MaV-architectuur: what changed
MaV-architectuur
Largest movements
- Cash +€35,012
up €35,012 (+68.5%), from €51,113 to €86,125
mainly Net result for the year (+€31,316) and Depreciation (+€12,089)
- Tangible fixed assets -€13,158
down €13,158 (-28.8%), from €45,699 to €32,541
of which Furniture and vehicles: -€11,462
- Receivables within one year +€1,822
up €1,822 (+19.0%), from €9,577 to €11,399
of which Other amounts receivable: +€1,069
- Reserves +€30,483
up €30,483 (+42.0%), from €72,505 to €102,988
- Debts after one year -€7,235
down €7,235 (-34.1%), from €21,223 to €13,988
- Tax, wage and social debts +€1,917
up €1,917 (+126%), from €1,523 to €3,440
- Other debts -€1,417
down €1,417 (-32.8%), from €4,317 to €2,900
- Gross operating margin +€13,432
up €13,432 (+31.4%), from €42,796 to €56,228
- Taxes +€2,926
up €2,926 (+34.7%), from €8,431 to €11,356
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €108,038 | €131,900 | +€23,863 | +22.1% |
| Fixed assets | 21/28 | €45,699 | €32,541 | -€13,158 | -28.8% |
| Tangible fixed assets | 22/27 | €45,699 | €32,541 | -€13,158 | -28.8% |
| Plant, machinery and equipment | 23 | €3,084 | €1,388 | -€1,696 | -55.0% |
| Furniture and vehicles | 24 | €42,615 | €31,153 | -€11,462 | -26.9% |
| Current assets | 29/58 | €62,338 | €99,360 | +€37,021 | +59.4% |
| Amounts receivable within one year | 40/41 | €9,577 | €11,399 | +€1,822 | +19.0% |
| Trade receivables | 40 | €9,577 | €10,329 | +€752 | +7.9% |
| Other amounts receivable | 41 | - | €1,069 | +€1,069 | |
| Cash at bank and in hand | 54/58 | €51,113 | €86,125 | +€35,012 | +68.5% |
| Deferred charges and accrued income | 490/1 | €1,648 | €1,836 | +€188 | +11.4% |
| Total equity and liabilities | 10/49 | €108,038 | €131,900 | +€23,863 | +22.1% |
| Equity | 10/15 | €73,005 | €103,488 | +€30,483 | +41.8% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €72,505 | €102,988 | +€30,483 | +42.0% |
| Distributable reserves | 133 | €72,505 | €102,988 | +€30,483 | +42.0% |
| Amounts payable | 17/49 | €35,033 | €28,413 | -€6,620 | -18.9% |
| Amounts payable after more than one year | 17 | €21,223 | €13,988 | -€7,235 | -34.1% |
| Financial debts | 170/4 | €21,223 | €13,988 | -€7,235 | -34.1% |
| Amounts payable within one year | 42/48 | €13,810 | €14,424 | +€615 | +4.5% |
| Current portion of amounts payable after more than one year | 42 | €6,969 | €7,235 | +€266 | +3.8% |
| Trade debts | 44 | €1,000 | €849 | -€151 | -15.1% |
| Suppliers | 440/4 | €1,000 | €849 | -€151 | -15.1% |
| Taxes, remuneration and social security | 45 | €1,523 | €3,440 | +€1,917 | +126% |
| Taxes | 450/3 | €1,523 | €3,440 | +€1,917 | +126% |
| Other amounts payable | 47/48 | €4,317 | €2,900 | -€1,417 | -32.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,180 | €12,089 | -€91 | -0.7% |
| Other operating charges | 640/8 | €361 | €400 | +€39 | +10.8% |
| Gross operating margin | 9900 | €42,796 | €56,228 | +€13,432 | +31.4% |
| Operating profit (loss) | 9901 | €30,255 | €43,739 | +€13,484 | +44.6% |
| Financial charges | 65/66B | €1,269 | €1,067 | -€203 | -16.0% |
| Recurring financial charges | 65 | €1,269 | €1,067 | -€203 | -16.0% |
| Profit (loss) for the period before taxes | 9903 | €28,986 | €42,672 | +€13,687 | +47.2% |
| Income taxes | 67/77 | €8,431 | €11,356 | +€2,926 | +34.7% |
| Profit (loss) for the period | 9904 | €20,555 | €31,316 | +€10,761 | +52.4% |
| Profit (loss) for the period to be appropriated | 9905 | €20,555 | €31,316 | +€10,761 | +52.4% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.