MAVAR: 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.
MAVAR
Largest movements
- Tangible fixed assets +€124,999
up €124,999 (+10431.6%), from €1,198 to €126,197
of which Land and buildings: +€115,056
- Stocks and contracts -€40,000
down €40,000 (-50.0%), from €80,000 to €40,000
- Cash +€10,250
up €10,250 (+191.6%), from €5,349 to €15,599
mainly Net result for the year (+€46,240) and Stocks and contracts (+€40,000)
- Receivables within one year -€9,268
down €9,268 (-47.2%), from €19,617 to €10,349
of which Trade receivables: -€9,913
- Profit (loss) carried forward +€46,240
up €46,240, from -€4,963 to €41,276
- Advances received +€40,000
new in 2024: €40,000
- Other debts -€18,000
down €18,000 (-22.2%), from €81,116 to €63,116
- Tax, wage and social debts +€12,500
new in 2024: €12,500
- Trade debts +€5,241
up €5,241 (+46627.2%), from €11 to €5,252
- Gross operating margin +€60,141
up €60,141 (+417.8%), from €14,396 to €74,538
- Taxes +€12,500
new in 2024: €12,500
- Other operating charges +€8,886
up €8,886 (+798.2%), from €1,113 to €10,000
- Financial charges +€3,692
up €3,692 (+35132.3%), from €11 to €3,703
- Depreciation +€979
up €979 (+82.2%), from €1,192 to €2,171
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €106,164 | €192,145 | +€85,981 | +81.0% |
| Fixed assets | 21/28 | €1,198 | €126,197 | +€124,999 | +10431.6% |
| Tangible fixed assets | 22/27 | €1,198 | €126,197 | +€124,999 | +10431.6% |
| Land and buildings | 22 | - | €115,056 | +€115,056 | |
| Furniture and vehicles | 24 | €1,198 | €11,141 | +€9,943 | +829.7% |
| Current assets | 29/58 | €104,966 | €65,947 | -€39,018 | -37.2% |
| Stocks and contracts in progress | 3 | €80,000 | €40,000 | -€40,000 | -50.0% |
| Stocks | 30/36 | €80,000 | €40,000 | -€40,000 | -50.0% |
| Amounts receivable within one year | 40/41 | €19,617 | €10,349 | -€9,268 | -47.2% |
| Trade receivables | 40 | €15,811 | €5,898 | -€9,913 | -62.7% |
| Other amounts receivable | 41 | €3,805 | €4,450 | +€645 | +17.0% |
| Cash at bank and in hand | 54/58 | €5,349 | €15,599 | +€10,250 | +191.6% |
| Total equity and liabilities | 10/49 | €106,164 | €192,145 | +€85,981 | +81.0% |
| Equity | 10/15 | €25,037 | €71,276 | +€46,240 | +184.7% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,963 | €41,276 | +€46,240 | |
| Amounts payable | 17/49 | €81,127 | €120,868 | +€39,741 | +49.0% |
| Amounts payable within one year | 42/48 | €81,127 | €120,868 | +€39,741 | +49.0% |
| Trade debts | 44 | €11 | €5,252 | +€5,241 | +46627.2% |
| Suppliers | 440/4 | €11 | €5,252 | +€5,241 | +46627.2% |
| Advances received on contracts in progress | 46 | - | €40,000 | +€40,000 | |
| Taxes, remuneration and social security | 45 | - | €12,500 | +€12,500 | |
| Taxes | 450/3 | - | €12,500 | +€12,500 | |
| Other amounts payable | 47/48 | €81,116 | €63,116 | -€18,000 | -22.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,192 | €2,171 | +€979 | +82.2% |
| Other operating charges | 640/8 | €1,113 | €10,000 | +€8,886 | +798.2% |
| Gross operating margin | 9900 | €14,396 | €74,538 | +€60,141 | +417.8% |
| Operating profit (loss) | 9901 | €12,091 | €62,367 | +€50,276 | +415.8% |
| Financial income | 75/76B | €0 | €75 | +€75 | +37635.0% |
| Recurring financial income | 75 | €0 | €75 | +€75 | +37635.0% |
| Financial charges | 65/66B | €11 | €3,703 | +€3,692 | +35132.3% |
| Recurring financial charges | 65 | €11 | €3,703 | +€3,692 | +35132.3% |
| Profit (loss) for the period before taxes | 9903 | €12,081 | €58,740 | +€46,658 | +386.2% |
| Income taxes | 67/77 | - | €12,500 | +€12,500 | |
| Profit (loss) for the period | 9904 | €12,081 | €46,240 | +€34,158 | +282.7% |
| Profit (loss) for the period to be appropriated | 9905 | €12,081 | €46,240 | +€34,158 | +282.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.