MAVI: 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.
MAVI
Largest movements
- Cash -€2,589
down €2,589 (-82.2%), from €3,151 to €562
mainly Net result for the year (-€5,436) and Trade debts (-€617)
- Profit (loss) carried forward -€5,436
down €5,436 (-94.1%), from -€5,778 to -€11,213
- Other debts +€3,500
up €3,500 (+17.7%), from €19,773 to €23,273
- Trade debts -€617
no longer reported in 2025 (was €617)
- Gross operating margin +€844
up €844 (+35.4%), from -€2,387 to -€1,543
- Purchases and services -€844
down €844 (-35.4%), from €2,387 to €1,543
- Depreciation -€346
no longer reported in 2025 (was €346)
- Other operating charges +€50
up €50 (+1.3%), from €3,835 to €3,885
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 | €28,864 | €26,311 | -€2,553 | -8.8% |
| Fixed assets | 21/28 | €24,789 | €24,789 | = | 0.0% |
| Tangible fixed assets | 22/27 | €24,789 | €24,789 | = | 0.0% |
| Land and buildings | 22 | €24,789 | €24,789 | = | 0.0% |
| Current assets | 29/58 | €4,074 | €1,521 | -€2,553 | -62.7% |
| Cash at bank and in hand | 54/58 | €3,151 | €562 | -€2,589 | -82.2% |
| Deferred charges and accrued income | 490/1 | €923 | €959 | +€36 | +3.9% |
| Total equity and liabilities | 10/49 | €28,864 | €26,311 | -€2,553 | -8.8% |
| Equity | 10/15 | €8,474 | €3,038 | -€5,436 | -64.1% |
| Contributions | 10/11 | €12,392 | €12,392 | = | 0.0% |
| 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 | -€5,778 | -€11,213 | -€5,436 | -94.1% |
| Amounts payable | 17/49 | €20,390 | €23,273 | +€2,883 | +14.1% |
| Amounts payable within one year | 42/48 | €20,390 | €23,273 | +€2,883 | +14.1% |
| Trade debts | 44 | €617 | - | -€617 | |
| Suppliers | 440/4 | €617 | - | -€617 | |
| Other amounts payable | 47/48 | €19,773 | €23,273 | +€3,500 | +17.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €2,387 | €1,543 | -€844 | -35.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €346 | - | -€346 | |
| Other operating charges | 640/8 | €3,835 | €3,885 | +€50 | +1.3% |
| Gross operating margin | 9900 | -€2,387 | -€1,543 | +€844 | +35.4% |
| Operating profit (loss) | 9901 | -€6,568 | -€5,428 | +€1,140 | +17.4% |
| Financial income | 75/76B | €29 | €28 | -€1 | -3.8% |
| Recurring financial income | 75 | €29 | €28 | -€1 | -3.8% |
| Financial charges | 65/66B | €45 | €45 | = | 0.0% |
| Recurring financial charges | 65 | €45 | €45 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€6,583 | -€5,444 | +€1,139 | +17.3% |
| Income taxes | 67/77 | €9 | -€9 | -€18 | |
| Profit (loss) for the period | 9904 | -€6,592 | -€5,436 | +€1,157 | +17.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,592 | -€5,436 | +€1,157 | +17.5% |
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 30 September 2026 via checked.be.