MAUVH: 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.
MAUVH
Largest movements
- Cash +€26,484
up €26,484 (+18.8%), from €141,000 to €167,484
mainly Other debts (+€115,287) and Net result for the year (+€42,032)
- Current investments +€13,000
new in 2025: €13,000
- Intangible fixed assets -€4,750
down €4,750 (-16.2%), from €29,408 to €24,658
- Other debts +€115,287
up €115,287 (+309.8%), from €37,208 to €152,496
- Profit (loss) carried forward -€72,968
down €72,968 (-56.0%), from €130,391 to €57,423
- Tax, wage and social debts -€8,830
down €8,830 (-94.3%), from €9,368 to €538
- Gross operating margin -€21,139
down €21,139 (-25.4%), from €83,305 to €62,166
- Taxes -€3,946
down €3,946 (-25.7%), from €15,340 to €11,394
- Depreciation -€908
down €908 (-14.3%), from €6,354 to €5,447
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 | €192,922 | €226,695 | +€33,773 | +17.5% |
| Fixed assets | 21/28 | €30,435 | €24,988 | -€5,447 | -17.9% |
| Intangible fixed assets | 21 | €29,408 | €24,658 | -€4,750 | -16.2% |
| Tangible fixed assets | 22/27 | €1,027 | €330 | -€697 | -67.9% |
| Furniture and vehicles | 24 | €1,027 | €330 | -€697 | -67.9% |
| Current assets | 29/58 | €162,487 | €201,707 | +€39,219 | +24.1% |
| Amounts receivable within one year | 40/41 | €20,652 | €20,735 | +€83 | +0.4% |
| Trade receivables | 40 | €20,652 | €17,129 | -€3,523 | -17.1% |
| Other amounts receivable | 41 | - | €3,606 | +€3,606 | |
| Current investments | 50/53 | - | €13,000 | +€13,000 | |
| Cash at bank and in hand | 54/58 | €141,000 | €167,484 | +€26,484 | +18.8% |
| Deferred charges and accrued income | 490/1 | €836 | €487 | -€348 | -41.7% |
| Total equity and liabilities | 10/49 | €192,922 | €226,695 | +€33,773 | +17.5% |
| Equity | 10/15 | €133,391 | €60,423 | -€72,968 | -54.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €130,391 | €57,423 | -€72,968 | -56.0% |
| Amounts payable | 17/49 | €59,531 | €166,271 | +€106,740 | +179.3% |
| Amounts payable within one year | 42/48 | €47,394 | €153,569 | +€106,175 | +224.0% |
| Trade debts | 44 | €817 | €535 | -€282 | -34.5% |
| Suppliers | 440/4 | €817 | €535 | -€282 | -34.5% |
| Taxes, remuneration and social security | 45 | €9,368 | €538 | -€8,830 | -94.3% |
| Taxes | 450/3 | €9,368 | €538 | -€8,830 | -94.3% |
| Other amounts payable | 47/48 | €37,208 | €152,496 | +€115,287 | +309.8% |
| Accrued charges and deferred income | 492/3 | €12,137 | €12,702 | +€565 | +4.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,354 | €5,447 | -€908 | -14.3% |
| Other operating charges | 640/8 | €450 | €458 | +€8 | +1.8% |
| Non-recurring operating charges | 66A | €129 | - | -€129 | |
| Gross operating margin | 9900 | €83,305 | €62,166 | -€21,139 | -25.4% |
| Operating profit (loss) | 9901 | €76,371 | €56,261 | -€20,110 | -26.3% |
| Financial income | 75/76B | €0 | €2 | +€2 | +20000.0% |
| Recurring financial income | 75 | €0 | €2 | +€2 | +20000.0% |
| Financial charges | 65/66B | €3,409 | €2,837 | -€572 | -16.8% |
| Recurring financial charges | 65 | €3,409 | €2,837 | -€572 | -16.8% |
| Profit (loss) for the period before taxes | 9903 | €72,962 | €53,426 | -€19,536 | -26.8% |
| Income taxes | 67/77 | €15,340 | €11,394 | -€3,946 | -25.7% |
| Profit (loss) for the period | 9904 | €57,622 | €42,032 | -€15,590 | -27.1% |
| Profit (loss) for the period to be appropriated | 9905 | €57,622 | €42,032 | -€15,590 | -27.1% |
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 9 October 2026 via checked.be.