MVH ASSURANCES: 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.
MVH ASSURANCES
Largest movements
- Tangible fixed assets +€225,797
up €225,797 (+44.7%), from €505,428 to €731,225
of which Other tangible fixed assets: +€246,106
- Deferred charges and accrued income +€22,061
up €22,061 (+362%), from €6,094 to €28,155
- Receivables within one year +€10,121
up €10,121 (+21.6%), from €46,955 to €57,076
of which Trade receivables: +€20,907
- Cash -€9,880
down €9,880 (-100.0%), from €9,884 to €4
mainly Investment in fixed assets (net) (-€278,143) and Deferred charges and accrued income (-€22,061)
- Other debts +€98,656
up €98,656 (+438%), from €22,500 to €121,156
- Debts after one year +€87,120
up €87,120 (+20.7%), from €420,948 to €508,069
- Profit (loss) carried forward +€34,961
up €34,961 (+46.2%), from €75,639 to €110,599
- Current portion of long-term debt +€13,543
up €13,543 (+41.8%), from €32,417 to €45,960
- Trade debts +€8,442
up €8,442 (+120%), from €7,018 to €15,460
- Gross operating margin +€87,072
up €87,072 (+266%), from €32,708 to €119,779
- Taxes +€34,550
up €34,550, from -€31,446 to €3,103
- Depreciation +€22,514
up €22,514 (+72.4%), from €31,079 to €53,593
- Financial charges +€13,681
up €13,681 (+110%), from €12,466 to €26,148
- Staff costs -€1,421
no longer reported in 2025 (was €1,421)
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 | €569,608 | €816,460 | +€246,852 | +43.3% |
| Formation expenses | 20 | €1,247 | - | -€1,247 | |
| Fixed assets | 21/28 | €505,428 | €731,225 | +€225,797 | +44.7% |
| Tangible fixed assets | 22/27 | €505,428 | €731,225 | +€225,797 | +44.7% |
| Land and buildings | 22 | €354,918 | €343,190 | -€11,729 | -3.3% |
| Furniture and vehicles | 24 | €14,836 | €6,256 | -€8,580 | -57.8% |
| Other tangible fixed assets | 26 | €135,673 | €381,779 | +€246,106 | +181% |
| Current assets | 29/58 | €62,934 | €85,236 | +€22,302 | +35.4% |
| Amounts receivable within one year | 40/41 | €46,955 | €57,076 | +€10,121 | +21.6% |
| Trade receivables | 40 | €16,669 | €37,576 | +€20,907 | +125% |
| Other amounts receivable | 41 | €30,286 | €19,500 | -€10,786 | -35.6% |
| Cash at bank and in hand | 54/58 | €9,884 | €4 | -€9,880 | -100.0% |
| Deferred charges and accrued income | 490/1 | €6,094 | €28,155 | +€22,061 | +362% |
| Total equity and liabilities | 10/49 | €569,608 | €816,460 | +€246,852 | +43.3% |
| Equity | 10/15 | €77,639 | €112,599 | +€34,961 | +45.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €75,639 | €110,599 | +€34,961 | +46.2% |
| Amounts payable | 17/49 | €491,970 | €703,861 | +€211,891 | +43.1% |
| Amounts payable after more than one year | 17 | €420,948 | €508,069 | +€87,120 | +20.7% |
| Financial debts | 170/4 | €420,948 | €508,069 | +€87,120 | +20.7% |
| Amounts payable within one year | 42/48 | €71,021 | €195,792 | +€124,771 | +176% |
| Current portion of amounts payable after more than one year | 42 | €32,417 | €45,960 | +€13,543 | +41.8% |
| Trade debts | 44 | €7,018 | €15,460 | +€8,442 | +120% |
| Suppliers | 440/4 | €7,018 | €15,460 | +€8,442 | +120% |
| Taxes, remuneration and social security | 45 | €9,086 | €13,216 | +€4,130 | +45.5% |
| Taxes | 450/3 | €6,030 | €10,161 | +€4,130 | +68.5% |
| Remuneration and social security | 454/9 | €3,056 | €3,056 | = | 0.0% |
| Other amounts payable | 47/48 | €22,500 | €121,156 | +€98,656 | +438% |
| Non-recurring operating income | 76A | €8,820 | - | -€8,820 | |
| Remuneration, social security and pensions | 62 | €1,421 | - | -€1,421 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,079 | €53,593 | +€22,514 | +72.4% |
| Other operating charges | 640/8 | €1,152 | €1,994 | +€842 | +73.1% |
| Non-recurring operating charges | 66A | €1,079 | - | -€1,079 | |
| Gross operating margin | 9900 | €32,708 | €119,779 | +€87,072 | +266% |
| Operating profit (loss) | 9901 | -€2,023 | €64,193 | +€66,216 | |
| Financial income | 75/76B | €36 | €19 | -€17 | -48.1% |
| Recurring financial income | 75 | €36 | €19 | -€17 | -48.1% |
| Financial charges | 65/66B | €12,466 | €26,148 | +€13,681 | +110% |
| Recurring financial charges | 65 | €12,466 | €26,148 | +€13,681 | +110% |
| Profit (loss) for the period before taxes | 9903 | -€14,454 | €38,064 | +€52,517 | |
| Income taxes | 67/77 | -€31,446 | €3,103 | +€34,550 | |
| Profit (loss) for the period | 9904 | €16,993 | €34,961 | +€17,968 | +106% |
| Profit (loss) for the period to be appropriated | 9905 | €16,993 | €34,961 | +€17,968 | +106% |
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 28 October 2026 via checked.be.