MVS Construction: 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 Construction
Largest movements
- Receivables within one year -€6,601
down €6,601 (-80.8%), from €8,166 to €1,565
of which Trade receivables: -€4,618
- Cash +€1,718
up €1,718 (+13.6%), from €12,636 to €14,354
mainly Tax, wage and social debts (+€24,721) and Receivables within one year (+€6,601)
- Tangible fixed assets -€253
down €253 (-20.9%), from €1,210 to €958
- Profit (loss) carried forward -€37,898
down €37,898 (-200.3%), from -€18,918 to -€56,816
- Tax, wage and social debts +€24,721
up €24,721 (+163.2%), from €15,150 to €39,871
of which Remuneration and social security: +€21,750
- Trade debts +€6,210
up €6,210 (+734.0%), from €846 to €7,055
- Contributions +€1,860
up €1,860 (+26.6%), from €7,000 to €8,860
- Reserves -€1,860
no longer reported in 2025 (was €1,860)
- Gross operating margin -€26,548
down €26,548 (-271.4%), from -€9,784 to -€36,332
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 | €23,921 | €18,797 | -€5,124 | -21.4% |
| Fixed assets | 21/28 | €2,527 | €2,274 | -€253 | -10.0% |
| Tangible fixed assets | 22/27 | €1,210 | €958 | -€253 | -20.9% |
| Furniture and vehicles | 24 | €1,210 | €958 | -€253 | -20.9% |
| Financial fixed assets | 28 | €1,316 | €1,316 | = | 0.0% |
| Current assets | 29/58 | €21,394 | €16,523 | -€4,871 | -22.8% |
| Amounts receivable within one year | 40/41 | €8,166 | €1,565 | -€6,601 | -80.8% |
| Trade receivables | 40 | €6,182 | €1,564 | -€4,618 | -74.7% |
| Other amounts receivable | 41 | €1,984 | €2 | -€1,983 | -99.9% |
| Cash at bank and in hand | 54/58 | €12,636 | €14,354 | +€1,718 | +13.6% |
| Deferred charges and accrued income | 490/1 | €592 | €604 | +€12 | +2.0% |
| Total equity and liabilities | 10/49 | €23,921 | €18,797 | -€5,124 | -21.4% |
| Equity | 10/15 | -€10,058 | -€47,956 | -€37,898 | -376.8% |
| Contributions | 10/11 | €7,000 | €8,860 | +€1,860 | +26.6% |
| Outside capital | 11 | €7,000 | - | -€7,000 | |
| Other | 1109/19 | €7,000 | - | -€7,000 | |
| Reserves | 13 | €1,860 | - | -€1,860 | |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Profit (loss) carried forward | 14 | -€18,918 | -€56,816 | -€37,898 | -200.3% |
| Amounts payable | 17/49 | €33,979 | €66,753 | +€32,774 | +96.5% |
| Amounts payable within one year | 42/48 | €33,979 | €66,753 | +€32,774 | +96.5% |
| Trade debts | 44 | €846 | €7,055 | +€6,210 | +734.0% |
| Suppliers | 440/4 | €846 | €7,055 | +€6,210 | +734.0% |
| Taxes, remuneration and social security | 45 | €15,150 | €39,871 | +€24,721 | +163.2% |
| Taxes | 450/3 | €750 | €3,721 | +€2,971 | +396.1% |
| Remuneration and social security | 454/9 | €14,400 | €36,150 | +€21,750 | +151.0% |
| Other amounts payable | 47/48 | €17,983 | €19,827 | +€1,844 | +10.3% |
| Remuneration, social security and pensions | 62 | €130 | €399 | +€269 | +207.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €501 | €253 | -€248 | -49.6% |
| Other operating charges | 640/8 | €536 | €548 | +€12 | +2.3% |
| Non-recurring operating charges | 66A | €300 | - | -€300 | |
| Gross operating margin | 9900 | -€9,784 | -€36,332 | -€26,548 | -271.4% |
| Operating profit (loss) | 9901 | -€11,251 | -€37,533 | -€26,281 | -233.6% |
| Financial income | 75/76B | €1 | €0 | -€0 | -94.2% |
| Recurring financial income | 75 | €1 | €0 | -€0 | -94.2% |
| Financial charges | 65/66B | €304 | €365 | +€61 | +20.0% |
| Recurring financial charges | 65 | €304 | €365 | +€61 | +20.0% |
| Profit (loss) for the period before taxes | 9903 | -€11,555 | -€37,898 | -€26,343 | -228.0% |
| Profit (loss) for the period | 9904 | -€11,555 | -€37,898 | -€26,343 | -228.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,555 | -€37,898 | -€26,343 | -228.0% |
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 4 October 2026 via checked.be.