MAVA GAMES: 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.
MAVA GAMES
Largest movements
- Tangible fixed assets -€18,509
down €18,509 (-32.2%), from €57,486 to €38,977
of which Plant, machinery and equipment: -€15,955
- Deferred charges and accrued income -€8,067
no longer reported in 2025 (was €8,067)
- Receivables within one year -€3,015
down €3,015 (-83.1%), from €3,630 to €615
- Cash +€1,338
up €1,338 (+183.4%), from €729 to €2,067
mainly Depreciation (+€26,784) and Deferred charges and accrued income (+€8,067)
- Other debts -€10,979
down €10,979 (-52.4%), from €20,962 to €9,983
- Profit (loss) carried forward -€9,504
down €9,504 (-7.6%), from -€125,230 to -€134,733
- Trade debts -€2,948
down €2,948 (-15.6%), from €18,911 to €15,963
- Debts after one year -€2,778
down €2,778 (-74.5%), from €3,732 to €953
- Tax, wage and social debts -€2,161
down €2,161 (-39.8%), from €5,426 to €3,265
- Gross operating margin +€40,722
up €40,722, from -€7,181 to €33,541
- Other operating charges -€6,699
down €6,699 (-30.5%), from €21,928 to €15,229
- Depreciation +€3,928
up €3,928 (+17.2%), from €22,855 to €26,784
- Financial charges -€534
down €534 (-36.8%), from €1,451 to €918
- Taxes -€368
down €368 (-75.2%), from €489 to €121
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 | €70,062 | €41,809 | -€28,253 | -40.3% |
| Fixed assets | 21/28 | €57,636 | €39,127 | -€18,509 | -32.1% |
| Tangible fixed assets | 22/27 | €57,486 | €38,977 | -€18,509 | -32.2% |
| Plant, machinery and equipment | 23 | €46,111 | €30,156 | -€15,955 | -34.6% |
| Furniture and vehicles | 24 | €8,585 | €6,257 | -€2,328 | -27.1% |
| Other tangible fixed assets | 26 | €2,790 | €2,564 | -€226 | -8.1% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €12,426 | €2,682 | -€9,744 | -78.4% |
| Amounts receivable within one year | 40/41 | €3,630 | €615 | -€3,015 | -83.1% |
| Trade receivables | 40 | €3,630 | €615 | -€3,015 | -83.1% |
| Cash at bank and in hand | 54/58 | €729 | €2,067 | +€1,338 | +183.4% |
| Deferred charges and accrued income | 490/1 | €8,067 | - | -€8,067 | |
| Total equity and liabilities | 10/49 | €70,062 | €41,809 | -€28,253 | -40.3% |
| Equity | 10/15 | €18,370 | €8,867 | -€9,504 | -51.7% |
| Contributions | 10/11 | €143,600 | €143,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€125,230 | -€134,733 | -€9,504 | -7.6% |
| Amounts payable | 17/49 | €51,691 | €32,942 | -€18,749 | -36.3% |
| Amounts payable after more than one year | 17 | €3,732 | €953 | -€2,778 | -74.5% |
| Financial debts | 170/4 | €3,732 | €953 | -€2,778 | -74.5% |
| Amounts payable within one year | 42/48 | €47,960 | €31,989 | -€15,971 | -33.3% |
| Current portion of amounts payable after more than one year | 42 | €2,661 | €2,778 | +€118 | +4.4% |
| Trade debts | 44 | €18,911 | €15,963 | -€2,948 | -15.6% |
| Suppliers | 440/4 | €18,911 | €15,963 | -€2,948 | -15.6% |
| Taxes, remuneration and social security | 45 | €5,426 | €3,265 | -€2,161 | -39.8% |
| Taxes | 450/3 | €5,426 | €3,265 | -€2,161 | -39.8% |
| Other amounts payable | 47/48 | €20,962 | €9,983 | -€10,979 | -52.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,855 | €26,784 | +€3,928 | +17.2% |
| Other operating charges | 640/8 | €21,928 | €15,229 | -€6,699 | -30.5% |
| Gross operating margin | 9900 | -€7,181 | €33,541 | +€40,722 | |
| Operating profit (loss) | 9901 | -€51,964 | -€8,472 | +€43,492 | +83.7% |
| Financial income | 75/76B | - | €7 | +€7 | |
| Recurring financial income | 75 | - | €7 | +€7 | |
| Financial charges | 65/66B | €1,451 | €918 | -€534 | -36.8% |
| Recurring financial charges | 65 | €1,451 | €918 | -€534 | -36.8% |
| Profit (loss) for the period before taxes | 9903 | -€53,416 | -€9,382 | +€44,034 | +82.4% |
| Income taxes | 67/77 | €489 | €121 | -€368 | -75.2% |
| Profit (loss) for the period | 9904 | -€53,905 | -€9,504 | +€44,401 | +82.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€53,905 | -€9,504 | +€44,401 | +82.4% |
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.