MAVIBO: 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.
MAVIBO
Largest movements
- Receivables within one year -€119,046
down €119,046 (-31.3%), from €380,329 to €261,282
of which Other amounts receivable: -€119,046
- Reserves -€120,000
down €120,000 (-51.8%), from €231,859 to €111,859
of which Distributable reserves: -€120,000
- Gross operating margin +€6,722
up €6,722 (+59.6%), from -€11,284 to -€4,562
- Financial income +€2,817
up €2,817 (+135%), from €2,090 to €4,907
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 | €577,860 | €457,767 | -€120,093 | -20.8% |
| Current assets | 29/58 | €577,860 | €457,767 | -€120,093 | -20.8% |
| Stocks and contracts in progress | 3 | €187,406 | €187,406 | = | 0.0% |
| Stocks | 30/36 | €186,523 | €186,523 | = | 0.0% |
| Contracts in progress | 37 | €883 | €883 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €380,329 | €261,282 | -€119,046 | -31.3% |
| Trade receivables | 40 | €3,000 | €3,000 | = | 0.0% |
| Other amounts receivable | 41 | €377,329 | €258,282 | -€119,046 | -31.5% |
| Cash at bank and in hand | 54/58 | €8,069 | €9,079 | +€1,010 | +12.5% |
| Deferred charges and accrued income | 490/1 | €2,057 | €0 | -€2,057 | -100% |
| Total equity and liabilities | 10/49 | €577,860 | €457,767 | -€120,093 | -20.8% |
| Equity | 10/15 | €456,787 | €336,585 | -€120,202 | -26.3% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Reserves | 13 | €231,859 | €111,859 | -€120,000 | -51.8% |
| 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 | €230,000 | €110,000 | -€120,000 | -52.2% |
| Profit (loss) carried forward | 14 | -€25,073 | -€25,274 | -€202 | -0.8% |
| Amounts payable | 17/49 | €121,074 | €121,182 | +€109 | +0.1% |
| Amounts payable within one year | 42/48 | €120,074 | €120,182 | +€109 | +0.1% |
| Trade debts | 44 | €0 | €109 | +€109 | |
| Suppliers | 440/4 | €0 | €109 | +€109 | |
| Other amounts payable | 47/48 | €120,074 | €120,074 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €1,000 | €1,000 | = | 0.0% |
| Other operating charges | 640/8 | €238 | €240 | +€3 | +1.2% |
| Gross operating margin | 9900 | -€11,284 | -€4,562 | +€6,722 | +59.6% |
| Operating profit (loss) | 9901 | -€11,521 | -€4,802 | +€6,719 | +58.3% |
| Financial income | 75/76B | €2,090 | €4,907 | +€2,817 | +135% |
| Recurring financial income | 75 | €2,090 | €4,907 | +€2,817 | +135% |
| Financial charges | 65/66B | €246 | €306 | +€60 | +24.5% |
| Recurring financial charges | 65 | €246 | €306 | +€60 | +24.5% |
| Profit (loss) for the period before taxes | 9903 | -€9,677 | -€202 | +€9,476 | +97.9% |
| Profit (loss) for the period | 9904 | -€9,677 | -€202 | +€9,476 | +97.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,677 | -€202 | +€9,476 | +97.9% |
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 19 October 2026 via checked.be.