MVLT: 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.
MVLT
Largest movements
- Tangible fixed assets -€34,150
down €34,150 (-4.9%), from €699,001 to €664,851
of which Land and buildings: -€33,825
- Cash +€15,895
up €15,895 (+223.8%), from €7,103 to €22,998
mainly Depreciation (+€39,609) and Deferred charges and accrued income (+€1,679)
- Debts after one year -€9,801
no longer reported in 2025 (was €9,801)
- Other debts -€8,529
down €8,529 (-13.9%), from €61,334 to €52,805
- Depreciation +€1,141
up €1,141 (+3.0%), from €38,468 to €39,609
- Gross operating margin +€1,044
up €1,044 (+2.2%), from €48,286 to €49,330
- Other operating charges +€861
up €861 (+12.4%), from €6,956 to €7,817
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
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 | €707,784 | €688,337 | -€19,446 | -2.7% |
| Fixed assets | 21/28 | €699,001 | €664,851 | -€34,150 | -4.9% |
| Tangible fixed assets | 22/27 | €699,001 | €664,851 | -€34,150 | -4.9% |
| Land and buildings | 22 | €698,676 | €664,851 | -€33,825 | -4.8% |
| Plant, machinery and equipment | 23 | €325 | - | -€325 | |
| Current assets | 29/58 | €8,782 | €23,486 | +€14,704 | +167.4% |
| Amounts receivable within one year | 40/41 | - | €488 | +€488 | |
| Trade receivables | 40 | - | €488 | +€488 | |
| Cash at bank and in hand | 54/58 | €7,103 | €22,998 | +€15,895 | +223.8% |
| Deferred charges and accrued income | 490/1 | €1,679 | - | -€1,679 | |
| Total equity and liabilities | 10/49 | €707,784 | €688,337 | -€19,446 | -2.7% |
| Equity | 10/15 | €624,828 | €625,732 | +€904 | +0.1% |
| Contributions | 10/11 | €650,000 | €650,000 | = | 0.0% |
| Capital | 10 | €650,000 | €650,000 | = | 0.0% |
| Issued capital | 100 | €650,000 | €650,000 | = | 0.0% |
| Reserves | 13 | €2,607 | €2,607 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,607 | €2,607 | = | 0.0% |
| Legal reserve | 130 | €2,607 | €2,607 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€27,779 | -€26,875 | +€904 | +3.3% |
| Amounts payable | 17/49 | €82,956 | €62,606 | -€20,350 | -24.5% |
| Amounts payable after more than one year | 17 | €9,801 | - | -€9,801 | |
| Financial debts | 170/4 | €9,801 | - | -€9,801 | |
| Amounts payable within one year | 42/48 | €73,155 | €62,606 | -€10,549 | -14.4% |
| Current portion of amounts payable after more than one year | 42 | €9,380 | €9,801 | +€421 | +4.5% |
| Trade debts | 44 | €2,441 | - | -€2,441 | |
| Suppliers | 440/4 | €2,441 | - | -€2,441 | |
| Other amounts payable | 47/48 | €61,334 | €52,805 | -€8,529 | -13.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,468 | €39,609 | +€1,141 | +3.0% |
| Other operating charges | 640/8 | €6,956 | €7,817 | +€861 | +12.4% |
| Gross operating margin | 9900 | €48,286 | €49,330 | +€1,044 | +2.2% |
| Operating profit (loss) | 9901 | €2,861 | €1,904 | -€957 | -33.5% |
| Financial income | 75/76B | - | €37 | +€37 | |
| Recurring financial income | 75 | - | €37 | +€37 | |
| Financial charges | 65/66B | €1,327 | €1,037 | -€289 | -21.8% |
| Recurring financial charges | 65 | €1,327 | €1,037 | -€289 | -21.8% |
| Profit (loss) for the period before taxes | 9903 | €1,535 | €904 | -€631 | -41.1% |
| Profit (loss) for the period | 9904 | €1,535 | €904 | -€631 | -41.1% |
| Profit (loss) for the period to be appropriated | 9905 | €1,535 | €904 | -€631 | -41.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.