MVH Consulting: 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 Consulting
Largest movements
- Current investments +€50,000
new in 2025: €50,000
- Tangible fixed assets -€7,374
down €7,374 (-21.2%), from €34,746 to €27,372
of which Furniture and vehicles: -€9,768
- Receivables within one year -€6,174
down €6,174 (-41.3%), from €14,958 to €8,784
of which Trade receivables: -€5,979
- Cash -€5,040
down €5,040 (-11.1%), from €45,264 to €40,224
mainly Current investments (-€50,000) and Debts after one year (-€11,010)
- Reserves +€43,077
up €43,077 (+87.3%), from €49,344 to €92,421
- Debts after one year -€11,010
down €11,010 (-46.8%), from €23,519 to €12,509
- Tax, wage and social debts -€1,396
down €1,396 (-14.7%), from €9,478 to €8,082
- Gross operating margin +€27,690
up €27,690 (+67.1%), from €41,264 to €68,954
- Taxes +€5,532
up €5,532 (+86.9%), from €6,363 to €11,895
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 | €94,968 | €126,380 | +€31,412 | +33.1% |
| Fixed assets | 21/28 | €34,746 | €27,372 | -€7,374 | -21.2% |
| Tangible fixed assets | 22/27 | €34,746 | €27,372 | -€7,374 | -21.2% |
| Plant, machinery and equipment | 23 | €2,263 | €4,657 | +€2,394 | +106% |
| Furniture and vehicles | 24 | €32,483 | €22,715 | -€9,768 | -30.1% |
| Current assets | 29/58 | €60,222 | €99,008 | +€38,786 | +64.4% |
| Amounts receivable within one year | 40/41 | €14,958 | €8,784 | -€6,174 | -41.3% |
| Trade receivables | 40 | €14,687 | €8,708 | -€5,979 | -40.7% |
| Other amounts receivable | 41 | €271 | €77 | -€195 | -71.7% |
| Current investments | 50/53 | - | €50,000 | +€50,000 | |
| Cash at bank and in hand | 54/58 | €45,264 | €40,224 | -€5,040 | -11.1% |
| Total equity and liabilities | 10/49 | €94,968 | €126,380 | +€31,412 | +33.1% |
| Equity | 10/15 | €51,344 | €94,421 | +€43,077 | +83.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €49,344 | €92,421 | +€43,077 | +87.3% |
| Distributable reserves | 133 | €49,344 | €92,421 | +€43,077 | +87.3% |
| Amounts payable | 17/49 | €43,624 | €31,959 | -€11,665 | -26.7% |
| Amounts payable after more than one year | 17 | €23,519 | €12,509 | -€11,010 | -46.8% |
| Financial debts | 170/4 | €23,519 | €12,509 | -€11,010 | -46.8% |
| Amounts payable within one year | 42/48 | €20,105 | €19,450 | -€655 | -3.3% |
| Current portion of amounts payable after more than one year | 42 | €10,518 | €11,010 | +€492 | +4.7% |
| Financial debts | 43 | €43 | €90 | +€47 | +111% |
| Credit institutions | 430/8 | €43 | €90 | +€47 | +111% |
| Trade debts | 44 | €66 | €268 | +€202 | +304% |
| Suppliers | 440/4 | €66 | €268 | +€202 | +304% |
| Taxes, remuneration and social security | 45 | €9,478 | €8,082 | -€1,396 | -14.7% |
| Taxes | 450/3 | €9,478 | €8,082 | -€1,396 | -14.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,561 | €12,127 | +€566 | +4.9% |
| Other operating charges | 640/8 | €380 | €389 | +€9 | +2.3% |
| Gross operating margin | 9900 | €41,264 | €68,954 | +€27,690 | +67.1% |
| Operating profit (loss) | 9901 | €29,323 | €56,438 | +€27,115 | +92.5% |
| Financial income | 75/76B | €0 | €9 | +€9 | +86,400% |
| Recurring financial income | 75 | €0 | €9 | +€9 | +86,400% |
| Financial charges | 65/66B | €1,934 | €1,475 | -€458 | -23.7% |
| Recurring financial charges | 65 | €1,934 | €1,475 | -€458 | -23.7% |
| Profit (loss) for the period before taxes | 9903 | €27,389 | €54,972 | +€27,582 | +101% |
| Income taxes | 67/77 | €6,363 | €11,895 | +€5,532 | +86.9% |
| Profit (loss) for the period | 9904 | €21,026 | €43,077 | +€22,051 | +105% |
| Profit (loss) for the period to be appropriated | 9905 | €21,026 | €43,077 | +€22,051 | +105% |
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 20 October 2026 via checked.be.