MVS Industrial Services: 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 Industrial Services
Largest movements
- Receivables within one year +€18,828
up €18,828 (+136%), from €13,824 to €32,652
of which Trade receivables: +€15,761
- Cash -€18,683
down €18,683 (-69.3%), from €26,974 to €8,291
mainly Other debts (-€32,007) and Receivables within one year (-€18,828)
- Deferred charges and accrued income -€3,307
down €3,307 (-69.0%), from €4,795 to €1,488
- Profit (loss) carried forward +€43,412
up €43,412 (+4,654%), from €933 to €44,345
- Other debts -€32,007
no longer reported in 2025 (was €32,007)
- Debts after one year -€7,672
no longer reported in 2025 (was €7,672)
- Trade debts -€3,037
down €3,037 (-86.0%), from €3,530 to €493
- Short-term financial debts -€2,367
no longer reported in 2025 (was €2,367)
- Financial charges -€3,349
down €3,349 (-53.9%), from €6,211 to €2,861
- Depreciation +€2,537
up €2,537 (+115%), from €2,199 to €4,736
- Taxes +€2,302
up €2,302 (+24.7%), from €9,332 to €11,634
- Gross operating margin +€1,445
up €1,445 (+2.3%), from €61,748 to €63,192
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €68,523 | €65,149 | -€3,374 | -4.9% |
| Fixed assets | 21/28 | €22,930 | €22,718 | -€212 | -0.9% |
| Tangible fixed assets | 22/27 | €22,930 | €22,718 | -€212 | -0.9% |
| Plant, machinery and equipment | 23 | €12,692 | €10,663 | -€2,029 | -16.0% |
| Furniture and vehicles | 24 | €10,238 | €12,055 | +€1,817 | +17.7% |
| Current assets | 29/58 | €45,593 | €42,431 | -€3,162 | -6.9% |
| Amounts receivable within one year | 40/41 | €13,824 | €32,652 | +€18,828 | +136% |
| Trade receivables | 40 | €11,858 | €27,619 | +€15,761 | +133% |
| Other amounts receivable | 41 | €1,966 | €5,033 | +€3,067 | +156% |
| Cash at bank and in hand | 54/58 | €26,974 | €8,291 | -€18,683 | -69.3% |
| Deferred charges and accrued income | 490/1 | €4,795 | €1,488 | -€3,307 | -69.0% |
| Total equity and liabilities | 10/49 | €68,523 | €65,149 | -€3,374 | -4.9% |
| Equity | 10/15 | €3,433 | €46,845 | +€43,412 | +1,265% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €933 | €44,345 | +€43,412 | +4,654% |
| Amounts payable | 17/49 | €65,090 | €18,304 | -€46,786 | -71.9% |
| Amounts payable after more than one year | 17 | €7,672 | - | -€7,672 | |
| Financial debts | 170/4 | €7,672 | - | -€7,672 | |
| Amounts payable within one year | 42/48 | €57,419 | €18,304 | -€39,114 | -68.1% |
| Current portion of amounts payable after more than one year | 42 | €9,383 | €7,672 | -€1,711 | -18.2% |
| Financial debts | 43 | €2,367 | - | -€2,367 | |
| Other loans | 439 | €2,367 | - | -€2,367 | |
| Trade debts | 44 | €3,530 | €493 | -€3,037 | -86.0% |
| Suppliers | 440/4 | €3,530 | €493 | -€3,037 | -86.0% |
| Taxes, remuneration and social security | 45 | €10,132 | €10,139 | +€8 | +0.1% |
| Taxes | 450/3 | €10,132 | €10,139 | +€8 | +0.1% |
| Other amounts payable | 47/48 | €32,007 | - | -€32,007 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,199 | €4,736 | +€2,537 | +115% |
| Other operating charges | 640/8 | €276 | €582 | +€306 | +111% |
| Non-recurring operating charges | 66A | €8,000 | - | -€8,000 | |
| Gross operating margin | 9900 | €61,748 | €63,192 | +€1,445 | +2.3% |
| Operating profit (loss) | 9901 | €51,273 | €57,874 | +€6,601 | +12.9% |
| Financial income | 75/76B | €72 | €33 | -€39 | -53.7% |
| Recurring financial income | 75 | €72 | €33 | -€39 | -53.7% |
| Financial charges | 65/66B | €6,211 | €2,861 | -€3,349 | -53.9% |
| Recurring financial charges | 65 | €6,211 | €2,861 | -€3,349 | -53.9% |
| Profit (loss) for the period before taxes | 9903 | €45,134 | €55,046 | +€9,911 | +22.0% |
| Income taxes | 67/77 | €9,332 | €11,634 | +€2,302 | +24.7% |
| Profit (loss) for the period | 9904 | €35,802 | €43,412 | +€7,610 | +21.3% |
| Profit (loss) for the period to be appropriated | 9905 | €35,802 | €43,412 | +€7,610 | +21.3% |
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 25 October 2026 via checked.be.