MVLaw: 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.
MVLaw
Largest movements
- Receivables within one year -€6,879
down €6,879 (-70.0%), from €9,825 to €2,945
of which Other amounts receivable: -€5,660
- Cash +€1,089
up €1,089 (+2.9%), from €37,935 to €39,024
mainly Other debts (+€17,352) and Net result for the year (+€14,848)
- Reserves -€22,652
down €22,652 (-91.8%), from €24,672 to €2,020
- Other debts +€17,352
up €17,352 (+80.7%), from €21,500 to €38,852
- Tax, wage and social debts -€549
down €549 (-88.0%), from €624 to €75
- Gross operating margin -€8,366
down €8,366 (-29.3%), from €28,532 to €20,167
- Depreciation -€6,149
no longer reported in 2025 (was €6,149)
- Taxes -€587
down €587 (-11.7%), from €5,029 to €4,442
- Financial income -€313
down €313 (-86.5%), from €362 to €49
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 | €47,877 | €42,095 | -€5,782 | -12.1% |
| Current assets | 29/58 | €47,877 | €42,095 | -€5,782 | -12.1% |
| Amounts receivable within one year | 40/41 | €9,825 | €2,945 | -€6,879 | -70.0% |
| Trade receivables | 40 | €3,592 | €2,373 | -€1,219 | -33.9% |
| Other amounts receivable | 41 | €6,233 | €572 | -€5,660 | -90.8% |
| Cash at bank and in hand | 54/58 | €37,935 | €39,024 | +€1,089 | +2.9% |
| Deferred charges and accrued income | 490/1 | €117 | €125 | +€8 | +6.9% |
| Total equity and liabilities | 10/49 | €47,877 | €42,095 | -€5,782 | -12.1% |
| Equity | 10/15 | €25,672 | €3,020 | -€22,652 | -88.2% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €24,672 | €2,020 | -€22,652 | -91.8% |
| Distributable reserves | 133 | €24,672 | €2,020 | -€22,652 | -91.8% |
| Amounts payable | 17/49 | €22,205 | €39,075 | +€16,870 | +76.0% |
| Amounts payable within one year | 42/48 | €22,205 | €39,075 | +€16,870 | +76.0% |
| Trade debts | 44 | €81 | €149 | +€67 | +82.7% |
| Suppliers | 440/4 | €81 | €149 | +€67 | +82.7% |
| Taxes, remuneration and social security | 45 | €624 | €75 | -€549 | -88.0% |
| Taxes | 450/3 | €624 | €75 | -€549 | -88.0% |
| Other amounts payable | 47/48 | €21,500 | €38,852 | +€17,352 | +80.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,149 | - | -€6,149 | |
| Other operating charges | 640/8 | €674 | €716 | +€43 | +6.3% |
| Gross operating margin | 9900 | €28,532 | €20,167 | -€8,366 | -29.3% |
| Operating profit (loss) | 9901 | €21,710 | €19,451 | -€2,259 | -10.4% |
| Financial income | 75/76B | €362 | €49 | -€313 | -86.5% |
| Recurring financial income | 75 | €362 | €49 | -€313 | -86.5% |
| Financial charges | 65/66B | €178 | €209 | +€31 | +17.3% |
| Recurring financial charges | 65 | €178 | €209 | +€31 | +17.3% |
| Profit (loss) for the period before taxes | 9903 | €21,894 | €19,290 | -€2,603 | -11.9% |
| Income taxes | 67/77 | €5,029 | €4,442 | -€587 | -11.7% |
| Profit (loss) for the period | 9904 | €16,865 | €14,848 | -€2,017 | -12.0% |
| Profit (loss) for the period to be appropriated | 9905 | €16,865 | €14,848 | -€2,017 | -12.0% |
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 20 October 2026 via checked.be.