MVP Group: 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.
MVP Group
Largest movements
- Current investments +€203,760
new in 2025: €203,760
- Receivables within one year +€22,433
up €22,433 (+3541.5%), from €633 to €23,067
of which Trade receivables: +€20,896
- Cash -€15,726
down €15,726 (-87.6%), from €17,956 to €2,230
mainly Current investments (-€203,760) and Net result for the year (-€30,069)
- Other debts +€230,516
up €230,516 (+1102.7%), from €20,905 to €251,421
- Profit (loss) carried forward -€30,069
down €30,069 (-340.1%), from -€8,841 to -€38,910
- Trade debts +€12,755
new in 2025: €12,755
- Gross operating margin -€23,525
down €23,525 (-290.9%), from -€8,086 to -€31,611
- Financial income +€3,377
up €3,377 (+844290.0%), from €0 to €3,378
- Other operating charges +€778
up €778 (+202.4%), from €384 to €1,163
- Depreciation +€505
new in 2025: €505
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 | €18,590 | €230,267 | +€211,677 | +1138.7% |
| Fixed assets | 21/28 | - | €1,198 | +€1,198 | |
| Tangible fixed assets | 22/27 | - | €1,198 | +€1,198 | |
| Furniture and vehicles | 24 | - | €1,198 | +€1,198 | |
| Current assets | 29/58 | €18,590 | €229,069 | +€210,479 | +1132.2% |
| Amounts receivable within one year | 40/41 | €633 | €23,067 | +€22,433 | +3541.5% |
| Trade receivables | 40 | €633 | €21,530 | +€20,896 | +3298.8% |
| Other amounts receivable | 41 | - | €1,537 | +€1,537 | |
| Current investments | 50/53 | - | €203,760 | +€203,760 | |
| Cash at bank and in hand | 54/58 | €17,956 | €2,230 | -€15,726 | -87.6% |
| Deferred charges and accrued income | 490/1 | - | €12 | +€12 | |
| Total equity and liabilities | 10/49 | €18,590 | €230,267 | +€211,677 | +1138.7% |
| Equity | 10/15 | -€3,841 | -€33,910 | -€30,069 | -782.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,841 | -€38,910 | -€30,069 | -340.1% |
| Amounts payable | 17/49 | €22,431 | €264,176 | +€241,745 | +1077.7% |
| Amounts payable within one year | 42/48 | €22,431 | €264,176 | +€241,745 | +1077.7% |
| Trade debts | 44 | - | €12,755 | +€12,755 | |
| Suppliers | 440/4 | - | €12,755 | +€12,755 | |
| Taxes, remuneration and social security | 45 | €1,526 | €0 | -€1,526 | -100.0% |
| Taxes | 450/3 | €1,526 | €0 | -€1,526 | -100.0% |
| Other amounts payable | 47/48 | €20,905 | €251,421 | +€230,516 | +1102.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €505 | +€505 | |
| Other operating charges | 640/8 | €384 | €1,163 | +€778 | +202.4% |
| Gross operating margin | 9900 | -€8,086 | -€31,611 | -€23,525 | -290.9% |
| Operating profit (loss) | 9901 | -€8,470 | -€33,278 | -€24,808 | -292.9% |
| Financial income | 75/76B | €0 | €3,378 | +€3,377 | +844290.0% |
| Recurring financial income | 75 | €0 | €3,378 | +€3,377 | +844290.0% |
| Financial charges | 65/66B | €371 | €168 | -€203 | -54.7% |
| Recurring financial charges | 65 | €371 | €168 | -€203 | -54.7% |
| Profit (loss) for the period before taxes | 9903 | -€8,841 | -€30,069 | -€21,227 | -240.1% |
| Profit (loss) for the period | 9904 | -€8,841 | -€30,069 | -€21,227 | -240.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,841 | -€30,069 | -€21,227 | -240.1% |
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 12 October 2026 via checked.be.