MVG Technics: what changed
Two financial 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.
MVG Technics
Largest movements
- Tangible fixed assets +€558,813
up €558,813 (+21,519%), from €2,597 to €561,410
of which Land and buildings: +€536,008
- Stocks and contracts -€51,117
down €51,117 (-41.0%), from €124,558 to €73,441
- Cash -€35,610
down €35,610 (-31.2%), from €114,178 to €78,568
mainly Investment in fixed assets (net) (-€566,947) and Contributions, distributions and other (-€200,000)
- Debts after one year +€422,425
new in 2025: €422,425
- Reserves -€150,170
down €150,170 (-72.5%), from €207,143 to €56,973
- Other debts +€121,175
up €121,175 (+206%), from €58,844 to €180,020
- Trade debts +€27,470
up €27,470, from €0 to €27,470
- Current portion of long-term debt +€25,641
new in 2025: €25,641
- Staff costs +€57,947
new in 2025: €57,947
- Gross operating margin -€33,313
down €33,313 (-18.7%), from €177,947 to €144,634
- Taxes -€23,966
down €23,966 (-60.0%), from €39,918 to €15,952
- Depreciation +€12,775
up €12,775 (+984%), from €1,299 to €14,073
- Financial charges +€6,004
up €6,004 (+4,895%), from €123 to €6,126
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.
Derived cash bridge
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 | €302,506 | €777,352 | +€474,846 | +157% |
| Fixed assets | 21/28 | €8,537 | €561,410 | +€552,873 | +6,476% |
| Tangible fixed assets | 22/27 | €2,597 | €561,410 | +€558,813 | +21,519% |
| Land and buildings | 22 | - | €536,008 | +€536,008 | |
| Plant, machinery and equipment | 23 | €853 | €2,034 | +€1,181 | +138% |
| Furniture and vehicles | 24 | €1,743 | €23,367 | +€21,624 | +1,240% |
| Financial fixed assets | 28 | €5,940 | - | -€5,940 | |
| Current assets | 29/58 | €293,970 | €215,942 | -€78,028 | -26.5% |
| Stocks and contracts in progress | 3 | €124,558 | €73,441 | -€51,117 | -41.0% |
| Stocks | 30/36 | €124,558 | €73,441 | -€51,117 | -41.0% |
| Amounts receivable within one year | 40/41 | €52,338 | €56,569 | +€4,231 | +8.1% |
| Trade receivables | 40 | €50,378 | €31,830 | -€18,548 | -36.8% |
| Other amounts receivable | 41 | €1,960 | €24,739 | +€22,779 | +1,162% |
| Cash at bank and in hand | 54/58 | €114,178 | €78,568 | -€35,610 | -31.2% |
| Deferred charges and accrued income | 490/1 | €2,896 | €7,364 | +€4,468 | +154% |
| Total equity and liabilities | 10/49 | €302,506 | €777,352 | +€474,846 | +157% |
| Equity | 10/15 | €209,143 | €58,973 | -€150,170 | -71.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €207,143 | €56,973 | -€150,170 | -72.5% |
| Distributable reserves | 133 | €207,143 | €56,973 | -€150,170 | -72.5% |
| Amounts payable | 17/49 | €93,363 | €718,379 | +€625,016 | +669% |
| Amounts payable after more than one year | 17 | - | €422,425 | +€422,425 | |
| Financial debts | 170/4 | - | €422,425 | +€422,425 | |
| Amounts payable within one year | 42/48 | €92,885 | €276,131 | +€183,246 | +197% |
| Current portion of amounts payable after more than one year | 42 | - | €25,641 | +€25,641 | |
| Trade debts | 44 | €0 | €27,470 | +€27,470 | |
| Suppliers | 440/4 | €0 | €27,470 | +€27,470 | |
| Advances received on contracts in progress | 46 | €11,788 | - | -€11,788 | |
| Taxes, remuneration and social security | 45 | €22,252 | €43,001 | +€20,748 | +93.2% |
| Taxes | 450/3 | €22,252 | €42,681 | +€20,429 | +91.8% |
| Remuneration and social security | 454/9 | - | €319 | +€319 | |
| Other amounts payable | 47/48 | €58,844 | €180,020 | +€121,175 | +206% |
| Accrued charges and deferred income | 492/3 | €478 | €19,823 | +€19,345 | +4,047% |
| Remuneration, social security and pensions | 62 | - | €57,947 | +€57,947 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,299 | €14,073 | +€12,775 | +984% |
| Other operating charges | 640/8 | €1,620 | €1,459 | -€161 | -9.9% |
| Gross operating margin | 9900 | €177,947 | €144,634 | -€33,313 | -18.7% |
| Operating profit (loss) | 9901 | €175,028 | €71,154 | -€103,873 | -59.3% |
| Financial income | 75/76B | €8 | €753 | +€745 | +8,901% |
| Recurring financial income | 75 | €8 | €753 | +€745 | +8,901% |
| Financial charges | 65/66B | €123 | €6,126 | +€6,004 | +4,895% |
| Recurring financial charges | 65 | €123 | €6,126 | +€6,004 | +4,895% |
| Profit (loss) for the period before taxes | 9903 | €174,914 | €65,782 | -€109,132 | -62.4% |
| Income taxes | 67/77 | €39,918 | €15,952 | -€23,966 | -60.0% |
| Profit (loss) for the period | 9904 | €134,996 | €49,830 | -€85,166 | -63.1% |
| Profit (loss) for the period to be appropriated | 9905 | €134,996 | €49,830 | -€85,166 | -63.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.