M.A.V. CONSEIL: 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.
M.A.V. CONSEIL
Largest movements
- Tangible fixed assets -€9,398
down €9,398 (-6.3%), from €149,388 to €139,990
of which Land and buildings: -€9,264
- Cash -€2,449
down €2,449 (-75.4%), from €3,250 to €801
mainly Net result for the year (-€21,844) and Investment in fixed assets (net) (-€13,780)
- Profit (loss) carried forward -€21,844
down €21,844 (-12.9%), from -€169,872 to -€191,716
- Other debts +€15,988
new in 2025: €15,988
- Debts after one year -€6,955
down €6,955 (-2.3%), from €296,132 to €289,177
of which Financial debts: -€6,533
- Other operating charges +€2,474
up €2,474 (+421%), from €587 to €3,061
- Gross operating margin +€2,026
up €2,026 (+58.0%), from €3,496 to €5,522
- Financial charges -€1,089
down €1,089 (-49.1%), from €2,217 to €1,128
- Depreciation +€941
up €941 (+4.2%), from €22,237 to €23,178
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €154,765 | €141,932 | -€12,833 | -8.3% |
| Fixed assets | 21/28 | €149,388 | €139,990 | -€9,398 | -6.3% |
| Tangible fixed assets | 22/27 | €149,388 | €139,990 | -€9,398 | -6.3% |
| Land and buildings | 22 | €149,144 | €139,880 | -€9,264 | -6.2% |
| Furniture and vehicles | 24 | €244 | €110 | -€134 | -54.9% |
| Current assets | 29/58 | €5,377 | €1,942 | -€3,435 | -63.9% |
| Amounts receivable within one year | 40/41 | €1,947 | €961 | -€986 | -50.6% |
| Trade receivables | 40 | €423 | - | -€423 | |
| Other amounts receivable | 41 | €1,524 | €961 | -€563 | -36.9% |
| Current investments | 50/53 | €180 | €180 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €3,250 | €801 | -€2,449 | -75.4% |
| Total equity and liabilities | 10/49 | €154,765 | €141,932 | -€12,833 | -8.3% |
| Equity | 10/15 | -€147,922 | -€169,766 | -€21,844 | -14.8% |
| Contributions | 10/11 | €19,955 | €19,955 | = | 0.0% |
| Reserves | 13 | €1,995 | €1,995 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,995 | €1,995 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,995 | €1,995 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€169,872 | -€191,716 | -€21,844 | -12.9% |
| Amounts payable | 17/49 | €302,687 | €311,698 | +€9,011 | +3.0% |
| Amounts payable after more than one year | 17 | €296,132 | €289,177 | -€6,955 | -2.3% |
| Financial debts | 170/4 | €64,229 | €57,696 | -€6,533 | -10.2% |
| Other amounts payable | 178/9 | €231,903 | €231,481 | -€422 | -0.2% |
| Amounts payable within one year | 42/48 | €6,555 | €22,521 | +€15,966 | +244% |
| Current portion of amounts payable after more than one year | 42 | €6,439 | €6,533 | +€94 | +1.5% |
| Trade debts | 44 | €116 | - | -€116 | |
| Suppliers | 440/4 | €116 | - | -€116 | |
| Other amounts payable | 47/48 | - | €15,988 | +€15,988 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,237 | €23,178 | +€941 | +4.2% |
| Other operating charges | 640/8 | €587 | €3,061 | +€2,474 | +421% |
| Gross operating margin | 9900 | €3,496 | €5,522 | +€2,026 | +58.0% |
| Operating profit (loss) | 9901 | -€19,328 | -€20,717 | -€1,389 | -7.2% |
| Financial income | 75/76B | €1 | €1 | = | 0.0% |
| Recurring financial income | 75 | €1 | €1 | = | 0.0% |
| Financial charges | 65/66B | €2,217 | €1,128 | -€1,089 | -49.1% |
| Recurring financial charges | 65 | €2,217 | €1,128 | -€1,089 | -49.1% |
| Profit (loss) for the period before taxes | 9903 | -€21,544 | -€21,844 | -€300 | -1.4% |
| Profit (loss) for the period | 9904 | -€21,544 | -€21,844 | -€300 | -1.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€21,544 | -€21,844 | -€300 | -1.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.