Mavaj: 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.
Mavaj
Largest movements
- Cash +€8,301
up €8,301 (+236%), from €3,519 to €11,819
mainly Net result for the year (+€10,212) and Receivables within one year (+€7,000)
- Receivables within one year -€7,000
down €7,000 (-15.5%), from €45,158 to €38,157
- Deferred charges and accrued income -€4,202
down €4,202 (-98.1%), from €4,282 to €80
- Reserves +€5,146
up €5,146 (+41.3%), from €12,468 to €17,614
- Trade debts -€4,477
down €4,477 (-28.5%), from €15,717 to €11,240
- Tax, wage and social debts -€3,232
down €3,232 (-22.6%), from €14,294 to €11,062
- Other debts -€642
down €642 (-5.8%), from €11,125 to €10,483
- Other operating charges +€3,110
up €3,110 (+170%), from €1,830 to €4,940
- Taxes -€2,530
down €2,530 (-35.8%), from €7,069 to €4,539
- Financial charges +€2,176
up €2,176 (+123%), from €1,765 to €3,941
- Depreciation -€432
down €432 (-15.2%), from €2,846 to €2,414
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 | €59,836 | €56,868 | -€2,968 | -5.0% |
| Fixed assets | 21/28 | €6,878 | €6,812 | -€66 | -1.0% |
| Tangible fixed assets | 22/27 | €6,878 | €6,812 | -€66 | -1.0% |
| Furniture and vehicles | 24 | €2,378 | €3,812 | +€1,434 | +60.3% |
| Other tangible fixed assets | 26 | €4,500 | €3,000 | -€1,500 | -33.3% |
| Current assets | 29/58 | €52,959 | €50,057 | -€2,902 | -5.5% |
| Amounts receivable within one year | 40/41 | €45,158 | €38,157 | -€7,000 | -15.5% |
| Trade receivables | 40 | €45,158 | €38,157 | -€7,000 | -15.5% |
| Cash at bank and in hand | 54/58 | €3,519 | €11,819 | +€8,301 | +236% |
| Deferred charges and accrued income | 490/1 | €4,282 | €80 | -€4,202 | -98.1% |
| Total equity and liabilities | 10/49 | €59,836 | €56,868 | -€2,968 | -5.0% |
| Equity | 10/15 | €18,668 | €23,814 | +€5,146 | +27.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €12,468 | €17,614 | +€5,146 | +41.3% |
| Distributable reserves | 133 | €12,468 | €17,614 | +€5,146 | +41.3% |
| Amounts payable | 17/49 | €41,168 | €33,054 | -€8,114 | -19.7% |
| Amounts payable within one year | 42/48 | €41,136 | €32,785 | -€8,351 | -20.3% |
| Trade debts | 44 | €15,717 | €11,240 | -€4,477 | -28.5% |
| Suppliers | 440/4 | €15,717 | €11,240 | -€4,477 | -28.5% |
| Taxes, remuneration and social security | 45 | €14,294 | €11,062 | -€3,232 | -22.6% |
| Taxes | 450/3 | €14,294 | €11,062 | -€3,232 | -22.6% |
| Other amounts payable | 47/48 | €11,125 | €10,483 | -€642 | -5.8% |
| Accrued charges and deferred income | 492/3 | €32 | €269 | +€237 | +744% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,846 | €2,414 | -€432 | -15.2% |
| Other operating charges | 640/8 | €1,830 | €4,940 | +€3,110 | +170% |
| Non-recurring operating charges | 66A | - | €261 | +€261 | |
| Gross operating margin | 9900 | €26,459 | €26,306 | -€153 | -0.6% |
| Operating profit (loss) | 9901 | €21,783 | €18,691 | -€3,092 | -14.2% |
| Financial income | 75/76B | €19 | €2 | -€17 | -89.7% |
| Recurring financial income | 75 | €19 | €2 | -€17 | -89.7% |
| Financial charges | 65/66B | €1,765 | €3,941 | +€2,176 | +123% |
| Recurring financial charges | 65 | €1,765 | €3,941 | +€2,176 | +123% |
| Profit (loss) for the period before taxes | 9903 | €20,037 | €14,751 | -€5,286 | -26.4% |
| Income taxes | 67/77 | €7,069 | €4,539 | -€2,530 | -35.8% |
| Profit (loss) for the period | 9904 | €12,968 | €10,212 | -€2,756 | -21.2% |
| Profit (loss) for the period to be appropriated | 9905 | €12,968 | €10,212 | -€2,756 | -21.2% |
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 14 October 2026 via checked.be.