MAVASA: 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.
MAVASA
Largest movements
- Cash +€30,023
up €30,023 (+382.5%), from €7,850 to €37,873
mainly Net result for the year (+€28,245) and Tax, wage and social debts (+€6,100)
- Receivables within one year +€3,583
up €3,583 (+31.2%), from €11,471 to €15,054
of which Other amounts receivable: +€2,954
- Tangible fixed assets +€785
up €785 (+8.6%), from €9,150 to €9,936
of which Land and buildings: +€4,683
- Reserves +€28,250
up €28,250 (+103.7%), from €27,250 to €55,500
- Tax, wage and social debts +€6,100
up €6,100 (+74.1%), from €8,234 to €14,334
- Gross operating margin +€27,618
up €27,618 (+174.9%), from €15,791 to €43,409
- Taxes +€5,141
up €5,141 (+198.7%), from €2,587 to €7,728
- Financial charges +€2,115
up €2,115 (+1078.0%), from €196 to €2,312
- Depreciation +€816
up €816 (+25.9%), from €3,155 to €3,971
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.
Cash bridge derived
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 | €39,207 | €73,959 | +€34,752 | +88.6% |
| Fixed assets | 21/28 | €9,150 | €9,936 | +€785 | +8.6% |
| Tangible fixed assets | 22/27 | €9,150 | €9,936 | +€785 | +8.6% |
| Land and buildings | 22 | - | €4,683 | +€4,683 | |
| Plant, machinery and equipment | 23 | - | €0 | = | |
| Furniture and vehicles | 24 | €3,007 | €5,253 | +€2,246 | +74.7% |
| Other tangible fixed assets | 26 | €6,143 | - | -€6,143 | |
| Current assets | 29/58 | €30,057 | €64,023 | +€33,967 | +113.0% |
| Amounts receivable after more than one year | 29 | €10,000 | €10,000 | = | 0.0% |
| Other amounts receivable | 291 | €10,000 | €10,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €11,471 | €15,054 | +€3,583 | +31.2% |
| Trade receivables | 40 | €11,471 | €12,100 | +€629 | +5.5% |
| Other amounts receivable | 41 | - | €2,954 | +€2,954 | |
| Cash at bank and in hand | 54/58 | €7,850 | €37,873 | +€30,023 | +382.5% |
| Deferred charges and accrued income | 490/1 | €736 | €1,097 | +€361 | +49.0% |
| Total equity and liabilities | 10/49 | €39,207 | €73,959 | +€34,752 | +88.6% |
| Equity | 10/15 | €30,280 | €58,524 | +€28,245 | +93.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €27,250 | €55,500 | +€28,250 | +103.7% |
| Distributable reserves | 133 | €27,250 | €55,500 | +€28,250 | +103.7% |
| Profit (loss) carried forward | 14 | €30 | €24 | -€5 | -18.0% |
| Amounts payable | 17/49 | €8,928 | €15,435 | +€6,507 | +72.9% |
| Amounts payable within one year | 42/48 | €8,928 | €15,435 | +€6,507 | +72.9% |
| Trade debts | 44 | €541 | €1,101 | +€560 | +103.4% |
| Suppliers | 440/4 | €541 | €1,101 | +€560 | +103.4% |
| Taxes, remuneration and social security | 45 | €8,234 | €14,334 | +€6,100 | +74.1% |
| Taxes | 450/3 | €8,234 | €14,334 | +€6,100 | +74.1% |
| Other amounts payable | 47/48 | €152 | €0 | -€152 | -100.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,155 | €3,971 | +€816 | +25.9% |
| Other operating charges | 640/8 | €957 | €1,154 | +€197 | +20.6% |
| Gross operating margin | 9900 | €15,791 | €43,409 | +€27,618 | +174.9% |
| Operating profit (loss) | 9901 | €11,679 | €38,285 | +€26,606 | +227.8% |
| Financial income | 75/76B | €0 | €0 | +€0 | |
| Recurring financial income | 75 | €0 | €0 | +€0 | |
| Financial charges | 65/66B | €196 | €2,312 | +€2,115 | +1078.0% |
| Recurring financial charges | 65 | €196 | €2,312 | +€2,115 | +1078.0% |
| Profit (loss) for the period before taxes | 9903 | €11,483 | €35,973 | +€24,490 | +213.3% |
| Income taxes | 67/77 | €2,587 | €7,728 | +€5,141 | +198.7% |
| Profit (loss) for the period | 9904 | €8,895 | €28,245 | +€19,349 | +217.5% |
| Profit (loss) for the period to be appropriated | 9905 | €8,895 | €28,245 | +€19,349 | +217.5% |
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 9 October 2026 via checked.be.