MVMD MANAGEMENT: 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.
MVMD MANAGEMENT
Largest movements
- Cash +€39,522
up €39,522 (+93.9%), from €42,080 to €81,602
mainly Net result for the year (+€42,151) and Tax, wage and social debts (+€5,358)
- Tangible fixed assets +€1,778
up €1,778 (+48.4%), from €3,677 to €5,455
of which Other tangible fixed assets: +€3,198
- Receivables within one year +€1,714
up €1,714 (+6.5%), from €26,165 to €27,878
- Reserves +€42,151
up €42,151 (+93.8%), from €44,932 to €87,082
- Tax, wage and social debts +€5,358
up €5,358 (+33.8%), from €15,841 to €21,199
- Other debts -€5,062
down €5,062 (-97.2%), from €5,206 to €144
- Trade debts +€1,334
up €1,334 (+760%), from €175 to €1,510
- Gross operating margin -€3,987
down €3,987 (-6.5%), from €61,562 to €57,575
- Depreciation +€1,155
up €1,155 (+199%), from €580 to €1,735
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 | €72,087 | €114,935 | +€42,849 | +59.4% |
| Fixed assets | 21/28 | €3,677 | €5,455 | +€1,778 | +48.4% |
| Tangible fixed assets | 22/27 | €3,677 | €5,455 | +€1,778 | +48.4% |
| Furniture and vehicles | 24 | €3,677 | €2,258 | -€1,419 | -38.6% |
| Other tangible fixed assets | 26 | - | €3,198 | +€3,198 | |
| Current assets | 29/58 | €68,410 | €109,480 | +€41,070 | +60.0% |
| Amounts receivable within one year | 40/41 | €26,165 | €27,878 | +€1,714 | +6.5% |
| Trade receivables | 40 | €26,165 | €27,878 | +€1,714 | +6.5% |
| Cash at bank and in hand | 54/58 | €42,080 | €81,602 | +€39,522 | +93.9% |
| Deferred charges and accrued income | 490/1 | €165 | - | -€165 | |
| Total equity and liabilities | 10/49 | €72,087 | €114,935 | +€42,849 | +59.4% |
| Equity | 10/15 | €49,932 | €92,082 | +€42,151 | +84.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €44,932 | €87,082 | +€42,151 | +93.8% |
| Distributable reserves | 133 | €44,932 | €87,082 | +€42,151 | +93.8% |
| Amounts payable | 17/49 | €22,155 | €22,853 | +€698 | +3.2% |
| Amounts payable within one year | 42/48 | €21,222 | €22,853 | +€1,631 | +7.7% |
| Trade debts | 44 | €175 | €1,510 | +€1,334 | +760% |
| Suppliers | 440/4 | €175 | €1,510 | +€1,334 | +760% |
| Taxes, remuneration and social security | 45 | €15,841 | €21,199 | +€5,358 | +33.8% |
| Taxes | 450/3 | €15,841 | €21,199 | +€5,358 | +33.8% |
| Other amounts payable | 47/48 | €5,206 | €144 | -€5,062 | -97.2% |
| Accrued charges and deferred income | 492/3 | €933 | - | -€933 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €580 | €1,735 | +€1,155 | +199% |
| Other operating charges | 640/8 | €159 | €101 | -€58 | -36.6% |
| Gross operating margin | 9900 | €61,562 | €57,575 | -€3,987 | -6.5% |
| Operating profit (loss) | 9901 | €60,822 | €55,739 | -€5,083 | -8.4% |
| Financial charges | 65/66B | €2,405 | €2,359 | -€47 | -1.9% |
| Recurring financial charges | 65 | €2,405 | €2,359 | -€47 | -1.9% |
| Profit (loss) for the period before taxes | 9903 | €58,417 | €53,380 | -€5,037 | -8.6% |
| Income taxes | 67/77 | €11,778 | €11,230 | -€548 | -4.7% |
| Profit (loss) for the period | 9904 | €46,639 | €42,151 | -€4,488 | -9.6% |
| Profit (loss) for the period to be appropriated | 9905 | €46,639 | €42,151 | -€4,488 | -9.6% |
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 15 October 2026 via checked.be.