MAVADI: what changed
Two fiscal 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.
MAVADI
Largest movements
- Cash -€13,847
down €13,847 (-5.6%), from €246,120 to €232,273
mainly Net result for the year (-€12,036) and Other debts (-€731)
- Profit (loss) carried forward -€12,036
down €12,036 (-6.0%), from €201,516 to €189,481
- Other operating charges +€8,170
up €8,170 (+1071.2%), from €763 to €8,932
- Taxes -€713
down €713, from €356 to -€356
- Gross operating margin -€601
down €601 (-14.8%), from -€4,071 to -€4,672
- Financial income +€192
up €192 (+16.2%), from €1,188 to €1,380
- Financial charges -€69
down €69 (-29.4%), from €237 to €167
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.
Cash bridge derived
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 | €256,120 | €242,687 | -€13,433 | -5.2% |
| Fixed assets | 21/28 | €10,000 | €10,000 | = | 0.0% |
| Tangible fixed assets | 22/27 | €10,000 | €10,000 | = | 0.0% |
| Land and buildings | 22 | €10,000 | €10,000 | = | 0.0% |
| Current assets | 29/58 | €246,120 | €232,687 | -€13,433 | -5.5% |
| Amounts receivable within one year | 40/41 | - | €414 | +€414 | |
| Other amounts receivable | 41 | - | €414 | +€414 | |
| Cash at bank and in hand | 54/58 | €246,120 | €232,273 | -€13,847 | -5.6% |
| Total equity and liabilities | 10/49 | €256,120 | €242,687 | -€13,433 | -5.2% |
| Equity | 10/15 | €243,957 | €231,922 | -€12,036 | -4.9% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €23,849 | €23,849 | = | 0.0% |
| Distributable reserves | 133 | €23,849 | €23,849 | = | 0.0% |
| Profit (loss) carried forward | 14 | €201,516 | €189,481 | -€12,036 | -6.0% |
| Amounts payable | 17/49 | €12,162 | €10,765 | -€1,397 | -11.5% |
| Amounts payable within one year | 42/48 | €11,775 | €10,765 | -€1,010 | -8.6% |
| Trade debts | 44 | €694 | €914 | +€221 | +31.9% |
| Suppliers | 440/4 | €694 | €914 | +€221 | +31.9% |
| Taxes, remuneration and social security | 45 | €500 | €0 | -€500 | -100.0% |
| Taxes | 450/3 | €500 | €0 | -€500 | -100.0% |
| Other amounts payable | 47/48 | €10,582 | €9,851 | -€731 | -6.9% |
| Accrued charges and deferred income | 492/3 | €387 | - | -€387 | |
| Other operating charges | 640/8 | €763 | €8,932 | +€8,170 | +1071.2% |
| Gross operating margin | 9900 | -€4,071 | -€4,672 | -€601 | -14.8% |
| Operating profit (loss) | 9901 | -€4,834 | -€13,605 | -€8,771 | -181.5% |
| Financial income | 75/76B | €1,188 | €1,380 | +€192 | +16.2% |
| Recurring financial income | 75 | €1,188 | €1,380 | +€192 | +16.2% |
| Financial charges | 65/66B | €237 | €167 | -€69 | -29.4% |
| Recurring financial charges | 65 | €237 | €167 | -€69 | -29.4% |
| Profit (loss) for the period before taxes | 9903 | -€3,883 | -€12,392 | -€8,509 | -219.2% |
| Income taxes | 67/77 | €356 | -€356 | -€713 | |
| Profit (loss) for the period | 9904 | -€4,239 | -€12,036 | -€7,797 | -183.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,239 | -€12,036 | -€7,797 | -183.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.