MVM Professional: 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 Professional
Largest movements
- Receivables within one year -€344,834
down €344,834 (-77.9%), from €442,821 to €97,987
of which Trade receivables: -€258,853
- Deferred charges and accrued income -€44,740
no longer reported in 2025 (was €44,740)
- Tangible fixed assets -€25,850
down €25,850 (-7.5%), from €345,007 to €319,156
of which Land and buildings: -€14,250
- Trade debts -€358,979
down €358,979 (-86.2%), from €416,568 to €57,589
- Profit (loss) carried forward -€107,230
down €107,230 (-52.3%), from -€204,941 to -€312,171
- Other debts +€79,453
new in 2025: €79,453
- Debts after one year -€15,664
down €15,664 (-6.7%), from €232,909 to €217,245
- Tax, wage and social debts -€11,530
no longer reported in 2025 (was €11,530)
- Gross operating margin -€96,542
down €96,542, from €44,085 to -€52,457
- Taxes +€16,302
new in 2025: €16,302
- Depreciation +€12,216
up €12,216 (+76.9%), from €15,895 to €28,111
- Financial charges -€4,580
down €4,580 (-40.4%), from €11,345 to €6,765
- Other operating charges +€3,768
new in 2025: €3,768
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 | €865,850 | €445,921 | -€419,929 | -48.5% |
| Fixed assets | 21/28 | €351,167 | €325,316 | -€25,850 | -7.4% |
| Tangible fixed assets | 22/27 | €345,007 | €319,156 | -€25,850 | -7.5% |
| Land and buildings | 22 | €330,535 | €316,285 | -€14,250 | -4.3% |
| Plant, machinery and equipment | 23 | €309 | €697 | +€387 | +125.2% |
| Furniture and vehicles | 24 | €14,162 | €2,175 | -€11,988 | -84.6% |
| Financial fixed assets | 28 | €6,160 | €6,160 | = | 0.0% |
| Current assets | 29/58 | €514,683 | €120,605 | -€394,078 | -76.6% |
| Amounts receivable within one year | 40/41 | €442,821 | €97,987 | -€344,834 | -77.9% |
| Trade receivables | 40 | €316,740 | €57,886 | -€258,853 | -81.7% |
| Other amounts receivable | 41 | €126,082 | €40,101 | -€85,980 | -68.2% |
| Cash at bank and in hand | 54/58 | €27,122 | €22,617 | -€4,505 | -16.6% |
| Deferred charges and accrued income | 490/1 | €44,740 | - | -€44,740 | |
| Total equity and liabilities | 10/49 | €865,850 | €445,921 | -€419,929 | -48.5% |
| Equity | 10/15 | -€204,721 | -€311,951 | -€107,230 | -52.4% |
| Contributions | 10/11 | €200 | €200 | = | 0.0% |
| Outside capital | 11 | €200 | €200 | = | 0.0% |
| Other | 1109/19 | €200 | €200 | = | 0.0% |
| Reserves | 13 | €20 | €20 | = | 0.0% |
| Non-distributable reserves | 130/1 | €20 | €20 | = | 0.0% |
| Reserves not available under the articles | 1311 | €20 | €20 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€204,941 | -€312,171 | -€107,230 | -52.3% |
| Provisions and deferred taxes | 16 | €379,397 | €379,397 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €379,397 | €379,397 | = | 0.0% |
| Other liabilities and charges | 164/5 | €379,397 | €379,397 | = | 0.0% |
| Amounts payable | 17/49 | €691,174 | €378,476 | -€312,698 | -45.2% |
| Amounts payable after more than one year | 17 | €232,909 | €217,245 | -€15,664 | -6.7% |
| Financial debts | 170/4 | €232,909 | €217,245 | -€15,664 | -6.7% |
| Amounts payable within one year | 42/48 | €458,265 | €161,231 | -€297,034 | -64.8% |
| Current portion of amounts payable after more than one year | 42 | €30,168 | €24,190 | -€5,978 | -19.8% |
| Trade debts | 44 | €416,568 | €57,589 | -€358,979 | -86.2% |
| Suppliers | 440/4 | €416,568 | €57,589 | -€358,979 | -86.2% |
| Taxes, remuneration and social security | 45 | €11,530 | - | -€11,530 | |
| Taxes | 450/3 | €11,530 | - | -€11,530 | |
| Other amounts payable | 47/48 | - | €79,453 | +€79,453 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,895 | €28,111 | +€12,216 | +76.9% |
| Other operating charges | 640/8 | - | €3,768 | +€3,768 | |
| Gross operating margin | 9900 | €44,085 | -€52,457 | -€96,542 | |
| Operating profit (loss) | 9901 | €28,190 | -€84,336 | -€112,526 | |
| Financial income | 75/76B | €1 | €173 | +€172 | +16541.3% |
| Recurring financial income | 75 | €1 | €173 | +€172 | +16541.3% |
| Financial charges | 65/66B | €11,345 | €6,765 | -€4,580 | -40.4% |
| Recurring financial charges | 65 | €11,345 | €6,765 | -€4,580 | -40.4% |
| Profit (loss) for the period before taxes | 9903 | €16,846 | -€90,928 | -€107,774 | |
| Income taxes | 67/77 | - | €16,302 | +€16,302 | |
| Profit (loss) for the period | 9904 | €16,846 | -€107,230 | -€124,076 | |
| Profit (loss) for the period to be appropriated | 9905 | €16,846 | -€107,230 | -€124,076 |
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 4 October 2026 via checked.be.