MAVE Consult: 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.
MAVE Consult
Largest movements
- Tangible fixed assets +€16,381
up €16,381 (+106.6%), from €15,372 to €31,752
of which Land and buildings: +€12,948
- Cash +€8,388
up €8,388 (+24.7%), from €33,939 to €42,327
mainly Net result for the year (+€38,368) and Tax, wage and social debts (+€4,587)
- Receivables within one year +€3,064
up €3,064 (+26.6%), from €11,503 to €14,567
of which Trade receivables: +€3,086
- Reserves +€38,368
up €38,368 (+125.3%), from €30,623 to €68,992
- Other debts -€14,853
down €14,853 (-100.0%), from €14,853 to €0
- Tax, wage and social debts +€4,587
up €4,587 (+33.1%), from €13,862 to €18,450
- Gross operating margin +€19,470
up €19,470 (+57.0%), from €34,174 to €53,644
- Taxes +€3,379
up €3,379 (+46.4%), from €7,283 to €10,661
- Depreciation +€3,356
up €3,356 (+777.6%), from €432 to €3,788
- Financial charges -€1,071
down €1,071 (-85.4%), from €1,253 to €183
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 | €60,813 | €88,646 | +€27,833 | +45.8% |
| Fixed assets | 21/28 | €15,372 | €31,752 | +€16,381 | +106.6% |
| Tangible fixed assets | 22/27 | €15,372 | €31,752 | +€16,381 | +106.6% |
| Land and buildings | 22 | €14,865 | €27,813 | +€12,948 | +87.1% |
| Furniture and vehicles | 24 | €506 | €3,939 | +€3,433 | +678.4% |
| Current assets | 29/58 | €45,442 | €56,894 | +€11,452 | +25.2% |
| Amounts receivable within one year | 40/41 | €11,503 | €14,567 | +€3,064 | +26.6% |
| Trade receivables | 40 | €11,481 | €14,567 | +€3,086 | +26.9% |
| Other amounts receivable | 41 | €22 | €0 | -€22 | -100.0% |
| Cash at bank and in hand | 54/58 | €33,939 | €42,327 | +€8,388 | +24.7% |
| Total equity and liabilities | 10/49 | €60,813 | €88,646 | +€27,833 | +45.8% |
| Equity | 10/15 | €31,623 | €69,992 | +€38,368 | +121.3% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €30,623 | €68,992 | +€38,368 | +125.3% |
| Distributable reserves | 133 | €30,623 | €68,992 | +€38,368 | +125.3% |
| Amounts payable | 17/49 | €29,190 | €18,655 | -€10,535 | -36.1% |
| Amounts payable within one year | 42/48 | €29,190 | €18,655 | -€10,535 | -36.1% |
| Trade debts | 44 | €475 | €205 | -€270 | -56.8% |
| Suppliers | 440/4 | €475 | €205 | -€270 | -56.8% |
| Taxes, remuneration and social security | 45 | €13,862 | €18,450 | +€4,587 | +33.1% |
| Taxes | 450/3 | €13,862 | €18,450 | +€4,587 | +33.1% |
| Other amounts payable | 47/48 | €14,853 | €0 | -€14,853 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €432 | €3,788 | +€3,356 | +777.6% |
| Other operating charges | 640/8 | €522 | €644 | +€122 | +23.3% |
| Gross operating margin | 9900 | €34,174 | €53,644 | +€19,470 | +57.0% |
| Operating profit (loss) | 9901 | €33,220 | €49,212 | +€15,992 | +48.1% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €1,253 | €183 | -€1,071 | -85.4% |
| Recurring financial charges | 65 | €1,253 | €183 | -€1,071 | -85.4% |
| Profit (loss) for the period before taxes | 9903 | €31,966 | €49,030 | +€17,063 | +53.4% |
| Income taxes | 67/77 | €7,283 | €10,661 | +€3,379 | +46.4% |
| Profit (loss) for the period | 9904 | €24,684 | €38,368 | +€13,685 | +55.4% |
| Profit (loss) for the period to be appropriated | 9905 | €24,684 | €38,368 | +€13,685 | +55.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.