MAEVAN: what changed
Two fiscal 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.
MAEVAN
Largest movements
- Current investments -€17,552
down €17,552 (-2.8%), from €632,227 to €614,675
- Profit (loss) carried forward -€30,422
down €30,422 (-94.3%), from -€32,247 to -€62,669
- Taxes +€12,847
up €12,847 (+2262.9%), from €568 to €13,415
- Financial charges -€10,807
down €10,807 (-65.7%), from €16,452 to €5,645
- Gross operating margin -€8,206
down €8,206, from €3,161 to -€5,045
- Financial income +€3,539
up €3,539 (+276.0%), from €1,282 to €4,821
- Depreciation -€1,375
down €1,375 (-14.5%), from €9,461 to €8,086
From the 2023 result to the 2024 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.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €830,810 | €803,320 | -€27,490 | -3.3% |
| Fixed assets | 21/28 | €189,926 | €181,840 | -€8,086 | -4.3% |
| Tangible fixed assets | 22/27 | €189,926 | €181,840 | -€8,086 | -4.3% |
| Land and buildings | 22 | €186,704 | €181,158 | -€5,546 | -3.0% |
| Plant, machinery and equipment | 23 | €1,024 | €682 | -€341 | -33.3% |
| Furniture and vehicles | 24 | €2,198 | - | -€2,198 | |
| Current assets | 29/58 | €640,884 | €621,480 | -€19,404 | -3.0% |
| Amounts receivable within one year | 40/41 | €6,705 | €4,589 | -€2,115 | -31.5% |
| Trade receivables | 40 | €6,705 | €3,501 | -€3,204 | -47.8% |
| Other amounts receivable | 41 | - | €1,088 | +€1,088 | |
| Current investments | 50/53 | €632,227 | €614,675 | -€17,552 | -2.8% |
| Cash at bank and in hand | 54/58 | €1,074 | €1,238 | +€165 | +15.3% |
| Deferred charges and accrued income | 490/1 | €879 | €978 | +€99 | +11.2% |
| Total equity and liabilities | 10/49 | €830,810 | €803,320 | -€27,490 | -3.3% |
| Equity | 10/15 | €707,174 | €676,753 | -€30,422 | -4.3% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €714,421 | €714,421 | = | 0.0% |
| Distributable reserves | 133 | €714,421 | €714,421 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€32,247 | -€62,669 | -€30,422 | -94.3% |
| Amounts payable | 17/49 | €123,635 | €126,567 | +€2,932 | +2.4% |
| Amounts payable after more than one year | 17 | €90,000 | €90,000 | = | 0.0% |
| Financial debts | 170/4 | €90,000 | €90,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €26,282 | €28,565 | +€2,283 | +8.7% |
| Trade debts | 44 | €1,271 | €1,901 | +€630 | +49.6% |
| Suppliers | 440/4 | €1,271 | €1,901 | +€630 | +49.6% |
| Taxes, remuneration and social security | 45 | €995 | €393 | -€602 | -60.5% |
| Taxes | 450/3 | €995 | €393 | -€602 | -60.5% |
| Other amounts payable | 47/48 | €24,016 | €26,271 | +€2,255 | +9.4% |
| Accrued charges and deferred income | 492/3 | €7,354 | €8,003 | +€649 | +8.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,461 | €8,086 | -€1,375 | -14.5% |
| Other operating charges | 640/8 | €3,386 | €3,051 | -€335 | -9.9% |
| Gross operating margin | 9900 | €3,161 | -€5,045 | -€8,206 | |
| Operating profit (loss) | 9901 | -€9,686 | -€16,182 | -€6,497 | -67.1% |
| Financial income | 75/76B | €1,282 | €4,821 | +€3,539 | +276.0% |
| Recurring financial income | 75 | €1,282 | €4,821 | +€3,539 | +276.0% |
| Financial charges | 65/66B | €16,452 | €5,645 | -€10,807 | -65.7% |
| Recurring financial charges | 65 | €16,452 | €5,645 | -€10,807 | -65.7% |
| Profit (loss) for the period before taxes | 9903 | -€24,856 | -€17,007 | +€7,849 | +31.6% |
| Income taxes | 67/77 | €568 | €13,415 | +€12,847 | +2262.9% |
| Profit (loss) for the period | 9904 | -€25,423 | -€30,422 | -€4,998 | -19.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€25,423 | -€30,422 | -€4,998 | -19.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.