MAVIER: 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.
MAVIER
Largest movements
- Cash +€14,421
up €14,421 (+214.6%), from €6,719 to €21,140
mainly Net result for the year (+€9,777) and Depreciation (+€3,488)
- Tangible fixed assets -€2,890
down €2,890 (-22.8%), from €12,667 to €9,777
of which Plant, machinery and equipment: -€1,890
- Receivables within one year -€409
down €409 (-100.0%), from €409 to €0
of which Trade receivables: -€409
- Profit (loss) carried forward +€9,777
up €9,777 (+55.8%), from -€17,526 to -€7,749
- Tax, wage and social debts +€1,035
up €1,035 (+124.6%), from €830 to €1,865
- Trade debts +€371
up €371 (+13.9%), from €2,662 to €3,033
- Gross operating margin +€10,527
up €10,527 (+171.1%), from €6,154 to €16,681
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 | €22,967 | €34,150 | +€11,182 | +48.7% |
| Fixed assets | 21/28 | €15,517 | €12,627 | -€2,890 | -18.6% |
| Tangible fixed assets | 22/27 | €12,667 | €9,777 | -€2,890 | -22.8% |
| Plant, machinery and equipment | 23 | €7,437 | €5,547 | -€1,890 | -25.4% |
| Furniture and vehicles | 24 | €317 | €218 | -€99 | -31.2% |
| Other tangible fixed assets | 26 | €4,912 | €4,012 | -€901 | -18.3% |
| Financial fixed assets | 28 | €2,850 | €2,850 | = | 0.0% |
| Current assets | 29/58 | €7,450 | €21,522 | +€14,072 | +188.9% |
| Amounts receivable within one year | 40/41 | €409 | €0 | -€409 | -100.0% |
| Trade receivables | 40 | €409 | €0 | -€409 | -100.0% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €6,719 | €21,140 | +€14,421 | +214.6% |
| Deferred charges and accrued income | 490/1 | €322 | €383 | +€61 | +18.8% |
| Total equity and liabilities | 10/49 | €22,967 | €34,150 | +€11,182 | +48.7% |
| Equity | 10/15 | -€13,526 | -€3,749 | +€9,777 | +72.3% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€17,526 | -€7,749 | +€9,777 | +55.8% |
| Amounts payable | 17/49 | €36,493 | €37,898 | +€1,406 | +3.9% |
| Amounts payable after more than one year | 17 | €33,000 | €33,000 | = | 0.0% |
| Financial debts | 170/4 | - | €33,000 | +€33,000 | |
| Other amounts payable | 178/9 | €33,000 | - | -€33,000 | |
| Amounts payable within one year | 42/48 | €3,493 | €4,898 | +€1,406 | +40.2% |
| Trade debts | 44 | €2,662 | €3,033 | +€371 | +13.9% |
| Suppliers | 440/4 | €2,662 | €3,033 | +€371 | +13.9% |
| Taxes, remuneration and social security | 45 | €830 | €1,865 | +€1,035 | +124.6% |
| Taxes | 450/3 | €830 | €1,865 | +€1,035 | +124.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,447 | €3,488 | +€41 | +1.2% |
| Other operating charges | 640/8 | €2,920 | €3,031 | +€111 | +3.8% |
| Gross operating margin | 9900 | €6,154 | €16,681 | +€10,527 | +171.1% |
| Operating profit (loss) | 9901 | -€212 | €10,162 | +€10,374 | |
| Financial income | 75/76B | €10 | €0 | -€10 | -100.0% |
| Recurring financial income | 75 | €10 | €0 | -€10 | -100.0% |
| Financial charges | 65/66B | €274 | €386 | +€111 | +40.7% |
| Recurring financial charges | 65 | €274 | €386 | +€111 | +40.7% |
| Profit (loss) for the period before taxes | 9903 | -€476 | €9,777 | +€10,253 | |
| Profit (loss) for the period | 9904 | -€476 | €9,777 | +€10,253 | |
| Profit (loss) for the period to be appropriated | 9905 | -€476 | €9,777 | +€10,253 |
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 29 September 2026 via checked.be.