MVSB: 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
MVSB
NACE 56.111, Full-service restaurants
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€7,739
2024 · €14,444-€6,705
Equity
€18,084
2024 · €10,345+€7,739
Cash
€19,757
2024 · €18,727+€1,030
Balance sheet total
€173,110
2024 · €193,176-€20,067
Largest movements
Assets
- Tangible fixed assets -€16,443
down €16,443 (-12.6%), from €130,823 to €114,380
- Intangible fixed assets -€2,000
down €2,000 (-24.0%), from €8,339 to €6,339
Equity and liabilities
- Debts after one year -€26,755
down €26,755 (-100%), from €26,755 to €0
- Current portion of long-term debt -€20,384
down €20,384 (-43.2%), from €47,138 to €26,755
- Trade debts +€17,221
up €17,221 (+34.8%), from €49,517 to €66,738
- Profit (loss) carried forward +€7,739
up €7,739 (+15.0%), from -€51,655 to -€43,916
Income statement
- Staff costs +€12,418
up €12,418 (+4.9%), from €254,480 to €266,898
- Other operating charges -€5,576
down €5,576 (-68.9%), from €8,098 to €2,522
- Gross operating margin -€4,314
down €4,314 (-1.4%), from €317,075 to €312,761
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
€14,444
Gross operating margin
-€4,314
Staff costs
-€12,418
Depreciation
+€3,067
Other operating charges
+€5,576
Financial income
-€492
Financial charges
+€1,655
Taxes
+€222
Result 2025
€7,739
raises the resultlowers the result
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
+€60,902
Investment
-€12,734
Financing
-€47,138
Cash 2024
€18,727
From operations (derived)
+€60,902
Net result for the year
+€7,739
Depreciation
+€31,177
Receivables after one year
+€1,227
Stocks and contracts
+€1,862
Receivables within one year
-€1,246
Deferred charges and accrued income
+€809
Trade debts
+€17,221
Tax, wage and social debts
+€900
Other debts
+€1,212
Investment (derived)
-€12,734
Investment in fixed assets (net)
-€12,734
Financing
-€47,138
Debts after one year
-€26,755
Current portion of long-term debt
-€20,384
Cash 2025
€19,757
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €193,176 | €173,110 | -€20,067 | -10.4% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €139,522 | €121,079 | -€18,443 | -13.2% |
| Intangible fixed assets | 21 | €8,339 | €6,339 | -€2,000 | -24.0% |
| Tangible fixed assets | 22/27 | €130,823 | €114,380 | -€16,443 | -12.6% |
| Plant, machinery and equipment | 23 | €89,447 | €82,421 | -€7,026 | -7.9% |
| Furniture and vehicles | 24 | €17,185 | €11,938 | -€5,248 | -30.5% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Other tangible fixed assets | 26 | €24,191 | €20,022 | -€4,169 | -17.2% |
| Financial fixed assets | 28 | €360 | €360 | = | 0.0% |
| Current assets | 29/58 | €53,654 | €52,031 | -€1,624 | -3.0% |
| Amounts receivable after more than one year | 29 | €1,227 | €0 | -€1,227 | -100% |
| Trade receivables | 290 | €1,227 | €0 | -€1,227 | -100% |
| Stocks and contracts in progress | 3 | €25,372 | €23,510 | -€1,862 | -7.3% |
| Stocks | 30/36 | €25,372 | €23,510 | -€1,862 | -7.3% |
| Amounts receivable within one year | 40/41 | €3,478 | €4,724 | +€1,246 | +35.8% |
| Trade receivables | 40 | €1,176 | €2,394 | +€1,218 | +104% |
| Other amounts receivable | 41 | €2,302 | €2,330 | +€28 | +1.2% |
| Cash at bank and in hand | 54/58 | €18,727 | €19,757 | +€1,030 | +5.5% |
| Deferred charges and accrued income | 490/1 | €4,849 | €4,040 | -€809 | -16.7% |
| Total equity and liabilities | 10/49 | €193,176 | €173,110 | -€20,067 | -10.4% |
| Equity | 10/15 | €10,345 | €18,084 | +€7,739 | +74.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €42,000 | €42,000 | = | 0.0% |
| Distributable reserves | 133 | €42,000 | €42,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€51,655 | -€43,916 | +€7,739 | +15.0% |
| Amounts payable | 17/49 | €182,831 | €155,025 | -€27,806 | -15.2% |
| Amounts payable after more than one year | 17 | €26,755 | €0 | -€26,755 | -100% |
| Financial debts | 170/4 | €26,755 | €0 | -€26,755 | -100% |
| Amounts payable within one year | 42/48 | €156,077 | €155,025 | -€1,051 | -0.7% |
| Current portion of amounts payable after more than one year | 42 | €47,138 | €26,755 | -€20,384 | -43.2% |
| Trade debts | 44 | €49,517 | €66,738 | +€17,221 | +34.8% |
| Suppliers | 440/4 | €49,517 | €66,738 | +€17,221 | +34.8% |
| Taxes, remuneration and social security | 45 | €57,104 | €58,003 | +€900 | +1.6% |
| Taxes | 450/3 | €23,026 | €22,508 | -€519 | -2.3% |
| Remuneration and social security | 454/9 | €34,077 | €35,496 | +€1,418 | +4.2% |
| Other amounts payable | 47/48 | €2,317 | €3,529 | +€1,212 | +52.3% |
| Remuneration, social security and pensions | 62 | €254,480 | €266,898 | +€12,418 | +4.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,243 | €31,177 | -€3,067 | -9.0% |
| Other operating charges | 640/8 | €8,098 | €2,522 | -€5,576 | -68.9% |
| Gross operating margin | 9900 | €317,075 | €312,761 | -€4,314 | -1.4% |
| Operating profit (loss) | 9901 | €20,252 | €12,163 | -€8,089 | -39.9% |
| Financial income | 75/76B | €645 | €152 | -€492 | -76.4% |
| Recurring financial income | 75 | €645 | €152 | -€492 | -76.4% |
| Financial charges | 65/66B | €5,682 | €4,027 | -€1,655 | -29.1% |
| Recurring financial charges | 65 | €5,682 | €4,027 | -€1,655 | -29.1% |
| Profit (loss) for the period before taxes | 9903 | €15,216 | €8,289 | -€6,927 | -45.5% |
| Income taxes | 67/77 | €772 | €550 | -€222 | -28.8% |
| Profit (loss) for the period | 9904 | €14,444 | €7,739 | -€6,705 | -46.4% |
| Profit (loss) for the period to be appropriated | 9905 | €14,444 | €7,739 | -€6,705 | -46.4% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.