MAV CONSTRUCT: 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.
MAV CONSTRUCT
Largest movements
- Cash +€104,882
up €104,882 (+120.3%), from €87,192 to €192,074
mainly Advances received (+€107,715) and Net result for the year (+€33,856)
- Tangible fixed assets +€48,465
up €48,465 (+562.3%), from €8,619 to €57,084
of which Furniture and vehicles: +€47,163
- Receivables within one year +€44,830
up €44,830 (+91.6%), from €48,931 to €93,761
of which Trade receivables: +€27,017
- Advances received +€107,715
new in 2025: €107,715
- Profit (loss) carried forward +€28,856
up €28,856 (+168.0%), from €17,179 to €46,035
- Debts after one year +€25,110
up €25,110 (+104.6%), from €24,000 to €49,110
- Tax, wage and social debts +€18,290
up €18,290 (+245.6%), from €7,447 to €25,738
of which Taxes: +€13,450
- Trade debts +€16,342
up €16,342 (+17.4%), from €94,146 to €110,489
of which Suppliers: +€74,142
- Turnover -€772,642
no longer reported in 2025 (was €772,642)
- Purchases and services -€746,870
no longer reported in 2025 (was €746,870)
- Gross operating margin +€34,987
up €34,987 (+135.8%), from €25,772 to €60,759
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 | €144,772 | €346,086 | +€201,314 | +139.1% |
| Fixed assets | 21/28 | €8,649 | €57,114 | +€48,465 | +560.3% |
| Tangible fixed assets | 22/27 | €8,619 | €57,084 | +€48,465 | +562.3% |
| Plant, machinery and equipment | 23 | €1,637 | €2,938 | +€1,301 | +79.5% |
| Furniture and vehicles | 24 | €6,983 | €54,146 | +€47,163 | +675.4% |
| Financial fixed assets | 28 | €30 | €30 | = | 0.0% |
| Current assets | 29/58 | €136,123 | €288,972 | +€152,849 | +112.3% |
| Amounts receivable within one year | 40/41 | €48,931 | €93,761 | +€44,830 | +91.6% |
| Trade receivables | 40 | €35,049 | €62,066 | +€27,017 | +77.1% |
| Other amounts receivable | 41 | €13,882 | €31,695 | +€17,813 | +128.3% |
| Cash at bank and in hand | 54/58 | €87,192 | €192,074 | +€104,882 | +120.3% |
| Deferred charges and accrued income | 490/1 | - | €3,137 | +€3,137 | |
| Total equity and liabilities | 10/49 | €144,772 | €346,086 | +€201,314 | +139.1% |
| Equity | 10/15 | €19,179 | €48,035 | +€28,856 | +150.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Contributions outside capital | 11 | - | €2,000 | +€2,000 | |
| Other | 1109/19 | - | €2,000 | +€2,000 | |
| Profit (loss) carried forward | 14 | €17,179 | €46,035 | +€28,856 | +168.0% |
| Amounts payable | 17/49 | €125,593 | €298,051 | +€172,457 | +137.3% |
| Amounts payable after more than one year | 17 | €24,000 | €49,110 | +€25,110 | +104.6% |
| Financial debts | 170/4 | €24,000 | €49,110 | +€25,110 | +104.6% |
| Amounts payable within one year | 42/48 | €101,593 | €248,941 | +€147,348 | +145.0% |
| Trade debts | 44 | €94,146 | €110,489 | +€16,342 | +17.4% |
| Suppliers | 440/4 | €36,347 | €110,489 | +€74,142 | +204.0% |
| Bills of exchange payable | 441 | €57,799 | - | -€57,799 | |
| Advances received on contracts in progress | 46 | - | €107,715 | +€107,715 | |
| Taxes, remuneration and social security | 45 | €7,447 | €25,738 | +€18,290 | +245.6% |
| Taxes | 450/3 | €4,597 | €18,047 | +€13,450 | +292.6% |
| Remuneration and social security | 454/9 | €2,850 | €7,690 | +€4,840 | +169.8% |
| Other amounts payable | 47/48 | - | €5,000 | +€5,000 | |
| Turnover | 70 | €772,642 | - | -€772,642 | |
| Goods, raw materials, services and sundry goods | 60/61 | €746,870 | - | -€746,870 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,645 | €10,341 | +€696 | +7.2% |
| Other operating charges | 640/8 | €889 | €6,697 | +€5,808 | +653.2% |
| Gross operating margin | 9900 | €25,772 | €60,759 | +€34,987 | +135.8% |
| Operating profit (loss) | 9901 | €15,238 | €43,720 | +€28,482 | +186.9% |
| Financial income | 75/76B | €73 | €405 | +€331 | +452.8% |
| Recurring financial income | 75 | €73 | €405 | +€331 | +452.8% |
| Financial charges | 65/66B | €317 | €1,326 | +€1,009 | +318.2% |
| Recurring financial charges | 65 | €317 | €1,326 | +€1,009 | +318.2% |
| Profit (loss) for the period before taxes | 9903 | €14,994 | €42,799 | +€27,805 | +185.4% |
| Income taxes | 67/77 | €4,597 | €8,943 | +€4,346 | +94.5% |
| Profit (loss) for the period | 9904 | €10,397 | €33,856 | +€23,459 | +225.6% |
| Profit (loss) for the period to be appropriated | 9905 | €10,397 | €33,856 | +€23,459 | +225.6% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.