MVS IN MOTION: 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.
What changed
MVS IN MOTION
NACE 46.460, Wholesale of pharmaceutical and medical goods
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€794,356
2024 · €512,094+€282,263
Equity
€3.0m
2024 · €3.0m-€5,644
Cash
€698,408
2024 · €181,529+€516,879
Balance sheet total
€3.9m
2024 · €3.4m+€504,973
Largest movements
Assets
- Cash +€516,879
up €516,879 (+285%), from €181,529 to €698,408
mainly Net result for the year (+€794,356) and Other debts (+€500,000)
- Stocks and contracts -€225,574
down €225,574 (-14.1%), from €1.6m to €1.4m
- Current investments +€100,306
up €100,306, from €0 to €100,306
- Receivables within one year +€93,388
up €93,388 (+15.7%), from €596,438 to €689,826
of which Trade receivables: +€79,133
Equity and liabilities
- Other debts +€500,000
up €500,000 (+167%), from €300,000 to €800,000
Income statement
- Gross operating margin +€344,971
up €344,971 (+30.9%), from €1.1m to €1.5m
- Taxes +€97,143
up €97,143 (+68.8%), from €141,231 to €238,374
- Staff costs -€44,387
down €44,387 (-11.0%), from €402,692 to €358,305
- Write-downs +€18,341
up €18,341 (+250%), from €7,325 to €25,667
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.
Result 2024
€512,094
Gross operating margin
+€344,971
Staff costs
+€44,387
Depreciation
-€601
Write-downs
-€18,341
Other operating charges
+€506
Other operating items
+€1,404
Financial income
+€4,610
Financial charges
+€2,470
Taxes
-€97,143
Result 2025
€794,356
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
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.
From operations
+€1.5m
Investment
-€149,698
Financing
-€800,000
Cash 2024
€181,529
From operations (derived)
+€1.5m
Net result for the year
+€794,356
Depreciation
+€31,194
Stocks and contracts
+€225,574
Receivables within one year
-€93,388
Deferred charges and accrued income
-€1,777
Trade debts
+€5,276
Tax, wage and social debts
+€5,340
Other debts
+€500,000
Investment (derived)
-€149,698
Investment in fixed assets (net)
-€49,392
Current investments
-€100,306
Financing
-€800,000
Contributions, distributions and other
-€800,000
Cash 2025
€698,408
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,426,037 | €3,931,010 | +€504,973 | +14.7% |
| Fixed assets | 21/28 | €1,046,853 | €1,065,051 | +€18,198 | +1.7% |
| Intangible fixed assets | 21 | €13,121 | €9,356 | -€3,765 | -28.7% |
| Tangible fixed assets | 22/27 | €83,732 | €98,695 | +€14,963 | +17.9% |
| Plant, machinery and equipment | 23 | €64,433 | €45,817 | -€18,616 | -28.9% |
| Furniture and vehicles | 24 | €19,299 | €52,878 | +€33,579 | +174% |
| Financial fixed assets | 28 | €950,000 | €957,000 | +€7,000 | +0.7% |
| Current assets | 29/58 | €2,379,184 | €2,865,959 | +€486,775 | +20.5% |
| Stocks and contracts in progress | 3 | €1,601,217 | €1,375,642 | -€225,574 | -14.1% |
| Stocks | 30/36 | €1,601,217 | €1,375,642 | -€225,574 | -14.1% |
| Amounts receivable within one year | 40/41 | €596,438 | €689,826 | +€93,388 | +15.7% |
| Trade receivables | 40 | €568,586 | €647,719 | +€79,133 | +13.9% |
| Other amounts receivable | 41 | €27,852 | €42,107 | +€14,255 | +51.2% |
| Current investments | 50/53 | €0 | €100,306 | +€100,306 | |
| Cash at bank and in hand | 54/58 | €181,529 | €698,408 | +€516,879 | +285% |
| Deferred charges and accrued income | 490/1 | €0 | €1,777 | +€1,777 | |
| Total equity and liabilities | 10/49 | €3,426,037 | €3,931,010 | +€504,973 | +14.7% |
| Equity | 10/15 | €3,032,679 | €3,027,035 | -€5,644 | -0.2% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €472,129 | €464,270 | -€7,859 | -1.7% |
| Tax-exempt reserves | 132 | €26,609 | €18,750 | -€7,859 | -29.5% |
| Distributable reserves | 133 | €445,520 | €445,520 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,460,550 | €2,462,765 | +€2,215 | +0.1% |
| Amounts payable | 17/49 | €393,358 | €903,974 | +€510,617 | +130% |
| Amounts payable within one year | 42/48 | €393,358 | €903,974 | +€510,617 | +130% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €46,439 | €51,716 | +€5,276 | +11.4% |
| Suppliers | 440/4 | €46,439 | €51,716 | +€5,276 | +11.4% |
| Taxes, remuneration and social security | 45 | €46,918 | €52,259 | +€5,340 | +11.4% |
| Taxes | 450/3 | €7,198 | €22,268 | +€15,069 | +209% |
| Remuneration and social security | 454/9 | €39,720 | €29,991 | -€9,729 | -24.5% |
| Other amounts payable | 47/48 | €300,000 | €800,000 | +€500,000 | +167% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €141 | €10,095 | +€9,954 | +7,060% |
| Remuneration, social security and pensions | 62 | €402,692 | €358,305 | -€44,387 | -11.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,593 | €31,194 | +€601 | +2.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €7,325 | €25,667 | +€18,341 | +250% |
| Other operating charges | 640/8 | €19,096 | €18,589 | -€506 | -2.7% |
| Non-recurring operating charges | 66A | €1,404 | €0 | -€1,404 | -100% |
| Gross operating margin | 9900 | €1,116,018 | €1,460,989 | +€344,971 | +30.9% |
| Operating profit (loss) | 9901 | €654,908 | €1,027,235 | +€372,327 | +56.9% |
| Financial income | 75/76B | €21,336 | €25,946 | +€4,610 | +21.6% |
| Recurring financial income | 75 | €21,336 | €25,946 | +€4,610 | +21.6% |
| Financial charges | 65/66B | €22,919 | €20,450 | -€2,470 | -10.8% |
| Recurring financial charges | 65 | €22,919 | €20,450 | -€2,470 | -10.8% |
| Profit (loss) for the period before taxes | 9903 | €653,325 | €1,032,731 | +€379,406 | +58.1% |
| Income taxes | 67/77 | €141,231 | €238,374 | +€97,143 | +68.8% |
| Profit (loss) for the period | 9904 | €512,094 | €794,356 | +€282,263 | +55.1% |
| Transfer from tax-exempt reserves | 789 | €0 | €7,859 | +€7,859 | |
| Profit (loss) for the period to be appropriated | 9905 | €512,094 | €802,215 | +€290,122 | +56.7% |
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 20 October 2026 via checked.be.