MVM Construction: 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.
MVM Construction
Largest movements
- Tangible fixed assets +€263,431
up €263,431 (+1143.5%), from €23,038 to €286,469
of which Land and buildings: +€269,045
- Cash +€24,010
up €24,010 (+78.8%), from €30,464 to €54,474
mainly Debts after one year (+€230,681) and Stocks and contracts (+€20,149)
- Stocks and contracts -€20,149
down €20,149 (-30.1%), from €67,000 to €46,851
- Receivables within one year +€7,072
up €7,072 (+19.1%), from €37,094 to €44,166
of which Other amounts receivable: +€8,505
- Debts after one year +€230,681
new in 2025: €230,681
- Reserves +€19,000
up €19,000 (+18.4%), from €103,000 to €122,000
- Trade debts +€17,252
up €17,252 (+123.5%), from €13,965 to €31,217
- Current portion of long-term debt +€8,318
new in 2025: €8,318
- Gross operating margin +€48,580
up €48,580 (+28.3%), from €171,672 to €220,252
- Staff costs +€31,373
up €31,373 (+20.2%), from €155,373 to €186,746
- Taxes +€4,815
up €4,815 (+181.5%), from €2,653 to €7,468
- Depreciation +€2,898
up €2,898 (+65.2%), from €4,446 to €7,344
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 | €164,056 | €436,702 | +€272,646 | +166.2% |
| Fixed assets | 21/28 | €24,179 | €287,610 | +€263,431 | +1089.5% |
| Tangible fixed assets | 22/27 | €23,038 | €286,469 | +€263,431 | +1143.5% |
| Land and buildings | 22 | - | €269,045 | +€269,045 | |
| Plant, machinery and equipment | 23 | €21,904 | €15,524 | -€6,380 | -29.1% |
| Furniture and vehicles | 24 | €1,134 | €1,900 | +€766 | +67.5% |
| Financial fixed assets | 28 | €1,141 | €1,141 | = | 0.0% |
| Current assets | 29/58 | €139,877 | €149,092 | +€9,215 | +6.6% |
| Stocks and contracts in progress | 3 | €67,000 | €46,851 | -€20,149 | -30.1% |
| Stocks | 30/36 | €67,000 | €46,851 | -€20,149 | -30.1% |
| Amounts receivable within one year | 40/41 | €37,094 | €44,166 | +€7,072 | +19.1% |
| Trade receivables | 40 | €11,434 | €10,001 | -€1,433 | -12.5% |
| Other amounts receivable | 41 | €25,660 | €34,165 | +€8,505 | +33.1% |
| Cash at bank and in hand | 54/58 | €30,464 | €54,474 | +€24,010 | +78.8% |
| Deferred charges and accrued income | 490/1 | €5,319 | €3,601 | -€1,718 | -32.3% |
| Total equity and liabilities | 10/49 | €164,056 | €436,702 | +€272,646 | +166.2% |
| Equity | 10/15 | €138,696 | €157,384 | +€18,688 | +13.5% |
| Contributions | 10/11 | €35,000 | €35,000 | = | 0.0% |
| Reserves | 13 | €103,000 | €122,000 | +€19,000 | +18.4% |
| Distributable reserves | 133 | €103,000 | €122,000 | +€19,000 | +18.4% |
| Profit (loss) carried forward | 14 | €696 | €384 | -€312 | -44.8% |
| Amounts payable | 17/49 | €25,360 | €279,318 | +€253,958 | +1001.4% |
| Amounts payable after more than one year | 17 | - | €230,681 | +€230,681 | |
| Financial debts | 170/4 | - | €230,681 | +€230,681 | |
| Amounts payable within one year | 42/48 | €25,360 | €48,637 | +€23,277 | +91.8% |
| Current portion of amounts payable after more than one year | 42 | - | €8,318 | +€8,318 | |
| Trade debts | 44 | €13,965 | €31,217 | +€17,252 | +123.5% |
| Suppliers | 440/4 | €13,965 | €31,217 | +€17,252 | +123.5% |
| Taxes, remuneration and social security | 45 | €5,441 | €1,905 | -€3,536 | -65.0% |
| Taxes | 450/3 | €2,695 | €143 | -€2,552 | -94.7% |
| Remuneration and social security | 454/9 | €2,746 | €1,762 | -€984 | -35.8% |
| Other amounts payable | 47/48 | €5,954 | €7,197 | +€1,243 | +20.9% |
| Remuneration, social security and pensions | 62 | €155,373 | €186,746 | +€31,373 | +20.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,446 | €7,344 | +€2,898 | +65.2% |
| Other operating charges | 640/8 | €700 | €1,156 | +€456 | +65.1% |
| Gross operating margin | 9900 | €171,672 | €220,252 | +€48,580 | +28.3% |
| Operating profit (loss) | 9901 | €11,153 | €25,006 | +€13,853 | +124.2% |
| Financial income | 75/76B | €2,061 | €1,195 | -€866 | -42.0% |
| Recurring financial income | 75 | €2,061 | €1,195 | -€866 | -42.0% |
| Financial charges | 65/66B | €1,050 | €45 | -€1,005 | -95.7% |
| Recurring financial charges | 65 | €1,050 | €45 | -€1,005 | -95.7% |
| Profit (loss) for the period before taxes | 9903 | €12,164 | €26,156 | +€13,992 | +115.0% |
| Income taxes | 67/77 | €2,653 | €7,468 | +€4,815 | +181.5% |
| Profit (loss) for the period | 9904 | €9,511 | €18,688 | +€9,177 | +96.5% |
| Profit (loss) for the period to be appropriated | 9905 | €9,511 | €18,688 | +€9,177 | +96.5% |
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 30 September 2026 via checked.be.