MAVI - KARTING: what changed
MAVI - KARTING
Largest movements
- Cash +€36,311
up €36,311 (+24.4%), from €148,673 to €184,984
mainly Net result for the year (+€56,024) and Depreciation (+€14,425)
- Tangible fixed assets -€14,425
down €14,425 (-13.0%), from €111,181 to €96,756
- Current investments +€6,900
up €6,900 (+14.5%), from €47,631 to €54,532
- Reserves +€55,000
up €55,000 (+20.4%), from €270,014 to €325,014
of which Distributable reserves: +€55,000
- Advances received -€22,703
no longer reported in 2025 (was €22,703)
- Other debts -€9,001
down €9,001 (-43.4%), from €20,759 to €11,758
- Trade debts +€8,587
up €8,587 (+1,175%), from €731 to €9,318
- Depreciation -€20,732
down €20,732 (-59.0%), from €35,157 to €14,425
- Gross operating margin +€11,436
up €11,436 (+12.9%), from €88,831 to €100,267
- Taxes +€9,414
up €9,414 (+53.3%), from €17,655 to €27,069
- Other operating charges -€4,381
down €4,381 (-39.8%), from €11,015 to €6,634
- Write-downs +€2,007
no longer reported in 2025 (was -€2,007)
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €344,068 | €376,817 | +€32,749 | +9.5% |
| Fixed assets | 21/28 | €111,300 | €96,875 | -€14,425 | -13.0% |
| Tangible fixed assets | 22/27 | €111,181 | €96,756 | -€14,425 | -13.0% |
| Land and buildings | 22 | €79,608 | €72,419 | -€7,189 | -9.0% |
| Plant, machinery and equipment | 23 | €30,548 | €23,871 | -€6,677 | -21.9% |
| Furniture and vehicles | 24 | €1,025 | €465 | -€560 | -54.6% |
| Financial fixed assets | 28 | €119 | €119 | = | 0.0% |
| Current assets | 29/58 | €232,768 | €279,942 | +€47,175 | +20.3% |
| Stocks and contracts in progress | 3 | €33,346 | €35,044 | +€1,698 | +5.1% |
| Stocks | 30/36 | €33,346 | €35,044 | +€1,698 | +5.1% |
| Amounts receivable within one year | 40/41 | €1,570 | €3,451 | +€1,881 | +120% |
| Trade receivables | 40 | - | €597 | +€597 | |
| Other amounts receivable | 41 | €1,570 | €2,855 | +€1,285 | +81.8% |
| Current investments | 50/53 | €47,631 | €54,532 | +€6,900 | +14.5% |
| Cash at bank and in hand | 54/58 | €148,673 | €184,984 | +€36,311 | +24.4% |
| Deferred charges and accrued income | 490/1 | €1,547 | €1,932 | +€384 | +24.8% |
| Total equity and liabilities | 10/49 | €344,068 | €376,817 | +€32,749 | +9.5% |
| Equity | 10/15 | €290,315 | €346,339 | +€56,024 | +19.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €270,014 | €325,014 | +€55,000 | +20.4% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €268,155 | €323,155 | +€55,000 | +20.5% |
| Profit (loss) carried forward | 14 | €1,709 | €2,733 | +€1,024 | +59.9% |
| Amounts payable | 17/49 | €53,753 | €30,478 | -€23,274 | -43.3% |
| Amounts payable within one year | 42/48 | €53,753 | €30,478 | -€23,274 | -43.3% |
| Trade debts | 44 | €731 | €9,318 | +€8,587 | +1,175% |
| Suppliers | 440/4 | €731 | €9,318 | +€8,587 | +1,175% |
| Advances received on contracts in progress | 46 | €22,703 | - | -€22,703 | |
| Taxes, remuneration and social security | 45 | €9,560 | €9,402 | -€158 | -1.7% |
| Taxes | 450/3 | €9,560 | €9,402 | -€158 | -1.7% |
| Other amounts payable | 47/48 | €20,759 | €11,758 | -€9,001 | -43.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,157 | €14,425 | -€20,732 | -59.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€2,007 | - | +€2,007 | |
| Other operating charges | 640/8 | €11,015 | €6,634 | -€4,381 | -39.8% |
| Gross operating margin | 9900 | €88,831 | €100,267 | +€11,436 | +12.9% |
| Operating profit (loss) | 9901 | €44,667 | €79,207 | +€34,541 | +77.3% |
| Financial income | 75/76B | €3,582 | €4,051 | +€469 | +13.1% |
| Recurring financial income | 75 | €3,582 | €4,051 | +€469 | +13.1% |
| Financial charges | 65/66B | €590 | €165 | -€426 | -72.1% |
| Recurring financial charges | 65 | €590 | €165 | -€426 | -72.1% |
| Profit (loss) for the period before taxes | 9903 | €47,658 | €83,093 | +€35,435 | +74.4% |
| Income taxes | 67/77 | €17,655 | €27,069 | +€9,414 | +53.3% |
| Profit (loss) for the period | 9904 | €30,003 | €56,024 | +€26,021 | +86.7% |
| Profit (loss) for the period to be appropriated | 9905 | €30,003 | €56,024 | +€26,021 | +86.7% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.