MAVA ROSSO: 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 ROSSO
Largest movements
- Cash -€10,523
down €10,523 (-71.6%), from €14,702 to €4,179
mainly Net result for the year (-€15,781) and Trade debts (-€6,809)
- Intangible fixed assets -€4,000
down €4,000 (-40.0%), from €10,000 to €6,000
- Tangible fixed assets -€2,117
down €2,117 (-39.5%), from €5,356 to €3,239
- Stocks and contracts +€1,300
up €1,300 (+8.6%), from €15,150 to €16,450
- Receivables within one year -€789
down €789 (-87.5%), from €902 to €113
of which Trade receivables: -€815
- Profit (loss) carried forward -€15,781
down €15,781 (-210%), from -€7,525 to -€23,306
- Trade debts -€6,809
down €6,809 (-57.5%), from €11,837 to €5,028
- Other debts +€5,642
up €5,642 (+20.1%), from €28,024 to €33,666
- Staff costs +€8,339
up €8,339 (+20.7%), from €40,334 to €48,673
- Gross operating margin -€4,168
down €4,168 (-9.1%), from €45,880 to €41,712
- Other operating charges -€4,157
down €4,157 (-68.8%), from €6,045 to €1,888
- Financial income +€849
up €849 (+1,880%), from €45 to €895
- Financial charges +€519
up €519 (+54.4%), from €955 to €1,474
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 | €46,731 | €29,981 | -€16,750 | -35.8% |
| Fixed assets | 21/28 | €15,356 | €9,239 | -€6,117 | -39.8% |
| Intangible fixed assets | 21 | €10,000 | €6,000 | -€4,000 | -40.0% |
| Tangible fixed assets | 22/27 | €5,356 | €3,239 | -€2,117 | -39.5% |
| Furniture and vehicles | 24 | €1,847 | €990 | -€856 | -46.4% |
| Leasing and similar rights | 25 | €1,379 | €966 | -€413 | -29.9% |
| Other tangible fixed assets | 26 | €2,130 | €1,282 | -€848 | -39.8% |
| Current assets | 29/58 | €31,375 | €20,742 | -€10,633 | -33.9% |
| Stocks and contracts in progress | 3 | €15,150 | €16,450 | +€1,300 | +8.6% |
| Stocks | 30/36 | €15,150 | €16,450 | +€1,300 | +8.6% |
| Amounts receivable within one year | 40/41 | €902 | €113 | -€789 | -87.5% |
| Trade receivables | 40 | €902 | €87 | -€815 | -90.4% |
| Other amounts receivable | 41 | - | €26 | +€26 | |
| Cash at bank and in hand | 54/58 | €14,702 | €4,179 | -€10,523 | -71.6% |
| Deferred charges and accrued income | 490/1 | €621 | - | -€621 | |
| Total equity and liabilities | 10/49 | €46,731 | €29,981 | -€16,750 | -35.8% |
| Equity | 10/15 | -€1,823 | -€17,603 | -€15,781 | -866% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €702 | €702 | = | 0.0% |
| Distributable reserves | 133 | €702 | €702 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,525 | -€23,306 | -€15,781 | -210% |
| Amounts payable | 17/49 | €48,554 | €47,584 | -€970 | -2.0% |
| Amounts payable within one year | 42/48 | €48,554 | €47,584 | -€970 | -2.0% |
| Trade debts | 44 | €11,837 | €5,028 | -€6,809 | -57.5% |
| Suppliers | 440/4 | €11,837 | €5,028 | -€6,809 | -57.5% |
| Taxes, remuneration and social security | 45 | €8,693 | €8,891 | +€197 | +2.3% |
| Taxes | 450/3 | €4,504 | €2,431 | -€2,073 | -46.0% |
| Remuneration and social security | 454/9 | €4,190 | €6,460 | +€2,270 | +54.2% |
| Other amounts payable | 47/48 | €28,024 | €33,666 | +€5,642 | +20.1% |
| Remuneration, social security and pensions | 62 | €40,334 | €48,673 | +€8,339 | +20.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,117 | €6,117 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €234 | +€234 | |
| Other operating charges | 640/8 | €6,045 | €1,888 | -€4,157 | -68.8% |
| Gross operating margin | 9900 | €45,880 | €41,712 | -€4,168 | -9.1% |
| Operating profit (loss) | 9901 | -€6,616 | -€15,201 | -€8,586 | -130% |
| Financial income | 75/76B | €45 | €895 | +€849 | +1,880% |
| Recurring financial income | 75 | €45 | €895 | +€849 | +1,880% |
| Financial charges | 65/66B | €955 | €1,474 | +€519 | +54.4% |
| Recurring financial charges | 65 | €955 | €1,474 | +€519 | +54.4% |
| Profit (loss) for the period before taxes | 9903 | -€7,525 | -€15,781 | -€8,256 | -110% |
| Profit (loss) for the period | 9904 | -€7,525 | -€15,781 | -€8,256 | -110% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,525 | -€15,781 | -€8,256 | -110% |
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 20 October 2026 via checked.be.