MAVIDAME: 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.
MAVIDAME
Largest movements
- Cash -€5,258
down €5,258 (-21.3%), from €24,666 to €19,409
mainly Debts after one year (-€11,098) and Investment in fixed assets (net) (-€2,994)
- Tangible fixed assets -€3,662
down €3,662 (-11.0%), from €33,423 to €29,761
of which Land and buildings: -€4,936
- Stocks and contracts +€2,290
up €2,290 (+5.1%), from €45,220 to €47,510
- Debts after one year -€11,098
no longer reported in 2025 (was €11,098)
- Profit (loss) carried forward +€2,931
up €2,931 (+78.8%), from -€3,719 to -€788
- Tax, wage and social debts +€1,963
up €1,963 (+26.7%), from €7,360 to €9,323
of which Taxes: +€2,111
- Gross operating margin -€2,133
down €2,133 (-6.0%), from €35,611 to €33,478
- Financial income +€609
up €609 (+206%), from €295 to €905
- Depreciation +€602
up €602 (+10.0%), from €6,054 to €6,656
- Financial charges -€430
down €430 (-23.3%), from €1,844 to €1,413
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 | €103,671 | €97,438 | -€6,234 | -6.0% |
| Fixed assets | 21/28 | €33,423 | €29,761 | -€3,662 | -11.0% |
| Tangible fixed assets | 22/27 | €33,423 | €29,761 | -€3,662 | -11.0% |
| Land and buildings | 22 | €27,057 | €22,122 | -€4,936 | -18.2% |
| Plant, machinery and equipment | 23 | €6,366 | €7,639 | +€1,273 | +20.0% |
| Current assets | 29/58 | €70,248 | €67,677 | -€2,571 | -3.7% |
| Stocks and contracts in progress | 3 | €45,220 | €47,510 | +€2,290 | +5.1% |
| Stocks | 30/36 | €45,220 | €47,510 | +€2,290 | +5.1% |
| Cash at bank and in hand | 54/58 | €24,666 | €19,409 | -€5,258 | -21.3% |
| Deferred charges and accrued income | 490/1 | €362 | €759 | +€397 | +110% |
| Total equity and liabilities | 10/49 | €103,671 | €97,438 | -€6,234 | -6.0% |
| Equity | 10/15 | €14,881 | €17,812 | +€2,931 | +19.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,719 | -€788 | +€2,931 | +78.8% |
| Amounts payable | 17/49 | €88,790 | €79,625 | -€9,165 | -10.3% |
| Amounts payable after more than one year | 17 | €11,098 | - | -€11,098 | |
| Financial debts | 170/4 | €11,098 | - | -€11,098 | |
| Amounts payable within one year | 42/48 | €77,692 | €79,625 | +€1,934 | +2.5% |
| Current portion of amounts payable after more than one year | 42 | €10,482 | €11,098 | +€616 | +5.9% |
| Trade debts | 44 | €7,259 | €7,034 | -€225 | -3.1% |
| Suppliers | 440/4 | €7,259 | €7,034 | -€225 | -3.1% |
| Taxes, remuneration and social security | 45 | €7,360 | €9,323 | +€1,963 | +26.7% |
| Taxes | 450/3 | €3,866 | €5,977 | +€2,111 | +54.6% |
| Remuneration and social security | 454/9 | €3,495 | €3,347 | -€148 | -4.2% |
| Other amounts payable | 47/48 | €52,591 | €52,170 | -€421 | -0.8% |
| Remuneration, social security and pensions | 62 | €21,053 | €21,390 | +€338 | +1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,054 | €6,656 | +€602 | +10.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €120 | €121 | +€1 | +0.4% |
| Other operating charges | 640/8 | €1,857 | €1,871 | +€14 | +0.8% |
| Gross operating margin | 9900 | €35,611 | €33,478 | -€2,133 | -6.0% |
| Operating profit (loss) | 9901 | €6,527 | €3,440 | -€3,087 | -47.3% |
| Financial income | 75/76B | €295 | €905 | +€609 | +206% |
| Recurring financial income | 75 | €295 | €905 | +€609 | +206% |
| Financial charges | 65/66B | €1,844 | €1,413 | -€430 | -23.3% |
| Recurring financial charges | 65 | €1,844 | €1,413 | -€430 | -23.3% |
| Profit (loss) for the period before taxes | 9903 | €4,979 | €2,931 | -€2,048 | -41.1% |
| Profit (loss) for the period | 9904 | €4,979 | €2,931 | -€2,048 | -41.1% |
| Profit (loss) for the period to be appropriated | 9905 | €4,979 | €2,931 | -€2,048 | -41.1% |
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 25 October 2026 via checked.be.