MA-Reva: 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.
MA-Reva
Largest movements
- Cash -€99,010
down €99,010 (-71.9%), from €137,698 to €38,688
mainly Contributions, distributions and other (-€64,111) and Other debts (-€46,314)
- Tangible fixed assets +€32,071
up €32,071 (+1,023%), from €3,134 to €35,205
- Deferred charges and accrued income +€18,084
up €18,084 (+474%), from €3,814 to €21,897
- Other debts -€46,314
down €46,314 (-91.1%), from €50,849 to €4,535
- Tax, wage and social debts +€28,070
up €28,070 (+194%), from €14,459 to €42,529
of which Taxes: +€25,070
- Profit (loss) carried forward -€17,348
down €17,348 (-27.1%), from €64,111 to €46,763
- Trade debts -€13,146
down €13,146 (-90.0%), from €14,609 to €1,463
- Gross operating margin +€3,063
up €3,063 (+4.9%), from €62,806 to €65,869
- Taxes +€1,724
up €1,724 (+13.7%), from €12,608 to €14,332
- Depreciation +€1,013
up €1,013 (+28.3%), from €3,579 to €4,592
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 | €144,646 | €95,790 | -€48,856 | -33.8% |
| Fixed assets | 21/28 | €3,134 | €35,205 | +€32,071 | +1,023% |
| Tangible fixed assets | 22/27 | €3,134 | €35,205 | +€32,071 | +1,023% |
| Furniture and vehicles | 24 | €3,134 | €35,205 | +€32,071 | +1,023% |
| Current assets | 29/58 | €141,512 | €60,585 | -€80,927 | -57.2% |
| Cash at bank and in hand | 54/58 | €137,698 | €38,688 | -€99,010 | -71.9% |
| Deferred charges and accrued income | 490/1 | €3,814 | €21,897 | +€18,084 | +474% |
| Total equity and liabilities | 10/49 | €144,646 | €95,790 | -€48,856 | -33.8% |
| Equity | 10/15 | €64,611 | €47,263 | -€17,348 | -26.9% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €64,111 | €46,763 | -€17,348 | -27.1% |
| Amounts payable | 17/49 | €80,035 | €48,527 | -€31,508 | -39.4% |
| Amounts payable within one year | 42/48 | €79,916 | €48,527 | -€31,389 | -39.3% |
| Trade debts | 44 | €14,609 | €1,463 | -€13,146 | -90.0% |
| Suppliers | 440/4 | €14,609 | €1,463 | -€13,146 | -90.0% |
| Taxes, remuneration and social security | 45 | €14,459 | €42,529 | +€28,070 | +194% |
| Taxes | 450/3 | €14,459 | €39,529 | +€25,070 | +173% |
| Remuneration and social security | 454/9 | - | €3,000 | +€3,000 | |
| Other amounts payable | 47/48 | €50,849 | €4,535 | -€46,314 | -91.1% |
| Accrued charges and deferred income | 492/3 | €119 | - | -€119 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,579 | €4,592 | +€1,013 | +28.3% |
| Other operating charges | 640/8 | €80 | €80 | = | 0.0% |
| Gross operating margin | 9900 | €62,806 | €65,869 | +€3,063 | +4.9% |
| Operating profit (loss) | 9901 | €59,146 | €61,196 | +€2,050 | +3.5% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €140 | €103 | -€37 | -26.3% |
| Recurring financial charges | 65 | €140 | €103 | -€37 | -26.3% |
| Profit (loss) for the period before taxes | 9903 | €59,007 | €61,094 | +€2,088 | +3.5% |
| Income taxes | 67/77 | €12,608 | €14,332 | +€1,724 | +13.7% |
| Profit (loss) for the period | 9904 | €46,399 | €46,763 | +€364 | +0.8% |
| Profit (loss) for the period to be appropriated | 9905 | €46,399 | €46,763 | +€364 | +0.8% |
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 22 October 2026 via checked.be.