MaCervin: 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.
MaCervin
Largest movements
- Cash +€33,199
up €33,199 (+153%), from €21,692 to €54,890
mainly Net result for the year (+€20,023) and Receivables within one year (+€12,673)
- Receivables within one year -€12,673
down €12,673 (-68.1%), from €18,601 to €5,928
of which Trade receivables: -€12,904
- Tangible fixed assets +€3,374
new in 2025: €3,374
- Profit (loss) carried forward +€20,023
up €20,023 (+1,372%), from €1,459 to €21,482
- Tax, wage and social debts +€4,280
up €4,280 (+27.8%), from €15,421 to €19,700
- Gross operating margin -€2,369
down €2,369 (-7.9%), from €30,156 to €27,787
- Taxes -€1,929
down €1,929 (-23.2%), from €8,329 to €6,400
- Depreciation +€554
new in 2025: €554
- Other operating charges +€531
new in 2025: €531
- Financial income +€314
up €314 (+6,984%), from €5 to €319
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 | €40,293 | €64,192 | +€23,900 | +59.3% |
| Fixed assets | 21/28 | - | €3,374 | +€3,374 | |
| Tangible fixed assets | 22/27 | - | €3,374 | +€3,374 | |
| Furniture and vehicles | 24 | - | €3,374 | +€3,374 | |
| Current assets | 29/58 | €40,293 | €60,819 | +€20,526 | +50.9% |
| Amounts receivable within one year | 40/41 | €18,601 | €5,928 | -€12,673 | -68.1% |
| Trade receivables | 40 | €13,799 | €895 | -€12,904 | -93.5% |
| Other amounts receivable | 41 | €4,802 | €5,033 | +€231 | +4.8% |
| Cash at bank and in hand | 54/58 | €21,692 | €54,890 | +€33,199 | +153% |
| Total equity and liabilities | 10/49 | €40,293 | €64,192 | +€23,900 | +59.3% |
| Equity | 10/15 | €24,459 | €44,482 | +€20,023 | +81.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €20,000 | €20,000 | = | 0.0% |
| Distributable reserves | 133 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,459 | €21,482 | +€20,023 | +1,372% |
| Amounts payable | 17/49 | €15,833 | €19,710 | +€3,877 | +24.5% |
| Amounts payable within one year | 42/48 | €15,833 | €19,710 | +€3,877 | +24.5% |
| Trade debts | 44 | €413 | €10 | -€403 | -97.6% |
| Suppliers | 440/4 | €413 | €10 | -€403 | -97.6% |
| Taxes, remuneration and social security | 45 | €15,421 | €19,700 | +€4,280 | +27.8% |
| Taxes | 450/3 | €15,421 | €19,700 | +€4,280 | +27.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €554 | +€554 | |
| Other operating charges | 640/8 | - | €531 | +€531 | |
| Gross operating margin | 9900 | €30,156 | €27,787 | -€2,369 | -7.9% |
| Operating profit (loss) | 9901 | €30,156 | €26,702 | -€3,454 | -11.5% |
| Financial income | 75/76B | €5 | €319 | +€314 | +6,984% |
| Recurring financial income | 75 | €5 | €319 | +€314 | +6,984% |
| Financial charges | 65/66B | €372 | €598 | +€226 | +60.8% |
| Recurring financial charges | 65 | €372 | €598 | +€226 | +60.8% |
| Profit (loss) for the period before taxes | 9903 | €29,788 | €26,423 | -€3,366 | -11.3% |
| Income taxes | 67/77 | €8,329 | €6,400 | -€1,929 | -23.2% |
| Profit (loss) for the period | 9904 | €21,459 | €20,023 | -€1,436 | -6.7% |
| Profit (loss) for the period to be appropriated | 9905 | €21,459 | €20,023 | -€1,436 | -6.7% |
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 19 October 2026 via checked.be.