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
- Tangible fixed assets +€412,996
up €412,996 (+42.3%), from €976,561 to €1.4m
of which Other tangible fixed assets: +€426,450
- Receivables within one year +€175,016
up €175,016 (+242.4%), from €72,197 to €247,213
of which Trade receivables: +€175,806
- Debts after one year +€593,882
up €593,882 (+54.7%), from €1.1m to €1.7m
- Other debts +€157,356
up €157,356 (+2505.6%), from €6,280 to €163,636
- Profit (loss) carried forward -€97,871
down €97,871 (-62.1%), from -€157,606 to -€255,477
- Trade debts -€45,708
down €45,708 (-55.2%), from €82,813 to €37,105
- Depreciation +€24,933
up €24,933 (+54.1%), from €46,061 to €70,994
- Gross operating margin +€7,458
up €7,458 (+23.8%), from -€31,391 to -€23,934
- Other operating charges -€2,836
down €2,836 (-64.8%), from €4,377 to €1,541
- Financial charges +€658
up €658 (+82.1%), from €802 to €1,460
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,053,063 | €1,655,245 | +€602,182 | +57.2% |
| Fixed assets | 21/28 | €979,331 | €1,391,527 | +€412,196 | +42.1% |
| Intangible fixed assets | 21 | €2,770 | €1,970 | -€800 | -28.9% |
| Tangible fixed assets | 22/27 | €976,561 | €1,389,557 | +€412,996 | +42.3% |
| Land and buildings | 22 | €554,463 | €530,141 | -€24,321 | -4.4% |
| Plant, machinery and equipment | 23 | €6,484 | €12,926 | +€6,442 | +99.4% |
| Furniture and vehicles | 24 | €21,768 | €26,193 | +€4,425 | +20.3% |
| Other tangible fixed assets | 26 | €393,846 | €820,296 | +€426,450 | +108.3% |
| Current assets | 29/58 | €73,732 | €263,718 | +€189,986 | +257.7% |
| Amounts receivable within one year | 40/41 | €72,197 | €247,213 | +€175,016 | +242.4% |
| Trade receivables | 40 | €68,646 | €244,452 | +€175,806 | +256.1% |
| Other amounts receivable | 41 | €3,551 | €2,761 | -€790 | -22.3% |
| Cash at bank and in hand | 54/58 | €695 | €16,505 | +€15,810 | +2274.3% |
| Deferred charges and accrued income | 490/1 | €840 | - | -€840 | |
| Total equity and liabilities | 10/49 | €1,053,063 | €1,655,245 | +€602,182 | +57.2% |
| Equity | 10/15 | -€137,606 | -€235,477 | -€97,871 | -71.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€157,606 | -€255,477 | -€97,871 | -62.1% |
| Amounts payable | 17/49 | €1,190,669 | €1,890,722 | +€700,053 | +58.8% |
| Amounts payable after more than one year | 17 | €1,085,912 | €1,679,793 | +€593,882 | +54.7% |
| Financial debts | 170/4 | €1,085,912 | €1,679,793 | +€593,882 | +54.7% |
| Amounts payable within one year | 42/48 | €104,758 | €210,929 | +€106,171 | +101.3% |
| Current portion of amounts payable after more than one year | 42 | €6,328 | €5,912 | -€416 | -6.6% |
| Trade debts | 44 | €82,813 | €37,105 | -€45,708 | -55.2% |
| Suppliers | 440/4 | €82,813 | €37,105 | -€45,708 | -55.2% |
| Advances received on contracts in progress | 46 | - | €593 | +€593 | |
| Taxes, remuneration and social security | 45 | €9,338 | €3,683 | -€5,654 | -60.6% |
| Taxes | 450/3 | €9,338 | €3,683 | -€5,654 | -60.6% |
| Other amounts payable | 47/48 | €6,280 | €163,636 | +€157,356 | +2505.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,061 | €70,994 | +€24,933 | +54.1% |
| Other operating charges | 640/8 | €4,377 | €1,541 | -€2,836 | -64.8% |
| Gross operating margin | 9900 | -€31,391 | -€23,934 | +€7,458 | +23.8% |
| Operating profit (loss) | 9901 | -€81,829 | -€96,469 | -€14,640 | -17.9% |
| Financial income | 75/76B | €24 | €58 | +€34 | +139.4% |
| Recurring financial income | 75 | €24 | €58 | +€34 | +139.4% |
| Financial charges | 65/66B | €802 | €1,460 | +€658 | +82.1% |
| Recurring financial charges | 65 | €802 | €1,460 | +€658 | +82.1% |
| Profit (loss) for the period before taxes | 9903 | -€82,607 | -€97,871 | -€15,264 | -18.5% |
| Profit (loss) for the period | 9904 | -€82,607 | -€97,871 | -€15,264 | -18.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€82,607 | -€97,871 | -€15,264 | -18.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.