MAANVI: 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.
MAANVI
Largest movements
- Stocks and contracts +€15,036
up €15,036 (+90.2%), from €16,675 to €31,711
- Cash -€14,432
down €14,432 (-25.5%), from €56,511 to €42,079
mainly Stocks and contracts (-€15,036) and Tax, wage and social debts (-€8,990)
- Tax, wage and social debts -€8,990
down €8,990 (-42.4%), from €21,194 to €12,204
of which Remuneration and social security: -€11,126
- Trade debts +€8,622
up €8,622 (+229%), from €3,769 to €12,391
- Profit (loss) carried forward +€4,437
up €4,437 (+18.3%), from €24,280 to €28,717
- Short-term financial debts -€1,857
no longer reported in 2025 (was €1,857)
- Other debts -€1,608
down €1,608 (-53.8%), from €2,989 to €1,381
- Turnover -€44,910
down €44,910 (-12.2%), from €368,957 to €324,047
- Purchases and services -€43,411
down €43,411 (-12.4%), from €349,352 to €305,941
- Staff costs -€4,921
down €4,921 (-36.2%), from €13,588 to €8,667
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 | €73,317 | €73,921 | +€604 | +0.8% |
| Fixed assets | 21/28 | €131 | €131 | = | 0.0% |
| Financial fixed assets | 28 | €131 | €131 | = | 0.0% |
| Current assets | 29/58 | €73,186 | €73,790 | +€604 | +0.8% |
| Stocks and contracts in progress | 3 | €16,675 | €31,711 | +€15,036 | +90.2% |
| Stocks | 30/36 | €16,675 | €31,711 | +€15,036 | +90.2% |
| Cash at bank and in hand | 54/58 | €56,511 | €42,079 | -€14,432 | -25.5% |
| Total equity and liabilities | 10/49 | €73,317 | €73,921 | +€604 | +0.8% |
| Equity | 10/15 | €43,508 | €47,945 | +€4,437 | +10.2% |
| Contributions | 10/11 | €15,730 | €15,730 | = | 0.0% |
| Capital | 10 | €15,730 | - | -€15,730 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Uncalled capital | 101 | €2,870 | - | -€2,870 | |
| Reserves | 13 | €3,498 | €3,498 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,498 | €3,498 | = | 0.0% |
| Legal reserve | 130 | €3,498 | - | -€3,498 | |
| Reserves not available under the articles | 1311 | - | €3,498 | +€3,498 | |
| Profit (loss) carried forward | 14 | €24,280 | €28,717 | +€4,437 | +18.3% |
| Amounts payable | 17/49 | €29,809 | €25,976 | -€3,833 | -12.9% |
| Amounts payable within one year | 42/48 | €29,809 | €25,976 | -€3,833 | -12.9% |
| Financial debts | 43 | €1,857 | - | -€1,857 | |
| Credit institutions | 430/8 | €1,857 | - | -€1,857 | |
| Trade debts | 44 | €3,769 | €12,391 | +€8,622 | +229% |
| Suppliers | 440/4 | €3,769 | €12,391 | +€8,622 | +229% |
| Taxes, remuneration and social security | 45 | €21,194 | €12,204 | -€8,990 | -42.4% |
| Taxes | 450/3 | €8,463 | €10,599 | +€2,136 | +25.2% |
| Remuneration and social security | 454/9 | €12,731 | €1,605 | -€11,126 | -87.4% |
| Other amounts payable | 47/48 | €2,989 | €1,381 | -€1,608 | -53.8% |
| Turnover | 70 | €368,957 | €324,047 | -€44,910 | -12.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €349,352 | €305,941 | -€43,411 | -12.4% |
| Remuneration, social security and pensions | 62 | €13,588 | €8,667 | -€4,921 | -36.2% |
| Other operating charges | 640/8 | €2,228 | €3,519 | +€1,291 | +57.9% |
| Gross operating margin | 9900 | €19,605 | €18,106 | -€1,499 | -7.6% |
| Operating profit (loss) | 9901 | €3,789 | €5,920 | +€2,131 | +56.2% |
| Financial charges | 65/66B | €335 | €374 | +€39 | +11.6% |
| Recurring financial charges | 65 | €335 | €374 | +€39 | +11.6% |
| Profit (loss) for the period before taxes | 9903 | €3,454 | €5,546 | +€2,092 | +60.6% |
| Income taxes | 67/77 | - | €1,109 | +€1,109 | |
| Profit (loss) for the period | 9904 | €3,454 | €4,437 | +€983 | +28.5% |
| Profit (loss) for the period to be appropriated | 9905 | €3,454 | €4,437 | +€983 | +28.5% |
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 17 October 2026 via checked.be.