MAVEN GROUP: 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 GROUP
Largest movements
- Cash -€19,037
down €19,037 (-34.0%), from €55,926 to €36,888
mainly Net result for the year (-€12,510) and Receivables within one year (-€9,298)
- Receivables within one year +€9,298
up €9,298 (+18,114%), from €51 to €9,349
of which Trade receivables: +€8,331
- Deferred charges and accrued income -€8,861
down €8,861 (-92.7%), from €9,554 to €694
- Current investments -€1,512
down €1,512 (-44.6%), from €3,386 to €1,875
- Tangible fixed assets -€1,479
down €1,479 (-66.6%), from €2,220 to €741
- Profit (loss) carried forward -€16,014
down €16,014 (-29.5%), from €54,213 to €38,199
- Other debts -€7,002
down €7,002 (-95.4%), from €7,343 to €341
- Trade debts +€1,048
up €1,048 (+30.8%), from €3,398 to €4,446
- Gross operating margin -€17,370
down €17,370, from €8,551 to -€8,819
- Taxes -€1,683
down €1,683 (-100%), from €1,683 to €0
- Financial charges +€1,186
up €1,186 (+141%), from €841 to €2,027
of which Non-recurring financial charges: +€1,512
- Other operating charges -€440
down €440 (-70.3%), from €626 to €186
- Depreciation -€418
down €418 (-22.0%), from €1,896 to €1,479
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 | €71,223 | €49,632 | -€21,591 | -30.3% |
| Fixed assets | 21/28 | €2,305 | €826 | -€1,479 | -64.2% |
| Tangible fixed assets | 22/27 | €2,220 | €741 | -€1,479 | -66.6% |
| Furniture and vehicles | 24 | €2,220 | €741 | -€1,479 | -66.6% |
| Financial fixed assets | 28 | €85 | €85 | = | 0.0% |
| Current assets | 29/58 | €68,918 | €48,806 | -€20,112 | -29.2% |
| Amounts receivable within one year | 40/41 | €51 | €9,349 | +€9,298 | +18,114% |
| Trade receivables | 40 | €0 | €8,331 | +€8,331 | |
| Other amounts receivable | 41 | €51 | €1,018 | +€967 | +1,884% |
| Current investments | 50/53 | €3,386 | €1,875 | -€1,512 | -44.6% |
| Cash at bank and in hand | 54/58 | €55,926 | €36,888 | -€19,037 | -34.0% |
| Deferred charges and accrued income | 490/1 | €9,554 | €694 | -€8,861 | -92.7% |
| Total equity and liabilities | 10/49 | €71,223 | €49,632 | -€21,591 | -30.3% |
| Equity | 10/15 | €58,213 | €42,199 | -€16,014 | -27.5% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €54,213 | €38,199 | -€16,014 | -29.5% |
| Amounts payable | 17/49 | €13,010 | €7,434 | -€5,576 | -42.9% |
| Amounts payable within one year | 42/48 | €13,010 | €7,234 | -€5,776 | -44.4% |
| Trade debts | 44 | €3,398 | €4,446 | +€1,048 | +30.8% |
| Suppliers | 440/4 | €3,398 | €4,446 | +€1,048 | +30.8% |
| Taxes, remuneration and social security | 45 | €2,269 | €2,447 | +€178 | +7.8% |
| Taxes | 450/3 | €2,269 | €2,447 | +€178 | +7.8% |
| Other amounts payable | 47/48 | €7,343 | €341 | -€7,002 | -95.4% |
| Accrued charges and deferred income | 492/3 | - | €200 | +€200 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,896 | €1,479 | -€418 | -22.0% |
| Other operating charges | 640/8 | €626 | €186 | -€440 | -70.3% |
| Gross operating margin | 9900 | €8,551 | -€8,819 | -€17,370 | |
| Operating profit (loss) | 9901 | €6,028 | -€10,484 | -€16,512 | |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €841 | €2,027 | +€1,186 | +141% |
| Recurring financial charges | 65 | €841 | €515 | -€326 | -38.7% |
| Non-recurring financial charges | 66B | - | €1,512 | +€1,512 | |
| Profit (loss) for the period before taxes | 9903 | €5,188 | -€12,510 | -€17,698 | |
| Income taxes | 67/77 | €1,683 | €0 | -€1,683 | -100% |
| Profit (loss) for the period | 9904 | €3,505 | -€12,510 | -€16,015 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,505 | -€12,510 | -€16,015 |
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 21 October 2026 via checked.be.