Mavi-Construct: 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-Construct
Largest movements
- Receivables within one year +€398,691
up €398,691 (+1283.0%), from €31,075 to €429,766
of which Trade receivables: +€399,065
- Stocks and contracts +€354,266
up €354,266 (+1406.2%), from €25,194 to €379,460
- Cash +€26,031
up €26,031 (+3833.2%), from €679 to €26,710
mainly Other debts (+€443,891) and Debts after one year (+€187,994)
- Other debts +€443,891
up €443,891 (+1782.8%), from €24,898 to €468,789
- Debts after one year +€187,994
new in 2025: €187,994
- Trade debts +€152,705
up €152,705 (+598.2%), from €25,526 to €178,231
- Gross operating margin -€2,337
down €2,337 (-71.8%), from -€3,255 to -€5,592
- Financial income +€781
new in 2025: €781
- Other operating charges +€401
up €401 (+340.2%), from €118 to €519
- Financial charges +€169
up €169 (+166.2%), from €102 to €271
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 | €56,948 | €835,936 | +€778,988 | +1367.9% |
| Current assets | 29/58 | €56,948 | €835,936 | +€778,988 | +1367.9% |
| Stocks and contracts in progress | 3 | €25,194 | €379,460 | +€354,266 | +1406.2% |
| Stocks | 30/36 | €25,194 | €379,460 | +€354,266 | +1406.2% |
| Amounts receivable within one year | 40/41 | €31,075 | €429,766 | +€398,691 | +1283.0% |
| Trade receivables | 40 | €30,485 | €429,550 | +€399,065 | +1309.1% |
| Other amounts receivable | 41 | €591 | €217 | -€374 | -63.3% |
| Cash at bank and in hand | 54/58 | €679 | €26,710 | +€26,031 | +3833.2% |
| Total equity and liabilities | 10/49 | €56,948 | €835,936 | +€778,988 | +1367.9% |
| Equity | 10/15 | €6,525 | €923 | -€5,601 | -85.8% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,475 | -€9,077 | -€5,601 | -161.2% |
| Amounts payable | 17/49 | €50,424 | €835,013 | +€784,589 | +1556.0% |
| Amounts payable after more than one year | 17 | - | €187,994 | +€187,994 | |
| Financial debts | 170/4 | - | €187,994 | +€187,994 | |
| Amounts payable within one year | 42/48 | €50,424 | €647,019 | +€596,596 | +1183.2% |
| Trade debts | 44 | €25,526 | €178,231 | +€152,705 | +598.2% |
| Suppliers | 440/4 | €25,526 | €178,231 | +€152,705 | +598.2% |
| Other amounts payable | 47/48 | €24,898 | €468,789 | +€443,891 | +1782.8% |
| Other operating charges | 640/8 | €118 | €519 | +€401 | +340.2% |
| Gross operating margin | 9900 | -€3,255 | -€5,592 | -€2,337 | -71.8% |
| Operating profit (loss) | 9901 | -€3,373 | -€6,111 | -€2,738 | -81.2% |
| Financial income | 75/76B | - | €781 | +€781 | |
| Recurring financial income | 75 | - | €781 | +€781 | |
| Financial charges | 65/66B | €102 | €271 | +€169 | +166.2% |
| Recurring financial charges | 65 | €102 | €271 | +€169 | +166.2% |
| Profit (loss) for the period before taxes | 9903 | -€3,475 | -€5,601 | -€2,126 | -61.2% |
| Profit (loss) for the period | 9904 | -€3,475 | -€5,601 | -€2,126 | -61.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,475 | -€5,601 | -€2,126 | -61.2% |
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 6 October 2026 via checked.be.