MAVAMIE: 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.
MAVAMIE
Largest movements
- Receivables within one year +€55,380
up €55,380 (+164%), from €33,856 to €89,236
of which Trade receivables: +€56,542
- Deferred charges and accrued income +€8,834
up €8,834 (+9,703%), from €91 to €8,925
- Cash +€5,148
up €5,148 (+6.0%), from €85,874 to €91,022
mainly Net result for the year (+€181,483) and Other debts (+€50,610)
- Other debts +€50,610
up €50,610 (+38.7%), from €130,872 to €181,483
- Tax, wage and social debts +€16,087
up €16,087 (+766%), from €2,100 to €18,187
- Gross operating margin +€66,491
up €66,491 (+37.1%), from €179,140 to €245,631
- Taxes +€16,667
up €16,667 (+42.3%), from €39,419 to €56,087
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 | €139,057 | €206,497 | +€67,440 | +48.5% |
| Fixed assets | 21/28 | €19,236 | €17,314 | -€1,922 | -10.0% |
| Tangible fixed assets | 22/27 | €19,236 | €17,314 | -€1,922 | -10.0% |
| Plant, machinery and equipment | 23 | €6,527 | €5,547 | -€980 | -15.0% |
| Furniture and vehicles | 24 | €5,268 | €5,614 | +€345 | +6.6% |
| Other tangible fixed assets | 26 | €7,440 | €6,153 | -€1,286 | -17.3% |
| Current assets | 29/58 | €119,821 | €189,183 | +€69,362 | +57.9% |
| Amounts receivable within one year | 40/41 | €33,856 | €89,236 | +€55,380 | +164% |
| Trade receivables | 40 | €32,105 | €88,647 | +€56,542 | +176% |
| Other amounts receivable | 41 | €1,751 | €590 | -€1,161 | -66.3% |
| Cash at bank and in hand | 54/58 | €85,874 | €91,022 | +€5,148 | +6.0% |
| Deferred charges and accrued income | 490/1 | €91 | €8,925 | +€8,834 | +9,703% |
| Total equity and liabilities | 10/49 | €139,057 | €206,497 | +€67,440 | +48.5% |
| Equity | 10/15 | €4,000 | €4,000 | = | 0.0% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €135,057 | €202,497 | +€67,440 | +49.9% |
| Amounts payable within one year | 42/48 | €135,057 | €202,497 | +€67,440 | +49.9% |
| Trade debts | 44 | €2,084 | €2,828 | +€743 | +35.7% |
| Suppliers | 440/4 | €2,084 | €2,828 | +€743 | +35.7% |
| Taxes, remuneration and social security | 45 | €2,100 | €18,187 | +€16,087 | +766% |
| Taxes | 450/3 | €2,100 | €18,187 | +€16,087 | +766% |
| Other amounts payable | 47/48 | €130,872 | €181,483 | +€50,610 | +38.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,910 | €6,451 | +€1,541 | +31.4% |
| Other operating charges | 640/8 | €604 | €719 | +€115 | +19.0% |
| Non-recurring operating charges | 66A | €3,000 | €0 | -€3,000 | -100% |
| Gross operating margin | 9900 | €179,140 | €245,631 | +€66,491 | +37.1% |
| Operating profit (loss) | 9901 | €170,626 | €238,461 | +€67,835 | +39.8% |
| Financial income | 75/76B | €60 | €48 | -€13 | -21.1% |
| Recurring financial income | 75 | €60 | €48 | -€13 | -21.1% |
| Financial charges | 65/66B | €395 | €939 | +€544 | +138% |
| Recurring financial charges | 65 | €395 | €939 | +€544 | +138% |
| Profit (loss) for the period before taxes | 9903 | €170,291 | €237,569 | +€67,278 | +39.5% |
| Income taxes | 67/77 | €39,419 | €56,087 | +€16,667 | +42.3% |
| Profit (loss) for the period | 9904 | €130,872 | €181,483 | +€50,610 | +38.7% |
| Profit (loss) for the period to be appropriated | 9905 | €130,872 | €181,483 | +€50,610 | +38.7% |
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 25 October 2026 via checked.be.