MVMGO: 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.
MVMGO
Largest movements
- Cash +€22,017
up €22,017 (+19.0%), from €116,157 to €138,174
mainly Net result for the year (+€52,488) and Depreciation (+€9,034)
- Receivables within one year -€5,975
down €5,975 (-7.3%), from €81,721 to €75,745
of which Other amounts receivable: -€7,213
- Formation expenses -€5,000
down €5,000 (-35.3%), from €14,166 to €9,166
- Stocks and contracts -€4,185
down €4,185 (-17.9%), from €23,415 to €19,230
- Profit (loss) carried forward +€52,488
up €52,488 (+66.3%), from -€79,214 to -€26,727
- Trade debts -€30,057
down €30,057 (-13.4%), from €224,692 to €194,635
- Current portion of long-term debt -€14,078
no longer reported in 2025 (was €14,078)
- Tax, wage and social debts +€8,331
up €8,331 (+21.4%), from €38,909 to €47,240
of which Taxes: +€13,040
- Accrued charges and deferred income -€8,246
down €8,246 (-18.6%), from €44,440 to €36,193
- Financial charges -€167,166
down €167,166 (-43.1%), from €387,990 to €220,824
- Gross operating margin -€148,851
down €148,851 (-13.5%), from €1.1m to €953,152
- Write-downs -€117,196
no longer reported in 2025 (was €117,196)
- Staff costs +€96,090
up €96,090 (+17.3%), from €556,576 to €652,666
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 | €249,448 | €257,916 | +€8,468 | +3.4% |
| Formation expenses | 20 | €14,166 | €9,166 | -€5,000 | -35.3% |
| Fixed assets | 21/28 | €10,835 | €11,123 | +€288 | +2.7% |
| Tangible fixed assets | 22/27 | €10,177 | €10,465 | +€288 | +2.8% |
| Plant, machinery and equipment | 23 | €3,243 | €2,537 | -€706 | -21.8% |
| Furniture and vehicles | 24 | €6,934 | €7,928 | +€993 | +14.3% |
| Financial fixed assets | 28 | €658 | €658 | = | 0.0% |
| Current assets | 29/58 | €224,446 | €237,627 | +€13,181 | +5.9% |
| Stocks and contracts in progress | 3 | €23,415 | €19,230 | -€4,185 | -17.9% |
| Stocks | 30/36 | €23,415 | €19,230 | -€4,185 | -17.9% |
| Amounts receivable within one year | 40/41 | €81,721 | €75,745 | -€5,975 | -7.3% |
| Trade receivables | 40 | €74,508 | €75,745 | +€1,237 | +1.7% |
| Other amounts receivable | 41 | €7,213 | - | -€7,213 | |
| Cash at bank and in hand | 54/58 | €116,157 | €138,174 | +€22,017 | +19.0% |
| Deferred charges and accrued income | 490/1 | €3,154 | €4,478 | +€1,324 | +42.0% |
| Total equity and liabilities | 10/49 | €249,448 | €257,916 | +€8,468 | +3.4% |
| Equity | 10/15 | -€73,014 | -€20,527 | +€52,488 | +71.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€79,214 | -€26,727 | +€52,488 | +66.3% |
| Amounts payable | 17/49 | €322,462 | €278,443 | -€44,019 | -13.7% |
| Amounts payable within one year | 42/48 | €278,022 | €242,249 | -€35,773 | -12.9% |
| Current portion of amounts payable after more than one year | 42 | €14,078 | - | -€14,078 | |
| Trade debts | 44 | €224,692 | €194,635 | -€30,057 | -13.4% |
| Suppliers | 440/4 | €224,692 | €194,635 | -€30,057 | -13.4% |
| Taxes, remuneration and social security | 45 | €38,909 | €47,240 | +€8,331 | +21.4% |
| Taxes | 450/3 | €9,145 | €22,185 | +€13,040 | +142.6% |
| Remuneration and social security | 454/9 | €29,764 | €25,055 | -€4,709 | -15.8% |
| Other amounts payable | 47/48 | €343 | €374 | +€31 | +9.1% |
| Accrued charges and deferred income | 492/3 | €44,440 | €36,193 | -€8,246 | -18.6% |
| Non-recurring operating income | 76A | - | €50,692 | +€50,692 | |
| Remuneration, social security and pensions | 62 | €556,576 | €652,666 | +€96,090 | +17.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,580 | €9,034 | +€454 | +5.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €117,196 | - | -€117,196 | |
| Other operating charges | 640/8 | €4,407 | €12,124 | +€7,717 | +175.1% |
| Gross operating margin | 9900 | €1,102,004 | €953,152 | -€148,851 | -13.5% |
| Operating profit (loss) | 9901 | €415,245 | €279,328 | -€135,917 | -32.7% |
| Financial income | 75/76B | €1,418 | €1,920 | +€502 | +35.4% |
| Recurring financial income | 75 | €1,418 | €1,920 | +€502 | +35.4% |
| Financial charges | 65/66B | €387,990 | €220,824 | -€167,166 | -43.1% |
| Recurring financial charges | 65 | €387,990 | €220,824 | -€167,166 | -43.1% |
| Profit (loss) for the period before taxes | 9903 | €28,674 | €60,425 | +€31,751 | +110.7% |
| Income taxes | 67/77 | €460 | €7,937 | +€7,478 | +1627.1% |
| Profit (loss) for the period | 9904 | €28,215 | €52,488 | +€24,273 | +86.0% |
| Profit (loss) for the period to be appropriated | 9905 | €28,215 | €52,488 | +€24,273 | +86.0% |
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 9 October 2026 via checked.be.