MVS: 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.
MVS
Largest movements
- Receivables within one year +€26,901
up €26,901 (+204.8%), from €13,135 to €40,036
of which Other amounts receivable: +€19,927
- Cash -€17,150
down €17,150 (-84.2%), from €20,378 to €3,228
mainly Receivables within one year (-€26,901) and Debts after one year (-€8,386)
- Tangible fixed assets -€10,100
down €10,100 (-25.0%), from €40,469 to €30,369
- Debts after one year -€8,386
down €8,386 (-22.8%), from €36,817 to €28,432
- Tax, wage and social debts +€6,819
up €6,819 (+293.1%), from €2,327 to €9,146
of which Remuneration and social security: +€4,500
- Profit (loss) carried forward +€2,634
up €2,634 (+6.2%), from €42,263 to €44,897
- Other debts -€1,117
no longer reported in 2025 (was €1,117)
- Turnover -€113,600
no longer reported in 2025 (was €113,600)
- Purchases and services -€106,922
no longer reported in 2025 (was €106,922)
- Gross operating margin -€6,391
down €6,391 (-27.8%), from €23,003 to €16,613
- Taxes +€1,454
up €1,454 (+1010.7%), from €144 to €1,597
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 | €93,214 | €93,355 | +€141 | +0.2% |
| Fixed assets | 21/28 | €40,469 | €30,369 | -€10,100 | -25.0% |
| Tangible fixed assets | 22/27 | €40,469 | €30,369 | -€10,100 | -25.0% |
| Furniture and vehicles | 24 | €40,469 | €30,369 | -€10,100 | -25.0% |
| Current assets | 29/58 | €52,745 | €62,986 | +€10,241 | +19.4% |
| Amounts receivable after more than one year | 29 | €18,374 | €18,374 | = | 0.0% |
| Other amounts receivable | 291 | €18,374 | €18,374 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €13,135 | €40,036 | +€26,901 | +204.8% |
| Trade receivables | 40 | €10,648 | €17,622 | +€6,974 | +65.5% |
| Other amounts receivable | 41 | €2,487 | €22,414 | +€19,927 | +801.3% |
| Cash at bank and in hand | 54/58 | €20,378 | €3,228 | -€17,150 | -84.2% |
| Deferred charges and accrued income | 490/1 | €859 | €1,348 | +€489 | +57.0% |
| Total equity and liabilities | 10/49 | €93,214 | €93,355 | +€141 | +0.2% |
| Equity | 10/15 | €43,263 | €45,897 | +€2,634 | +6.1% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €42,263 | €44,897 | +€2,634 | +6.2% |
| Amounts payable | 17/49 | €49,951 | €47,458 | -€2,493 | -5.0% |
| Amounts payable after more than one year | 17 | €36,817 | €28,432 | -€8,386 | -22.8% |
| Financial debts | 170/4 | €36,817 | €28,432 | -€8,386 | -22.8% |
| Amounts payable within one year | 42/48 | €13,134 | €19,026 | +€5,892 | +44.9% |
| Financial debts | 43 | €8,008 | €8,386 | +€378 | +4.7% |
| Credit institutions | 430/8 | €8,008 | €8,386 | +€378 | +4.7% |
| Trade debts | 44 | €1,683 | €1,494 | -€188 | -11.2% |
| Suppliers | 440/4 | €1,683 | €1,494 | -€188 | -11.2% |
| Taxes, remuneration and social security | 45 | €2,327 | €9,146 | +€6,819 | +293.1% |
| Taxes | 450/3 | €2,327 | €4,646 | +€2,319 | +99.7% |
| Remuneration and social security | 454/9 | - | €4,500 | +€4,500 | |
| Other amounts payable | 47/48 | €1,117 | - | -€1,117 | |
| Turnover | 70 | €113,600 | - | -€113,600 | |
| Goods, raw materials, services and sundry goods | 60/61 | €106,922 | - | -€106,922 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,031 | €10,100 | +€69 | +0.7% |
| Other operating charges | 640/8 | €1,029 | €908 | -€120 | -11.7% |
| Gross operating margin | 9900 | €23,003 | €16,613 | -€6,391 | -27.8% |
| Operating profit (loss) | 9901 | €11,944 | €5,605 | -€6,339 | -53.1% |
| Financial income | 75/76B | €468 | €717 | +€249 | +53.2% |
| Recurring financial income | 75 | €468 | €717 | +€249 | +53.2% |
| Financial charges | 65/66B | €2,385 | €2,090 | -€296 | -12.4% |
| Recurring financial charges | 65 | €2,385 | €2,090 | -€296 | -12.4% |
| Profit (loss) for the period before taxes | 9903 | €10,027 | €4,232 | -€5,795 | -57.8% |
| Income taxes | 67/77 | €144 | €1,597 | +€1,454 | +1010.7% |
| Profit (loss) for the period | 9904 | €9,883 | €2,634 | -€7,248 | -73.3% |
| Profit (loss) for the period to be appropriated | 9905 | €9,883 | €2,634 | -€7,248 | -73.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.