maViLou: 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.
What changed
maViLou
NACE 70.200, Business and other management consultancy
financial year 2026 compared with 2025filed annual accounts (NBB)
Net result for the year
€6,050
2025 · -€7,539+€13,589
Equity
€30,537
2025 · €24,487+€6,050
Cash
€24,940
2025 · €5,242+€19,698
Balance sheet total
€2.5m
2025 · €65,647+€2.4m
Largest movements
Assets
- Financial fixed assets +€2.4m
new in 2026: €2.4m
Equity and liabilities
- Debts after one year +€2.4m
up €2.4m (+10,391%), from €22,973 to €2.4m
of which Other amounts payable: +€2.4m
Income statement
- Gross operating margin +€15,407
up €15,407 (+269%), from €5,729 to €21,136
- Taxes +€1,140
up €1,140 (+377%), from €303 to €1,443
- Depreciation +€810
up €810 (+7.2%), from €11,200 to €12,010
- Other operating charges +€506
up €506 (+126%), from €401 to €907
- Financial charges -€410
down €410 (-29.9%), from €1,371 to €961
From the 2025 result to the 2026 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.
Result 2025
-€7,539
Gross operating margin
+€15,407
Depreciation
-€810
Other operating charges
-€506
Financial income
+€229
Financial charges
+€410
Taxes
-€1,140
Result 2026
€6,050
raises the resultlowers the result
Derived cash bridge
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€32,553
Investment
-€2.4m
Financing
+€2.4m
Cash 2025
€5,242
From operations (derived)
+€32,553
Net result for the year
+€6,050
Depreciation
+€12,010
Receivables within one year
+€11,984
Smaller working-capital items
+€2,508
Investment (derived)
-€2.4m
Investment in fixed assets (net)
-€2.4m
Financing
+€2.4m
Debts after one year
+€2.4m
Current portion of long-term debt
-€28
Cash 2026
€24,940
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €65,647 | €2,462,362 | +€2.4m | +3,651% |
| Fixed assets | 21/28 | €38,547 | €2,426,536 | +€2.4m | +6,195% |
| Tangible fixed assets | 22/27 | €38,547 | €26,536 | -€12,010 | -31.2% |
| Furniture and vehicles | 24 | €38,547 | €26,536 | -€12,010 | -31.2% |
| Financial fixed assets | 28 | - | €2,400,000 | +€2.4m | |
| Current assets | 29/58 | €27,101 | €35,826 | +€8,725 | +32.2% |
| Amounts receivable within one year | 40/41 | €13,592 | €1,608 | -€11,984 | -88.2% |
| Trade receivables | 40 | €10,893 | €0 | -€10,893 | -100% |
| Other amounts receivable | 41 | €2,699 | €1,608 | -€1,091 | -40.4% |
| Current investments | 50/53 | €4,878 | €4,878 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €5,242 | €24,940 | +€19,698 | +376% |
| Deferred charges and accrued income | 490/1 | €3,389 | €4,400 | +€1,012 | +29.9% |
| Total equity and liabilities | 10/49 | €65,647 | €2,462,362 | +€2.4m | +3,651% |
| Equity | 10/15 | €24,487 | €30,537 | +€6,050 | +24.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Contributions outside capital | 11 | €5,000 | - | -€5,000 | |
| Other | 1109/19 | €5,000 | - | -€5,000 | |
| Reserves | 13 | €27,025 | €27,025 | = | 0.0% |
| Distributable reserves | 133 | €27,025 | €27,025 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,539 | -€1,489 | +€6,050 | +80.3% |
| Amounts payable | 17/49 | €41,161 | €2,431,826 | +€2.4m | +5,808% |
| Amounts payable after more than one year | 17 | €22,973 | €2,410,145 | +€2.4m | +10,391% |
| Financial debts | 170/4 | €22,531 | €10,145 | -€12,386 | -55.0% |
| Other amounts payable | 178/9 | €442 | €2,400,000 | +€2.4m | +542,678% |
| Amounts payable within one year | 42/48 | €17,279 | €21,680 | +€4,401 | +25.5% |
| Current portion of amounts payable after more than one year | 42 | €12,413 | €12,386 | -€28 | -0.2% |
| Trade debts | 44 | €3,051 | €4,832 | +€1,781 | +58.4% |
| Suppliers | 440/4 | €3,051 | €4,832 | +€1,781 | +58.4% |
| Taxes, remuneration and social security | 45 | €1,815 | €4,463 | +€2,647 | +146% |
| Taxes | 450/3 | €1,815 | €1,689 | -€127 | -7.0% |
| Remuneration and social security | 454/9 | - | €2,774 | +€2,774 | |
| Accrued charges and deferred income | 492/3 | €908 | €0 | -€908 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,200 | €12,010 | +€810 | +7.2% |
| Other operating charges | 640/8 | €401 | €907 | +€506 | +126% |
| Gross operating margin | 9900 | €5,729 | €21,136 | +€15,407 | +269% |
| Operating profit (loss) | 9901 | -€5,872 | €8,219 | +€14,090 | |
| Financial income | 75/76B | €7 | €236 | +€229 | +3,259% |
| Recurring financial income | 75 | €7 | €236 | +€229 | +3,259% |
| Financial charges | 65/66B | €1,371 | €961 | -€410 | -29.9% |
| Recurring financial charges | 65 | €1,371 | €961 | -€410 | -29.9% |
| Profit (loss) for the period before taxes | 9903 | -€7,236 | €7,493 | +€14,729 | |
| Income taxes | 67/77 | €303 | €1,443 | +€1,140 | +377% |
| Profit (loss) for the period | 9904 | -€7,539 | €6,050 | +€13,589 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,539 | €6,050 | +€13,589 |
Source: filed annual accounts (NBB), financial years ended 30 April 2025 and 30 April 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.