MAVIO: 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.
MAVIO
Largest movements
- Tangible fixed assets +€837,977
up €837,977 (+43.3%), from €1.9m to €2.8m
of which Plant, machinery and equipment: +€1.4m
- Stocks and contracts +€83,074
up €83,074 (+415.1%), from €20,015 to €103,089
- Cash -€31,743
down €31,743 (-43.0%), from €73,775 to €42,032
- Debts after one year +€977,809
up €977,809 (+46.8%), from €2.1m to €3.1m
- Profit (loss) carried forward -€287,725
down €287,725 (-115.8%), from -€248,478 to -€536,203
- Current portion of long-term debt +€258,854
up €258,854 (+232.9%), from €111,149 to €370,003
- Gross operating margin +€233,424
up €233,424 (+290.2%), from €80,425 to €313,849
- Depreciation +€150,246
up €150,246 (+124.8%), from €120,403 to €270,649
- Other operating charges -€126,304
down €126,304 (-94.7%), from €133,409 to €7,104
- Financial charges +€37,879
up €37,879 (+50.4%), from €75,104 to €112,983
- Financial income +€9,875
up €9,875 (+77508.6%), from €13 to €9,887
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
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,112,707 | €3,021,049 | +€908,342 | +43.0% |
| Fixed assets | 21/28 | €1,935,223 | €2,793,200 | +€857,977 | +44.3% |
| Tangible fixed assets | 22/27 | €1,935,223 | €2,773,200 | +€837,977 | +43.3% |
| Land and buildings | 22 | €1,076,654 | €1,257,312 | +€180,659 | +16.8% |
| Plant, machinery and equipment | 23 | €94,026 | €1,504,596 | +€1.4m | +1500.2% |
| Furniture and vehicles | 24 | €12,349 | €11,292 | -€1,057 | -8.6% |
| Leasing and similar rights | 25 | €752,196 | €0 | -€752,196 | -100.0% |
| Financial fixed assets | 28 | - | €20,000 | +€20,000 | |
| Current assets | 29/58 | €177,484 | €227,849 | +€50,365 | +28.4% |
| Stocks and contracts in progress | 3 | €20,015 | €103,089 | +€83,074 | +415.1% |
| Stocks | 30/36 | €20,015 | €103,089 | +€83,074 | +415.1% |
| Amounts receivable within one year | 40/41 | €76,799 | €72,246 | -€4,553 | -5.9% |
| Trade receivables | 40 | €76,799 | €8,412 | -€68,387 | -89.0% |
| Other amounts receivable | 41 | €0 | €63,834 | +€63,834 | |
| Current investments | 50/53 | - | €678 | +€678 | |
| Cash at bank and in hand | 54/58 | €73,775 | €42,032 | -€31,743 | -43.0% |
| Deferred charges and accrued income | 490/1 | €6,896 | €9,804 | +€2,908 | +42.2% |
| Total equity and liabilities | 10/49 | €2,112,707 | €3,021,049 | +€908,342 | +43.0% |
| Equity | 10/15 | -€146,698 | -€434,423 | -€287,725 | -196.1% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €91,780 | €91,780 | = | 0.0% |
| Distributable reserves | 133 | €91,780 | €91,780 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€248,478 | -€536,203 | -€287,725 | -115.8% |
| Amounts payable | 17/49 | €2,259,405 | €3,455,472 | +€1.2m | +52.9% |
| Amounts payable after more than one year | 17 | €2,089,441 | €3,067,249 | +€977,809 | +46.8% |
| Financial debts | 170/4 | €2,089,441 | €3,067,249 | +€977,809 | +46.8% |
| Amounts payable within one year | 42/48 | €169,965 | €388,222 | +€218,258 | +128.4% |
| Current portion of amounts payable after more than one year | 42 | €111,149 | €370,003 | +€258,854 | +232.9% |
| Trade debts | 44 | €21 | €5,362 | +€5,341 | +25804.2% |
| Suppliers | 440/4 | €21 | €5,362 | +€5,341 | +25804.2% |
| Taxes, remuneration and social security | 45 | €37,068 | €12,798 | -€24,270 | -65.5% |
| Taxes | 450/3 | €30,347 | €6,076 | -€24,270 | -80.0% |
| Remuneration and social security | 454/9 | €6,721 | €6,721 | = | 0.0% |
| Other amounts payable | 47/48 | €21,727 | €59 | -€21,668 | -99.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €120,403 | €270,649 | +€150,246 | +124.8% |
| Other operating charges | 640/8 | €133,409 | €7,104 | -€126,304 | -94.7% |
| Non-recurring operating charges | 66A | - | €223,288 | +€223,288 | |
| Gross operating margin | 9900 | €80,425 | €313,849 | +€233,424 | +290.2% |
| Operating profit (loss) | 9901 | -€173,387 | -€187,193 | -€13,806 | -8.0% |
| Financial income | 75/76B | €13 | €9,887 | +€9,875 | +77508.6% |
| Recurring financial income | 75 | €13 | €9,887 | +€9,875 | +77508.6% |
| Financial charges | 65/66B | €75,104 | €112,983 | +€37,879 | +50.4% |
| Recurring financial charges | 65 | €75,104 | €112,983 | +€37,879 | +50.4% |
| Profit (loss) for the period before taxes | 9903 | -€248,478 | -€290,289 | -€41,811 | -16.8% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€248,478 | -€290,289 | -€41,811 | -16.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€248,478 | -€290,289 | -€41,811 | -16.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.