MAVA: what changed
Two fiscal 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.
MAVA
Largest movements
- Cash -€14,239
down €14,239 (-55.1%), from €25,859 to €11,620
mainly Receivables within one year (-€8,076) and Investment in fixed assets (net) (-€5,870)
- Receivables within one year +€8,076
up €8,076 (+106.0%), from €7,618 to €15,694
of which Other amounts receivable: +€5,309
- Tangible fixed assets +€4,500
up €4,500 (+246.1%), from €1,828 to €6,328
of which Plant, machinery and equipment: +€2,429
- Tax, wage and social debts -€5,827
down €5,827 (-95.9%), from €6,073 to €246
of which Taxes: -€5,345
- Reserves +€4,782
up €4,782 (+20.4%), from €23,429 to €28,212
- Trade debts -€498
down €498 (-15.7%), from €3,182 to €2,684
- Gross operating margin -€9,970
down €9,970 (-47.7%), from €20,908 to €10,938
- Taxes -€1,494
down €1,494 (-27.9%), from €5,345 to €3,852
- Depreciation +€1,253
up €1,253 (+1071.8%), from €117 to €1,370
- Other operating charges +€598
up €598 (+169.5%), from €353 to €951
- Staff costs -€448
no longer reported in 2025 (was €448)
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 | €35,305 | €33,641 | -€1,664 | -4.7% |
| Fixed assets | 21/28 | €1,828 | €6,328 | +€4,500 | +246.1% |
| Tangible fixed assets | 22/27 | €1,828 | €6,328 | +€4,500 | +246.1% |
| Plant, machinery and equipment | 23 | - | €2,429 | +€2,429 | |
| Furniture and vehicles | 24 | €1,828 | €3,899 | +€2,071 | +113.3% |
| Current assets | 29/58 | €33,477 | €27,314 | -€6,163 | -18.4% |
| Amounts receivable within one year | 40/41 | €7,618 | €15,694 | +€8,076 | +106.0% |
| Trade receivables | 40 | €7,618 | €10,385 | +€2,767 | +36.3% |
| Other amounts receivable | 41 | - | €5,309 | +€5,309 | |
| Cash at bank and in hand | 54/58 | €25,859 | €11,620 | -€14,239 | -55.1% |
| Total equity and liabilities | 10/49 | €35,305 | €33,641 | -€1,664 | -4.7% |
| Equity | 10/15 | €25,929 | €30,712 | +€4,782 | +18.4% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €23,429 | €28,212 | +€4,782 | +20.4% |
| Distributable reserves | 133 | €23,429 | €28,212 | +€4,782 | +20.4% |
| Amounts payable | 17/49 | €9,376 | €2,930 | -€6,446 | -68.8% |
| Amounts payable within one year | 42/48 | €9,376 | €2,930 | -€6,446 | -68.8% |
| Trade debts | 44 | €3,182 | €2,684 | -€498 | -15.7% |
| Suppliers | 440/4 | €3,182 | €2,684 | -€498 | -15.7% |
| Taxes, remuneration and social security | 45 | €6,073 | €246 | -€5,827 | -95.9% |
| Taxes | 450/3 | €5,345 | - | -€5,345 | |
| Remuneration and social security | 454/9 | €728 | €246 | -€482 | -66.2% |
| Other amounts payable | 47/48 | €120 | - | -€120 | |
| Remuneration, social security and pensions | 62 | €448 | - | -€448 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €117 | €1,370 | +€1,253 | +1071.8% |
| Other operating charges | 640/8 | €353 | €951 | +€598 | +169.5% |
| Gross operating margin | 9900 | €20,908 | €10,938 | -€9,970 | -47.7% |
| Operating profit (loss) | 9901 | €19,990 | €8,616 | -€11,374 | -56.9% |
| Financial income | 75/76B | - | €114 | +€114 | |
| Recurring financial income | 75 | - | €114 | +€114 | |
| Financial charges | 65/66B | €131 | €96 | -€35 | -26.5% |
| Recurring financial charges | 65 | €131 | €96 | -€35 | -26.5% |
| Profit (loss) for the period before taxes | 9903 | €19,859 | €8,634 | -€11,226 | -56.5% |
| Income taxes | 67/77 | €5,345 | €3,852 | -€1,494 | -27.9% |
| Profit (loss) for the period | 9904 | €14,514 | €4,782 | -€9,732 | -67.1% |
| Profit (loss) for the period to be appropriated | 9905 | €14,514 | €4,782 | -€9,732 | -67.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.