Ma&VA Consultance: what changed
Ma&VA Consultance
Largest movements
- Current investments +€24,000
up €24,000 (+24.6%), from €97,500 to €121,500
- Cash +€15,233
up €15,233 (+60.6%), from €25,131 to €40,363
mainly Net result for the year (+€67,961) and Other debts (+€25,881)
- Receivables within one year +€3,273
up €3,273 (+6.3%), from €51,823 to €55,096
of which Other amounts receivable: +€3,724
- Tangible fixed assets -€2,771
down €2,771 (-21.0%), from €13,186 to €10,414
of which Land and buildings: -€1,856
- Other debts +€25,881
up €25,881 (+96.9%), from €26,719 to €52,600
- Profit (loss) carried forward +€7,961
up €7,961 (+5.4%), from €147,886 to €155,848
- Trade debts +€2,593
up €2,593 (+155%), from €1,671 to €4,263
- Gross operating margin +€22,988
up €22,988 (+35.3%), from €65,175 to €88,163
- Turnover +€8,664
up €8,664 (+6.3%), from €137,286 to €145,950
- Depreciation -€7,738
down €7,738 (-73.6%), from €10,509 to €2,771
- Purchases and services +€6,641
up €6,641 (+8.0%), from €82,740 to €89,382
- Taxes +€5,910
up €5,910 (+52.0%), from €11,366 to €17,276
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.
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 | €189,451 | €227,873 | +€38,422 | +20.3% |
| Fixed assets | 21/28 | €13,229 | €10,458 | -€2,771 | -20.9% |
| Tangible fixed assets | 22/27 | €13,186 | €10,414 | -€2,771 | -21.0% |
| Land and buildings | 22 | €11,171 | €9,314 | -€1,856 | -16.6% |
| Furniture and vehicles | 24 | €2,015 | €1,100 | -€915 | -45.4% |
| Financial fixed assets | 28 | €43 | €43 | = | 0.0% |
| Current assets | 29/58 | €176,222 | €217,415 | +€41,193 | +23.4% |
| Amounts receivable within one year | 40/41 | €51,823 | €55,096 | +€3,273 | +6.3% |
| Trade receivables | 40 | €46,189 | €45,738 | -€451 | -1.0% |
| Other amounts receivable | 41 | €5,634 | €9,358 | +€3,724 | +66.1% |
| Current investments | 50/53 | €97,500 | €121,500 | +€24,000 | +24.6% |
| Cash at bank and in hand | 54/58 | €25,131 | €40,363 | +€15,233 | +60.6% |
| Deferred charges and accrued income | 490/1 | €1,769 | €456 | -€1,313 | -74.2% |
| Total equity and liabilities | 10/49 | €189,451 | €227,873 | +€38,422 | +20.3% |
| Equity | 10/15 | €152,886 | €160,848 | +€7,961 | +5.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €147,886 | €155,848 | +€7,961 | +5.4% |
| Amounts payable | 17/49 | €36,564 | €67,025 | +€30,461 | +83.3% |
| Amounts payable within one year | 42/48 | €36,564 | €67,025 | +€30,461 | +83.3% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €1,671 | €4,263 | +€2,593 | +155% |
| Suppliers | 440/4 | €1,671 | €4,263 | +€2,593 | +155% |
| Taxes, remuneration and social security | 45 | €8,174 | €10,162 | +€1,987 | +24.3% |
| Taxes | 450/3 | €8,174 | €10,162 | +€1,987 | +24.3% |
| Remuneration and social security | 454/9 | €0 | €0 | = | |
| Other amounts payable | 47/48 | €26,719 | €52,600 | +€25,881 | +96.9% |
| Turnover | 70 | €137,286 | €145,950 | +€8,664 | +6.3% |
| Goods, raw materials, services and sundry goods | 60/61 | €82,740 | €89,382 | +€6,641 | +8.0% |
| Remuneration, social security and pensions | 62 | - | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,509 | €2,771 | -€7,738 | -73.6% |
| Other operating charges | 640/8 | €295 | - | -€295 | |
| Gross operating margin | 9900 | €65,175 | €88,163 | +€22,988 | +35.3% |
| Operating profit (loss) | 9901 | €54,371 | €85,392 | +€31,021 | +57.1% |
| Financial income | 75/76B | - | €40 | +€40 | |
| Recurring financial income | 75 | - | €40 | +€40 | |
| Non-recurring financial income | 76B | - | €40 | +€40 | |
| Financial charges | 65/66B | €633 | €194 | -€438 | -69.3% |
| Recurring financial charges | 65 | €633 | €194 | -€438 | -69.3% |
| Profit (loss) for the period before taxes | 9903 | €53,738 | €85,237 | +€31,499 | +58.6% |
| Income taxes | 67/77 | €11,366 | €17,276 | +€5,910 | +52.0% |
| Profit (loss) for the period | 9904 | €42,372 | €67,961 | +€25,589 | +60.4% |
| Profit (loss) for the period to be appropriated | 9905 | €42,372 | €67,961 | +€25,589 | +60.4% |
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 2 November 2026 via checked.be.