MA-VIAN: 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-VIAN
Largest movements
- Receivables within one year +€34,678
up €34,678 (+91.4%), from €37,927 to €72,605
of which Trade receivables: +€18,996
- Cash +€24,396
up €24,396 (+76.2%), from €32,013 to €56,409
mainly Net result for the year (+€54,951) and Other debts (+€16,603)
- Tangible fixed assets -€12,184
down €12,184 (-21.8%), from €55,843 to €43,659
- Reserves +€53,291
up €53,291 (+82.1%), from €64,938 to €118,229
- Debts after one year -€30,000
no longer reported in 2025 (was €30,000)
- Other debts +€16,603
up €16,603 (+72.4%), from €22,936 to €39,539
- Trade debts +€3,923
up €3,923 (+792%), from €496 to €4,418
- Accrued charges and deferred income +€2,704
up €2,704 (+539%), from €502 to €3,206
- Depreciation +€7,107
up €7,107 (+140%), from €5,077 to €12,184
- Gross operating margin -€5,922
down €5,922 (-6.0%), from €98,107 to €92,185
- Taxes -€3,541
down €3,541 (-13.8%), from €25,613 to €22,072
- Financial charges +€2,237
up €2,237 (+342%), from €654 to €2,891
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 | €130,510 | €176,594 | +€46,084 | +35.3% |
| Fixed assets | 21/28 | €55,843 | €43,659 | -€12,184 | -21.8% |
| Tangible fixed assets | 22/27 | €55,843 | €43,659 | -€12,184 | -21.8% |
| Furniture and vehicles | 24 | €55,843 | €43,659 | -€12,184 | -21.8% |
| Current assets | 29/58 | €74,667 | €132,935 | +€58,268 | +78.0% |
| Amounts receivable within one year | 40/41 | €37,927 | €72,605 | +€34,678 | +91.4% |
| Trade receivables | 40 | €36,524 | €55,520 | +€18,996 | +52.0% |
| Other amounts receivable | 41 | €1,403 | €17,086 | +€15,683 | +1,118% |
| Cash at bank and in hand | 54/58 | €32,013 | €56,409 | +€24,396 | +76.2% |
| Deferred charges and accrued income | 490/1 | €4,728 | €3,921 | -€807 | -17.1% |
| Total equity and liabilities | 10/49 | €130,510 | €176,594 | +€46,084 | +35.3% |
| Equity | 10/15 | €65,188 | €118,479 | +€53,291 | +81.7% |
| Contributions | 10/11 | €250 | €250 | = | 0.0% |
| Reserves | 13 | €64,938 | €118,229 | +€53,291 | +82.1% |
| Distributable reserves | 133 | €64,938 | €118,229 | +€53,291 | +82.1% |
| Amounts payable | 17/49 | €65,322 | €58,115 | -€7,207 | -11.0% |
| Amounts payable after more than one year | 17 | €30,000 | - | -€30,000 | |
| Financial debts | 170/4 | €30,000 | - | -€30,000 | |
| Amounts payable within one year | 42/48 | €34,820 | €54,909 | +€20,089 | +57.7% |
| Trade debts | 44 | €496 | €4,418 | +€3,923 | +792% |
| Suppliers | 440/4 | €496 | €4,418 | +€3,923 | +792% |
| Taxes, remuneration and social security | 45 | €11,389 | €10,952 | -€436 | -3.8% |
| Taxes | 450/3 | €11,389 | €10,952 | -€436 | -3.8% |
| Other amounts payable | 47/48 | €22,936 | €39,539 | +€16,603 | +72.4% |
| Accrued charges and deferred income | 492/3 | €502 | €3,206 | +€2,704 | +539% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,077 | €12,184 | +€7,107 | +140% |
| Other operating charges | 640/8 | €237 | €321 | +€84 | +35.7% |
| Gross operating margin | 9900 | €98,107 | €92,185 | -€5,922 | -6.0% |
| Operating profit (loss) | 9901 | €92,794 | €79,680 | -€13,114 | -14.1% |
| Financial income | 75/76B | €61 | €234 | +€172 | +281% |
| Recurring financial income | 75 | €61 | €234 | +€172 | +281% |
| Financial charges | 65/66B | €654 | €2,891 | +€2,237 | +342% |
| Recurring financial charges | 65 | €654 | €2,891 | +€2,237 | +342% |
| Profit (loss) for the period before taxes | 9903 | €92,201 | €77,023 | -€15,178 | -16.5% |
| Income taxes | 67/77 | €25,613 | €22,072 | -€3,541 | -13.8% |
| Profit (loss) for the period | 9904 | €66,588 | €54,951 | -€11,637 | -17.5% |
| Profit (loss) for the period to be appropriated | 9905 | €66,588 | €54,951 | -€11,637 | -17.5% |
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 26 October 2026 via checked.be.