MVS Engineering: 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 Engineering
Largest movements
- Cash -€12,557
down €12,557 (-23.1%), from €54,378 to €41,821
mainly Contributions, distributions and other (-€47,059) and Other debts (-€28,429)
- Other debts -€28,429
down €28,429 (-37.2%), from €76,500 to €48,071
- Tax, wage and social debts +€7,662
up €7,662 (+221.9%), from €3,453 to €11,114
of which Taxes: +€7,662
- Reserves +€5,667
up €5,667 (+22.1%), from €25,683 to €31,350
- Trade debts +€1,445
up €1,445 (+1810.5%), from €80 to €1,525
- Gross operating margin +€11,696
up €11,696 (+16.0%), from €72,878 to €84,574
- Taxes -€3,813
down €3,813 (-11.0%), from €34,801 to €30,989
- Other operating charges -€1,021
down €1,021 (-84.7%), from €1,206 to €185
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 | €107,715 | €94,060 | -€13,655 | -12.7% |
| Fixed assets | 21/28 | €1,849 | €1,194 | -€655 | -35.4% |
| Tangible fixed assets | 22/27 | €1,849 | €1,194 | -€655 | -35.4% |
| Furniture and vehicles | 24 | €1,849 | €1,194 | -€655 | -35.4% |
| Current assets | 29/58 | €105,866 | €92,866 | -€13,000 | -12.3% |
| Amounts receivable within one year | 40/41 | €50,979 | €50,322 | -€657 | -1.3% |
| Trade receivables | 40 | €46,404 | €40,112 | -€6,292 | -13.6% |
| Other amounts receivable | 41 | €4,576 | €10,210 | +€5,635 | +123.1% |
| Cash at bank and in hand | 54/58 | €54,378 | €41,821 | -€12,557 | -23.1% |
| Deferred charges and accrued income | 490/1 | €510 | €724 | +€214 | +42.0% |
| Total equity and liabilities | 10/49 | €107,715 | €94,060 | -€13,655 | -12.7% |
| Equity | 10/15 | €27,683 | €33,350 | +€5,667 | +20.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €25,683 | €31,350 | +€5,667 | +22.1% |
| Distributable reserves | 133 | €25,683 | €31,350 | +€5,667 | +22.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €80,032 | €60,711 | -€19,322 | -24.1% |
| Amounts payable within one year | 42/48 | €80,032 | €60,711 | -€19,322 | -24.1% |
| Trade debts | 44 | €80 | €1,525 | +€1,445 | +1810.5% |
| Suppliers | 440/4 | €80 | €1,525 | +€1,445 | +1810.5% |
| Taxes, remuneration and social security | 45 | €3,453 | €11,114 | +€7,662 | +221.9% |
| Taxes | 450/3 | €3,453 | €11,114 | +€7,662 | +221.9% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €76,500 | €48,071 | -€28,429 | -37.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €655 | €655 | = | 0.0% |
| Other operating charges | 640/8 | €1,206 | €185 | -€1,021 | -84.7% |
| Gross operating margin | 9900 | €72,878 | €84,574 | +€11,696 | +16.0% |
| Operating profit (loss) | 9901 | €71,017 | €83,734 | +€12,717 | +17.9% |
| Financial income | 75/76B | €3 | €24 | +€22 | +860.4% |
| Recurring financial income | 75 | €3 | €24 | +€22 | +860.4% |
| Financial charges | 65/66B | €39 | €44 | +€5 | +11.9% |
| Recurring financial charges | 65 | €39 | €44 | +€5 | +11.9% |
| Profit (loss) for the period before taxes | 9903 | €70,980 | €83,714 | +€12,734 | +17.9% |
| Income taxes | 67/77 | €34,801 | €30,989 | -€3,813 | -11.0% |
| Profit (loss) for the period | 9904 | €36,179 | €52,726 | +€16,547 | +45.7% |
| Profit (loss) for the period to be appropriated | 9905 | €36,179 | €52,726 | +€16,547 | +45.7% |
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 10 October 2026 via checked.be.