MaVin: 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.
MaVin
Largest movements
- Receivables within one year +€45,550
up €45,550 (+58.9%), from €77,319 to €122,869
of which Other amounts receivable: +€92,221
- Tangible fixed assets +€18,700
up €18,700 (+1,754%), from €1,066 to €19,766
- Cash -€7,856
down €7,856 (-3.1%), from €254,071 to €246,215
mainly Contributions, distributions and other (-€68,991) and Receivables within one year (-€45,550)
- Other debts +€65,750
up €65,750 (+5,892%), from €1,116 to €66,866
- Tax, wage and social debts +€17,101
up €17,101 (+51.6%), from €33,115 to €50,216
of which Taxes: +€23,101
- Reserves -€16,065
down €16,065 (-6.0%), from €267,647 to €251,582
of which Distributable reserves: -€16,065
- Trade debts -€6,055
down €6,055 (-19.6%), from €30,930 to €24,875
- Gross operating margin -€56,226
down €56,226 (-37.5%), from €149,795 to €93,569
- Taxes -€13,580
down €13,580 (-32.9%), from €41,320 to €27,740
- Depreciation -€2,981
down €2,981 (-57.9%), from €5,145 to €2,164
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 | €403,057 | €459,448 | +€56,391 | +14.0% |
| Fixed assets | 21/28 | €19,881 | €38,581 | +€18,700 | +94.1% |
| Tangible fixed assets | 22/27 | €1,066 | €19,766 | +€18,700 | +1,754% |
| Furniture and vehicles | 24 | €1,066 | €19,766 | +€18,700 | +1,754% |
| Financial fixed assets | 28 | €18,815 | €18,815 | = | 0.0% |
| Current assets | 29/58 | €383,176 | €420,867 | +€37,691 | +9.8% |
| Stocks and contracts in progress | 3 | €1,786 | €1,783 | -€3 | -0.2% |
| Stocks | 30/36 | €1,786 | €1,783 | -€3 | -0.2% |
| Amounts receivable within one year | 40/41 | €77,319 | €122,869 | +€45,550 | +58.9% |
| Trade receivables | 40 | €76,525 | €29,854 | -€46,671 | -61.0% |
| Other amounts receivable | 41 | €794 | €93,015 | +€92,221 | +11,615% |
| Current investments | 50/53 | €50,000 | €50,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €254,071 | €246,215 | -€7,856 | -3.1% |
| Total equity and liabilities | 10/49 | €403,057 | €459,448 | +€56,391 | +14.0% |
| Equity | 10/15 | €298,669 | €282,604 | -€16,065 | -5.4% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €267,647 | €251,582 | -€16,065 | -6.0% |
| Non-distributable reserves | 130/1 | €51,860 | €51,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €51,860 | €51,860 | = | 0.0% |
| Distributable reserves | 133 | €215,787 | €199,722 | -€16,065 | -7.4% |
| Profit (loss) carried forward | 14 | €21,022 | €21,022 | = | 0.0% |
| Amounts payable | 17/49 | €104,388 | €176,844 | +€72,456 | +69.4% |
| Amounts payable within one year | 42/48 | €102,767 | €175,697 | +€72,930 | +71.0% |
| Current portion of amounts payable after more than one year | 42 | €37,606 | €33,740 | -€3,866 | -10.3% |
| Trade debts | 44 | €30,930 | €24,875 | -€6,055 | -19.6% |
| Suppliers | 440/4 | €30,930 | €24,875 | -€6,055 | -19.6% |
| Taxes, remuneration and social security | 45 | €33,115 | €50,216 | +€17,101 | +51.6% |
| Taxes | 450/3 | €25,865 | €48,966 | +€23,101 | +89.3% |
| Remuneration and social security | 454/9 | €7,250 | €1,250 | -€6,000 | -82.8% |
| Other amounts payable | 47/48 | €1,116 | €66,866 | +€65,750 | +5,892% |
| Accrued charges and deferred income | 492/3 | €1,621 | €1,147 | -€474 | -29.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,145 | €2,164 | -€2,981 | -57.9% |
| Other operating charges | 640/8 | €8,496 | €8,832 | +€336 | +4.0% |
| Gross operating margin | 9900 | €149,795 | €93,569 | -€56,226 | -37.5% |
| Operating profit (loss) | 9901 | €136,154 | €82,573 | -€53,581 | -39.4% |
| Financial income | 75/76B | €152 | €617 | +€465 | +306% |
| Recurring financial income | 75 | €152 | €617 | +€465 | +306% |
| Financial charges | 65/66B | €2,876 | €2,524 | -€352 | -12.2% |
| Recurring financial charges | 65 | €2,876 | €2,524 | -€352 | -12.2% |
| Profit (loss) for the period before taxes | 9903 | €133,430 | €80,666 | -€52,764 | -39.5% |
| Income taxes | 67/77 | €41,320 | €27,740 | -€13,580 | -32.9% |
| Profit (loss) for the period | 9904 | €92,110 | €52,926 | -€39,184 | -42.5% |
| Profit (loss) for the period to be appropriated | 9905 | €92,110 | €52,926 | -€39,184 | -42.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.