MVFC SPRL: 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.
MVFC SPRL
Largest movements
- Intangible fixed assets -€2,822
down €2,822 (-50.0%), from €5,645 to €2,822
- Tangible fixed assets -€1,281
down €1,281 (-25.2%), from €5,094 to €3,813
of which Other tangible fixed assets: -€723
- Profit (loss) carried forward -€20,151
down €20,151 (-43.0%), from -€46,859 to -€67,010
- Debts after one year +€16,000
up €16,000 (+23.2%), from €69,000 to €85,000
- Staff costs +€6,500
new in 2025: €6,500
- Gross operating margin +€401
up €401 (+4.0%), from -€9,949 to -€9,547
- Depreciation -€368
down €368 (-8.2%), from €4,472 to €4,104
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 | €42,885 | €38,796 | -€4,089 | -9.5% |
| Fixed assets | 21/28 | €10,739 | €6,635 | -€4,104 | -38.2% |
| Intangible fixed assets | 21 | €5,645 | €2,822 | -€2,822 | -50.0% |
| Tangible fixed assets | 22/27 | €5,094 | €3,813 | -€1,281 | -25.2% |
| Furniture and vehicles | 24 | €638 | €79 | -€559 | -87.6% |
| Other tangible fixed assets | 26 | €4,456 | €3,734 | -€723 | -16.2% |
| Current assets | 29/58 | €32,146 | €32,160 | +€15 | 0.0% |
| Stocks and contracts in progress | 3 | €32,006 | €32,000 | -€6 | 0.0% |
| Stocks | 30/36 | €32,000 | €32,000 | = | 0.0% |
| Contracts in progress | 37 | €6 | - | -€6 | |
| Amounts receivable within one year | 40/41 | - | €11 | +€11 | |
| Other amounts receivable | 41 | - | €11 | +€11 | |
| Cash at bank and in hand | 54/58 | €139 | €149 | +€10 | +7.0% |
| Total equity and liabilities | 10/49 | €42,885 | €38,796 | -€4,089 | -9.5% |
| Equity | 10/15 | -€26,399 | -€46,550 | -€20,151 | -76.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €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% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€46,859 | -€67,010 | -€20,151 | -43.0% |
| Amounts payable | 17/49 | €69,283 | €85,345 | +€16,062 | +23.2% |
| Amounts payable after more than one year | 17 | €69,000 | €85,000 | +€16,000 | +23.2% |
| Other amounts payable | 178/9 | €69,000 | €85,000 | +€16,000 | +23.2% |
| Amounts payable within one year | 42/48 | €283 | €345 | +€62 | +21.9% |
| Other amounts payable | 47/48 | €283 | €345 | +€62 | +21.9% |
| Remuneration, social security and pensions | 62 | - | €6,500 | +€6,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,472 | €4,104 | -€368 | -8.2% |
| Gross operating margin | 9900 | -€9,949 | -€9,547 | +€401 | +4.0% |
| Operating profit (loss) | 9901 | -€14,421 | -€20,151 | -€5,730 | -39.7% |
| Profit (loss) for the period before taxes | 9903 | -€14,421 | -€20,151 | -€5,730 | -39.7% |
| Profit (loss) for the period | 9904 | -€14,421 | -€20,151 | -€5,730 | -39.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,421 | -€20,151 | -€5,730 | -39.7% |
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.