Mavalex Consulting: 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.
Mavalex Consulting
Largest movements
- Cash +€87,970
up €87,970 (+84.8%), from €103,726 to €191,696
mainly Net result for the year (+€57,473) and Receivables within one year (+€39,805)
- Receivables within one year -€39,805
down €39,805 (-51.6%), from €77,130 to €37,325
of which Trade receivables: -€29,802
- Tangible fixed assets -€16,982
down €16,982 (-3.2%), from €533,407 to €516,425
of which Land and buildings: -€16,667
- Reserves +€57,473
up €57,473 (+48.2%), from €119,354 to €176,828
- Debts after one year -€19,561
down €19,561 (-5.9%), from €333,356 to €313,795
- Other debts -€14,751
down €14,751 (-6.8%), from €216,178 to €201,427
- Gross operating margin +€27,168
up €27,168 (+31.9%), from €85,090 to €112,258
- Taxes +€5,334
up €5,334 (+44.5%), from €11,982 to €17,316
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 | €714,263 | €745,445 | +€31,182 | +4.4% |
| Fixed assets | 21/28 | €533,407 | €516,425 | -€16,982 | -3.2% |
| Tangible fixed assets | 22/27 | €533,407 | €516,425 | -€16,982 | -3.2% |
| Land and buildings | 22 | €532,858 | €516,191 | -€16,667 | -3.1% |
| Plant, machinery and equipment | 23 | €550 | €234 | -€316 | -57.4% |
| Current assets | 29/58 | €180,856 | €229,020 | +€48,165 | +26.6% |
| Amounts receivable within one year | 40/41 | €77,130 | €37,325 | -€39,805 | -51.6% |
| Trade receivables | 40 | €67,127 | €37,325 | -€29,802 | -44.4% |
| Other amounts receivable | 41 | €10,003 | €0 | -€10,003 | -100% |
| Cash at bank and in hand | 54/58 | €103,726 | €191,696 | +€87,970 | +84.8% |
| Total equity and liabilities | 10/49 | €714,263 | €745,445 | +€31,182 | +4.4% |
| Equity | 10/15 | €121,354 | €178,828 | +€57,473 | +47.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €119,354 | €176,828 | +€57,473 | +48.2% |
| Distributable reserves | 133 | €119,354 | €176,828 | +€57,473 | +48.2% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €592,909 | €566,618 | -€26,291 | -4.4% |
| Amounts payable after more than one year | 17 | €333,356 | €313,795 | -€19,561 | -5.9% |
| Financial debts | 170/4 | €333,356 | €313,795 | -€19,561 | -5.9% |
| Amounts payable within one year | 42/48 | €259,552 | €252,823 | -€6,730 | -2.6% |
| Current portion of amounts payable after more than one year | 42 | €18,738 | €19,561 | +€824 | +4.4% |
| Trade debts | 44 | €285 | €963 | +€678 | +238% |
| Suppliers | 440/4 | €285 | €963 | +€678 | +238% |
| Taxes, remuneration and social security | 45 | €24,352 | €30,871 | +€6,519 | +26.8% |
| Taxes | 450/3 | €21,852 | €30,871 | +€9,019 | +41.3% |
| Remuneration and social security | 454/9 | €2,500 | €0 | -€2,500 | -100% |
| Other amounts payable | 47/48 | €216,178 | €201,427 | -€14,751 | -6.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,181 | €16,982 | -€199 | -1.2% |
| Other operating charges | 640/8 | €4,451 | €5,395 | +€944 | +21.2% |
| Gross operating margin | 9900 | €85,090 | €112,258 | +€27,168 | +31.9% |
| Operating profit (loss) | 9901 | €63,459 | €89,881 | +€26,422 | +41.6% |
| Financial income | 75/76B | €165 | €6 | -€160 | -96.7% |
| Recurring financial income | 75 | €165 | €6 | -€160 | -96.7% |
| Financial charges | 65/66B | €16,122 | €15,097 | -€1,025 | -6.4% |
| Recurring financial charges | 65 | €16,122 | €15,097 | -€1,025 | -6.4% |
| Profit (loss) for the period before taxes | 9903 | €47,502 | €74,790 | +€27,288 | +57.4% |
| Income taxes | 67/77 | €11,982 | €17,316 | +€5,334 | +44.5% |
| Profit (loss) for the period | 9904 | €35,520 | €57,473 | +€21,954 | +61.8% |
| Profit (loss) for the period to be appropriated | 9905 | €35,520 | €57,473 | +€21,954 | +61.8% |
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 1 November 2026 via checked.be.