MVH CONSULT: 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 CONSULT
Largest movements
- Current investments +€178,000
new in 2025: €178,000
- Cash -€93,143
down €93,143 (-90.4%), from €103,075 to €9,932
mainly Current investments (-€178,000) and Receivables within one year (-€4,651)
- Receivables within one year +€4,651
up €4,651 (+14.3%), from €32,559 to €37,210
of which Trade receivables: +€5,373
- Reserves +€68,597
up €68,597 (+72.9%), from €94,152 to €162,749
- Tax, wage and social debts +€21,671
up €21,671 (+57.4%), from €37,783 to €59,454
of which Taxes: +€20,542
- Gross operating margin -€36,930
down €36,930 (-29.5%), from €125,125 to €88,195
- Taxes -€10,006
down €10,006 (-35.0%), from €28,613 to €18,608
- Depreciation -€1,351
down €1,351 (-72.8%), from €1,857 to €506
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 | €136,863 | €225,326 | +€88,463 | +64.6% |
| Fixed assets | 21/28 | €689 | €184 | -€506 | -73.3% |
| Tangible fixed assets | 22/27 | €689 | €184 | -€506 | -73.3% |
| Furniture and vehicles | 24 | €689 | €184 | -€506 | -73.3% |
| Current assets | 29/58 | €136,174 | €225,142 | +€88,968 | +65.3% |
| Amounts receivable within one year | 40/41 | €32,559 | €37,210 | +€4,651 | +14.3% |
| Trade receivables | 40 | €28,184 | €33,557 | +€5,373 | +19.1% |
| Other amounts receivable | 41 | €4,375 | €3,653 | -€722 | -16.5% |
| Current investments | 50/53 | - | €178,000 | +€178,000 | |
| Cash at bank and in hand | 54/58 | €103,075 | €9,932 | -€93,143 | -90.4% |
| Deferred charges and accrued income | 490/1 | €540 | €0 | -€540 | -100% |
| Total equity and liabilities | 10/49 | €136,863 | €225,326 | +€88,463 | +64.6% |
| Equity | 10/15 | €97,152 | €165,749 | +€68,597 | +70.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €94,152 | €162,749 | +€68,597 | +72.9% |
| Distributable reserves | 133 | €94,152 | €162,749 | +€68,597 | +72.9% |
| Amounts payable | 17/49 | €39,711 | €59,577 | +€19,865 | +50.0% |
| Amounts payable within one year | 42/48 | €39,711 | €59,577 | +€19,865 | +50.0% |
| Trade debts | 44 | €1,928 | €122 | -€1,806 | -93.7% |
| Suppliers | 440/4 | €1,928 | €122 | -€1,806 | -93.7% |
| Taxes, remuneration and social security | 45 | €37,783 | €59,454 | +€21,671 | +57.4% |
| Taxes | 450/3 | €36,412 | €56,954 | +€20,542 | +56.4% |
| Remuneration and social security | 454/9 | €1,371 | €2,500 | +€1,129 | +82.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,857 | €506 | -€1,351 | -72.8% |
| Other operating charges | 640/8 | €476 | €518 | +€42 | +8.9% |
| Gross operating margin | 9900 | €125,125 | €88,195 | -€36,930 | -29.5% |
| Operating profit (loss) | 9901 | €122,792 | €87,172 | -€35,621 | -29.0% |
| Financial income | 75/76B | €133 | €218 | +€85 | +63.8% |
| Recurring financial income | 75 | €133 | €218 | +€85 | +63.8% |
| Financial charges | 65/66B | €160 | €184 | +€24 | +15.0% |
| Recurring financial charges | 65 | €160 | €184 | +€24 | +15.0% |
| Profit (loss) for the period before taxes | 9903 | €122,765 | €87,205 | -€35,560 | -29.0% |
| Income taxes | 67/77 | €28,613 | €18,608 | -€10,006 | -35.0% |
| Profit (loss) for the period | 9904 | €94,152 | €68,597 | -€25,554 | -27.1% |
| Profit (loss) for the period to be appropriated | 9905 | €94,152 | €68,597 | -€25,554 | -27.1% |
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 19 October 2026 via checked.be.