MAVAAN SERVICES: 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.
MAVAAN SERVICES
Largest movements
- Receivables within one year +€32,794
up €32,794 (+33.6%), from €97,573 to €130,367
of which Other amounts receivable: +€20,185
- Tangible fixed assets +€5,952
up €5,952 (+175.6%), from €3,389 to €9,341
of which Furniture and vehicles: +€8,682
- Profit (loss) carried forward +€49,756
up €49,756 (+154.1%), from €32,290 to €82,046
- Trade debts -€9,542
down €9,542 (-14.3%), from €66,874 to €57,331
- Current portion of long-term debt -€2,451
down €2,451 (-82.2%), from €2,981 to €530
- Gross operating margin +€60,580
up €60,580 (+605.4%), from €10,007 to €70,587
- Other operating charges +€8,474
up €8,474 (+1054.4%), from €804 to €9,278
- Taxes +€6,900
new in 2024: €6,900
- Financial income +€985
up €985 (+87.8%), from €1,122 to €2,107
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €104,693 | €141,944 | +€37,251 | +35.6% |
| Fixed assets | 21/28 | €3,389 | €9,341 | +€5,952 | +175.6% |
| Tangible fixed assets | 22/27 | €3,389 | €9,341 | +€5,952 | +175.6% |
| Furniture and vehicles | 24 | - | €8,682 | +€8,682 | |
| Leasing and similar rights | 25 | €3,389 | €659 | -€2,730 | -80.6% |
| Current assets | 29/58 | €101,304 | €132,604 | +€31,299 | +30.9% |
| Amounts receivable within one year | 40/41 | €97,573 | €130,367 | +€32,794 | +33.6% |
| Trade receivables | 40 | €69,985 | €82,595 | +€12,610 | +18.0% |
| Other amounts receivable | 41 | €27,588 | €47,772 | +€20,185 | +73.2% |
| Cash at bank and in hand | 54/58 | €3,558 | €2,236 | -€1,321 | -37.1% |
| Deferred charges and accrued income | 490/1 | €174 | - | -€174 | |
| Total equity and liabilities | 10/49 | €104,693 | €141,944 | +€37,251 | +35.6% |
| Equity | 10/15 | €34,290 | €84,046 | +€49,756 | +145.1% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €32,290 | €82,046 | +€49,756 | +154.1% |
| Amounts payable | 17/49 | €70,403 | €57,898 | -€12,505 | -17.8% |
| Amounts payable after more than one year | 17 | €530 | - | -€530 | |
| Financial debts | 170/4 | €530 | - | -€530 | |
| Amounts payable within one year | 42/48 | €69,854 | €57,861 | -€11,993 | -17.2% |
| Current portion of amounts payable after more than one year | 42 | €2,981 | €530 | -€2,451 | -82.2% |
| Trade debts | 44 | €66,874 | €57,331 | -€9,542 | -14.3% |
| Suppliers | 440/4 | €66,874 | €57,331 | -€9,542 | -14.3% |
| Accrued charges and deferred income | 492/3 | €19 | €37 | +€18 | +92.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,730 | €3,332 | +€602 | +22.0% |
| Other operating charges | 640/8 | €804 | €9,278 | +€8,474 | +1054.4% |
| Gross operating margin | 9900 | €10,007 | €70,587 | +€60,580 | +605.4% |
| Operating profit (loss) | 9901 | €6,473 | €57,978 | +€51,504 | +795.7% |
| Financial income | 75/76B | €1,122 | €2,107 | +€985 | +87.8% |
| Recurring financial income | 75 | €1,122 | €2,107 | +€985 | +87.8% |
| Financial charges | 65/66B | €3,907 | €3,428 | -€479 | -12.3% |
| Recurring financial charges | 65 | €3,907 | €3,428 | -€479 | -12.3% |
| Profit (loss) for the period before taxes | 9903 | €3,688 | €56,656 | +€52,968 | +1436.2% |
| Income taxes | 67/77 | - | €6,900 | +€6,900 | |
| Profit (loss) for the period | 9904 | €3,688 | €49,756 | +€46,068 | +1249.1% |
| Profit (loss) for the period to be appropriated | 9905 | €3,688 | €49,756 | +€46,068 | +1249.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.