MVN 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.
MVN Management
Largest movements
- Cash +€40,275
up €40,275 (+114%), from €35,368 to €75,643
mainly Net result for the year (+€37,553) and Tax, wage and social debts (+€5,577)
- Receivables within one year +€2,331
up €2,331 (+23.7%), from €9,827 to €12,158
of which Trade receivables: +€2,420
- Reserves +€36,694
up €36,694 (+99.2%), from €36,986 to €73,680
- Tax, wage and social debts +€5,577
up €5,577 (+46.7%), from €11,936 to €17,513
- Gross operating margin +€20,535
up €20,535 (+72.8%), from €28,220 to €48,755
- Taxes +€4,390
up €4,390 (+70.2%), from €6,254 to €10,645
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 | €56,534 | €99,314 | +€42,780 | +75.7% |
| Fixed assets | 21/28 | €2,457 | €2,632 | +€175 | +7.1% |
| Tangible fixed assets | 22/27 | €2,457 | €2,632 | +€175 | +7.1% |
| Plant, machinery and equipment | 23 | - | €899 | +€899 | |
| Furniture and vehicles | 24 | €2,457 | €1,733 | -€724 | -29.5% |
| Current assets | 29/58 | €54,076 | €96,682 | +€42,605 | +78.8% |
| Amounts receivable after more than one year | 29 | €8,500 | €8,500 | = | 0.0% |
| Other amounts receivable | 291 | €8,500 | €8,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €9,827 | €12,158 | +€2,331 | +23.7% |
| Trade receivables | 40 | €9,680 | €12,100 | +€2,420 | +25.0% |
| Other amounts receivable | 41 | €147 | €58 | -€89 | -60.7% |
| Cash at bank and in hand | 54/58 | €35,368 | €75,643 | +€40,275 | +114% |
| Deferred charges and accrued income | 490/1 | €381 | €381 | = | 0.0% |
| Total equity and liabilities | 10/49 | €56,534 | €99,314 | +€42,780 | +75.7% |
| Equity | 10/15 | €37,086 | €73,780 | +€36,694 | +98.9% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €36,986 | €73,680 | +€36,694 | +99.2% |
| Distributable reserves | 133 | €36,986 | €73,680 | +€36,694 | +99.2% |
| Amounts payable | 17/49 | €19,448 | €25,534 | +€6,086 | +31.3% |
| Amounts payable within one year | 42/48 | €19,448 | €25,534 | +€6,086 | +31.3% |
| Trade debts | 44 | €6,679 | €7,162 | +€483 | +7.2% |
| Suppliers | 440/4 | €6,679 | €7,162 | +€483 | +7.2% |
| Taxes, remuneration and social security | 45 | €11,936 | €17,513 | +€5,577 | +46.7% |
| Taxes | 450/3 | €11,936 | €17,513 | +€5,577 | +46.7% |
| Other amounts payable | 47/48 | €833 | €859 | +€26 | +3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €438 | €893 | +€454 | +104% |
| Other operating charges | 640/8 | €185 | €337 | +€152 | +82.1% |
| Gross operating margin | 9900 | €28,220 | €48,755 | +€20,535 | +72.8% |
| Operating profit (loss) | 9901 | €27,597 | €47,526 | +€19,929 | +72.2% |
| Financial income | 75/76B | €401 | €717 | +€316 | +78.8% |
| Recurring financial income | 75 | €401 | €717 | +€316 | +78.8% |
| Financial charges | 65/66B | €49 | €45 | -€4 | -8.7% |
| Recurring financial charges | 65 | €49 | €45 | -€4 | -8.7% |
| Profit (loss) for the period before taxes | 9903 | €27,949 | €48,198 | +€20,249 | +72.5% |
| Income taxes | 67/77 | €6,254 | €10,645 | +€4,390 | +70.2% |
| Profit (loss) for the period | 9904 | €21,694 | €37,553 | +€15,859 | +73.1% |
| Profit (loss) for the period to be appropriated | 9905 | €21,694 | €37,553 | +€15,859 | +73.1% |
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 23 October 2026 via checked.be.