Mauvafin: 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.
Mauvafin
Largest movements
- Receivables within one year +€149,886
up €149,886 (+8,096%), from €1,851 to €151,737
of which Other amounts receivable: +€146,726
- Tangible fixed assets +€39,025
new in 2025: €39,025
of which Other tangible fixed assets: +€37,563
- Cash -€27,174
down €27,174 (-75.7%), from €35,907 to €8,733
mainly Receivables within one year (-€149,886) and Investment in fixed assets (net) (-€44,518)
- Current investments +€5,127
new in 2025: €5,127
- Financial fixed assets +€4,650
new in 2025: €4,650
- Profit (loss) carried forward +€135,856
up €135,856 (+542%), from €25,061 to €160,917
- Debts after one year +€29,277
new in 2025: €29,277
- Current portion of long-term debt +€7,079
new in 2025: €7,079
- Short-term financial debts +€2,500
new in 2025: €2,500
- Gross operating margin +€87,896
up €87,896 (+228%), from €38,487 to €126,384
- Financial income +€44,448
up €44,448 (+527,890%), from €8 to €44,457
- Taxes +€21,778
up €21,778 (+271%), from €8,045 to €29,823
- Depreciation -€1,670
down €1,670 (-66.5%), from €2,513 to €843
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 | €38,506 | €211,066 | +€172,560 | +448% |
| Fixed assets | 21/28 | - | €43,675 | +€43,675 | |
| Tangible fixed assets | 22/27 | - | €39,025 | +€39,025 | |
| Furniture and vehicles | 24 | - | €1,462 | +€1,462 | |
| Other tangible fixed assets | 26 | - | €37,563 | +€37,563 | |
| Financial fixed assets | 28 | - | €4,650 | +€4,650 | |
| Current assets | 29/58 | €38,506 | €167,390 | +€128,885 | +335% |
| Amounts receivable within one year | 40/41 | €1,851 | €151,737 | +€149,886 | +8,096% |
| Trade receivables | 40 | €1,851 | €5,011 | +€3,160 | +171% |
| Other amounts receivable | 41 | - | €146,726 | +€146,726 | |
| Current investments | 50/53 | - | €5,127 | +€5,127 | |
| Cash at bank and in hand | 54/58 | €35,907 | €8,733 | -€27,174 | -75.7% |
| Deferred charges and accrued income | 490/1 | €747 | €1,793 | +€1,046 | +140% |
| Total equity and liabilities | 10/49 | €38,506 | €211,066 | +€172,560 | +448% |
| Equity | 10/15 | €28,061 | €163,917 | +€135,856 | +484% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €25,061 | €160,917 | +€135,856 | +542% |
| Amounts payable | 17/49 | €10,445 | €47,149 | +€36,704 | +351% |
| Amounts payable after more than one year | 17 | - | €29,277 | +€29,277 | |
| Financial debts | 170/4 | - | €29,277 | +€29,277 | |
| Amounts payable within one year | 42/48 | €10,445 | €17,872 | +€7,427 | +71.1% |
| Current portion of amounts payable after more than one year | 42 | - | €7,079 | +€7,079 | |
| Financial debts | 43 | - | €2,500 | +€2,500 | |
| Credit institutions | 430/8 | - | €2,500 | +€2,500 | |
| Trade debts | 44 | €2,068 | €251 | -€1,817 | -87.9% |
| Suppliers | 440/4 | €2,068 | €251 | -€1,817 | -87.9% |
| Taxes, remuneration and social security | 45 | €8,042 | €8,042 | = | 0.0% |
| Taxes | 450/3 | €8,042 | €8,042 | = | 0.0% |
| Other amounts payable | 47/48 | €335 | €0 | -€335 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,513 | €843 | -€1,670 | -66.5% |
| Other operating charges | 640/8 | €413 | €1,157 | +€744 | +180% |
| Gross operating margin | 9900 | €38,487 | €126,384 | +€87,896 | +228% |
| Operating profit (loss) | 9901 | €35,561 | €124,384 | +€88,823 | +250% |
| Financial income | 75/76B | €8 | €44,457 | +€44,448 | +527,890% |
| Recurring financial income | 75 | €8 | €44,457 | +€44,448 | +527,890% |
| Financial charges | 65/66B | €2,464 | €3,162 | +€698 | +28.3% |
| Recurring financial charges | 65 | €2,464 | €3,162 | +€698 | +28.3% |
| Profit (loss) for the period before taxes | 9903 | €33,106 | €165,679 | +€132,573 | +400% |
| Income taxes | 67/77 | €8,045 | €29,823 | +€21,778 | +271% |
| Profit (loss) for the period | 9904 | €25,061 | €135,856 | +€110,795 | +442% |
| Profit (loss) for the period to be appropriated | 9905 | €25,061 | €135,856 | +€110,795 | +442% |
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.