MVN INC: 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.
MVN INC
Largest movements
- Cash +€31,889
up €31,889 (+987%), from €3,231 to €35,120
- Receivables within one year +€18,100
up €18,100 (+12.0%), from €150,715 to €168,814
of which Other amounts receivable: +€57,028
- Other debts +€43,562
new in 2024: €43,562
- Trade debts +€6,684
up €6,684 (+138%), from €4,859 to €11,543
- Gross operating margin -€50,394
down €50,394 (-90.4%), from €55,776 to €5,382
- Financial charges +€1,773
up €1,773 (+107%), from €1,660 to €3,434
- Taxes -€1,315
down €1,315 (-79.9%), from €1,645 to €330
From the 2023 result to the 2024 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €175,724 | €226,334 | +€50,611 | +28.8% |
| Fixed assets | 21/28 | €9,777 | €10,069 | +€292 | +3.0% |
| Tangible fixed assets | 22/27 | €9,777 | €10,069 | +€292 | +3.0% |
| Land and buildings | 22 | €8,864 | €7,529 | -€1,336 | -15.1% |
| Plant, machinery and equipment | 23 | - | €2,118 | +€2,118 | |
| Furniture and vehicles | 24 | €912 | €422 | -€491 | -53.8% |
| Current assets | 29/58 | €165,947 | €216,266 | +€50,319 | +30.3% |
| Amounts receivable within one year | 40/41 | €150,715 | €168,814 | +€18,100 | +12.0% |
| Trade receivables | 40 | €56,834 | €17,906 | -€38,928 | -68.5% |
| Other amounts receivable | 41 | €93,880 | €150,908 | +€57,028 | +60.7% |
| Cash at bank and in hand | 54/58 | €3,231 | €35,120 | +€31,889 | +987% |
| Deferred charges and accrued income | 490/1 | €12,001 | €12,331 | +€331 | +2.8% |
| Total equity and liabilities | 10/49 | €175,724 | €226,334 | +€50,611 | +28.8% |
| Equity | 10/15 | €159,812 | €158,867 | -€945 | -0.6% |
| Contributions | 10/11 | €6,400 | €6,400 | = | 0.0% |
| Reserves | 13 | €152,660 | €152,660 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €150,800 | €150,800 | = | 0.0% |
| Profit (loss) carried forward | 14 | €752 | -€193 | -€945 | |
| Amounts payable | 17/49 | €15,912 | €67,467 | +€51,556 | +324% |
| Amounts payable within one year | 42/48 | €15,912 | €67,080 | +€51,168 | +322% |
| Trade debts | 44 | €4,859 | €11,543 | +€6,684 | +138% |
| Suppliers | 440/4 | €4,859 | €11,543 | +€6,684 | +138% |
| Taxes, remuneration and social security | 45 | €11,053 | €11,975 | +€922 | +8.3% |
| Taxes | 450/3 | €11,053 | €11,975 | +€922 | +8.3% |
| Other amounts payable | 47/48 | - | €43,562 | +€43,562 | |
| Accrued charges and deferred income | 492/3 | - | €387 | +€387 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,911 | €2,176 | +€265 | +13.9% |
| Other operating charges | 640/8 | €383 | €392 | +€9 | +2.3% |
| Gross operating margin | 9900 | €55,776 | €5,382 | -€50,394 | -90.4% |
| Operating profit (loss) | 9901 | €53,482 | €2,814 | -€50,668 | -94.7% |
| Financial income | 75/76B | €0 | €5 | +€5 | +50,000% |
| Recurring financial income | 75 | €0 | €5 | +€5 | +50,000% |
| Financial charges | 65/66B | €1,660 | €3,434 | +€1,773 | +107% |
| Recurring financial charges | 65 | €1,660 | €3,434 | +€1,773 | +107% |
| Profit (loss) for the period before taxes | 9903 | €51,822 | -€615 | -€52,436 | |
| Income taxes | 67/77 | €1,645 | €330 | -€1,315 | -79.9% |
| Profit (loss) for the period | 9904 | €50,176 | -€945 | -€51,121 | |
| Profit (loss) for the period to be appropriated | 9905 | €50,176 | -€945 | -€51,121 |
Source: filed annual accounts (NBB), financial years ended 31 July 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.