MVV MARINE: what changed
MVV MARINE
Largest movements
- Tangible fixed assets +€304,592
new in 2025: €304,592
of which Land and buildings: +€302,889
- Cash -€239,207
down €239,207 (-63.4%), from €377,391 to €138,185
mainly Investment in fixed assets (net) (-€351,032) and Receivables within one year (-€94,986)
- Receivables within one year +€94,986
up €94,986 (+95.5%), from €99,426 to €194,412
of which Other amounts receivable: +€85,716
- Reserves +€100,000
up €100,000 (+33.9%), from €295,000 to €395,000
- Tax, wage and social debts -€90,674
down €90,674 (-72.6%), from €124,975 to €34,301
- Debts after one year +€79,482
up €79,482 (+77.7%), from €102,259 to €181,741
- Trade debts +€49,471
up €49,471 (+1,518%), from €3,259 to €52,730
- Current portion of long-term debt +€16,751
up €16,751 (+66.1%), from €25,338 to €42,089
- Gross operating margin -€192,578
down €192,578 (-43.9%), from €438,202 to €245,624
- Taxes -€60,387
down €60,387 (-53.8%), from €112,295 to €51,909
- Depreciation +€41,544
up €41,544 (+849%), from €4,895 to €46,439
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,314,784 | €1,474,683 | +€159,900 | +12.2% |
| Fixed assets | 21/28 | €836,552 | €1,141,144 | +€304,592 | +36.4% |
| Tangible fixed assets | 22/27 | - | €304,592 | +€304,592 | |
| Land and buildings | 22 | - | €302,889 | +€302,889 | |
| Furniture and vehicles | 24 | - | €1,704 | +€1,704 | |
| Financial fixed assets | 28 | €836,552 | €836,552 | = | 0.0% |
| Current assets | 29/58 | €478,232 | €333,539 | -€144,693 | -30.3% |
| Amounts receivable within one year | 40/41 | €99,426 | €194,412 | +€94,986 | +95.5% |
| Trade receivables | 40 | €36,376 | €45,645 | +€9,270 | +25.5% |
| Other amounts receivable | 41 | €63,051 | €148,767 | +€85,716 | +136% |
| Cash at bank and in hand | 54/58 | €377,391 | €138,185 | -€239,207 | -63.4% |
| Deferred charges and accrued income | 490/1 | €1,414 | €942 | -€472 | -33.4% |
| Total equity and liabilities | 10/49 | €1,314,784 | €1,474,683 | +€159,900 | +12.2% |
| Equity | 10/15 | €1,058,952 | €1,163,822 | +€104,870 | +9.9% |
| Contributions | 10/11 | €14,260 | €14,260 | = | 0.0% |
| Reserves | 13 | €295,000 | €395,000 | +€100,000 | +33.9% |
| Distributable reserves | 133 | €295,000 | €395,000 | +€100,000 | +33.9% |
| Profit (loss) carried forward | 14 | €749,692 | €754,562 | +€4,870 | +0.6% |
| Amounts payable | 17/49 | €255,831 | €310,861 | +€55,030 | +21.5% |
| Amounts payable after more than one year | 17 | €102,259 | €181,741 | +€79,482 | +77.7% |
| Financial debts | 170/4 | €102,259 | €181,741 | +€79,482 | +77.7% |
| Amounts payable within one year | 42/48 | €153,572 | €129,120 | -€24,452 | -15.9% |
| Current portion of amounts payable after more than one year | 42 | €25,338 | €42,089 | +€16,751 | +66.1% |
| Trade debts | 44 | €3,259 | €52,730 | +€49,471 | +1,518% |
| Suppliers | 440/4 | €3,259 | €52,730 | +€49,471 | +1,518% |
| Taxes, remuneration and social security | 45 | €124,975 | €34,301 | -€90,674 | -72.6% |
| Taxes | 450/3 | €124,975 | €34,301 | -€90,674 | -72.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,895 | €46,439 | +€41,544 | +849% |
| Other operating charges | 640/8 | €3,252 | €3,628 | +€376 | +11.6% |
| Gross operating margin | 9900 | €438,202 | €245,624 | -€192,578 | -43.9% |
| Operating profit (loss) | 9901 | €430,055 | €195,557 | -€234,498 | -54.5% |
| Financial income | 75/76B | €2,423 | €4,348 | +€1,925 | +79.5% |
| Recurring financial income | 75 | €2,423 | €4,348 | +€1,925 | +79.5% |
| Financial charges | 65/66B | €39,266 | €43,126 | +€3,860 | +9.8% |
| Recurring financial charges | 65 | €39,266 | €43,126 | +€3,860 | +9.8% |
| Profit (loss) for the period before taxes | 9903 | €393,212 | €156,779 | -€236,433 | -60.1% |
| Income taxes | 67/77 | €112,295 | €51,909 | -€60,387 | -53.8% |
| Profit (loss) for the period | 9904 | €280,917 | €104,870 | -€176,047 | -62.7% |
| Profit (loss) for the period to be appropriated | 9905 | €280,917 | €104,870 | -€176,047 | -62.7% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.