MAVA HASSELT: 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 HASSELT
Largest movements
- Tangible fixed assets +€508,558
new in 2025: €508,558
- Cash -€226,339
down €226,339 (-86.8%), from €260,769 to €34,429
mainly Investment in fixed assets (net) (-€526,400) and Current investments (-€49,936)
- Current investments +€49,936
new in 2025: €49,936
- Receivables within one year +€15,851
up €15,851 (+6.6%), from €239,234 to €255,085
- Debts after one year +€367,944
new in 2025: €367,944
- Current portion of long-term debt +€20,414
new in 2025: €20,414
- Profit (loss) carried forward -€19,550
new in 2025: -€19,550
- Reserves -€11,624
down €11,624 (-3.3%), from €350,191 to €338,567
of which Distributable reserves: -€9,386
- Gross operating margin -€443,795
down €443,795, from €432,619 to -€11,177
- Depreciation +€17,842
new in 2025: €17,842
- Other operating charges -€10,296
down €10,296 (-90.9%), from €11,324 to €1,028
- Write-downs +€8,351
no longer reported in 2025 (was -€8,351)
- Financial charges +€5,462
up €5,462 (+312%), from €1,752 to €7,214
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.
Derived cash bridge
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 | €500,003 | €852,836 | +€352,834 | +70.6% |
| Fixed assets | 21/28 | - | €508,558 | +€508,558 | |
| Tangible fixed assets | 22/27 | - | €508,558 | +€508,558 | |
| Land and buildings | 22 | - | €508,558 | +€508,558 | |
| Current assets | 29/58 | €500,003 | €344,279 | -€155,724 | -31.1% |
| Amounts receivable within one year | 40/41 | €239,234 | €255,085 | +€15,851 | +6.6% |
| Other amounts receivable | 41 | €239,234 | €255,085 | +€15,851 | +6.6% |
| Current investments | 50/53 | - | €49,936 | +€49,936 | |
| Cash at bank and in hand | 54/58 | €260,769 | €34,429 | -€226,339 | -86.8% |
| Deferred charges and accrued income | 490/1 | - | €4,829 | +€4,829 | |
| Total equity and liabilities | 10/49 | €500,003 | €852,836 | +€352,834 | +70.6% |
| Equity | 10/15 | €368,791 | €337,617 | -€31,173 | -8.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €350,191 | €338,567 | -€11,624 | -3.3% |
| Tax-exempt reserves | 132 | €340,804 | €338,567 | -€2,238 | -0.7% |
| Distributable reserves | 133 | €9,386 | - | -€9,386 | |
| Profit (loss) carried forward | 14 | - | -€19,550 | -€19,550 | |
| Provisions and deferred taxes | 16 | €113,601 | €112,856 | -€746 | -0.7% |
| Deferred taxes | 168 | €113,601 | €112,856 | -€746 | -0.7% |
| Amounts payable | 17/49 | €17,611 | €402,364 | +€384,753 | +2,185% |
| Amounts payable after more than one year | 17 | - | €367,944 | +€367,944 | |
| Financial debts | 170/4 | - | €367,944 | +€367,944 | |
| Amounts payable within one year | 42/48 | €17,611 | €34,420 | +€16,809 | +95.4% |
| Current portion of amounts payable after more than one year | 42 | - | €20,414 | +€20,414 | |
| Financial debts | 43 | €3,539 | - | -€3,539 | |
| Other loans | 439 | €3,539 | - | -€3,539 | |
| Trade debts | 44 | €272 | €206 | -€67 | -24.4% |
| Suppliers | 440/4 | €272 | €206 | -€67 | -24.4% |
| Other amounts payable | 47/48 | €13,799 | €13,799 | = | 0.0% |
| Non-recurring operating income | 76A | €454,406 | - | -€454,406 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €17,842 | +€17,842 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€8,351 | - | +€8,351 | |
| Other operating charges | 640/8 | €11,324 | €1,028 | -€10,296 | -90.9% |
| Gross operating margin | 9900 | €432,619 | -€11,177 | -€443,795 | |
| Operating profit (loss) | 9901 | €429,645 | -€30,047 | -€459,692 | |
| Financial income | 75/76B | - | €5,342 | +€5,342 | |
| Recurring financial income | 75 | - | €5,342 | +€5,342 | |
| Financial charges | 65/66B | €1,752 | €7,214 | +€5,462 | +312% |
| Recurring financial charges | 65 | €1,752 | €7,214 | +€5,462 | +312% |
| Profit (loss) for the period before taxes | 9903 | €427,893 | -€31,919 | -€459,812 | |
| Transfer from deferred taxes | 780 | - | €746 | +€746 | |
| Transfer to deferred taxes | 680 | €113,601 | - | -€113,601 | |
| Profit (loss) for the period | 9904 | €314,292 | -€31,173 | -€345,465 | |
| Transfer from tax-exempt reserves | 789 | - | €2,238 | +€2,238 | |
| Transfer to tax-exempt reserves | 689 | €340,804 | - | -€340,804 | |
| Profit (loss) for the period to be appropriated | 9905 | -€26,513 | -€28,936 | -€2,423 | -9.1% |
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 18 October 2026 via checked.be.