MAIVA: 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.
MAIVA
Largest movements
- Receivables within one year +€15,054
up €15,054 (+50.3%), from €29,917 to €44,971
of which Trade receivables: +€15,643
- Deferred charges and accrued income -€4,608
no longer reported in 2025 (was €4,608)
- Accrued charges and deferred income +€14,717
new in 2025: €14,717
- Trade debts -€11,257
down €11,257 (-72.0%), from €15,637 to €4,380
- Profit (loss) carried forward +€7,055
up €7,055 (+1.9%), from -€378,855 to -€371,799
- Other debts -€4,133
down €4,133 (-12.7%), from €32,509 to €28,375
- Tax, wage and social debts +€3,645
new in 2025: €3,645
- Gross operating margin -€4,584
down €4,584 (-38.9%), from €11,783 to €7,199
- Other operating charges -€1,242
down €1,242 (-99.1%), from €1,253 to €11
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.
Cash bridge derived
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 | €68,504 | €78,531 | +€10,027 | +14.6% |
| Current assets | 29/58 | €68,504 | €78,531 | +€10,027 | +14.6% |
| Stocks and contracts in progress | 3 | €33,279 | €33,279 | = | 0.0% |
| Stocks | 30/36 | €33,279 | €33,279 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €29,917 | €44,971 | +€15,054 | +50.3% |
| Trade receivables | 40 | €29,328 | €44,971 | +€15,643 | +53.3% |
| Other amounts receivable | 41 | €589 | - | -€589 | |
| Cash at bank and in hand | 54/58 | €700 | €281 | -€419 | -59.8% |
| Deferred charges and accrued income | 490/1 | €4,608 | - | -€4,608 | |
| Total equity and liabilities | 10/49 | €68,504 | €78,531 | +€10,027 | +14.6% |
| Equity | 10/15 | -€139,641 | -€132,586 | +€7,055 | +5.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €220,613 | €220,613 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €218,753 | €218,753 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€378,855 | -€371,799 | +€7,055 | +1.9% |
| Amounts payable | 17/49 | €208,146 | €211,117 | +€2,972 | +1.4% |
| Amounts payable after more than one year | 17 | €160,000 | €160,000 | = | 0.0% |
| Financial debts | 170/4 | €160,000 | €160,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €48,146 | €36,401 | -€11,745 | -24.4% |
| Trade debts | 44 | €15,637 | €4,380 | -€11,257 | -72.0% |
| Suppliers | 440/4 | €15,637 | €4,380 | -€11,257 | -72.0% |
| Taxes, remuneration and social security | 45 | - | €3,645 | +€3,645 | |
| Taxes | 450/3 | - | €3,645 | +€3,645 | |
| Other amounts payable | 47/48 | €32,509 | €28,375 | -€4,133 | -12.7% |
| Accrued charges and deferred income | 492/3 | - | €14,717 | +€14,717 | |
| Other operating charges | 640/8 | €1,253 | €11 | -€1,242 | -99.1% |
| Gross operating margin | 9900 | €11,783 | €7,199 | -€4,584 | -38.9% |
| Operating profit (loss) | 9901 | €10,530 | €7,188 | -€3,342 | -31.7% |
| Financial income | 75/76B | - | €11 | +€11 | |
| Recurring financial income | 75 | - | €11 | +€11 | |
| Financial charges | 65/66B | €108 | €144 | +€36 | +33.1% |
| Recurring financial charges | 65 | €108 | €144 | +€36 | +33.1% |
| Profit (loss) for the period before taxes | 9903 | €10,422 | €7,055 | -€3,366 | -32.3% |
| Profit (loss) for the period | 9904 | €10,422 | €7,055 | -€3,366 | -32.3% |
| Profit (loss) for the period to be appropriated | 9905 | €10,422 | €7,055 | -€3,366 | -32.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.