MaVi: 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.
MaVi
Largest movements
- Cash +€20,540
up €20,540 (+39.1%), from €52,589 to €73,130
mainly Net result for the year (+€20,027) and Receivables within one year (+€16,069)
- Receivables within one year -€16,069
down €16,069 (-82.1%), from €19,561 to €3,493
of which Trade receivables: -€16,033
- Financial fixed assets +€10,000
new in 2026: €10,000
- Reserves +€20,027
up €20,027 (+38.7%), from €51,736 to €71,763
- Tax, wage and social debts -€4,596
down €4,596 (-29.8%), from €15,403 to €10,807
of which Taxes: -€4,596
- Gross operating margin +€4,792
up €4,792 (+19.4%), from €24,680 to €29,473
- Financial charges +€2,431
up €2,431 (+6483.8%), from €38 to €2,469
- Taxes +€512
up €512 (+10.1%), from €5,067 to €5,579
- Depreciation +€465
up €465 (+59.2%), from €786 to €1,251
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €74,023 | €88,879 | +€14,856 | +20.1% |
| Fixed assets | 21/28 | €1,872 | €12,257 | +€10,385 | +554.8% |
| Tangible fixed assets | 22/27 | €1,872 | €2,257 | +€385 | +20.6% |
| Plant, machinery and equipment | 23 | €1,872 | €2,257 | +€385 | +20.6% |
| Financial fixed assets | 28 | - | €10,000 | +€10,000 | |
| Current assets | 29/58 | €72,151 | €76,622 | +€4,471 | +6.2% |
| Amounts receivable within one year | 40/41 | €19,561 | €3,493 | -€16,069 | -82.1% |
| Trade receivables | 40 | €16,033 | - | -€16,033 | |
| Other amounts receivable | 41 | €3,529 | €3,493 | -€36 | -1.0% |
| Cash at bank and in hand | 54/58 | €52,589 | €73,130 | +€20,540 | +39.1% |
| Total equity and liabilities | 10/49 | €74,023 | €88,879 | +€14,856 | +20.1% |
| Equity | 10/15 | €55,236 | €75,263 | +€20,027 | +36.3% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Reserves | 13 | €51,736 | €71,763 | +€20,027 | +38.7% |
| Distributable reserves | 133 | €51,736 | €71,763 | +€20,027 | +38.7% |
| Amounts payable | 17/49 | €18,786 | €13,616 | -€5,170 | -27.5% |
| Amounts payable within one year | 42/48 | €18,786 | €13,616 | -€5,170 | -27.5% |
| Trade debts | 44 | €3,173 | €2,598 | -€575 | -18.1% |
| Suppliers | 440/4 | €3,173 | €2,598 | -€575 | -18.1% |
| Taxes, remuneration and social security | 45 | €15,403 | €10,807 | -€4,596 | -29.8% |
| Taxes | 450/3 | €13,175 | €8,579 | -€4,596 | -34.9% |
| Remuneration and social security | 454/9 | €2,228 | €2,228 | = | 0.0% |
| Other amounts payable | 47/48 | €210 | €210 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €786 | €1,251 | +€465 | +59.2% |
| Other operating charges | 640/8 | €62 | €147 | +€85 | +137.8% |
| Gross operating margin | 9900 | €24,680 | €29,473 | +€4,792 | +19.4% |
| Operating profit (loss) | 9901 | €23,833 | €28,074 | +€4,242 | +17.8% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €38 | €2,469 | +€2,431 | +6483.8% |
| Recurring financial charges | 65 | €38 | €2,469 | +€2,431 | +6483.8% |
| Profit (loss) for the period before taxes | 9903 | €23,795 | €25,606 | +€1,810 | +7.6% |
| Income taxes | 67/77 | €5,067 | €5,579 | +€512 | +10.1% |
| Profit (loss) for the period | 9904 | €18,728 | €20,027 | +€1,298 | +6.9% |
| Profit (loss) for the period to be appropriated | 9905 | €18,728 | €20,027 | +€1,298 | +6.9% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.