Maven Consult: 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.
Maven Consult
Largest movements
- Cash +€69,425
up €69,425 (+118%), from €58,619 to €128,043
mainly Net result for the year (+€77,053) and Tax, wage and social debts (+€32,169)
- Current investments +€20,225
up €20,225 (+101%), from €20,000 to €40,225
- Receivables within one year -€12,455
down €12,455 (-99.6%), from €12,500 to €45
- Tangible fixed assets -€11,394
down €11,394 (-29.0%), from €39,340 to €27,946
- Deferred charges and accrued income +€6,902
up €6,902 (+364%), from €1,895 to €8,797
- Reserves +€77,053
up €77,053 (+141%), from €54,544 to €131,596
- Debts after one year -€37,445
down €37,445 (-17.8%), from €210,129 to €172,684
- Tax, wage and social debts +€32,169
up €32,169 (+129%), from €24,942 to €57,111
of which Taxes: +€30,729
- Gross operating margin +€16,439
up €16,439 (+17.4%), from €94,408 to €110,847
- Depreciation -€7,350
down €7,350 (-39.2%), from €18,743 to €11,394
- Financial income +€6,665
up €6,665 (+1,319%), from €505 to €7,170
- Taxes +€5,257
up €5,257 (+33.7%), from €15,611 to €20,868
- Financial charges +€4,884
up €4,884 (+151%), from €3,230 to €8,114
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 | €348,754 | €421,457 | +€72,703 | +20.8% |
| Fixed assets | 21/28 | €39,740 | €28,346 | -€11,394 | -28.7% |
| Tangible fixed assets | 22/27 | €39,340 | €27,946 | -€11,394 | -29.0% |
| Furniture and vehicles | 24 | €39,340 | €27,946 | -€11,394 | -29.0% |
| Financial fixed assets | 28 | €400 | €400 | = | 0.0% |
| Current assets | 29/58 | €309,014 | €393,111 | +€84,097 | +27.2% |
| Amounts receivable after more than one year | 29 | €216,000 | €216,000 | = | 0.0% |
| Other amounts receivable | 291 | €216,000 | €216,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €12,500 | €45 | -€12,455 | -99.6% |
| Trade receivables | 40 | €12,500 | €45 | -€12,455 | -99.6% |
| Current investments | 50/53 | €20,000 | €40,225 | +€20,225 | +101% |
| Cash at bank and in hand | 54/58 | €58,619 | €128,043 | +€69,425 | +118% |
| Deferred charges and accrued income | 490/1 | €1,895 | €8,797 | +€6,902 | +364% |
| Total equity and liabilities | 10/49 | €348,754 | €421,457 | +€72,703 | +20.8% |
| Equity | 10/15 | €58,544 | €135,596 | +€77,053 | +132% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €54,544 | €131,596 | +€77,053 | +141% |
| Distributable reserves | 133 | €54,544 | €131,596 | +€77,053 | +141% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €290,210 | €285,861 | -€4,350 | -1.5% |
| Amounts payable after more than one year | 17 | €210,129 | €172,684 | -€37,445 | -17.8% |
| Financial debts | 170/4 | €210,129 | €172,684 | -€37,445 | -17.8% |
| Amounts payable within one year | 42/48 | €78,164 | €111,240 | +€33,075 | +42.3% |
| Current portion of amounts payable after more than one year | 42 | €36,186 | €37,445 | +€1,259 | +3.5% |
| Trade debts | 44 | €300 | €52 | -€248 | -82.5% |
| Suppliers | 440/4 | €300 | €52 | -€248 | -82.5% |
| Taxes, remuneration and social security | 45 | €24,942 | €57,111 | +€32,169 | +129% |
| Taxes | 450/3 | €22,911 | €53,639 | +€30,729 | +134% |
| Remuneration and social security | 454/9 | €2,032 | €3,472 | +€1,441 | +70.9% |
| Other amounts payable | 47/48 | €16,736 | €16,631 | -€105 | -0.6% |
| Accrued charges and deferred income | 492/3 | €1,917 | €1,937 | +€20 | +1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,743 | €11,394 | -€7,350 | -39.2% |
| Other operating charges | 640/8 | €1,302 | €589 | -€714 | -54.8% |
| Gross operating margin | 9900 | €94,408 | €110,847 | +€16,439 | +17.4% |
| Operating profit (loss) | 9901 | €74,362 | €98,865 | +€24,503 | +33.0% |
| Financial income | 75/76B | €505 | €7,170 | +€6,665 | +1,319% |
| Recurring financial income | 75 | €505 | €7,170 | +€6,665 | +1,319% |
| Financial charges | 65/66B | €3,230 | €8,114 | +€4,884 | +151% |
| Recurring financial charges | 65 | €3,230 | €8,114 | +€4,884 | +151% |
| Profit (loss) for the period before taxes | 9903 | €71,637 | €97,921 | +€26,284 | +36.7% |
| Income taxes | 67/77 | €15,611 | €20,868 | +€5,257 | +33.7% |
| Profit (loss) for the period | 9904 | €56,026 | €77,053 | +€21,027 | +37.5% |
| Profit (loss) for the period to be appropriated | 9905 | €56,026 | €77,053 | +€21,027 | +37.5% |
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 23 October 2026 via checked.be.