MVIUS: 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.
MVIUS
Largest movements
- Receivables within one year +€23,023
up €23,023 (+14.7%), from €156,643 to €179,666
of which Other amounts receivable: +€13,444
- Cash +€22,869
up €22,869 (+51.1%), from €44,746 to €67,616
mainly Net result for the year (+€110,773) and Other debts (+€65,436)
- Tangible fixed assets +€10,704
up €10,704 (+50.6%), from €21,147 to €31,852
of which Furniture and vehicles: +€12,345
- Other debts +€65,436
up €65,436 (+121%), from €54,177 to €119,613
- Tax, wage and social debts -€18,198
down €18,198 (-72.2%), from €25,202 to €7,004
of which Taxes: -€18,198
- Reserves +€10,773
up €10,773 (+9.9%), from €108,911 to €119,684
- Short-term financial debts -€6,445
down €6,445 (-35.5%), from €18,172 to €11,727
- Accrued charges and deferred income +€4,016
up €4,016 (+204%), from €1,969 to €5,984
- Gross operating margin +€23,926
up €23,926 (+17.7%), from €135,505 to €159,431
- Taxes +€4,888
up €4,888 (+15.1%), from €32,297 to €37,185
- Financial charges +€4,680
up €4,680 (+183%), from €2,563 to €7,243
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 | €224,750 | €282,860 | +€58,110 | +25.9% |
| Fixed assets | 21/28 | €21,247 | €31,952 | +€10,704 | +50.4% |
| Tangible fixed assets | 22/27 | €21,147 | €31,852 | +€10,704 | +50.6% |
| Land and buildings | 22 | €14,526 | €12,885 | -€1,641 | -11.3% |
| Furniture and vehicles | 24 | €6,621 | €18,967 | +€12,345 | +186% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €203,502 | €250,908 | +€47,406 | +23.3% |
| Amounts receivable within one year | 40/41 | €156,643 | €179,666 | +€23,023 | +14.7% |
| Trade receivables | 40 | €13,294 | €22,873 | +€9,579 | +72.1% |
| Other amounts receivable | 41 | €143,349 | €156,793 | +€13,444 | +9.4% |
| Cash at bank and in hand | 54/58 | €44,746 | €67,616 | +€22,869 | +51.1% |
| Deferred charges and accrued income | 490/1 | €2,112 | €3,626 | +€1,514 | +71.7% |
| Total equity and liabilities | 10/49 | €224,750 | €282,860 | +€58,110 | +25.9% |
| Equity | 10/15 | €123,911 | €134,684 | +€10,773 | +8.7% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €108,911 | €119,684 | +€10,773 | +9.9% |
| Distributable reserves | 133 | €108,911 | €119,684 | +€10,773 | +9.9% |
| Amounts payable | 17/49 | €100,839 | €148,176 | +€47,337 | +46.9% |
| Amounts payable within one year | 42/48 | €98,870 | €142,192 | +€43,322 | +43.8% |
| Financial debts | 43 | €18,172 | €11,727 | -€6,445 | -35.5% |
| Credit institutions | 430/8 | €18,172 | €11,727 | -€6,445 | -35.5% |
| Trade debts | 44 | €1,319 | €3,848 | +€2,529 | +192% |
| Suppliers | 440/4 | €1,319 | €3,848 | +€2,529 | +192% |
| Taxes, remuneration and social security | 45 | €25,202 | €7,004 | -€18,198 | -72.2% |
| Taxes | 450/3 | €23,202 | €5,004 | -€18,198 | -78.4% |
| Remuneration and social security | 454/9 | €2,000 | €2,000 | = | 0.0% |
| Other amounts payable | 47/48 | €54,177 | €119,613 | +€65,436 | +121% |
| Accrued charges and deferred income | 492/3 | €1,969 | €5,984 | +€4,016 | +204% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,257 | €3,130 | +€873 | +38.7% |
| Other operating charges | 640/8 | €1,531 | €1,101 | -€430 | -28.1% |
| Gross operating margin | 9900 | €135,505 | €159,431 | +€23,926 | +17.7% |
| Operating profit (loss) | 9901 | €131,718 | €155,201 | +€23,483 | +17.8% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €2,563 | €7,243 | +€4,680 | +183% |
| Recurring financial charges | 65 | €2,563 | €7,243 | +€4,680 | +183% |
| Profit (loss) for the period before taxes | 9903 | €129,155 | €147,958 | +€18,803 | +14.6% |
| Income taxes | 67/77 | €32,297 | €37,185 | +€4,888 | +15.1% |
| Profit (loss) for the period | 9904 | €96,858 | €110,773 | +€13,914 | +14.4% |
| Profit (loss) for the period to be appropriated | 9905 | €96,858 | €110,773 | +€13,914 | +14.4% |
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.