MAVACON: 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.
MAVACON
Largest movements
- Tangible fixed assets +€42,958
up €42,958 (+2,129%), from €2,018 to €44,975
- Cash +€26,667
up €26,667 (+25.6%), from €104,135 to €130,801
mainly Net result for the year (+€71,925) and Depreciation (+€3,606)
- Profit (loss) carried forward +€71,925
up €71,925 (+86.7%), from €82,931 to €154,856
- Gross operating margin +€14,076
up €14,076 (+17.5%), from €80,553 to €94,629
- Taxes +€2,322
up €2,322 (+14.3%), from €16,218 to €18,539
- Depreciation +€2,022
up €2,022 (+128%), from €1,583 to €3,606
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 | €106,152 | €176,577 | +€70,425 | +66.3% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €2,018 | €44,975 | +€42,958 | +2,129% |
| Tangible fixed assets | 22/27 | €2,018 | €44,975 | +€42,958 | +2,129% |
| Furniture and vehicles | 24 | €2,018 | €44,975 | +€42,958 | +2,129% |
| Current assets | 29/58 | €104,135 | €131,602 | +€27,467 | +26.4% |
| Amounts receivable within one year | 40/41 | - | €801 | +€801 | |
| Trade receivables | 40 | - | €801 | +€801 | |
| Cash at bank and in hand | 54/58 | €104,135 | €130,801 | +€26,667 | +25.6% |
| Total equity and liabilities | 10/49 | €106,152 | €176,577 | +€70,425 | +66.3% |
| Equity | 10/15 | €85,431 | €157,356 | +€71,925 | +84.2% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €82,931 | €154,856 | +€71,925 | +86.7% |
| Amounts payable | 17/49 | €20,722 | €19,221 | -€1,500 | -7.2% |
| Amounts payable within one year | 42/48 | €20,722 | €19,221 | -€1,500 | -7.2% |
| Trade debts | 44 | €4,397 | €2,786 | -€1,611 | -36.6% |
| Suppliers | 440/4 | €4,397 | €2,786 | -€1,611 | -36.6% |
| Taxes, remuneration and social security | 45 | €16,325 | €16,435 | +€111 | +0.7% |
| Taxes | 450/3 | €16,325 | €16,435 | +€111 | +0.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,583 | €3,606 | +€2,022 | +128% |
| Other operating charges | 640/8 | €126 | €128 | +€2 | +1.5% |
| Gross operating margin | 9900 | €80,553 | €94,629 | +€14,076 | +17.5% |
| Operating profit (loss) | 9901 | €78,844 | €90,896 | +€12,052 | +15.3% |
| Financial income | 75/76B | €128 | €511 | +€384 | +301% |
| Recurring financial income | 75 | €128 | €511 | +€384 | +301% |
| Financial charges | 65/66B | €1,201 | €942 | -€259 | -21.6% |
| Recurring financial charges | 65 | €1,201 | €942 | -€259 | -21.6% |
| Profit (loss) for the period before taxes | 9903 | €77,770 | €90,465 | +€12,695 | +16.3% |
| Income taxes | 67/77 | €16,218 | €18,539 | +€2,322 | +14.3% |
| Profit (loss) for the period | 9904 | €61,552 | €71,925 | +€10,373 | +16.9% |
| Profit (loss) for the period to be appropriated | 9905 | €61,552 | €71,925 | +€10,373 | +16.9% |
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 15 October 2026 via checked.be.