MAVABE: 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.
MAVABE
Largest movements
- Receivables within one year +€27,976
up €27,976 (+20.1%), from €139,493 to €167,468
of which Other amounts receivable: +€43,712
- Tangible fixed assets -€13,265
down €13,265 (-40.4%), from €32,809 to €19,544
of which Furniture and vehicles: -€7,358
- Reserves -€88,737
down €88,737 (-51.4%), from €172,565 to €83,828
of which Distributable reserves: -€88,737
- Other debts +€67,500
up €67,500 (+595.6%), from €11,334 to €78,834
- Tax, wage and social debts +€24,567
up €24,567 (+159.6%), from €15,392 to €39,958
of which Taxes: +€24,567
- Debts after one year +€15,695
up €15,695, from €0 to €15,695
- Short-term financial debts -€5,013
down €5,013 (-32.3%), from €15,499 to €10,487
- Turnover -€227,044
no longer reported in 2024 (was €227,044)
- Purchases and services -€134,376
no longer reported in 2024 (was €134,376)
- Gross operating margin -€54,234
down €54,234 (-58.5%), from €92,668 to €38,434
- Depreciation -€11,394
down €11,394 (-46.2%), from €24,659 to €13,265
- Taxes -€3,817
down €3,817 (-21.4%), from €17,849 to €14,032
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 | €237,448 | €252,040 | +€14,592 | +6.1% |
| Fixed assets | 21/28 | €32,809 | €19,544 | -€13,265 | -40.4% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €32,809 | €19,544 | -€13,265 | -40.4% |
| Land and buildings | 22 | €24,242 | €18,335 | -€5,907 | -24.4% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €8,567 | €1,209 | -€7,358 | -85.9% |
| Current assets | 29/58 | €204,639 | €232,496 | +€27,857 | +13.6% |
| Amounts receivable after more than one year | 29 | €63,804 | €63,804 | = | 0.0% |
| Other amounts receivable | 291 | €63,804 | €63,804 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €139,493 | €167,468 | +€27,976 | +20.1% |
| Trade receivables | 40 | €25,141 | €9,405 | -€15,736 | -62.6% |
| Other amounts receivable | 41 | €114,352 | €158,063 | +€43,712 | +38.2% |
| Cash at bank and in hand | 54/58 | €459 | €341 | -€118 | -25.7% |
| Deferred charges and accrued income | 490/1 | €884 | €884 | = | 0.0% |
| Total equity and liabilities | 10/49 | €237,448 | €252,040 | +€14,592 | +6.1% |
| Equity | 10/15 | €184,965 | €96,228 | -€88,737 | -48.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Contributions outside capital | 11 | €12,400 | - | -€12,400 | |
| Share premium | 1100/10 | €12,400 | - | -€12,400 | |
| Reserves | 13 | €172,565 | €83,828 | -€88,737 | -51.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | - | €1,860 | +€1,860 | |
| Distributable reserves | 133 | €170,705 | €81,968 | -€88,737 | -52.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €52,483 | €155,813 | +€103,329 | +196.9% |
| Amounts payable after more than one year | 17 | €0 | €15,695 | +€15,695 | |
| Financial debts | 170/4 | €0 | €15,695 | +€15,695 | |
| Amounts payable within one year | 42/48 | €52,483 | €140,118 | +€87,634 | +167.0% |
| Current portion of amounts payable after more than one year | 42 | €7,068 | €8,007 | +€939 | +13.3% |
| Financial debts | 43 | €15,499 | €10,487 | -€5,013 | -32.3% |
| Credit institutions | 430/8 | €15,499 | €10,487 | -€5,013 | -32.3% |
| Trade debts | 44 | €3,190 | €2,832 | -€358 | -11.2% |
| Suppliers | 440/4 | €3,190 | €2,832 | -€358 | -11.2% |
| Taxes, remuneration and social security | 45 | €15,392 | €39,958 | +€24,567 | +159.6% |
| Taxes | 450/3 | €15,392 | €39,958 | +€24,567 | +159.6% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €11,334 | €78,834 | +€67,500 | +595.6% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Turnover | 70 | €227,044 | - | -€227,044 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €134,376 | - | -€134,376 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,659 | €13,265 | -€11,394 | -46.2% |
| Other operating charges | 640/8 | €975 | €552 | -€422 | -43.3% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €92,668 | €38,434 | -€54,234 | -58.5% |
| Operating profit (loss) | 9901 | €67,034 | €24,616 | -€42,418 | -63.3% |
| Financial income | 75/76B | €542 | €115 | -€427 | -78.7% |
| Recurring financial income | 75 | €542 | €115 | -€427 | -78.7% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €3,183 | €3,008 | -€176 | -5.5% |
| Recurring financial charges | 65 | €3,183 | €3,008 | -€176 | -5.5% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €64,393 | €21,724 | -€42,669 | -66.3% |
| Income taxes | 67/77 | €17,849 | €14,032 | -€3,817 | -21.4% |
| Profit (loss) for the period | 9904 | €46,544 | €7,692 | -€38,852 | -83.5% |
| Profit (loss) for the period to be appropriated | 9905 | €46,544 | €7,692 | -€38,852 | -83.5% |
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 9 October 2026 via checked.be.