MVH WINE: 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 WINE
Largest movements
- Cash -€26,065
down €26,065 (-64.8%), from €40,224 to €14,159
mainly Net result for the year (-€56,135) and Other debts (-€19,858)
- Receivables within one year +€11,110
up €11,110 (+221%), from €5,036 to €16,145
of which Other amounts receivable: +€6,104
- Tangible fixed assets +€3,395
up €3,395 (+22.7%), from €14,950 to €18,345
- Deferred charges and accrued income -€2,370
no longer reported in 2024 (was €2,370)
- Profit (loss) carried forward -€56,135
down €56,135 (-99.8%), from -€56,247 to -€112,382
- Tax, wage and social debts +€37,793
new in 2024: €37,793
- Trade debts +€24,270
up €24,270 (+333%), from €7,289 to €31,559
- Other debts -€19,858
down €19,858 (-22.9%), from €86,657 to €66,799
- Staff costs +€241,472
new in 2024: €241,472
- Gross operating margin +€182,049
up €182,049 (+1,347%), from €13,517 to €195,566
- Depreciation +€4,393
up €4,393 (+3,134%), from €140 to €4,533
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €62,700 | €48,769 | -€13,930 | -22.2% |
| Fixed assets | 21/28 | €15,070 | €18,465 | +€3,395 | +22.5% |
| Tangible fixed assets | 22/27 | €14,950 | €18,345 | +€3,395 | +22.7% |
| Plant, machinery and equipment | 23 | €14,950 | €18,345 | +€3,395 | +22.7% |
| Financial fixed assets | 28 | €120 | €120 | = | 0.0% |
| Current assets | 29/58 | €47,630 | €30,304 | -€17,325 | -36.4% |
| Amounts receivable within one year | 40/41 | €5,036 | €16,145 | +€11,110 | +221% |
| Trade receivables | 40 | €1,796 | €6,801 | +€5,005 | +279% |
| Other amounts receivable | 41 | €3,240 | €9,344 | +€6,104 | +188% |
| Cash at bank and in hand | 54/58 | €40,224 | €14,159 | -€26,065 | -64.8% |
| Deferred charges and accrued income | 490/1 | €2,370 | - | -€2,370 | |
| Total equity and liabilities | 10/49 | €62,700 | €48,769 | -€13,930 | -22.2% |
| Equity | 10/15 | -€31,247 | -€87,382 | -€56,135 | -180% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€56,247 | -€112,382 | -€56,135 | -99.8% |
| Amounts payable | 17/49 | €93,946 | €136,152 | +€42,205 | +44.9% |
| Amounts payable within one year | 42/48 | €93,946 | €136,152 | +€42,205 | +44.9% |
| Trade debts | 44 | €7,289 | €31,559 | +€24,270 | +333% |
| Suppliers | 440/4 | €7,289 | €31,559 | +€24,270 | +333% |
| Taxes, remuneration and social security | 45 | - | €37,793 | +€37,793 | |
| Taxes | 450/3 | - | €37,793 | +€37,793 | |
| Other amounts payable | 47/48 | €86,657 | €66,799 | -€19,858 | -22.9% |
| Remuneration, social security and pensions | 62 | - | €241,472 | +€241,472 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €140 | €4,533 | +€4,393 | +3,134% |
| Other operating charges | 640/8 | €710 | €1,925 | +€1,215 | +171% |
| Gross operating margin | 9900 | €13,517 | €195,566 | +€182,049 | +1,347% |
| Operating profit (loss) | 9901 | €12,667 | -€52,364 | -€65,030 | |
| Financial income | 75/76B | - | €303 | +€303 | |
| Recurring financial income | 75 | - | €303 | +€303 | |
| Financial charges | 65/66B | €3,249 | €2,281 | -€969 | -29.8% |
| Recurring financial charges | 65 | €3,249 | €2,281 | -€969 | -29.8% |
| Profit (loss) for the period before taxes | 9903 | €9,417 | -€54,342 | -€63,759 | |
| Income taxes | 67/77 | - | €1,794 | +€1,794 | |
| Profit (loss) for the period | 9904 | €9,417 | -€56,135 | -€65,553 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,417 | -€56,135 | -€65,553 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.