2,393 | €5,405 | +€3,012 | +125.8% |
| Tangible fixed assets | 22/27 | €2,393 | €5,405 | +€3,012 | +125.8% |
| Furniture and vehicles | 24 | €969 | €5,405 | +€4,436 | +457.7% |
| Leasing and similar rights | 25 | €1,424 | €0 | -€1,424 | -100.0% |
| Current assets | 29/58 | €32,316 | €19,761 | -€12,555 | -38.9% |
| Amounts receivable within one year | 40/41 | €8,833 | €6,804 | -€2,030 | -23.0% |
| Trade receivables | 40 | €8,833 | €6,804 | -€2,030 | -23.0% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €22,306 | €12,564 | -€9,742 | -43.7% |
| Deferred charges and accrued income | 490/1 | €1,177 | €394 | -€783 | -66.6% |
| Total equity and liabilities | 10/49 | €34,709 | €25,166 | -€9,543 | -27.5% |
| Equity | 10/15 | €12,945 | €10,479 | -€2,467 | -19.1% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,945 | €4,479 | -€2,467 | -35.5% |
| Amounts payable | 17/49 | €21,764 | €14,687 | -€7,076 | -32.5% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €20,648 | €13,532 | -€7,116 | -34.5% |
| Current portion of amounts payable after more than one year | 42 | €3,680 | €0 | -€3,680 | -100.0% |
| Trade debts | 44 | €2,005 | €0 | -€2,005 | -100.0% |
| Suppliers | 440/4 | €2,005 | €0 | -€2,005 | -100.0% |
| Taxes, remuneration and social security | 45 | €4,497 | €3,713 | -€784 | -17.4% |
| Taxes | 450/3 | €4,497 | €3,713 | -€784 | -17.4% |
| Other amounts payable | 47/48 | €10,466 | €9,819 | -€648 | -6.2% |
| Accrued charges and deferred income | 492/3 | €1,116 | €1,156 | +€40 | +3.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,360 | €2,555 | -€1,805 | -41.4% |
| Other operating charges | 640/8 | €590 | €563 | -€27 | -4.6% |
| Gross operating margin | 9900 | €432 | €1,010 | +€578 | +133.9% |
| Operating profit (loss) | 9901 | -€4,518 | -€2,108 | +€2,410 | +53.3% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €217 | €162 | -€55 | -25.2% |
| Recurring financial charges | 65 | €217 | €162 | -€55 | -25.2% |
| Profit (loss) for the period before taxes | 9903 | -€4,735 | -€2,270 | +€2,465 | +52.1% |
| Income taxes | 67/77 | €195 | €196 | +€1 | +0.7% |
| Profit (loss) for the period | 9904 | -€4,930 | -€2,467 | +€2,463 | +50.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,930 | -€2,467 | +€2,463 | +50.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.