MAVECS: 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.
MAVECS
Largest movements
- Receivables within one year -€816
down €816 (-7.3%), from €11,138 to €10,323
of which Other amounts receivable: -€816
- Profit (loss) carried forward -€817
down €817 (-14.6%), from -€5,610 to -€6,427
- Other operating charges +€837
new in 2025: €837
- Gross operating margin +€189
up €189 (+42.0%), from -€450 to -€261
- Purchases and services -€189
down €189 (-42.0%), from €450 to €261
- Financial income -€41
down €41 (-12.8%), from €322 to €281
of which Financial income: -€41
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €14,857 | €14,041 | -€816 | -5.5% |
| Fixed assets | 21/28 | €3,718 | €3,718 | = | 0.0% |
| Financial fixed assets | 28 | €3,718 | €3,718 | = | 0.0% |
| Current assets | 29/58 | €11,138 | €10,323 | -€816 | -7.3% |
| Amounts receivable within one year | 40/41 | €11,138 | €10,323 | -€816 | -7.3% |
| Trade receivables | 40 | €5,895 | €5,895 | = | 0.0% |
| Other amounts receivable | 41 | €5,243 | €4,427 | -€816 | -15.6% |
| Total equity and liabilities | 10/49 | €14,857 | €14,041 | -€816 | -5.5% |
| Equity | 10/15 | €14,841 | €14,024 | -€817 | -5.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Outside capital | 11 | - | €18,592 | +€18,592 | |
| Other | 1109/19 | - | €18,592 | +€18,592 | |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,610 | -€6,427 | -€817 | -14.6% |
| Amounts payable | 17/49 | €16 | €17 | +€1 | +7.7% |
| Amounts payable within one year | 42/48 | €16 | €17 | +€1 | +7.7% |
| Trade debts | 44 | €16 | €17 | +€1 | +7.7% |
| Suppliers | 440/4 | €16 | €17 | +€1 | +7.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €450 | €261 | -€189 | -42.0% |
| Other operating charges | 640/8 | - | €837 | +€837 | |
| Gross operating margin | 9900 | -€450 | -€261 | +€189 | +42.0% |
| Operating profit (loss) | 9901 | -€450 | -€1,098 | -€648 | -144.0% |
| Financial income | 75/76B | €322 | €281 | -€41 | -12.8% |
| Recurring financial income | 75 | €322 | €281 | -€41 | -12.8% |
| Non-recurring financial income | 76B | €322 | €281 | -€41 | -12.8% |
| Profit (loss) for the period before taxes | 9903 | -€128 | -€817 | -€689 | -537.6% |
| Profit (loss) for the period | 9904 | -€128 | -€817 | -€689 | -537.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€128 | -€817 | -€689 | -537.6% |
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 3 October 2026 via checked.be.