MVM SYSTEMS: 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 SYSTEMS
Largest movements
- Stocks and contracts -€15,697
down €15,697 (-19.0%), from €82,630 to €66,933
- Receivables within one year +€14,217
up €14,217 (+22.7%), from €62,526 to €76,743
of which Trade receivables: +€14,927
- Cash -€4,520
down €4,520 (-64.0%), from €7,058 to €2,537
mainly Other debts (-€19,489) and Receivables within one year (-€14,217)
- Deferred charges and accrued income +€3,513
new in 2025: €3,513
- Other debts -€19,489
down €19,489 (-38.4%), from €50,692 to €31,202
- Trade debts +€8,050
up €8,050 (+94.6%), from €8,513 to €16,563
- Tax, wage and social debts +€3,733
up €3,733 (+219.3%), from €1,702 to €5,435
- Gross operating margin +€2,344
up €2,344 (+17.0%), from €13,776 to €16,119
- Taxes +€709
up €709 (+60069.5%), from €1 to €710
- Financial charges -€367
down €367 (-22.4%), from €1,637 to €1,270
- Other operating charges +€304
up €304 (+52.2%), from €583 to €886
- Depreciation -€188
down €188 (-1.6%), from €11,784 to €11,596
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 | €217,959 | €212,091 | -€5,868 | -2.7% |
| Fixed assets | 21/28 | €65,746 | €62,364 | -€3,382 | -5.1% |
| Intangible fixed assets | 21 | €3,153 | €1,767 | -€1,386 | -44.0% |
| Tangible fixed assets | 22/27 | €62,593 | €60,598 | -€1,995 | -3.2% |
| Plant, machinery and equipment | 23 | €2,970 | €2,507 | -€463 | -15.6% |
| Furniture and vehicles | 24 | - | €23 | +€23 | |
| Other tangible fixed assets | 26 | €59,623 | €58,067 | -€1,555 | -2.6% |
| Current assets | 29/58 | €152,214 | €149,727 | -€2,487 | -1.6% |
| Stocks and contracts in progress | 3 | €82,630 | €66,933 | -€15,697 | -19.0% |
| Stocks | 30/36 | €82,630 | €66,933 | -€15,697 | -19.0% |
| Amounts receivable within one year | 40/41 | €62,526 | €76,743 | +€14,217 | +22.7% |
| Trade receivables | 40 | €52,526 | €67,453 | +€14,927 | +28.4% |
| Other amounts receivable | 41 | €10,000 | €9,290 | -€710 | -7.1% |
| Cash at bank and in hand | 54/58 | €7,058 | €2,537 | -€4,520 | -64.0% |
| Deferred charges and accrued income | 490/1 | - | €3,513 | +€3,513 | |
| Total equity and liabilities | 10/49 | €217,959 | €212,091 | -€5,868 | -2.7% |
| Equity | 10/15 | €157,053 | €158,891 | +€1,838 | +1.2% |
| Contributions | 10/11 | €8,000 | €8,000 | = | 0.0% |
| Reserves | 13 | €149,053 | €150,891 | +€1,838 | +1.2% |
| Distributable reserves | 133 | €149,053 | €150,891 | +€1,838 | +1.2% |
| Amounts payable | 17/49 | €60,907 | €53,200 | -€7,706 | -12.7% |
| Amounts payable within one year | 42/48 | €60,907 | €53,200 | -€7,706 | -12.7% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €8,513 | €16,563 | +€8,050 | +94.6% |
| Suppliers | 440/4 | €8,513 | €16,563 | +€8,050 | +94.6% |
| Taxes, remuneration and social security | 45 | €1,702 | €5,435 | +€3,733 | +219.3% |
| Taxes | 450/3 | €1,702 | €5,435 | +€3,733 | +219.3% |
| Other amounts payable | 47/48 | €50,692 | €31,202 | -€19,489 | -38.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,784 | €11,596 | -€188 | -1.6% |
| Other operating charges | 640/8 | €583 | €886 | +€304 | +52.2% |
| Gross operating margin | 9900 | €13,776 | €16,119 | +€2,344 | +17.0% |
| Operating profit (loss) | 9901 | €1,409 | €3,637 | +€2,228 | +158.1% |
| Financial income | 75/76B | €14 | €181 | +€167 | +1167.2% |
| Recurring financial income | 75 | €14 | €181 | +€167 | +1167.2% |
| Financial charges | 65/66B | €1,637 | €1,270 | -€367 | -22.4% |
| Recurring financial charges | 65 | €1,637 | €1,270 | -€367 | -22.4% |
| Profit (loss) for the period before taxes | 9903 | -€214 | €2,548 | +€2,762 | |
| Income taxes | 67/77 | €1 | €710 | +€709 | +60069.5% |
| Profit (loss) for the period | 9904 | -€215 | €1,838 | +€2,053 | |
| Profit (loss) for the period to be appropriated | 9905 | -€215 | €1,838 | +€2,053 |
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 5 October 2026 via checked.be.