MVH: what changed
What changed
MVH
NACE 43.331, Floor and wall tiling
filed annual accounts (NBB)
Net result for the year
€24,191
2024 · -€32,609+€56,800
Equity
-€20,347
2024 · -€44,539+€24,191
Cash
€6,425
2024 · €6,295+€130
Balance sheet total
€138,663
2024 · €144,392-€5,728
Largest movements
Assets
- Tangible fixed assets -€8,899
down €8,899 (-7.2%), from €123,767 to €114,868
of which Furniture and vehicles: -€8,270
- Receivables within one year +€4,678
up €4,678 (+44.7%), from €10,455 to €15,133
of which Trade receivables: +€4,678
- Deferred charges and accrued income -€1,637
down €1,637 (-43.7%), from €3,746 to €2,109
Equity and liabilities
- Profit (loss) carried forward +€24,191
up €24,191 (+22.8%), from -€106,039 to -€81,847
- Other debts -€11,637
down €11,637 (-12.8%), from €90,666 to €79,029
- Short-term financial debts -€7,543
down €7,543 (-100%), from €7,543 to €0
- Trade debts -€6,871
down €6,871 (-96.7%), from €7,109 to €238
- Debts after one year -€5,959
down €5,959 (-8.2%), from €72,622 to €66,663
Income statement
- Gross operating margin +€36,924
up €36,924 (+2,581%), from €1,431 to €38,355
- Depreciation -€18,119
down €18,119 (-65.9%), from €27,500 to €9,381
- Other operating charges -€1,851
down €1,851 (-40.5%), from €4,575 to €2,724
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€32,609
Gross operating margin
+€36,924
Depreciation
+€18,119
Other operating charges
+€1,851
Financial income
-€14
Financial charges
-€79
Taxes
-€2
Result 2025
€24,191
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€13,826
Investment
-€482
Financing
-€13,214
Cash 2024
€6,295
From operations (derived)
+€13,826
Net result for the year
+€24,191
Depreciation
+€9,381
Receivables within one year
-€4,678
Deferred charges and accrued income
+€1,637
Trade debts
-€6,871
Tax, wage and social debts
+€485
Other debts
-€11,637
Accrued charges and deferred income
+€1,318
Investment (derived)
-€482
Investment in fixed assets (net)
-€482
Financing
-€13,214
Debts after one year
-€5,959
Current portion of long-term debt
+€287
Short-term financial debts
-€7,543
Cash 2025
€6,425
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €144,392 | €138,663 | -€5,728 | -4.0% |
| Fixed assets | 21/28 | €123,895 | €114,996 | -€8,899 | -7.2% |
| Tangible fixed assets | 22/27 | €123,767 | €114,868 | -€8,899 | -7.2% |
| Land and buildings | 22 | €89,600 | €89,600 | = | 0.0% |
| Plant, machinery and equipment | 23 | €1,594 | €1,196 | -€399 | -25.0% |
| Furniture and vehicles | 24 | €30,772 | €22,502 | -€8,270 | -26.9% |
| Other tangible fixed assets | 26 | €1,800 | €1,570 | -€230 | -12.8% |
| Financial fixed assets | 28 | €128 | €128 | = | 0.0% |
| Current assets | 29/58 | €20,497 | €23,667 | +€3,171 | +15.5% |
| Amounts receivable within one year | 40/41 | €10,455 | €15,133 | +€4,678 | +44.7% |
| Trade receivables | 40 | €10,455 | €15,133 | +€4,678 | +44.7% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €6,295 | €6,425 | +€130 | +2.1% |
| Deferred charges and accrued income | 490/1 | €3,746 | €2,109 | -€1,637 | -43.7% |
| Total equity and liabilities | 10/49 | €144,392 | €138,663 | -€5,728 | -4.0% |
| Equity | 10/15 | -€44,539 | -€20,347 | +€24,191 | +54.3% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€106,039 | -€81,847 | +€24,191 | +22.8% |
| Amounts payable | 17/49 | €188,930 | €159,011 | -€29,920 | -15.8% |
| Amounts payable after more than one year | 17 | €72,622 | €66,663 | -€5,959 | -8.2% |
| Financial debts | 170/4 | €72,622 | €66,663 | -€5,959 | -8.2% |
| Amounts payable within one year | 42/48 | €115,558 | €90,279 | -€25,279 | -21.9% |
| Current portion of amounts payable after more than one year | 42 | €5,672 | €5,959 | +€287 | +5.1% |
| Financial debts | 43 | €7,543 | €0 | -€7,543 | -100% |
| Credit institutions | 430/8 | €7,543 | €0 | -€7,543 | -100% |
| Trade debts | 44 | €7,109 | €238 | -€6,871 | -96.7% |
| Suppliers | 440/4 | €7,109 | €238 | -€6,871 | -96.7% |
| Taxes, remuneration and social security | 45 | €4,569 | €5,054 | +€485 | +10.6% |
| Taxes | 450/3 | €4,569 | €5,054 | +€485 | +10.6% |
| Other amounts payable | 47/48 | €90,666 | €79,029 | -€11,637 | -12.8% |
| Accrued charges and deferred income | 492/3 | €750 | €2,068 | +€1,318 | +176% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,500 | €9,381 | -€18,119 | -65.9% |
| Other operating charges | 640/8 | €4,575 | €2,724 | -€1,851 | -40.5% |
| Gross operating margin | 9900 | €1,431 | €38,355 | +€36,924 | +2,581% |
| Operating profit (loss) | 9901 | -€30,644 | €26,250 | +€56,895 | |
| Financial income | 75/76B | €14 | €0 | -€14 | -100% |
| Recurring financial income | 75 | €14 | €0 | -€14 | -100% |
| Financial charges | 65/66B | €1,937 | €2,016 | +€79 | +4.1% |
| Recurring financial charges | 65 | €1,937 | €2,016 | +€79 | +4.1% |
| Profit (loss) for the period before taxes | 9903 | -€32,568 | €24,234 | +€56,802 | |
| Income taxes | 67/77 | €41 | €43 | +€2 | +5.4% |
| Profit (loss) for the period | 9904 | -€32,609 | €24,191 | +€56,800 | |
| Profit (loss) for the period to be appropriated | 9905 | -€32,609 | €24,191 | +€56,800 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.