MAVINTRA: 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.
MAVINTRA
Largest movements
- Cash +€177,490
up €177,490 (+374%), from €47,464 to €224,954
mainly Net result for the year (+€148,899) and Depreciation (+€83,781)
- Tangible fixed assets -€83,781
down €83,781 (-9.5%), from €884,746 to €800,966
of which Land and buildings: -€71,424
- Receivables within one year -€80,614
down €80,614 (-28.6%), from €282,037 to €201,424
of which Other amounts receivable: -€88,305
- Deferred charges and accrued income +€22,223
up €22,223 (+13.5%), from €164,137 to €186,359
- Debts after one year -€77,292
down €77,292 (-11.3%), from €684,081 to €606,789
- Other debts +€61,290
up €61,290 (+102%), from €59,938 to €121,228
- Tax, wage and social debts +€37,426
up €37,426 (+927%), from €4,038 to €41,464
of which Taxes: +€37,202
- Reserves +€20,852
up €20,852 (+3.9%), from €537,719 to €558,571
- Depreciation -€81,897
down €81,897 (-49.4%), from €165,678 to €83,781
- Taxes +€27,421
up €27,421 (+77.9%), from €35,186 to €62,607
- Gross operating margin +€16,806
up €16,806 (+5.5%), from €303,113 to €319,919
- Financial charges +€9,032
up €9,032 (+119%), from €7,574 to €16,605
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 | €1,379,634 | €1,414,953 | +€35,319 | +2.6% |
| Fixed assets | 21/28 | €885,996 | €802,216 | -€83,781 | -9.5% |
| Tangible fixed assets | 22/27 | €884,746 | €800,966 | -€83,781 | -9.5% |
| Land and buildings | 22 | €856,399 | €784,976 | -€71,424 | -8.3% |
| Plant, machinery and equipment | 23 | €23,347 | €15,990 | -€7,357 | -31.5% |
| Furniture and vehicles | 24 | €5,000 | €0 | -€5,000 | -100% |
| Financial fixed assets | 28 | €1,250 | €1,250 | = | 0.0% |
| Current assets | 29/58 | €493,638 | €612,737 | +€119,099 | +24.1% |
| Amounts receivable within one year | 40/41 | €282,037 | €201,424 | -€80,614 | -28.6% |
| Trade receivables | 40 | €25,207 | €32,898 | +€7,691 | +30.5% |
| Other amounts receivable | 41 | €256,830 | €168,526 | -€88,305 | -34.4% |
| Cash at bank and in hand | 54/58 | €47,464 | €224,954 | +€177,490 | +374% |
| Deferred charges and accrued income | 490/1 | €164,137 | €186,359 | +€22,223 | +13.5% |
| Total equity and liabilities | 10/49 | €1,379,634 | €1,414,953 | +€35,319 | +2.6% |
| Equity | 10/15 | €543,919 | €564,771 | +€20,852 | +3.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €537,719 | €558,571 | +€20,852 | +3.9% |
| Distributable reserves | 133 | €537,719 | €558,571 | +€20,852 | +3.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €835,715 | €850,182 | +€14,467 | +1.7% |
| Amounts payable after more than one year | 17 | €684,081 | €606,789 | -€77,292 | -11.3% |
| Financial debts | 170/4 | €684,081 | €606,789 | -€77,292 | -11.3% |
| Amounts payable within one year | 42/48 | €151,634 | €243,393 | +€91,759 | +60.5% |
| Current portion of amounts payable after more than one year | 42 | €84,969 | €77,292 | -€7,677 | -9.0% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €2,688 | €3,409 | +€720 | +26.8% |
| Suppliers | 440/4 | €2,688 | €3,409 | +€720 | +26.8% |
| Taxes, remuneration and social security | 45 | €4,038 | €41,464 | +€37,426 | +927% |
| Taxes | 450/3 | €3,570 | €40,773 | +€37,202 | +1,042% |
| Remuneration and social security | 454/9 | €468 | €692 | +€224 | +47.8% |
| Other amounts payable | 47/48 | €59,938 | €121,228 | +€61,290 | +102% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €165,678 | €83,781 | -€81,897 | -49.4% |
| Other operating charges | 640/8 | €6,357 | €8,436 | +€2,078 | +32.7% |
| Gross operating margin | 9900 | €303,113 | €319,919 | +€16,806 | +5.5% |
| Operating profit (loss) | 9901 | €131,078 | €227,703 | +€96,625 | +73.7% |
| Financial income | 75/76B | €367 | €408 | +€41 | +11.2% |
| Recurring financial income | 75 | €367 | €408 | +€41 | +11.2% |
| Financial charges | 65/66B | €7,574 | €16,605 | +€9,032 | +119% |
| Recurring financial charges | 65 | €7,574 | €16,605 | +€9,032 | +119% |
| Profit (loss) for the period before taxes | 9903 | €123,872 | €211,506 | +€87,634 | +70.7% |
| Income taxes | 67/77 | €35,186 | €62,607 | +€27,421 | +77.9% |
| Profit (loss) for the period | 9904 | €88,686 | €148,899 | +€60,213 | +67.9% |
| Profit (loss) for the period to be appropriated | 9905 | €88,686 | €148,899 | +€60,213 | +67.9% |
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 16 October 2026 via checked.be.