MAVID: 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.
MAVID
Largest movements
- Tangible fixed assets -€13,086
down €13,086 (-23.4%), from €55,907 to €42,821
of which Furniture and vehicles: -€13,086
- Cash +€11,275
up €11,275 (+461%), from €2,444 to €13,719
mainly Tax, wage and social debts (+€17,328) and Depreciation (+€13,086)
- Deferred charges and accrued income +€835
up €835 (+170%), from €491 to €1,326
- Tax, wage and social debts +€17,328
up €17,328 (+372%), from €4,664 to €21,992
of which Remuneration and social security: +€9,500
- Debts after one year -€8,299
down €8,299 (-29.3%), from €28,283 to €19,984
- Profit (loss) carried forward -€5,529
down €5,529 (-71.3%), from -€7,755 to -€13,284
- Other debts -€5,144
down €5,144 (-47.2%), from €10,887 to €5,744
- Other operating charges -€4,998
down €4,998 (-90.4%), from €5,526 to €528
- Depreciation +€2,452
up €2,452 (+23.1%), from €10,634 to €13,086
- Financial charges +€200
up €200 (+11.9%), from €1,683 to €1,883
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 | €58,842 | €57,866 | -€976 | -1.7% |
| Fixed assets | 21/28 | €55,907 | €42,821 | -€13,086 | -23.4% |
| Tangible fixed assets | 22/27 | €55,907 | €42,821 | -€13,086 | -23.4% |
| Plant, machinery and equipment | 23 | €5,440 | €5,440 | = | 0.0% |
| Furniture and vehicles | 24 | €50,467 | €37,381 | -€13,086 | -25.9% |
| Current assets | 29/58 | €2,935 | €15,045 | +€12,110 | +413% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €2,444 | €13,719 | +€11,275 | +461% |
| Deferred charges and accrued income | 490/1 | €491 | €1,326 | +€835 | +170% |
| Total equity and liabilities | 10/49 | €58,842 | €57,866 | -€976 | -1.7% |
| Equity | 10/15 | €6,413 | €884 | -€5,529 | -86.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €7,968 | €7,968 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €7,968 | €7,968 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,755 | -€13,284 | -€5,529 | -71.3% |
| Amounts payable | 17/49 | €52,429 | €56,982 | +€4,553 | +8.7% |
| Amounts payable after more than one year | 17 | €28,283 | €19,984 | -€8,299 | -29.3% |
| Financial debts | 170/4 | €28,283 | €19,984 | -€8,299 | -29.3% |
| Amounts payable within one year | 42/48 | €24,146 | €36,998 | +€12,851 | +53.2% |
| Current portion of amounts payable after more than one year | 42 | €7,961 | €8,299 | +€338 | +4.2% |
| Financial debts | 43 | €197 | €684 | +€487 | +247% |
| Credit institutions | 430/8 | €197 | €684 | +€487 | +247% |
| Trade debts | 44 | €437 | €279 | -€158 | -36.2% |
| Suppliers | 440/4 | €437 | €279 | -€158 | -36.2% |
| Taxes, remuneration and social security | 45 | €4,664 | €21,992 | +€17,328 | +372% |
| Taxes | 450/3 | €4,664 | €12,492 | +€7,828 | +168% |
| Remuneration and social security | 454/9 | - | €9,500 | +€9,500 | |
| Other amounts payable | 47/48 | €10,887 | €5,744 | -€5,144 | -47.2% |
| Non-recurring operating income | 76A | €1,240 | €0 | -€1,240 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,634 | €13,086 | +€2,452 | +23.1% |
| Other operating charges | 640/8 | €5,526 | €528 | -€4,998 | -90.4% |
| Gross operating margin | 9900 | €10,257 | €10,168 | -€89 | -0.9% |
| Operating profit (loss) | 9901 | -€5,903 | -€3,446 | +€2,457 | +41.6% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €1,683 | €1,883 | +€200 | +11.9% |
| Recurring financial charges | 65 | €1,683 | €1,883 | +€200 | +11.9% |
| Profit (loss) for the period before taxes | 9903 | -€7,585 | -€5,329 | +€2,256 | +29.7% |
| Income taxes | 67/77 | €170 | €200 | +€30 | +17.8% |
| Profit (loss) for the period | 9904 | -€7,755 | -€5,529 | +€2,226 | +28.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,755 | -€5,529 | +€2,226 | +28.7% |
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 14 October 2026 via checked.be.