MVS - BVO: 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.
MVS - BVO
Largest movements
- Tangible fixed assets -€2,280
down €2,280 (-30.6%), from €7,445 to €5,166
of which Furniture and vehicles: -€1,564
- Receivables within one year +€731
up €731 (+61.6%), from €1,187 to €1,918
- Deferred charges and accrued income -€394
no longer reported in 2025 (was €394)
- Other debts +€18,131
up €18,131 (+29.2%), from €62,094 to €80,225
- Profit (loss) carried forward -€14,232
down €14,232 (-24.4%), from -€58,415 to -€72,647
- Trade debts -€5,987
down €5,987 (-82.1%), from €7,294 to €1,307
- Gross operating margin +€9,199
up €9,199 (+45.6%), from -€20,182 to -€10,983
- Financial charges -€311
down €311 (-77.7%), from €400 to €89
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 | €13,973 | €11,902 | -€2,070 | -14.8% |
| Fixed assets | 21/28 | €12,216 | €9,937 | -€2,280 | -18.7% |
| Tangible fixed assets | 22/27 | €7,445 | €5,166 | -€2,280 | -30.6% |
| Plant, machinery and equipment | 23 | €4,175 | €3,459 | -€716 | -17.1% |
| Furniture and vehicles | 24 | €3,271 | €1,707 | -€1,564 | -47.8% |
| Financial fixed assets | 28 | €4,771 | €4,771 | = | 0.0% |
| Current assets | 29/58 | €1,756 | €1,966 | +€210 | +11.9% |
| Amounts receivable within one year | 40/41 | €1,187 | €1,918 | +€731 | +61.6% |
| Other amounts receivable | 41 | €1,187 | €1,918 | +€731 | +61.6% |
| Cash at bank and in hand | 54/58 | €175 | €47 | -€128 | -73.0% |
| Deferred charges and accrued income | 490/1 | €394 | - | -€394 | |
| Total equity and liabilities | 10/49 | €13,973 | €11,902 | -€2,070 | -14.8% |
| Equity | 10/15 | -€55,415 | -€69,647 | -€14,232 | -25.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€58,415 | -€72,647 | -€14,232 | -24.4% |
| Amounts payable | 17/49 | €69,387 | €81,550 | +€12,162 | +17.5% |
| Amounts payable within one year | 42/48 | €69,387 | €81,550 | +€12,162 | +17.5% |
| Trade debts | 44 | €7,294 | €1,307 | -€5,987 | -82.1% |
| Suppliers | 440/4 | €7,294 | €1,307 | -€5,987 | -82.1% |
| Taxes, remuneration and social security | 45 | - | €17 | +€17 | |
| Taxes | 450/3 | - | €17 | +€17 | |
| Other amounts payable | 47/48 | €62,094 | €80,225 | +€18,131 | +29.2% |
| Non-recurring operating income | 76A | - | €435 | +€435 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,094 | €3,160 | +€66 | +2.1% |
| Other operating charges | 640/8 | €180 | - | -€180 | |
| Non-recurring operating charges | 66A | €876 | - | -€876 | |
| Gross operating margin | 9900 | -€20,182 | -€10,983 | +€9,199 | +45.6% |
| Operating profit (loss) | 9901 | -€24,332 | -€14,143 | +€10,189 | +41.9% |
| Financial charges | 65/66B | €400 | €89 | -€311 | -77.7% |
| Recurring financial charges | 65 | €400 | €89 | -€311 | -77.7% |
| Profit (loss) for the period before taxes | 9903 | -€24,733 | -€14,232 | +€10,500 | +42.5% |
| Profit (loss) for the period | 9904 | -€24,733 | -€14,232 | +€10,500 | +42.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€24,733 | -€14,232 | +€10,500 | +42.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.