MVNN 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.
MVNN MANAGEMENT
Largest movements
- Cash -€161,743
down €161,743 (-77.8%), from €208,018 to €46,275
mainly Contributions, distributions and other (-€372,378) and Debts after one year (-€84,608)
- Financial fixed assets +€33,453
up €33,453 (+3.3%), from €1.0m to €1.0m
- Debts after one year -€84,608
down €84,608 (-22.0%), from €384,050 to €299,442
- Other debts -€45,826
down €45,826 (-4.4%), from €1.0m to €1.0m
- Financial income +€61,960
up €61,960 (+17.7%), from €350,000 to €411,960
- Purchases and services -€14,325
no longer reported in 2025 (was €14,325)
- Financial charges +€6,566
up €6,566 (+139%), from €4,719 to €11,285
- Taxes +€3,657
up €3,657, from -€3,218 to €439
- Gross operating margin -€2,186
down €2,186 (-15.3%), from -€14,325 to -€16,511
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 | €1,784,287 | €1,655,996 | -€128,290 | -7.2% |
| Fixed assets | 21/28 | €1,576,268 | €1,609,721 | +€33,453 | +2.1% |
| Tangible fixed assets | 22/27 | €573,671 | €573,671 | = | 0.0% |
| Land and buildings | 22 | €573,671 | €573,671 | = | 0.0% |
| Financial fixed assets | 28 | €1,002,598 | €1,036,051 | +€33,453 | +3.3% |
| Current assets | 29/58 | €208,018 | €46,275 | -€161,743 | -77.8% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €208,018 | €46,275 | -€161,743 | -77.8% |
| Total equity and liabilities | 10/49 | €1,784,287 | €1,655,996 | -€128,290 | -7.2% |
| Equity | 10/15 | €268,290 | €268,290 | = | 0.0% |
| Contributions | 10/11 | €243,900 | €243,900 | = | 0.0% |
| Capital | 10 | €243,900 | €243,900 | = | 0.0% |
| Issued capital | 100 | €243,900 | €243,900 | = | 0.0% |
| Reserves | 13 | €24,390 | €24,390 | = | 0.0% |
| Non-distributable reserves | 130/1 | €24,390 | €24,390 | = | 0.0% |
| Legal reserve | 130 | €24,390 | €24,390 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €1,515,997 | €1,387,706 | -€128,290 | -8.5% |
| Amounts payable after more than one year | 17 | €384,050 | €299,442 | -€84,608 | -22.0% |
| Financial debts | 170/4 | €384,050 | €299,442 | -€84,608 | -22.0% |
| Amounts payable within one year | 42/48 | €1,131,947 | €1,088,264 | -€43,682 | -3.9% |
| Current portion of amounts payable after more than one year | 42 | €82,465 | €84,608 | +€2,143 | +2.6% |
| Trade debts | 44 | €0 | €0 | = | |
| Suppliers | 440/4 | €0 | €0 | = | |
| Taxes, remuneration and social security | 45 | €0 | €0 | = | |
| Taxes | 450/3 | €0 | €0 | = | |
| Other amounts payable | 47/48 | €1,049,482 | €1,003,656 | -€45,826 | -4.4% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €14,325 | - | -€14,325 | |
| Other operating charges | 640/8 | €882 | €1,337 | +€455 | +51.5% |
| Non-recurring operating charges | 66A | - | €10,010 | +€10,010 | |
| Gross operating margin | 9900 | -€14,325 | -€16,511 | -€2,186 | -15.3% |
| Operating profit (loss) | 9901 | -€15,208 | -€27,858 | -€12,651 | -83.2% |
| Financial income | 75/76B | €350,000 | €411,960 | +€61,960 | +17.7% |
| Recurring financial income | 75 | €350,000 | €411,960 | +€61,960 | +17.7% |
| Financial charges | 65/66B | €4,719 | €11,285 | +€6,566 | +139% |
| Recurring financial charges | 65 | €4,719 | €11,285 | +€6,566 | +139% |
| Profit (loss) for the period before taxes | 9903 | €330,073 | €372,816 | +€42,743 | +12.9% |
| Income taxes | 67/77 | -€3,218 | €439 | +€3,657 | |
| Profit (loss) for the period | 9904 | €333,291 | €372,378 | +€39,086 | +11.7% |
| Profit (loss) for the period to be appropriated | 9905 | €333,291 | €372,378 | +€39,086 | +11.7% |
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 16 October 2026 via checked.be.