MVH Holding: 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 Holding
Largest movements
- Receivables within one year +€152,957
up €152,957 (+203%), from €75,429 to €228,387
of which Other amounts receivable: +€142,096
- Current investments -€90,000
down €90,000 (-100%), from €90,000 to €0
- Cash +€50,893
up €50,893 (+24.5%), from €208,060 to €258,954
mainly Net result for the year (+€155,166) and Other debts (+€146,994)
- Tangible fixed assets -€6,405
down €6,405 (-38.4%), from €16,682 to €10,277
of which Furniture and vehicles: -€6,785
- Other debts +€146,994
up €146,994 (+1,799%), from €8,172 to €155,166
- Tax, wage and social debts -€43,365
down €43,365 (-100.0%), from €43,366 to €1
of which Taxes: -€39,633
- Financial income +€41,649
up €41,649 (+7,197%), from €579 to €42,227
- Gross operating margin +€33,669
up €33,669 (+23.8%), from €141,198 to €174,867
- Other operating charges +€4,170
up €4,170 (+198%), from €2,107 to €6,277
- Taxes +€3,358
up €3,358 (+7.4%), from €45,348 to €48,706
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 | €398,495 | €505,056 | +€106,561 | +26.7% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €22,275 | €15,351 | -€6,925 | -31.1% |
| Intangible fixed assets | 21 | €593 | €74 | -€520 | -87.6% |
| Tangible fixed assets | 22/27 | €16,682 | €10,277 | -€6,405 | -38.4% |
| Land and buildings | 22 | €1,203 | €940 | -€262 | -21.8% |
| Plant, machinery and equipment | 23 | €4,648 | €5,290 | +€642 | +13.8% |
| Furniture and vehicles | 24 | €10,832 | €4,047 | -€6,785 | -62.6% |
| Financial fixed assets | 28 | €5,000 | €5,000 | = | 0.0% |
| Current assets | 29/58 | €376,220 | €489,705 | +€113,486 | +30.2% |
| Amounts receivable within one year | 40/41 | €75,429 | €228,387 | +€152,957 | +203% |
| Trade receivables | 40 | €66,055 | €76,916 | +€10,861 | +16.4% |
| Other amounts receivable | 41 | €9,374 | €151,471 | +€142,096 | +1,516% |
| Current investments | 50/53 | €90,000 | €0 | -€90,000 | -100% |
| Cash at bank and in hand | 54/58 | €208,060 | €258,954 | +€50,893 | +24.5% |
| Deferred charges and accrued income | 490/1 | €2,730 | €2,365 | -€365 | -13.4% |
| Total equity and liabilities | 10/49 | €398,495 | €505,056 | +€106,561 | +26.7% |
| Equity | 10/15 | €338,691 | €338,691 | = | 0.0% |
| Contributions | 10/11 | €14,805 | €14,805 | = | 0.0% |
| Reserves | 13 | €323,886 | €323,886 | = | 0.0% |
| Distributable reserves | 133 | €323,886 | €323,886 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €59,804 | €166,365 | +€106,561 | +178% |
| Amounts payable within one year | 42/48 | €59,804 | €165,809 | +€106,005 | +177% |
| Trade debts | 44 | €8,266 | €10,642 | +€2,376 | +28.7% |
| Suppliers | 440/4 | €8,266 | €10,642 | +€2,376 | +28.7% |
| Taxes, remuneration and social security | 45 | €43,366 | €1 | -€43,365 | -100.0% |
| Taxes | 450/3 | €39,634 | €1 | -€39,633 | -100.0% |
| Remuneration and social security | 454/9 | €3,732 | €0 | -€3,732 | -100% |
| Other amounts payable | 47/48 | €8,172 | €155,166 | +€146,994 | +1,799% |
| Accrued charges and deferred income | 492/3 | - | €555 | +€555 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,784 | €6,676 | -€1,109 | -14.2% |
| Other operating charges | 640/8 | €2,107 | €6,277 | +€4,170 | +198% |
| Gross operating margin | 9900 | €141,198 | €174,867 | +€33,669 | +23.8% |
| Operating profit (loss) | 9901 | €131,307 | €161,915 | +€30,608 | +23.3% |
| Financial income | 75/76B | €579 | €42,227 | +€41,649 | +7,197% |
| Recurring financial income | 75 | €579 | €42,227 | +€41,649 | +7,197% |
| Financial charges | 65/66B | €196 | €270 | +€74 | +37.8% |
| Recurring financial charges | 65 | €196 | €270 | +€74 | +37.8% |
| Profit (loss) for the period before taxes | 9903 | €131,690 | €203,872 | +€72,182 | +54.8% |
| Income taxes | 67/77 | €45,348 | €48,706 | +€3,358 | +7.4% |
| Profit (loss) for the period | 9904 | €86,342 | €155,166 | +€68,825 | +79.7% |
| Profit (loss) for the period to be appropriated | 9905 | €86,342 | €155,166 | +€68,825 | +79.7% |
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 21 October 2026 via checked.be.