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
- Receivables within one year +€285
up €285 (+453%), from €63 to €348
- Other debts +€20,224
up €20,224 (+9.4%), from €214,505 to €234,729
- Profit (loss) carried forward -€13,349
down €13,349 (-5.5%), from -€241,291 to -€254,640
- Trade debts -€8,205
no longer reported in 2025 (was €8,205)
- Short-term financial debts +€1,615
up €1,615 (+3,699%), from €44 to €1,659
- Gross operating margin -€594
down €594 (-4.9%), from -€12,202 to -€12,797
- Other operating charges -€387
no longer reported in 2025 (was €387)
- Financial charges +€146
up €146 (+35.8%), from €408 to €555
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €63 | €348 | +€285 | +453% |
| Current assets | 29/58 | €63 | €348 | +€285 | +453% |
| Amounts receivable within one year | 40/41 | €63 | €348 | +€285 | +453% |
| Other amounts receivable | 41 | €63 | €348 | +€285 | +453% |
| Total equity and liabilities | 10/49 | €63 | €348 | +€285 | +453% |
| Equity | 10/15 | -€222,691 | -€236,040 | -€13,349 | -6.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€241,291 | -€254,640 | -€13,349 | -5.5% |
| Amounts payable | 17/49 | €222,754 | €236,388 | +€13,634 | +6.1% |
| Amounts payable within one year | 42/48 | €222,754 | €236,388 | +€13,634 | +6.1% |
| Financial debts | 43 | €44 | €1,659 | +€1,615 | +3,699% |
| Credit institutions | 430/8 | €44 | €1,659 | +€1,615 | +3,699% |
| Trade debts | 44 | €8,205 | - | -€8,205 | |
| Suppliers | 440/4 | €8,205 | - | -€8,205 | |
| Other amounts payable | 47/48 | €214,505 | €234,729 | +€20,224 | +9.4% |
| Other operating charges | 640/8 | €387 | - | -€387 | |
| Gross operating margin | 9900 | -€12,202 | -€12,797 | -€594 | -4.9% |
| Operating profit (loss) | 9901 | -€12,590 | -€12,797 | -€207 | -1.6% |
| Financial income | 75/76B | €14 | €3 | -€12 | -80.4% |
| Recurring financial income | 75 | €14 | €3 | -€12 | -80.4% |
| Financial charges | 65/66B | €408 | €555 | +€146 | +35.8% |
| Recurring financial charges | 65 | €408 | €555 | +€146 | +35.8% |
| Profit (loss) for the period before taxes | 9903 | -€12,984 | -€13,349 | -€365 | -2.8% |
| Profit (loss) for the period | 9904 | -€12,984 | -€13,349 | -€365 | -2.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,984 | -€13,349 | -€365 | -2.8% |
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 19 October 2026 via checked.be.