MAVASTA: 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.
MAVASTA
Largest movements
- Receivables within one year -€218,562
down €218,562 (-64.6%), from €338,329 to €119,767
of which Other amounts receivable: -€264,668
- Cash +€118,982
up €118,982 (+88.1%), from €134,986 to €253,969
mainly Net result for the year (+€294,067) and Receivables within one year (+€218,562)
- Tangible fixed assets -€27,728
down €27,728 (-23.7%), from €116,876 to €89,148
of which Other tangible fixed assets: -€26,367
- Other debts -€84,950
down €84,950 (-17.8%), from €478,520 to €393,570
- Tax, wage and social debts -€39,501
down €39,501 (-47.1%), from €83,866 to €44,365
of which Taxes: -€39,349
- Gross operating margin +€22,801
up €22,801 (+5.6%), from €403,732 to €426,533
- Depreciation +€6,661
up €6,661 (+31.6%), from €21,067 to €27,728
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 | €590,192 | €462,884 | -€127,308 | -21.6% |
| Fixed assets | 21/28 | €116,876 | €89,148 | -€27,728 | -23.7% |
| Tangible fixed assets | 22/27 | €116,876 | €89,148 | -€27,728 | -23.7% |
| Furniture and vehicles | 24 | €6,050 | €4,689 | -€1,361 | -22.5% |
| Other tangible fixed assets | 26 | €110,826 | €84,459 | -€26,367 | -23.8% |
| Current assets | 29/58 | €473,316 | €373,736 | -€99,579 | -21.0% |
| Amounts receivable within one year | 40/41 | €338,329 | €119,767 | -€218,562 | -64.6% |
| Trade receivables | 40 | €73,661 | €119,767 | +€46,107 | +62.6% |
| Other amounts receivable | 41 | €264,668 | €0 | -€264,668 | -100% |
| Cash at bank and in hand | 54/58 | €134,986 | €253,969 | +€118,982 | +88.1% |
| Total equity and liabilities | 10/49 | €590,192 | €462,884 | -€127,308 | -21.6% |
| Equity | 10/15 | €20,460 | €20,460 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €0 | - | = | |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €569,732 | €442,424 | -€127,308 | -22.3% |
| Amounts payable within one year | 42/48 | €569,620 | €442,340 | -€127,280 | -22.3% |
| Trade debts | 44 | €7,234 | €4,405 | -€2,829 | -39.1% |
| Suppliers | 440/4 | €7,234 | €4,405 | -€2,829 | -39.1% |
| Taxes, remuneration and social security | 45 | €83,866 | €44,365 | -€39,501 | -47.1% |
| Taxes | 450/3 | €79,453 | €40,104 | -€39,349 | -49.5% |
| Remuneration and social security | 454/9 | €4,413 | €4,260 | -€152 | -3.4% |
| Other amounts payable | 47/48 | €478,520 | €393,570 | -€84,950 | -17.8% |
| Accrued charges and deferred income | 492/3 | €112 | €84 | -€27 | -24.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,067 | €27,728 | +€6,661 | +31.6% |
| Other operating charges | 640/8 | €4,559 | €3,745 | -€814 | -17.9% |
| Gross operating margin | 9900 | €403,732 | €426,533 | +€22,801 | +5.6% |
| Operating profit (loss) | 9901 | €378,106 | €395,060 | +€16,954 | +4.5% |
| Financial income | 75/76B | €10,960 | €9,645 | -€1,315 | -12.0% |
| Recurring financial income | 75 | €10,960 | €9,645 | -€1,315 | -12.0% |
| Financial charges | 65/66B | €3,180 | €4,483 | +€1,303 | +41.0% |
| Recurring financial charges | 65 | €3,180 | €4,483 | +€1,303 | +41.0% |
| Profit (loss) for the period before taxes | 9903 | €385,886 | €400,222 | +€14,335 | +3.7% |
| Income taxes | 67/77 | €101,992 | €106,154 | +€4,162 | +4.1% |
| Profit (loss) for the period | 9904 | €283,894 | €294,067 | +€10,173 | +3.6% |
| Transfer from tax-exempt reserves | 789 | €164,190 | €0 | -€164,190 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €448,084 | €294,067 | -€154,017 | -34.4% |
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 14 October 2026 via checked.be.