MV: what changed
MV
Largest movements
- Intangible fixed assets +€16,670
new in 2025: €16,670
- Receivables within one year +€12,467
new in 2025: €12,467
of which Trade receivables: +€9,780
- Tangible fixed assets +€9,951
new in 2025: €9,951
of which Plant, machinery and equipment: +€8,111
- Cash -€2,385
down €2,385 (-47.7%), from €5,000 to €2,615
mainly Investment in fixed assets (net) (-€38,223) and Receivables within one year (-€12,467)
- Other debts +€34,754
new in 2025: €34,754
- Trade debts +€7,568
new in 2025: €7,568
- Profit (loss) carried forward -€7,259
new in 2025: -€7,259
- Short-term financial debts +€1,979
new in 2025: €1,979
- Depreciation +€11,602
new in 2025: €11,602
- Gross operating margin +€5,790
new in 2025: €5,790
- Other operating charges +€1,081
new in 2025: €1,081
- Financial charges +€575
new in 2025: €575
- Financial income +€209
new in 2025: €209
Change in the result, 2024 to 2025
The net result is not in both sets of accounts. Without it the difference cannot be explained line by line.
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 | €5,000 | €42,042 | +€37,042 | +741% |
| Fixed assets | 21/28 | - | €26,621 | +€26,621 | |
| Intangible fixed assets | 21 | - | €16,670 | +€16,670 | |
| Tangible fixed assets | 22/27 | - | €9,951 | +€9,951 | |
| Plant, machinery and equipment | 23 | - | €8,111 | +€8,111 | |
| Furniture and vehicles | 24 | - | €1,841 | +€1,841 | |
| Current assets | 29/58 | €5,000 | €15,421 | +€10,421 | +208% |
| Amounts receivable within one year | 40/41 | - | €12,467 | +€12,467 | |
| Trade receivables | 40 | - | €9,780 | +€9,780 | |
| Other amounts receivable | 41 | - | €2,687 | +€2,687 | |
| Cash at bank and in hand | 54/58 | €5,000 | €2,615 | -€2,385 | -47.7% |
| Deferred charges and accrued income | 490/1 | - | €339 | +€339 | |
| Total equity and liabilities | 10/49 | €5,000 | €42,042 | +€37,042 | +741% |
| Equity | 10/15 | €5,000 | -€2,259 | -€7,259 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€7,259 | -€7,259 | |
| Amounts payable | 17/49 | - | €44,301 | +€44,301 | |
| Amounts payable within one year | 42/48 | - | €44,301 | +€44,301 | |
| Financial debts | 43 | - | €1,979 | +€1,979 | |
| Credit institutions | 430/8 | - | €1,979 | +€1,979 | |
| Trade debts | 44 | - | €7,568 | +€7,568 | |
| Suppliers | 440/4 | - | €7,568 | +€7,568 | |
| Other amounts payable | 47/48 | - | €34,754 | +€34,754 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €11,602 | +€11,602 | |
| Other operating charges | 640/8 | - | €1,081 | +€1,081 | |
| Gross operating margin | 9900 | - | €5,790 | +€5,790 | |
| Operating profit (loss) | 9901 | - | -€6,893 | -€6,893 | |
| Financial income | 75/76B | - | €209 | +€209 | |
| Recurring financial income | 75 | - | €209 | +€209 | |
| Financial charges | 65/66B | - | €575 | +€575 | |
| Recurring financial charges | 65 | - | €575 | +€575 | |
| Profit (loss) for the period before taxes | 9903 | - | -€7,259 | -€7,259 | |
| Profit (loss) for the period | 9904 | - | -€7,259 | -€7,259 | |
| Profit (loss) for the period to be appropriated | 9905 | - | -€7,259 | -€7,259 |
Next steps
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 4 November 2026 via checked.be.