MZVH Holding: what changed
What changed
MZVH Holding
filed annual accounts (NBB)
Net result for the year
€1.1m
2024 · €1.8m-€762,623
Equity
€2.9m
2024 · €1.9m+€1.1m
Cash
€1,802
2024 · €7,132-€5,329
Balance sheet total
€2.9m
2024 · €1.9m+€1.1m
Largest movements
Assets
- Receivables within one year +€1.1m
up €1.1m (+59.3%), from €1.8m to €2.9m
Equity and liabilities
- Reserves +€1.1m
up €1.1m (+58.5%), from €1.8m to €2.9m
Income statement
- Financial income -€761,536
down €761,536 (-41.5%), from €1.8m to €1.1m
- Other operating charges +€400
new in 2025: €400
- Financial charges +€356
up €356 (+157%), from €227 to €583
- Gross operating margin -€331
down €331 (-8.1%), from -€4,073 to -€4,404
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.
Result 2024
€1.8m
Gross operating margin
-€331
Other operating charges
-€400
Financial income
-€761,536
Financial charges
-€356
Result 2025
€1.1m
lowers the result
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.
From operations
-€5,329
Investment
€0
Financing
€0
Cash 2024
€7,132
From operations (derived)
-€5,329
Net result for the year
+€1.1m
Receivables within one year
-€1.1m
Trade debts
+€54
Cash 2025
€1,802
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,850,973 | €2,917,789 | +€1.1m | +57.6% |
| Fixed assets | 21/28 | €35,000 | €35,000 | = | 0.0% |
| Financial fixed assets | 28 | €35,000 | €35,000 | = | 0.0% |
| Current assets | 29/58 | €1,815,973 | €2,882,789 | +€1.1m | +58.7% |
| Amounts receivable within one year | 40/41 | €1,808,842 | €2,880,987 | +€1.1m | +59.3% |
| Other amounts receivable | 41 | €1,808,842 | €2,880,987 | +€1.1m | +59.3% |
| Cash at bank and in hand | 54/58 | €7,132 | €1,802 | -€5,329 | -74.7% |
| Total equity and liabilities | 10/49 | €1,850,973 | €2,917,789 | +€1.1m | +57.6% |
| Equity | 10/15 | €1,850,048 | €2,916,809 | +€1.1m | +57.7% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €1,825,048 | €2,891,809 | +€1.1m | +58.5% |
| Distributable reserves | 133 | €1,825,048 | €2,891,809 | +€1.1m | +58.5% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €926 | €980 | +€54 | +5.9% |
| Amounts payable within one year | 42/48 | €926 | €980 | +€54 | +5.9% |
| Trade debts | 44 | €926 | €980 | +€54 | +5.9% |
| Suppliers | 440/4 | €926 | €980 | +€54 | +5.9% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | - | €400 | +€400 | |
| Gross operating margin | 9900 | -€4,073 | -€4,404 | -€331 | -8.1% |
| Operating profit (loss) | 9901 | -€4,073 | -€4,804 | -€731 | -17.9% |
| Financial income | 75/76B | €1,833,685 | €1,072,148 | -€761,536 | -41.5% |
| Recurring financial income | 75 | €1,833,685 | €1,072,148 | -€761,536 | -41.5% |
| Financial charges | 65/66B | €227 | €583 | +€356 | +157% |
| Recurring financial charges | 65 | €227 | €583 | +€356 | +157% |
| Profit (loss) for the period before taxes | 9903 | €1,829,385 | €1,066,762 | -€762,623 | -41.7% |
| Profit (loss) for the period | 9904 | €1,829,385 | €1,066,762 | -€762,623 | -41.7% |
| Profit (loss) for the period to be appropriated | 9905 | €1,829,385 | €1,066,762 | -€762,623 | -41.7% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.