MVH - QI: 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 - QI
Largest movements
- Cash +€21,691
up €21,691 (+89.9%), from €24,126 to €45,817
mainly Receivables within one year (+€21,508) and Net result for the year (+€10,089)
- Receivables within one year -€21,508
down €21,508 (-93.0%), from €23,128 to €1,620
- Deferred charges and accrued income +€11,026
up €11,026 (+742%), from €1,485 to €12,511
- Tangible fixed assets +€1,535
up €1,535 (+156%), from €983 to €2,518
of which Furniture and vehicles: +€2,518
- Reserves +€10,089
up €10,089 (+92.9%), from €10,860 to €20,949
- Tax, wage and social debts +€3,446
up €3,446 (+38.5%), from €8,957 to €12,403
of which Taxes: +€3,446
- Other debts -€2,337
down €2,337 (-11.7%), from €19,994 to €17,657
- Trade debts +€1,545
up €1,545 (+45.8%), from €3,375 to €4,920
- Gross operating margin -€14,651
down €14,651 (-42.6%), from €34,411 to €19,760
- Taxes -€3,444
down €3,444 (-49.9%), from €6,908 to €3,464
- Other operating charges +€450
up €450 (+15.0%), from €2,991 to €3,441
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 | €49,785 | €62,528 | +€12,744 | +25.6% |
| Fixed assets | 21/28 | €1,046 | €2,581 | +€1,535 | +147% |
| Tangible fixed assets | 22/27 | €983 | €2,518 | +€1,535 | +156% |
| Plant, machinery and equipment | 23 | €983 | €0 | -€983 | -100.0% |
| Furniture and vehicles | 24 | - | €2,518 | +€2,518 | |
| Financial fixed assets | 28 | €62 | €62 | = | 0.0% |
| Current assets | 29/58 | €48,739 | €59,948 | +€11,209 | +23.0% |
| Amounts receivable within one year | 40/41 | €23,128 | €1,620 | -€21,508 | -93.0% |
| Trade receivables | 40 | €23,128 | €1,620 | -€21,508 | -93.0% |
| Cash at bank and in hand | 54/58 | €24,126 | €45,817 | +€21,691 | +89.9% |
| Deferred charges and accrued income | 490/1 | €1,485 | €12,511 | +€11,026 | +742% |
| Total equity and liabilities | 10/49 | €49,785 | €62,528 | +€12,744 | +25.6% |
| Equity | 10/15 | €17,109 | €27,198 | +€10,089 | +59.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €10,860 | €20,949 | +€10,089 | +92.9% |
| Distributable reserves | 133 | €10,860 | €20,949 | +€10,089 | +92.9% |
| Profit (loss) carried forward | 14 | €49 | €49 | = | 0.0% |
| Amounts payable | 17/49 | €32,676 | €35,331 | +€2,654 | +8.1% |
| Amounts payable within one year | 42/48 | €32,326 | €34,981 | +€2,654 | +8.2% |
| Trade debts | 44 | €3,375 | €4,920 | +€1,545 | +45.8% |
| Suppliers | 440/4 | €3,375 | €4,920 | +€1,545 | +45.8% |
| Taxes, remuneration and social security | 45 | €8,957 | €12,403 | +€3,446 | +38.5% |
| Taxes | 450/3 | €7,057 | €10,503 | +€3,446 | +48.8% |
| Remuneration and social security | 454/9 | €1,900 | €1,900 | = | 0.0% |
| Other amounts payable | 47/48 | €19,994 | €17,657 | -€2,337 | -11.7% |
| Accrued charges and deferred income | 492/3 | €350 | €350 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,222 | €1,163 | -€59 | -4.8% |
| Other operating charges | 640/8 | €2,991 | €3,441 | +€450 | +15.0% |
| Gross operating margin | 9900 | €34,411 | €19,760 | -€14,651 | -42.6% |
| Operating profit (loss) | 9901 | €30,199 | €15,156 | -€15,043 | -49.8% |
| Financial charges | 65/66B | €1,716 | €1,603 | -€113 | -6.6% |
| Recurring financial charges | 65 | €1,716 | €1,603 | -€113 | -6.6% |
| Profit (loss) for the period before taxes | 9903 | €28,482 | €13,553 | -€14,929 | -52.4% |
| Income taxes | 67/77 | €6,908 | €3,464 | -€3,444 | -49.9% |
| Profit (loss) for the period | 9904 | €21,574 | €10,089 | -€11,485 | -53.2% |
| Profit (loss) for the period to be appropriated | 9905 | €21,574 | €10,089 | -€11,485 | -53.2% |
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 17 October 2026 via checked.be.