MAUVEO: 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.
MAUVEO
Largest movements
- Receivables within one year +€4,391
up €4,391 (+39.3%), from €11,177 to €15,568
- Tangible fixed assets -€1,156
down €1,156 (-47.7%), from €2,421 to €1,266
- Deferred charges and accrued income +€906
up €906 (+819.3%), from €111 to €1,017
- Reserves +€4,900
new in 2025: €4,900
- Other debts -€2,360
down €2,360 (-48.9%), from €4,831 to €2,470
- Profit (loss) carried forward +€1,099
up €1,099 (+6.6%), from €16,733 to €17,833
- Tax, wage and social debts +€927
up €927 (+11.3%), from €8,233 to €9,160
- Trade debts -€446
down €446 (-27.8%), from €1,602 to €1,156
- Gross operating margin -€3,404
down €3,404 (-18.1%), from €18,856 to €15,452
- Financial charges -€545
down €545 (-19.8%), from €2,756 to €2,211
- Other operating charges +€407
up €407 (+176.5%), from €231 to €638
- Depreciation +€248
up €248 (+27.3%), from €908 to €1,156
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 | €36,398 | €40,707 | +€4,308 | +11.8% |
| Fixed assets | 21/28 | €2,421 | €1,266 | -€1,156 | -47.7% |
| Tangible fixed assets | 22/27 | €2,421 | €1,266 | -€1,156 | -47.7% |
| Furniture and vehicles | 24 | €2,421 | €1,266 | -€1,156 | -47.7% |
| Current assets | 29/58 | €33,977 | €39,441 | +€5,464 | +16.1% |
| Amounts receivable within one year | 40/41 | €11,177 | €15,568 | +€4,391 | +39.3% |
| Trade receivables | 40 | €11,177 | €15,568 | +€4,391 | +39.3% |
| Cash at bank and in hand | 54/58 | €22,690 | €22,856 | +€166 | +0.7% |
| Deferred charges and accrued income | 490/1 | €111 | €1,017 | +€906 | +819.3% |
| Total equity and liabilities | 10/49 | €36,398 | €40,707 | +€4,308 | +11.8% |
| Equity | 10/15 | €21,733 | €27,733 | +€5,999 | +27.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | - | €4,900 | +€4,900 | |
| Distributable reserves | 133 | - | €4,900 | +€4,900 | |
| Profit (loss) carried forward | 14 | €16,733 | €17,833 | +€1,099 | +6.6% |
| Amounts payable | 17/49 | €14,665 | €12,974 | -€1,691 | -11.5% |
| Amounts payable within one year | 42/48 | €14,665 | €12,786 | -€1,879 | -12.8% |
| Trade debts | 44 | €1,602 | €1,156 | -€446 | -27.8% |
| Suppliers | 440/4 | €1,602 | €1,156 | -€446 | -27.8% |
| Taxes, remuneration and social security | 45 | €8,233 | €9,160 | +€927 | +11.3% |
| Taxes | 450/3 | €8,233 | €9,160 | +€927 | +11.3% |
| Other amounts payable | 47/48 | €4,831 | €2,470 | -€2,360 | -48.9% |
| Accrued charges and deferred income | 492/3 | - | €188 | +€188 | |
| Remuneration, social security and pensions | 62 | €89 | - | -€89 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €908 | €1,156 | +€248 | +27.3% |
| Other operating charges | 640/8 | €231 | €638 | +€407 | +176.5% |
| Non-recurring operating charges | 66A | - | €63 | +€63 | |
| Gross operating margin | 9900 | €18,856 | €15,452 | -€3,404 | -18.1% |
| Operating profit (loss) | 9901 | €17,628 | €13,595 | -€4,033 | -22.9% |
| Financial income | 75/76B | €36 | €0 | -€36 | -99.8% |
| Recurring financial income | 75 | €36 | €0 | -€36 | -99.8% |
| Financial charges | 65/66B | €2,756 | €2,211 | -€545 | -19.8% |
| Recurring financial charges | 65 | €2,756 | €2,211 | -€545 | -19.8% |
| Profit (loss) for the period before taxes | 9903 | €14,908 | €11,384 | -€3,524 | -23.6% |
| Income taxes | 67/77 | €4,608 | €4,552 | -€56 | -1.2% |
| Profit (loss) for the period | 9904 | €10,300 | €6,832 | -€3,468 | -33.7% |
| Profit (loss) for the period to be appropriated | 9905 | €10,300 | €6,832 | -€3,468 | -33.7% |
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 10 October 2026 via checked.be.