MVNCK: 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.
MVNCK
Largest movements
- Cash +€64,376
up €64,376 (+69.2%), from €93,026 to €157,402
mainly Net result for the year (+€89,881) and Tax, wage and social debts (+€22,809)
- Current investments +€54,782
new in 2025: €54,782
- Tangible fixed assets -€9,780
down €9,780 (-19.8%), from €49,322 to €39,541
of which Furniture and vehicles: -€11,229
- Receivables within one year -€5,422
down €5,422 (-21.8%), from €24,927 to €19,505
of which Other amounts receivable: -€6,376
- Reserves +€89,881
up €89,881 (+94.0%), from €95,629 to €185,509
- Tax, wage and social debts +€22,809
up €22,809 (+51.6%), from €44,215 to €67,024
of which Taxes: +€25,309
- Debts after one year -€10,301
down €10,301 (-85.5%), from €12,055 to €1,753
- Gross operating margin -€3,057
down €3,057 (-2.3%), from €135,671 to €132,614
- Depreciation +€2,234
up €2,234 (+22.0%), from €10,131 to €12,365
- Financial charges +€1,567
up €1,567 (+148.5%), from €1,055 to €2,622
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 | €167,387 | €271,643 | +€104,255 | +62.3% |
| Fixed assets | 21/28 | €49,322 | €39,541 | -€9,780 | -19.8% |
| Tangible fixed assets | 22/27 | €49,322 | €39,541 | -€9,780 | -19.8% |
| Furniture and vehicles | 24 | €39,240 | €28,011 | -€11,229 | -28.6% |
| Other tangible fixed assets | 26 | €10,082 | €11,530 | +€1,448 | +14.4% |
| Current assets | 29/58 | €118,065 | €232,101 | +€114,036 | +96.6% |
| Amounts receivable within one year | 40/41 | €24,927 | €19,505 | -€5,422 | -21.8% |
| Trade receivables | 40 | €18,552 | €19,505 | +€954 | +5.1% |
| Other amounts receivable | 41 | €6,376 | €0 | -€6,376 | -100.0% |
| Current investments | 50/53 | - | €54,782 | +€54,782 | |
| Cash at bank and in hand | 54/58 | €93,026 | €157,402 | +€64,376 | +69.2% |
| Deferred charges and accrued income | 490/1 | €112 | €412 | +€300 | +267.9% |
| Total equity and liabilities | 10/49 | €167,387 | €271,643 | +€104,255 | +62.3% |
| Equity | 10/15 | €100,429 | €190,309 | +€89,881 | +89.5% |
| Contributions | 10/11 | €4,800 | €4,800 | = | 0.0% |
| Reserves | 13 | €95,629 | €185,509 | +€89,881 | +94.0% |
| Distributable reserves | 133 | €95,629 | €185,509 | +€89,881 | +94.0% |
| Amounts payable | 17/49 | €66,959 | €81,334 | +€14,375 | +21.5% |
| Amounts payable after more than one year | 17 | €12,055 | €1,753 | -€10,301 | -85.5% |
| Financial debts | 170/4 | €12,055 | €1,753 | -€10,301 | -85.5% |
| Amounts payable within one year | 42/48 | €54,904 | €79,580 | +€24,676 | +44.9% |
| Current portion of amounts payable after more than one year | 42 | €9,936 | €10,301 | +€366 | +3.7% |
| Trade debts | 44 | €753 | €848 | +€94 | +12.5% |
| Suppliers | 440/4 | €753 | €848 | +€94 | +12.5% |
| Taxes, remuneration and social security | 45 | €44,215 | €67,024 | +€22,809 | +51.6% |
| Taxes | 450/3 | €41,715 | €67,024 | +€25,309 | +60.7% |
| Remuneration and social security | 454/9 | €2,500 | €0 | -€2,500 | -100.0% |
| Other amounts payable | 47/48 | - | €1,407 | +€1,407 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,131 | €12,365 | +€2,234 | +22.0% |
| Other operating charges | 640/8 | €1,273 | €1,242 | -€31 | -2.5% |
| Gross operating margin | 9900 | €135,671 | €132,614 | -€3,057 | -2.3% |
| Operating profit (loss) | 9901 | €124,266 | €119,007 | -€5,259 | -4.2% |
| Financial income | 75/76B | €52 | €14 | -€39 | -73.9% |
| Recurring financial income | 75 | €52 | €14 | -€39 | -73.9% |
| Financial charges | 65/66B | €1,055 | €2,622 | +€1,567 | +148.5% |
| Recurring financial charges | 65 | €1,055 | €2,622 | +€1,567 | +148.5% |
| Profit (loss) for the period before taxes | 9903 | €123,263 | €116,398 | -€6,865 | -5.6% |
| Income taxes | 67/77 | €27,634 | €26,518 | -€1,117 | -4.0% |
| Profit (loss) for the period | 9904 | €95,629 | €89,881 | -€5,748 | -6.0% |
| Profit (loss) for the period to be appropriated | 9905 | €95,629 | €89,881 | -€5,748 | -6.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.