MVITRA: what changed
Two fiscal 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.
MVITRA
Largest movements
- Financial fixed assets -€774,000
down €774,000 (-25.9%), from €3.0m to €2.2m
- Cash -€699,960
down €699,960 (-59.1%), from €1.2m to €485,233
- Receivables within one year +€354,061
up €354,061 (+206.7%), from €171,295 to €525,356
of which Trade receivables: +€250,380
- Tangible fixed assets +€218,275
up €218,275 (+354.5%), from €61,576 to €279,851
of which Furniture and vehicles: +€178,987
- Deferred charges and accrued income +€142,324
up €142,324 (+7017.3%), from €2,028 to €144,352
- Other debts -€1.6m
down €1.6m (-99.4%), from €1.6m to €10,362
- Profit (loss) carried forward +€1.3m
new in 2025: €1.3m
- Contributions -€1.2m
down €1.2m (-75.1%), from €1.6m to €407,911
- Reserves +€356,281
up €356,281 (+35.2%), from €1.0m to €1.4m
of which Tax-exempt reserves: +€970,062
- Trade debts +€292,233
up €292,233 (+65781.3%), from €444 to €292,678
- Gross operating margin +€5.2m
up €5.2m (+1405.2%), from €368,907 to €5.6m
- Financial income +€600,017
up €600,017 (+29924.7%), from €2,005 to €602,022
- Staff costs +€303,552
up €303,552 (+335.1%), from €90,576 to €394,128
- Taxes +€232,693
up €232,693 (+521.6%), from €44,611 to €277,304
- Financial charges -€94,775
down €94,775 (-96.7%), from €97,977 to €3,202
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.
Cash bridge derived
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,412,093 | €3,672,142 | -€739,951 | -16.8% |
| Fixed assets | 21/28 | €3,053,576 | €2,497,851 | -€555,725 | -18.2% |
| Tangible fixed assets | 22/27 | €61,576 | €279,851 | +€218,275 | +354.5% |
| Plant, machinery and equipment | 23 | - | €39,288 | +€39,288 | |
| Furniture and vehicles | 24 | €61,576 | €240,563 | +€178,987 | +290.7% |
| Financial fixed assets | 28 | €2,992,000 | €2,218,000 | -€774,000 | -25.9% |
| Current assets | 29/58 | €1,358,517 | €1,174,290 | -€184,227 | -13.6% |
| Stocks and contracts in progress | 3 | - | €19,349 | +€19,349 | |
| Stocks | 30/36 | - | €19,349 | +€19,349 | |
| Amounts receivable within one year | 40/41 | €171,295 | €525,356 | +€354,061 | +206.7% |
| Trade receivables | 40 | €155,352 | €405,732 | +€250,380 | +161.2% |
| Other amounts receivable | 41 | €15,943 | €119,624 | +€103,681 | +650.3% |
| Cash at bank and in hand | 54/58 | €1,185,194 | €485,233 | -€699,960 | -59.1% |
| Deferred charges and accrued income | 490/1 | €2,028 | €144,352 | +€142,324 | +7017.3% |
| Total equity and liabilities | 10/49 | €4,412,093 | €3,672,142 | -€739,951 | -16.8% |
| Equity | 10/15 | €2,646,870 | €3,103,878 | +€457,007 | +17.3% |
| Contributions | 10/11 | €1,635,000 | €407,911 | -€1.2m | -75.1% |
| Reserves | 13 | €1,011,870 | €1,368,151 | +€356,281 | +35.2% |
| Tax-exempt reserves | 132 | - | €970,062 | +€970,062 | |
| Distributable reserves | 133 | €1,011,870 | €398,089 | -€613,782 | -60.7% |
| Profit (loss) carried forward | 14 | - | €1,327,815 | +€1.3m | |
| Amounts payable | 17/49 | €1,765,223 | €568,264 | -€1.2m | -67.8% |
| Amounts payable within one year | 42/48 | €1,696,233 | €552,143 | -€1.1m | -67.4% |
| Trade debts | 44 | €444 | €292,678 | +€292,233 | +65781.3% |
| Suppliers | 440/4 | €444 | €292,678 | +€292,233 | +65781.3% |
| Taxes, remuneration and social security | 45 | €64,342 | €249,103 | +€184,761 | +287.2% |
| Taxes | 450/3 | €49,841 | €173,144 | +€123,303 | +247.4% |
| Remuneration and social security | 454/9 | €14,502 | €75,959 | +€61,458 | +423.8% |
| Other amounts payable | 47/48 | €1,631,446 | €10,362 | -€1.6m | -99.4% |
| Accrued charges and deferred income | 492/3 | €68,989 | €16,121 | -€52,868 | -76.6% |
| Non-recurring operating income | 76A | - | €4,185,853 | +€4.2m | |
| Remuneration, social security and pensions | 62 | €90,576 | €394,128 | +€303,552 | +335.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,580 | €88,588 | +€63,008 | +246.3% |
| Other operating charges | 640/8 | €2,741 | €25,909 | +€23,168 | +845.3% |
| Non-recurring operating charges | 66A | - | €67,728 | +€67,728 | |
| Gross operating margin | 9900 | €368,907 | €5,552,715 | +€5.2m | +1405.2% |
| Operating profit (loss) | 9901 | €250,010 | €4,976,362 | +€4.7m | +1890.5% |
| Financial income | 75/76B | €2,005 | €602,022 | +€600,017 | +29924.7% |
| Recurring financial income | 75 | €2,005 | €602,022 | +€600,017 | +29924.7% |
| Financial charges | 65/66B | €97,977 | €3,202 | -€94,775 | -96.7% |
| Recurring financial charges | 65 | €97,977 | €3,202 | -€94,775 | -96.7% |
| Profit (loss) for the period before taxes | 9903 | €154,038 | €5,575,181 | +€5.4m | +3519.3% |
| Income taxes | 67/77 | €44,611 | €277,304 | +€232,693 | +521.6% |
| Profit (loss) for the period | 9904 | €109,427 | €5,297,878 | +€5.2m | +4741.5% |
| Transfer to tax-exempt reserves | 689 | - | €970,062 | +€970,062 | |
| Profit (loss) for the period to be appropriated | 9905 | €109,427 | €4,327,815 | +€4.2m | +3855.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.