Accountancy MAV: what changed
What changed
Accountancy MAV
NACE 69.201, Certified accountants and tax accountants
filed annual accounts (NBB)
Net result for the year
€55,149
2024 · €49,263+€5,886
Equity
€213,801
2024 · €164,652+€49,149
Cash
€114,760
2024 · €91,595+€23,166
Balance sheet total
€244,258
2024 · €190,694+€53,564
Largest movements
Assets
- Current investments +€33,821
up €33,821 (+53.7%), from €63,035 to €96,855
- Cash +€23,166
up €23,166 (+25.3%), from €91,595 to €114,760
mainly Net result for the year (+€55,149) and Depreciation (+€4,898)
- Tangible fixed assets -€4,898
down €4,898 (-93.8%), from €5,224 to €326
of which Furniture and vehicles: -€4,664
Equity and liabilities
- Reserves +€49,100
up €49,100 (+32.3%), from €151,860 to €200,960
- Accrued charges and deferred income +€3,594
up €3,594 (+101%), from €3,569 to €7,163
Income statement
- Gross operating margin +€7,039
up €7,039 (+9.8%), from €71,735 to €78,774
- Taxes +€2,075
up €2,075 (+10.9%), from €19,096 to €21,170
- Financial income +€977
up €977 (+34.1%), from €2,866 to €3,843
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
€49,263
Gross operating margin
+€7,039
Depreciation
+€94
Other operating charges
-€33
Financial income
+€977
Financial charges
-€117
Taxes
-€2,075
Result 2025
€55,149
raises the resultlowers 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
+€62,986
Investment
-€33,821
Financing
-€6,000
Cash 2024
€91,595
From operations (derived)
+€62,986
Net result for the year
+€55,149
Depreciation
+€4,898
Receivables within one year
-€1,685
Deferred charges and accrued income
+€208
Trade debts
-€887
Tax, wage and social debts
+€1,708
Accrued charges and deferred income
+€3,594
Investment (derived)
-€33,821
Current investments
-€33,821
Financing
-€6,000
Contributions, distributions and other
-€6,000
Cash 2025
€114,760
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €190,694 | €244,258 | +€53,564 | +28.1% |
| Fixed assets | 21/28 | €5,224 | €326 | -€4,898 | -93.8% |
| Tangible fixed assets | 22/27 | €5,224 | €326 | -€4,898 | -93.8% |
| Plant, machinery and equipment | 23 | €560 | €326 | -€234 | -41.8% |
| Furniture and vehicles | 24 | €4,664 | €0 | -€4,664 | -100% |
| Current assets | 29/58 | €185,470 | €243,932 | +€58,463 | +31.5% |
| Amounts receivable within one year | 40/41 | €27,052 | €28,736 | +€1,685 | +6.2% |
| Trade receivables | 40 | €27,052 | €28,736 | +€1,685 | +6.2% |
| Current investments | 50/53 | €63,035 | €96,855 | +€33,821 | +53.7% |
| Cash at bank and in hand | 54/58 | €91,595 | €114,760 | +€23,166 | +25.3% |
| Deferred charges and accrued income | 490/1 | €3,789 | €3,580 | -€208 | -5.5% |
| Total equity and liabilities | 10/49 | €190,694 | €244,258 | +€53,564 | +28.1% |
| Equity | 10/15 | €164,652 | €213,801 | +€49,149 | +29.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €151,860 | €200,960 | +€49,100 | +32.3% |
| Distributable reserves | 133 | €151,860 | €200,960 | +€49,100 | +32.3% |
| Profit (loss) carried forward | 14 | €6,592 | €6,641 | +€49 | +0.8% |
| Amounts payable | 17/49 | €26,042 | €30,457 | +€4,415 | +17.0% |
| Amounts payable within one year | 42/48 | €22,473 | €23,294 | +€821 | +3.7% |
| Trade debts | 44 | €1,040 | €153 | -€887 | -85.3% |
| Suppliers | 440/4 | €1,040 | €153 | -€887 | -85.3% |
| Advances received on contracts in progress | 46 | €3,810 | €3,810 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €11,924 | €13,632 | +€1,708 | +14.3% |
| Taxes | 450/3 | €11,924 | €13,632 | +€1,708 | +14.3% |
| Other amounts payable | 47/48 | €5,700 | €5,700 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €3,569 | €7,163 | +€3,594 | +101% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,992 | €4,898 | -€94 | -1.9% |
| Other operating charges | 640/8 | €960 | €993 | +€33 | +3.4% |
| Gross operating margin | 9900 | €71,735 | €78,774 | +€7,039 | +9.8% |
| Operating profit (loss) | 9901 | €65,783 | €72,883 | +€7,100 | +10.8% |
| Financial income | 75/76B | €2,866 | €3,843 | +€977 | +34.1% |
| Recurring financial income | 75 | €2,866 | €3,843 | +€977 | +34.1% |
| Financial charges | 65/66B | €289 | €406 | +€117 | +40.5% |
| Recurring financial charges | 65 | €289 | €406 | +€117 | +40.5% |
| Profit (loss) for the period before taxes | 9903 | €68,359 | €76,320 | +€7,961 | +11.6% |
| Income taxes | 67/77 | €19,096 | €21,170 | +€2,075 | +10.9% |
| Profit (loss) for the period | 9904 | €49,263 | €55,149 | +€5,886 | +11.9% |
| Profit (loss) for the period to be appropriated | 9905 | €49,263 | €55,149 | +€5,886 | +11.9% |
Next steps
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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 8 November 2026 via checked.be.