MVH Service: 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 Service
Largest movements
- Receivables within one year +€7,501
up €7,501 (+59.8%), from €12,552 to €20,053
of which Trade receivables: +€6,175
- Cash +€7,206
up €7,206 (+33.0%), from €21,805 to €29,011
mainly Net result for the year (+€14,538) and Trade debts (+€1,444)
- Stocks and contracts +€1,216
up €1,216 (+9.9%), from €12,340 to €13,556
- Tangible fixed assets -€700
down €700 (-65.7%), from €1,067 to €366
of which Furniture and vehicles: -€533
- Reserves +€14,538
up €14,538 (+30.9%), from €46,973 to €61,511
- Trade debts +€1,444
up €1,444 (+143%), from €1,012 to €2,456
- Gross operating margin +€6,461
up €6,461 (+38.4%), from €16,836 to €23,297
- Taxes +€2,074
up €2,074 (+44.0%), from €4,710 to €6,784
- Financial charges +€603
up €603 (+99.1%), from €608 to €1,210
- Depreciation -€434
down €434 (-38.3%), from €1,134 to €700
- Financial income +€260
up €260 (+49.7%), from €523 to €783
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 | €48,396 | €64,167 | +€15,771 | +32.6% |
| Fixed assets | 21/28 | €1,067 | €366 | -€700 | -65.7% |
| Tangible fixed assets | 22/27 | €1,067 | €366 | -€700 | -65.7% |
| Plant, machinery and equipment | 23 | €234 | €67 | -€167 | -71.5% |
| Furniture and vehicles | 24 | €833 | €300 | -€533 | -64.0% |
| Current assets | 29/58 | €47,329 | €63,801 | +€16,472 | +34.8% |
| Stocks and contracts in progress | 3 | €12,340 | €13,556 | +€1,216 | +9.9% |
| Stocks | 30/36 | €12,340 | €13,556 | +€1,216 | +9.9% |
| Amounts receivable within one year | 40/41 | €12,552 | €20,053 | +€7,501 | +59.8% |
| Trade receivables | 40 | €458 | €6,633 | +€6,175 | +1,348% |
| Other amounts receivable | 41 | €12,094 | €13,420 | +€1,326 | +11.0% |
| Cash at bank and in hand | 54/58 | €21,805 | €29,011 | +€7,206 | +33.0% |
| Deferred charges and accrued income | 490/1 | €632 | €1,180 | +€548 | +86.8% |
| Total equity and liabilities | 10/49 | €48,396 | €64,167 | +€15,771 | +32.6% |
| Equity | 10/15 | €47,173 | €61,711 | +€14,538 | +30.8% |
| Contributions | 10/11 | €200 | €200 | = | 0.0% |
| Reserves | 13 | €46,973 | €61,511 | +€14,538 | +30.9% |
| Distributable reserves | 133 | €46,973 | €61,511 | +€14,538 | +30.9% |
| Amounts payable | 17/49 | €1,222 | €2,456 | +€1,234 | +101% |
| Amounts payable within one year | 42/48 | €1,222 | €2,456 | +€1,234 | +101% |
| Trade debts | 44 | €1,012 | €2,456 | +€1,444 | +143% |
| Suppliers | 440/4 | €1,012 | €2,456 | +€1,444 | +143% |
| Taxes, remuneration and social security | 45 | €210 | €0 | -€210 | -100% |
| Taxes | 450/3 | €210 | €0 | -€210 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,134 | €700 | -€434 | -38.3% |
| Other operating charges | 640/8 | €869 | €847 | -€22 | -2.6% |
| Gross operating margin | 9900 | €16,836 | €23,297 | +€6,461 | +38.4% |
| Operating profit (loss) | 9901 | €14,833 | €21,750 | +€6,917 | +46.6% |
| Financial income | 75/76B | €523 | €783 | +€260 | +49.7% |
| Recurring financial income | 75 | €523 | €783 | +€260 | +49.7% |
| Financial charges | 65/66B | €608 | €1,210 | +€603 | +99.1% |
| Recurring financial charges | 65 | €608 | €1,210 | +€603 | +99.1% |
| Profit (loss) for the period before taxes | 9903 | €14,748 | €21,322 | +€6,574 | +44.6% |
| Income taxes | 67/77 | €4,710 | €6,784 | +€2,074 | +44.0% |
| Profit (loss) for the period | 9904 | €10,037 | €14,538 | +€4,500 | +44.8% |
| Profit (loss) for the period to be appropriated | 9905 | €10,037 | €14,538 | +€4,500 | +44.8% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.