MAVIBEL: 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.
MAVIBEL
Largest movements
- Receivables within one year +€3,262
up €3,262 (+967%), from €337 to €3,599
- Tangible fixed assets -€2,033
down €2,033 (-2.4%), from €85,547 to €83,515
of which Land and buildings: -€3,091
- Cash -€1,620
down €1,620 (-18.1%), from €8,966 to €7,346
mainly Debts after one year (-€10,531) and Receivables within one year (-€3,262)
- Deferred charges and accrued income +€958
new in 2025: €958
- Debts after one year -€10,531
down €10,531 (-79.6%), from €13,224 to €2,693
- Trade debts +€6,289
up €6,289 (+331%), from €1,901 to €8,190
- Other debts +€3,428
up €3,428 (+5.1%), from €66,856 to €70,284
- Profit (loss) carried forward +€2,359
up €2,359 (+7.0%), from -€33,771 to -€31,412
- Depreciation -€2,965
down €2,965 (-42.4%), from €6,998 to €4,033
- Gross operating margin -€2,501
down €2,501 (-23.7%), from €10,555 to €8,054
- Financial charges -€433
down €433 (-36.3%), from €1,195 to €761
- Other operating charges +€350
up €350 (+63.5%), from €551 to €901
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 | €94,851 | €95,418 | +€567 | +0.6% |
| Fixed assets | 21/28 | €85,547 | €83,515 | -€2,033 | -2.4% |
| Tangible fixed assets | 22/27 | €85,547 | €83,515 | -€2,033 | -2.4% |
| Land and buildings | 22 | €83,685 | €80,595 | -€3,091 | -3.7% |
| Plant, machinery and equipment | 23 | €1,862 | €2,920 | +€1,058 | +56.8% |
| Current assets | 29/58 | €9,303 | €11,904 | +€2,600 | +27.9% |
| Amounts receivable within one year | 40/41 | €337 | €3,599 | +€3,262 | +967% |
| Trade receivables | 40 | €337 | €3,599 | +€3,262 | +967% |
| Cash at bank and in hand | 54/58 | €8,966 | €7,346 | -€1,620 | -18.1% |
| Deferred charges and accrued income | 490/1 | - | €958 | +€958 | |
| Total equity and liabilities | 10/49 | €94,851 | €95,418 | +€567 | +0.6% |
| Equity | 10/15 | €1,229 | €3,588 | +€2,359 | +192% |
| Contributions | 10/11 | €35,000 | €35,000 | = | 0.0% |
| Contributions outside capital | 11 | €35,000 | €35,000 | = | 0.0% |
| Share premium | 1100/10 | €35,000 | €35,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€33,771 | -€31,412 | +€2,359 | +7.0% |
| Amounts payable | 17/49 | €93,622 | €91,831 | -€1,792 | -1.9% |
| Amounts payable after more than one year | 17 | €13,224 | €2,693 | -€10,531 | -79.6% |
| Financial debts | 170/4 | €13,224 | €2,693 | -€10,531 | -79.6% |
| Amounts payable within one year | 42/48 | €79,495 | €89,138 | +€9,643 | +12.1% |
| Current portion of amounts payable after more than one year | 42 | €10,156 | €10,531 | +€375 | +3.7% |
| Trade debts | 44 | €1,901 | €8,190 | +€6,289 | +331% |
| Suppliers | 440/4 | €1,901 | €8,190 | +€6,289 | +331% |
| Taxes, remuneration and social security | 45 | €582 | €132 | -€450 | -77.3% |
| Taxes | 450/3 | €582 | €132 | -€450 | -77.3% |
| Other amounts payable | 47/48 | €66,856 | €70,284 | +€3,428 | +5.1% |
| Accrued charges and deferred income | 492/3 | €903 | - | -€903 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,998 | €4,033 | -€2,965 | -42.4% |
| Other operating charges | 640/8 | €551 | €901 | +€350 | +63.5% |
| Gross operating margin | 9900 | €10,555 | €8,054 | -€2,501 | -23.7% |
| Operating profit (loss) | 9901 | €3,006 | €3,120 | +€114 | +3.8% |
| Financial income | 75/76B | €0 | €0 | = | 0.0% |
| Recurring financial income | 75 | €0 | €0 | = | 0.0% |
| Financial charges | 65/66B | €1,195 | €761 | -€433 | -36.3% |
| Recurring financial charges | 65 | €1,195 | €761 | -€433 | -36.3% |
| Profit (loss) for the period before taxes | 9903 | €1,811 | €2,359 | +€547 | +30.2% |
| Profit (loss) for the period | 9904 | €1,811 | €2,359 | +€547 | +30.2% |
| Profit (loss) for the period to be appropriated | 9905 | €1,811 | €2,359 | +€547 | +30.2% |
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 17 October 2026 via checked.be.