MAVIA: 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.
MAVIA
Largest movements
- Cash +€74,551
up €74,551 (+183%), from €40,764 to €115,315
mainly Current investments (+€70,000) and Net result for the year (+€47,602)
- Current investments -€70,000
no longer reported in 2025 (was €70,000)
- Receivables within one year +€30,824
up €30,824 (+119%), from €25,912 to €56,736
of which Trade receivables: +€28,704
- Trade debts +€23,584
up €23,584 (+528%), from €4,465 to €28,049
- Other debts +€15,971
up €15,971 (+217%), from €7,372 to €23,344
- Current portion of long-term debt -€2,986
no longer reported in 2025 (was €2,986)
- Tax, wage and social debts +€2,757
up €2,757 (+25.5%), from €10,809 to €13,566
- Profit (loss) carried forward -€2,398
down €2,398 (-2.1%), from €111,679 to €109,282
- Gross operating margin -€12,433
down €12,433 (-16.0%), from €77,725 to €65,291
- Other operating charges -€2,243
down €2,243 (-84.6%), from €2,652 to €409
- Taxes -€1,441
down €1,441 (-9.4%), from €15,353 to €13,913
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.
Derived cash bridge
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 | €142,312 | €179,241 | +€36,928 | +25.9% |
| Fixed assets | 21/28 | €4,946 | €6,457 | +€1,511 | +30.6% |
| Tangible fixed assets | 22/27 | €4,946 | €6,457 | +€1,511 | +30.6% |
| Plant, machinery and equipment | 23 | €1,203 | €4,058 | +€2,854 | +237% |
| Furniture and vehicles | 24 | €3,743 | €2,399 | -€1,343 | -35.9% |
| Current assets | 29/58 | €137,366 | €172,784 | +€35,417 | +25.8% |
| Amounts receivable within one year | 40/41 | €25,912 | €56,736 | +€30,824 | +119% |
| Trade receivables | 40 | €20,231 | €48,935 | +€28,704 | +142% |
| Other amounts receivable | 41 | €5,681 | €7,801 | +€2,120 | +37.3% |
| Current investments | 50/53 | €70,000 | - | -€70,000 | |
| Cash at bank and in hand | 54/58 | €40,764 | €115,315 | +€74,551 | +183% |
| Deferred charges and accrued income | 490/1 | €691 | €733 | +€42 | +6.1% |
| Total equity and liabilities | 10/49 | €142,312 | €179,241 | +€36,928 | +25.9% |
| Equity | 10/15 | €116,679 | €114,282 | -€2,398 | -2.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €111,679 | €109,282 | -€2,398 | -2.1% |
| Amounts payable | 17/49 | €25,633 | €64,959 | +€39,326 | +153% |
| Amounts payable within one year | 42/48 | €25,633 | €64,959 | +€39,326 | +153% |
| Current portion of amounts payable after more than one year | 42 | €2,986 | - | -€2,986 | |
| Trade debts | 44 | €4,465 | €28,049 | +€23,584 | +528% |
| Suppliers | 440/4 | €4,465 | €28,049 | +€23,584 | +528% |
| Taxes, remuneration and social security | 45 | €10,809 | €13,566 | +€2,757 | +25.5% |
| Taxes | 450/3 | €10,809 | €13,566 | +€2,757 | +25.5% |
| Other amounts payable | 47/48 | €7,372 | €23,344 | +€15,971 | +217% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,790 | €1,809 | +€19 | +1.1% |
| Other operating charges | 640/8 | €2,652 | €409 | -€2,243 | -84.6% |
| Gross operating margin | 9900 | €77,725 | €65,291 | -€12,433 | -16.0% |
| Operating profit (loss) | 9901 | €73,282 | €63,073 | -€10,209 | -13.9% |
| Financial income | 75/76B | €748 | €751 | +€3 | +0.4% |
| Recurring financial income | 75 | €748 | €751 | +€3 | +0.4% |
| Financial charges | 65/66B | €2,858 | €2,309 | -€549 | -19.2% |
| Recurring financial charges | 65 | €2,858 | €2,309 | -€549 | -19.2% |
| Profit (loss) for the period before taxes | 9903 | €71,172 | €61,515 | -€9,657 | -13.6% |
| Income taxes | 67/77 | €15,353 | €13,913 | -€1,441 | -9.4% |
| Profit (loss) for the period | 9904 | €55,819 | €47,602 | -€8,217 | -14.7% |
| Profit (loss) for the period to be appropriated | 9905 | €55,819 | €47,602 | -€8,217 | -14.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.