Mavajo: 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.
Mavajo
Largest movements
- Tangible fixed assets +€8,078
up €8,078 (+163%), from €4,955 to €13,033
of which Furniture and vehicles: +€7,263
- Cash +€2,518
up €2,518 (+5.5%), from €45,459 to €47,976
mainly Net result for the year (+€13,620) and Depreciation (+€3,134)
- Receivables within one year -€1,765
down €1,765 (-10.4%), from €16,937 to €15,172
of which Trade receivables: -€1,938
- Profit (loss) carried forward +€11,902
up €11,902 (+28.9%), from €41,124 to €53,026
- Tax, wage and social debts -€3,350
down €3,350 (-30.6%), from €10,961 to €7,611
- Depreciation +€2,494
up €2,494 (+390%), from €640 to €3,134
- Gross operating margin -€1,794
down €1,794 (-5.9%), from €30,558 to €28,764
- Financial charges +€1,723
up €1,723 (+64.8%), from €2,657 to €4,379
- Taxes +€841
up €841 (+14.4%), from €5,827 to €6,668
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 | €71,287 | €79,750 | +€8,463 | +11.9% |
| Fixed assets | 21/28 | €7,455 | €15,533 | +€8,078 | +108% |
| Tangible fixed assets | 22/27 | €4,955 | €13,033 | +€8,078 | +163% |
| Furniture and vehicles | 24 | €825 | €8,088 | +€7,263 | +880% |
| Other tangible fixed assets | 26 | €4,130 | €4,945 | +€815 | +19.7% |
| Financial fixed assets | 28 | €2,500 | €2,500 | = | 0.0% |
| Current assets | 29/58 | €63,832 | €64,217 | +€385 | +0.6% |
| Amounts receivable within one year | 40/41 | €16,937 | €15,172 | -€1,765 | -10.4% |
| Trade receivables | 40 | €16,937 | €14,999 | -€1,938 | -11.4% |
| Other amounts receivable | 41 | - | €174 | +€174 | |
| Cash at bank and in hand | 54/58 | €45,459 | €47,976 | +€2,518 | +5.5% |
| Deferred charges and accrued income | 490/1 | €1,436 | €1,069 | -€367 | -25.6% |
| Total equity and liabilities | 10/49 | €71,287 | €79,750 | +€8,463 | +11.9% |
| Equity | 10/15 | €46,124 | €58,026 | +€11,902 | +25.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €41,124 | €53,026 | +€11,902 | +28.9% |
| Amounts payable | 17/49 | €25,163 | €21,725 | -€3,439 | -13.7% |
| Amounts payable within one year | 42/48 | €23,479 | €20,477 | -€3,002 | -12.8% |
| Trade debts | 44 | €1,003 | €793 | -€210 | -20.9% |
| Suppliers | 440/4 | €1,003 | €793 | -€210 | -20.9% |
| Taxes, remuneration and social security | 45 | €10,961 | €7,611 | -€3,350 | -30.6% |
| Taxes | 450/3 | €10,961 | €7,611 | -€3,350 | -30.6% |
| Other amounts payable | 47/48 | €11,515 | €12,072 | +€557 | +4.8% |
| Accrued charges and deferred income | 492/3 | €1,685 | €1,248 | -€437 | -25.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €640 | €3,134 | +€2,494 | +390% |
| Other operating charges | 640/8 | €710 | €963 | +€253 | +35.7% |
| Non-recurring operating charges | 66A | €2,246 | €0 | -€2,246 | -100% |
| Gross operating margin | 9900 | €30,558 | €28,764 | -€1,794 | -5.9% |
| Operating profit (loss) | 9901 | €26,962 | €24,667 | -€2,295 | -8.5% |
| Financial income | 75/76B | €0 | €0 | -€0 | -75.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -75.0% |
| Financial charges | 65/66B | €2,657 | €4,379 | +€1,723 | +64.8% |
| Recurring financial charges | 65 | €2,657 | €4,379 | +€1,723 | +64.8% |
| Profit (loss) for the period before taxes | 9903 | €24,306 | €20,288 | -€4,018 | -16.5% |
| Income taxes | 67/77 | €5,827 | €6,668 | +€841 | +14.4% |
| Profit (loss) for the period | 9904 | €18,478 | €13,620 | -€4,858 | -26.3% |
| Profit (loss) for the period to be appropriated | 9905 | €18,478 | €13,620 | -€4,858 | -26.3% |
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 31 October 2026 via checked.be.