MVHAB: 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.
MVHAB
Largest movements
- Cash +€97,024
new in 2025: €97,024
mainly Accrued charges and deferred income (+€73,881) and Trade debts (+€63,045)
- Tangible fixed assets +€48,087
up €48,087 (+202%), from €23,832 to €71,920
- Receivables within one year +€7,593
up €7,593 (+28.3%), from €26,809 to €34,401
of which Other amounts receivable: +€27,153
- Accrued charges and deferred income +€73,881
up €73,881 (+4,967%), from €1,487 to €75,369
- Trade debts +€63,045
up €63,045 (+189%), from €33,389 to €96,434
- Other debts -€48,588
down €48,588 (-26.4%), from €183,840 to €135,252
- Tax, wage and social debts +€36,839
up €36,839 (+4,771%), from €772 to €37,611
of which Remuneration and social security: +€25,525
- Profit (loss) carried forward +€30,109
up €30,109 (+15.9%), from -€189,299 to -€159,190
- Gross operating margin +€225,858
up €225,858 (+2,066%), from €10,932 to €236,790
- Staff costs +€174,129
up €174,129 (+106,592%), from €163 to €174,292
- Financial charges -€72,485
down €72,485 (-93.0%), from €77,941 to €5,456
of which Non-recurring financial charges: -€76,358
- Depreciation +€14,962
new in 2025: €14,962
- Other operating charges +€12,281
up €12,281 (+1,758%), from €699 to €12,980
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 | €50,641 | €205,927 | +€155,286 | +307% |
| Fixed assets | 21/28 | €23,832 | €73,580 | +€49,748 | +209% |
| Tangible fixed assets | 22/27 | €23,832 | €71,920 | +€48,087 | +202% |
| Furniture and vehicles | 24 | €23,832 | €71,920 | +€48,087 | +202% |
| Financial fixed assets | 28 | - | €1,661 | +€1,661 | |
| Current assets | 29/58 | €26,809 | €132,347 | +€105,538 | +394% |
| Amounts receivable within one year | 40/41 | €26,809 | €34,401 | +€7,593 | +28.3% |
| Trade receivables | 40 | €26,809 | €7,248 | -€19,560 | -73.0% |
| Other amounts receivable | 41 | - | €27,153 | +€27,153 | |
| Cash at bank and in hand | 54/58 | - | €97,024 | +€97,024 | |
| Deferred charges and accrued income | 490/1 | - | €921 | +€921 | |
| Total equity and liabilities | 10/49 | €50,641 | €205,927 | +€155,286 | +307% |
| Equity | 10/15 | -€168,847 | -€138,739 | +€30,109 | +17.8% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€189,299 | -€159,190 | +€30,109 | +15.9% |
| Amounts payable | 17/49 | €219,488 | €344,666 | +€125,178 | +57.0% |
| Amounts payable within one year | 42/48 | €218,001 | €269,297 | +€51,296 | +23.5% |
| Trade debts | 44 | €33,389 | €96,434 | +€63,045 | +189% |
| Suppliers | 440/4 | €33,389 | €96,434 | +€63,045 | +189% |
| Taxes, remuneration and social security | 45 | €772 | €37,611 | +€36,839 | +4,771% |
| Taxes | 450/3 | €772 | €12,086 | +€11,314 | +1,465% |
| Remuneration and social security | 454/9 | - | €25,525 | +€25,525 | |
| Other amounts payable | 47/48 | €183,840 | €135,252 | -€48,588 | -26.4% |
| Accrued charges and deferred income | 492/3 | €1,487 | €75,369 | +€73,881 | +4,967% |
| Remuneration, social security and pensions | 62 | €163 | €174,292 | +€174,129 | +106,592% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €14,962 | +€14,962 | |
| Other operating charges | 640/8 | €699 | €12,980 | +€12,281 | +1,758% |
| Gross operating margin | 9900 | €10,932 | €236,790 | +€225,858 | +2,066% |
| Operating profit (loss) | 9901 | €10,070 | €34,555 | +€24,485 | +243% |
| Financial income | 75/76B | - | €1,151 | +€1,151 | |
| Recurring financial income | 75 | - | €1,151 | +€1,151 | |
| Financial charges | 65/66B | €77,941 | €5,456 | -€72,485 | -93.0% |
| Recurring financial charges | 65 | €1,584 | €5,456 | +€3,873 | +245% |
| Non-recurring financial charges | 66B | €76,358 | - | -€76,358 | |
| Profit (loss) for the period before taxes | 9903 | -€67,871 | €30,250 | +€98,121 | |
| Income taxes | 67/77 | - | €141 | +€141 | |
| Profit (loss) for the period | 9904 | -€67,871 | €30,109 | +€97,980 | |
| Profit (loss) for the period to be appropriated | 9905 | -€67,871 | €30,109 | +€97,980 |
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 14 October 2026 via checked.be.