MAVIEGE: what changed
Two fiscal 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.
MAVIEGE
Largest movements
- Tangible fixed assets -€2,114
down €2,114 (-42.5%), from €4,974 to €2,860
of which Plant, machinery and equipment: -€1,205
- Cash +€538
up €538 (+2.4%), from €22,064 to €22,602
mainly Trade debts (+€2,659) and Depreciation (+€2,114)
- Profit (loss) carried forward -€5,596
down €5,596 (-42.3%), from €13,241 to €7,645
- Trade debts +€2,659
up €2,659 (+593.5%), from €448 to €3,107
- Other debts +€2,000
new in 2025: €2,000
- Tax, wage and social debts -€370
down €370 (-74.7%), from €495 to €125
- Gross operating margin -€14,948
down €14,948 (-76.6%), from €19,510 to €4,562
- Purchases and services +€8,095
up €8,095 (+10.4%), from €77,847 to €85,942
- Turnover -€6,972
down €6,972 (-7.2%), from €97,358 to €90,386
- Other operating charges +€2,174
up €2,174 (+43.5%), from €4,998 to €7,172
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.
Cash bridge derived
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 | €32,784 | €31,477 | -€1,307 | -4.0% |
| Fixed assets | 21/28 | €5,870 | €3,756 | -€2,114 | -36.0% |
| Tangible fixed assets | 22/27 | €4,974 | €2,860 | -€2,114 | -42.5% |
| Plant, machinery and equipment | 23 | €3,155 | €1,950 | -€1,205 | -38.2% |
| Furniture and vehicles | 24 | €1,819 | €910 | -€909 | -50.0% |
| Financial fixed assets | 28 | €896 | €896 | = | 0.0% |
| Current assets | 29/58 | €26,914 | €27,721 | +€807 | +3.0% |
| Stocks and contracts in progress | 3 | €382 | €617 | +€235 | +61.5% |
| Stocks | 30/36 | €382 | €617 | +€235 | +61.5% |
| Amounts receivable within one year | 40/41 | €3,865 | €3,900 | +€35 | +0.9% |
| Trade receivables | 40 | €3,309 | €3,309 | = | 0.0% |
| Other amounts receivable | 41 | €556 | €591 | +€35 | +6.3% |
| Cash at bank and in hand | 54/58 | €22,064 | €22,602 | +€538 | +2.4% |
| Deferred charges and accrued income | 490/1 | €603 | €602 | -€1 | -0.2% |
| Total equity and liabilities | 10/49 | €32,784 | €31,477 | -€1,307 | -4.0% |
| Equity | 10/15 | €31,841 | €26,245 | -€5,596 | -17.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,241 | €7,645 | -€5,596 | -42.3% |
| Amounts payable | 17/49 | €943 | €5,232 | +€4,289 | +454.8% |
| Amounts payable within one year | 42/48 | €943 | €5,232 | +€4,289 | +454.8% |
| Trade debts | 44 | €448 | €3,107 | +€2,659 | +593.5% |
| Suppliers | 440/4 | €448 | €3,107 | +€2,659 | +593.5% |
| Taxes, remuneration and social security | 45 | €495 | €125 | -€370 | -74.7% |
| Taxes | 450/3 | €495 | €125 | -€370 | -74.7% |
| Other amounts payable | 47/48 | - | €2,000 | +€2,000 | |
| Turnover | 70 | €97,358 | €90,386 | -€6,972 | -7.2% |
| Non-recurring operating income | 76A | - | €117 | +€117 | |
| Goods, raw materials, services and sundry goods | 60/61 | €77,847 | €85,942 | +€8,095 | +10.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,878 | €2,114 | -€764 | -26.5% |
| Other operating charges | 640/8 | €4,998 | €7,172 | +€2,174 | +43.5% |
| Gross operating margin | 9900 | €19,510 | €4,562 | -€14,948 | -76.6% |
| Operating profit (loss) | 9901 | €11,634 | -€4,724 | -€16,358 | |
| Financial charges | 65/66B | €51 | €151 | +€100 | +196.1% |
| Recurring financial charges | 65 | €51 | €151 | +€100 | +196.1% |
| Profit (loss) for the period before taxes | 9903 | €11,583 | -€4,875 | -€16,458 | |
| Income taxes | 67/77 | €1,336 | €721 | -€615 | -46.0% |
| Profit (loss) for the period | 9904 | €10,247 | -€5,596 | -€15,843 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,247 | -€5,596 | -€15,843 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.