MVH Pool Concept: 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 Pool Concept
Largest movements
- Cash -€14,193
down €14,193 (-95.4%), from €14,883 to €690
mainly Accrued charges and deferred income (-€18,960) and Receivables within one year (-€9,158)
- Receivables within one year +€9,158
up €9,158 (+115%), from €7,971 to €17,129
- Stocks and contracts -€5,297
down €5,297 (-32.3%), from €16,412 to €11,115
- Accrued charges and deferred income -€18,960
no longer reported in 2025 (was €18,960)
- Profit (loss) carried forward +€7,139
up €7,139 (+30.9%), from -€23,111 to -€15,972
- Other debts +€3,541
up €3,541 (+10.9%), from €32,553 to €36,094
- Tax, wage and social debts -€2,621
down €2,621 (-70.2%), from €3,737 to €1,115
- Gross operating margin +€21,075
up €21,075, from -€12,933 to €8,142
- Other operating charges +€168
up €168 (+203%), from €83 to €250
- Depreciation -€165
down €165 (-24.8%), from €664 to €499
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 | €39,909 | €29,077 | -€10,832 | -27.1% |
| Formation expenses | 20 | €347 | €93 | -€254 | -73.1% |
| Fixed assets | 21/28 | €296 | €50 | -€246 | -83.1% |
| Intangible fixed assets | 21 | €210 | €50 | -€160 | -76.2% |
| Tangible fixed assets | 22/27 | €86 | €0 | -€86 | -100% |
| Plant, machinery and equipment | 23 | €86 | €0 | -€86 | -100% |
| Current assets | 29/58 | €39,267 | €28,934 | -€10,332 | -26.3% |
| Stocks and contracts in progress | 3 | €16,412 | €11,115 | -€5,297 | -32.3% |
| Stocks | 30/36 | €16,412 | €11,115 | -€5,297 | -32.3% |
| Amounts receivable within one year | 40/41 | €7,971 | €17,129 | +€9,158 | +115% |
| Trade receivables | 40 | €7,971 | €17,129 | +€9,158 | +115% |
| Cash at bank and in hand | 54/58 | €14,883 | €690 | -€14,193 | -95.4% |
| Total equity and liabilities | 10/49 | €39,909 | €29,077 | -€10,832 | -27.1% |
| Equity | 10/15 | -€20,111 | -€12,972 | +€7,139 | +35.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€23,111 | -€15,972 | +€7,139 | +30.9% |
| Amounts payable | 17/49 | €60,020 | €42,049 | -€17,970 | -29.9% |
| Amounts payable within one year | 42/48 | €41,060 | €42,049 | +€990 | +2.4% |
| Trade debts | 44 | €4,770 | €4,841 | +€71 | +1.5% |
| Suppliers | 440/4 | €4,770 | €4,841 | +€71 | +1.5% |
| Taxes, remuneration and social security | 45 | €3,737 | €1,115 | -€2,621 | -70.2% |
| Taxes | 450/3 | €3,737 | €1,115 | -€2,621 | -70.2% |
| Other amounts payable | 47/48 | €32,553 | €36,094 | +€3,541 | +10.9% |
| Accrued charges and deferred income | 492/3 | €18,960 | - | -€18,960 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €664 | €499 | -€165 | -24.8% |
| Other operating charges | 640/8 | €83 | €250 | +€168 | +203% |
| Gross operating margin | 9900 | -€12,933 | €8,142 | +€21,075 | |
| Operating profit (loss) | 9901 | -€13,680 | €7,392 | +€21,072 | |
| Financial income | 75/76B | - | €10 | +€10 | |
| Recurring financial income | 75 | - | €10 | +€10 | |
| Financial charges | 65/66B | €270 | €263 | -€7 | -2.4% |
| Recurring financial charges | 65 | €270 | €263 | -€7 | -2.4% |
| Profit (loss) for the period before taxes | 9903 | -€13,950 | €7,139 | +€21,088 | |
| Profit (loss) for the period | 9904 | -€13,950 | €7,139 | +€21,088 | |
| Profit (loss) for the period to be appropriated | 9905 | -€13,950 | €7,139 | +€21,088 |
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 15 October 2026 via checked.be.