MVP STRATEGY: 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.
MVP STRATEGY
Largest movements
- Receivables within one year +€43,717
up €43,717 (+107.2%), from €40,783 to €84,500
- Cash +€21,370
up €21,370 (+58.7%), from €36,394 to €57,764
mainly Net result for the year (+€56,498) and Tax, wage and social debts (+€6,908)
- Reserves +€56,498
up €56,498 (+96.3%), from €58,656 to €115,153
- Tax, wage and social debts +€6,908
up €6,908 (+89.9%), from €7,684 to €14,593
- Other debts +€2,060
up €2,060 (+169.6%), from €1,214 to €3,274
- Gross operating margin +€33,539
up €33,539 (+88.2%), from €38,040 to €71,579
- Taxes +€6,908
up €6,908 (+89.9%), from €7,684 to €14,593
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 | €77,177 | €142,264 | +€65,087 | +84.3% |
| Current assets | 29/58 | €77,177 | €142,264 | +€65,087 | +84.3% |
| Amounts receivable within one year | 40/41 | €40,783 | €84,500 | +€43,717 | +107.2% |
| Trade receivables | 40 | €40,783 | €84,500 | +€43,717 | +107.2% |
| Cash at bank and in hand | 54/58 | €36,394 | €57,764 | +€21,370 | +58.7% |
| Total equity and liabilities | 10/49 | €77,177 | €142,264 | +€65,087 | +84.3% |
| Equity | 10/15 | €59,656 | €116,153 | +€56,498 | +94.7% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €58,656 | €115,153 | +€56,498 | +96.3% |
| Distributable reserves | 133 | €58,656 | €115,153 | +€56,498 | +96.3% |
| Amounts payable | 17/49 | €17,521 | €26,111 | +€8,590 | +49.0% |
| Amounts payable within one year | 42/48 | €17,521 | €26,111 | +€8,590 | +49.0% |
| Trade debts | 44 | €8,623 | €8,244 | -€379 | -4.4% |
| Suppliers | 440/4 | €8,623 | €8,244 | -€379 | -4.4% |
| Taxes, remuneration and social security | 45 | €7,684 | €14,593 | +€6,908 | +89.9% |
| Taxes | 450/3 | €7,684 | €14,593 | +€6,908 | +89.9% |
| Other amounts payable | 47/48 | €1,214 | €3,274 | +€2,060 | +169.6% |
| Other operating charges | 640/8 | €394 | €387 | -€7 | -1.8% |
| Gross operating margin | 9900 | €38,040 | €71,579 | +€33,539 | +88.2% |
| Operating profit (loss) | 9901 | €37,645 | €71,191 | +€33,546 | +89.1% |
| Financial charges | 65/66B | €151 | €101 | -€50 | -33.1% |
| Recurring financial charges | 65 | €151 | €101 | -€50 | -33.1% |
| Profit (loss) for the period before taxes | 9903 | €37,494 | €71,090 | +€33,596 | +89.6% |
| Income taxes | 67/77 | €7,684 | €14,593 | +€6,908 | +89.9% |
| Profit (loss) for the period | 9904 | €29,810 | €56,498 | +€26,687 | +89.5% |
| Profit (loss) for the period to be appropriated | 9905 | €29,810 | €56,498 | +€26,687 | +89.5% |
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.