MvS-Pack: 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-Pack
Largest movements
- Cash +€104,747
up €104,747 (+75.1%), from €139,542 to €244,289
mainly Net result for the year (+€92,651) and Receivables within one year (+€10,836)
- Receivables within one year -€10,836
down €10,836 (-87.4%), from €12,403 to €1,566
of which Other amounts receivable: -€9,916
- Reserves +€91,401
up €91,401 (+88.2%), from €103,601 to €195,002
of which Distributable reserves: +€91,401
- Other debts +€3,313
up €3,313 (+73.0%), from €4,540 to €7,853
- Gross operating margin -€30,166
down €30,166 (-18.1%), from €166,861 to €136,695
- Taxes -€6,188
down €6,188 (-12.6%), from €49,258 to €43,070
- Financial income -€2,880
down €2,880 (-100.0%), from €2,880 to €0
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 | €151,945 | €245,856 | +€93,911 | +61.8% |
| Current assets | 29/58 | €151,945 | €245,856 | +€93,911 | +61.8% |
| Amounts receivable within one year | 40/41 | €12,403 | €1,566 | -€10,836 | -87.4% |
| Trade receivables | 40 | €2,487 | €1,566 | -€921 | -37.0% |
| Other amounts receivable | 41 | €9,916 | €0 | -€9,916 | -100.0% |
| Cash at bank and in hand | 54/58 | €139,542 | €244,289 | +€104,747 | +75.1% |
| Total equity and liabilities | 10/49 | €151,945 | €245,856 | +€93,911 | +61.8% |
| Equity | 10/15 | €122,201 | €213,602 | +€91,401 | +74.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €103,601 | €195,002 | +€91,401 | +88.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Other | 1319 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €101,741 | €193,142 | +€91,401 | +89.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €29,743 | €32,253 | +€2,510 | +8.4% |
| Amounts payable within one year | 42/48 | €29,490 | €31,859 | +€2,369 | +8.0% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €458 | €0 | -€458 | -100.0% |
| Suppliers | 440/4 | €458 | €0 | -€458 | -100.0% |
| Taxes, remuneration and social security | 45 | €24,492 | €24,006 | -€486 | -2.0% |
| Taxes | 450/3 | €24,492 | €24,006 | -€486 | -2.0% |
| Other amounts payable | 47/48 | €4,540 | €7,853 | +€3,313 | +73.0% |
| Accrued charges and deferred income | 492/3 | €254 | €394 | +€141 | +55.5% |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | €166,861 | €136,695 | -€30,166 | -18.1% |
| Operating profit (loss) | 9901 | €166,356 | €136,175 | -€30,181 | -18.1% |
| Financial income | 75/76B | €2,880 | €0 | -€2,880 | -100.0% |
| Recurring financial income | 75 | €2,880 | €0 | -€2,880 | -100.0% |
| Financial charges | 65/66B | €899 | €454 | -€444 | -49.4% |
| Recurring financial charges | 65 | €899 | €454 | -€444 | -49.4% |
| Profit (loss) for the period before taxes | 9903 | €168,337 | €135,721 | -€32,616 | -19.4% |
| Income taxes | 67/77 | €49,258 | €43,070 | -€6,188 | -12.6% |
| Profit (loss) for the period | 9904 | €119,079 | €92,651 | -€26,428 | -22.2% |
| Profit (loss) for the period to be appropriated | 9905 | €119,079 | €92,651 | -€26,428 | -22.2% |
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 11 October 2026 via checked.be.