MVN Management: 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.
MVN Management
Largest movements
- Receivables within one year -€39,360
down €39,360 (-62.4%), from €63,102 to €23,742
of which Other amounts receivable: -€39,360
- Other debts +€380,836
up €380,836 (+82.0%), from €464,264 to €845,100
- Profit (loss) carried forward -€380,316
down €380,316 (-96.4%), from €394,392 to €14,076
- Tax, wage and social debts -€36,706
down €36,706 (-78.0%), from €47,085 to €10,379
of which Taxes: -€36,706
- Gross operating margin -€40,532
down €40,532 (-28.4%), from €142,815 to €102,283
- Taxes -€6,752
down €6,752 (-17.9%), from €37,665 to €30,913
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 | €920,741 | €884,555 | -€36,187 | -3.9% |
| Fixed assets | 21/28 | €466,665 | €465,290 | -€1,375 | -0.3% |
| Tangible fixed assets | 22/27 | €466,665 | €465,290 | -€1,375 | -0.3% |
| Land and buildings | 22 | €459,826 | €459,826 | = | 0.0% |
| Plant, machinery and equipment | 23 | €5,786 | €5,115 | -€671 | -11.6% |
| Furniture and vehicles | 24 | €1,053 | €349 | -€704 | -66.8% |
| Current assets | 29/58 | €454,076 | €419,265 | -€34,812 | -7.7% |
| Stocks and contracts in progress | 3 | €363,127 | €363,127 | = | 0.0% |
| Stocks | 30/36 | €363,127 | €363,127 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €63,102 | €23,742 | -€39,360 | -62.4% |
| Trade receivables | 40 | €18,150 | €18,150 | = | 0.0% |
| Other amounts receivable | 41 | €44,952 | €5,592 | -€39,360 | -87.6% |
| Cash at bank and in hand | 54/58 | €27,848 | €32,396 | +€4,548 | +16.3% |
| Total equity and liabilities | 10/49 | €920,741 | €884,555 | -€36,187 | -3.9% |
| Equity | 10/15 | €409,392 | €29,076 | -€380,316 | -92.9% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €394,392 | €14,076 | -€380,316 | -96.4% |
| Amounts payable | 17/49 | €511,349 | €855,479 | +€344,129 | +67.3% |
| Amounts payable within one year | 42/48 | €511,349 | €855,479 | +€344,129 | +67.3% |
| Taxes, remuneration and social security | 45 | €47,085 | €10,379 | -€36,706 | -78.0% |
| Taxes | 450/3 | €47,085 | €10,379 | -€36,706 | -78.0% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €464,264 | €845,100 | +€380,836 | +82.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,375 | €1,375 | = | 0.0% |
| Other operating charges | 640/8 | €272 | €269 | -€4 | -1.4% |
| Gross operating margin | 9900 | €142,815 | €102,283 | -€40,532 | -28.4% |
| Operating profit (loss) | 9901 | €141,168 | €100,640 | -€40,528 | -28.7% |
| Financial charges | 65/66B | €35 | €44 | +€9 | +24.7% |
| Recurring financial charges | 65 | €35 | €44 | +€9 | +24.7% |
| Profit (loss) for the period before taxes | 9903 | €141,133 | €100,597 | -€40,537 | -28.7% |
| Income taxes | 67/77 | €37,665 | €30,913 | -€6,752 | -17.9% |
| Profit (loss) for the period | 9904 | €103,468 | €69,684 | -€33,784 | -32.7% |
| Profit (loss) for the period to be appropriated | 9905 | €103,468 | €69,684 | -€33,784 | -32.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.