MVS SERVICE: 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 SERVICE
Largest movements
- Receivables within one year +€22,502
up €22,502 (+31.1%), from €72,276 to €94,778
of which Trade receivables: +€14,215
- Cash +€11,759
up €11,759 (+47.4%), from €24,833 to €36,593
mainly Net result for the year (+€34,647) and Investment in fixed assets (net) (+€7,298)
- Tangible fixed assets -€9,056
down €9,056 (-49.6%), from €18,271 to €9,215
of which Furniture and vehicles: -€12,108
- Deferred charges and accrued income +€5,979
up €5,979 (+120%), from €5,000 to €10,979
- Reserves +€35,000
up €35,000 (+43.8%), from €79,884 to €114,884
- Current portion of long-term debt -€5,348
down €5,348 (-57.3%), from €9,329 to €3,981
- Trade debts +€4,087
up €4,087 (+32.9%), from €12,409 to €16,495
- Debts after one year -€3,981
down €3,981 (-100%), from €3,981 to €0
- Tax, wage and social debts +€2,000
up €2,000 (+11.3%), from €17,731 to €19,731
of which Remuneration and social security: +€4,268
- Staff costs +€32,063
up €32,063 (+57.0%), from €56,238 to €88,301
- Gross operating margin +€24,235
up €24,235 (+20.6%), from €117,592 to €141,827
- Depreciation -€13,417
down €13,417 (-88.4%), from €15,175 to €1,758
- Financial income +€4,820
up €4,820 (+657%), from €734 to €5,555
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 | €128,202 | €159,606 | +€31,404 | +24.5% |
| Fixed assets | 21/28 | €18,271 | €9,215 | -€9,056 | -49.6% |
| Tangible fixed assets | 22/27 | €18,271 | €9,215 | -€9,056 | -49.6% |
| Land and buildings | 22 | - | €3,201 | +€3,201 | |
| Plant, machinery and equipment | 23 | €476 | €327 | -€150 | -31.4% |
| Furniture and vehicles | 24 | €17,795 | €5,687 | -€12,108 | -68.0% |
| Current assets | 29/58 | €109,931 | €150,391 | +€40,460 | +36.8% |
| Stocks and contracts in progress | 3 | €7,822 | €8,041 | +€219 | +2.8% |
| Stocks | 30/36 | €7,822 | €8,041 | +€219 | +2.8% |
| Amounts receivable within one year | 40/41 | €72,276 | €94,778 | +€22,502 | +31.1% |
| Trade receivables | 40 | €3,488 | €17,704 | +€14,215 | +408% |
| Other amounts receivable | 41 | €68,788 | €77,075 | +€8,287 | +12.0% |
| Cash at bank and in hand | 54/58 | €24,833 | €36,593 | +€11,759 | +47.4% |
| Deferred charges and accrued income | 490/1 | €5,000 | €10,979 | +€5,979 | +120% |
| Total equity and liabilities | 10/49 | €128,202 | €159,606 | +€31,404 | +24.5% |
| Equity | 10/15 | €84,752 | €119,398 | +€34,647 | +40.9% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €79,884 | €114,884 | +€35,000 | +43.8% |
| Distributable reserves | 133 | €79,884 | €114,884 | +€35,000 | +43.8% |
| Profit (loss) carried forward | 14 | €868 | €514 | -€353 | -40.7% |
| Amounts payable | 17/49 | €43,450 | €40,208 | -€3,243 | -7.5% |
| Amounts payable after more than one year | 17 | €3,981 | €0 | -€3,981 | -100% |
| Financial debts | 170/4 | €3,981 | €0 | -€3,981 | -100% |
| Amounts payable within one year | 42/48 | €39,469 | €40,208 | +€738 | +1.9% |
| Current portion of amounts payable after more than one year | 42 | €9,329 | €3,981 | -€5,348 | -57.3% |
| Trade debts | 44 | €12,409 | €16,495 | +€4,087 | +32.9% |
| Suppliers | 440/4 | €12,409 | €16,495 | +€4,087 | +32.9% |
| Taxes, remuneration and social security | 45 | €17,731 | €19,731 | +€2,000 | +11.3% |
| Taxes | 450/3 | €6,276 | €4,008 | -€2,268 | -36.1% |
| Remuneration and social security | 454/9 | €11,455 | €15,723 | +€4,268 | +37.3% |
| Remuneration, social security and pensions | 62 | €56,238 | €88,301 | +€32,063 | +57.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,175 | €1,758 | -€13,417 | -88.4% |
| Other operating charges | 640/8 | €2,281 | €1,311 | -€970 | -42.5% |
| Non-recurring operating charges | 66A | - | €9,047 | +€9,047 | |
| Gross operating margin | 9900 | €117,592 | €141,827 | +€24,235 | +20.6% |
| Operating profit (loss) | 9901 | €43,898 | €41,409 | -€2,488 | -5.7% |
| Financial income | 75/76B | €734 | €5,555 | +€4,820 | +657% |
| Recurring financial income | 75 | €734 | €5,555 | +€4,820 | +657% |
| Financial charges | 65/66B | €1,221 | €1,238 | +€17 | +1.4% |
| Recurring financial charges | 65 | €1,221 | €1,238 | +€17 | +1.4% |
| Profit (loss) for the period before taxes | 9903 | €43,411 | €45,726 | +€2,315 | +5.3% |
| Income taxes | 67/77 | €11,853 | €11,079 | -€774 | -6.5% |
| Profit (loss) for the period | 9904 | €31,558 | €34,647 | +€3,088 | +9.8% |
| Profit (loss) for the period to be appropriated | 9905 | €31,558 | €34,647 | +€3,088 | +9.8% |
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 21 October 2026 via checked.be.