MAVIPIA: 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.
MAVIPIA
Largest movements
- Tangible fixed assets -€34,575
down €34,575 (-35.7%), from €96,769 to €62,195
of which Land and buildings: -€29,691
- Cash +€25,706
up €25,706 (+77.2%), from €33,304 to €59,009
mainly Depreciation (+€34,575) and Net result for the year (+€22,025)
- Receivables within one year -€11,757
down €11,757 (-37.0%), from €31,757 to €20,000
- Other debts -€47,315
down €47,315 (-68.5%), from €69,068 to €21,752
- Reserves +€22,025
up €22,025 (+27.2%), from €80,847 to €102,872
of which Distributable reserves: +€22,025
- Tax, wage and social debts +€4,353
up €4,353, from €0 to €4,353
- Gross operating margin +€9,277
up €9,277 (+14.8%), from €62,824 to €72,101
- Depreciation -€5,271
down €5,271 (-13.2%), from €39,845 to €34,575
- Taxes +€4,610
up €4,610 (+68.4%), from €6,743 to €11,353
- Other operating charges +€1,076
up €1,076 (+48.2%), from €2,232 to €3,308
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.
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.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €164,236 | €143,546 | -€20,690 | -12.6% |
| Fixed assets | 21/28 | €96,769 | €62,195 | -€34,575 | -35.7% |
| Tangible fixed assets | 22/27 | €96,769 | €62,195 | -€34,575 | -35.7% |
| Land and buildings | 22 | €89,836 | €60,145 | -€29,691 | -33.1% |
| Plant, machinery and equipment | 23 | €25 | €0 | -€25 | -100% |
| Furniture and vehicles | 24 | €5,309 | €450 | -€4,859 | -91.5% |
| Other tangible fixed assets | 26 | €1,600 | €1,600 | = | 0.0% |
| Current assets | 29/58 | €67,467 | €81,351 | +€13,884 | +20.6% |
| Amounts receivable within one year | 40/41 | €31,757 | €20,000 | -€11,757 | -37.0% |
| Other amounts receivable | 41 | €31,757 | €20,000 | -€11,757 | -37.0% |
| Cash at bank and in hand | 54/58 | €33,304 | €59,009 | +€25,706 | +77.2% |
| Deferred charges and accrued income | 490/1 | €2,406 | €2,342 | -€64 | -2.7% |
| Total equity and liabilities | 10/49 | €164,236 | €143,546 | -€20,690 | -12.6% |
| Equity | 10/15 | €93,247 | €115,272 | +€22,025 | +23.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €80,847 | €102,872 | +€22,025 | +27.2% |
| Non-distributable reserves | 130/1 | €13,751 | €13,751 | = | 0.0% |
| Reserves not available under the articles | 1311 | €13,751 | €13,751 | = | 0.0% |
| Distributable reserves | 133 | €67,096 | €89,121 | +€22,025 | +32.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €70,989 | €28,274 | -€42,715 | -60.2% |
| Amounts payable within one year | 42/48 | €69,877 | €26,968 | -€42,909 | -61.4% |
| Trade debts | 44 | €809 | €863 | +€54 | +6.7% |
| Suppliers | 440/4 | €809 | €863 | +€54 | +6.7% |
| Taxes, remuneration and social security | 45 | €0 | €4,353 | +€4,353 | |
| Taxes | 450/3 | €0 | €4,353 | +€4,353 | |
| Other amounts payable | 47/48 | €69,068 | €21,752 | -€47,315 | -68.5% |
| Accrued charges and deferred income | 492/3 | €1,112 | €1,305 | +€193 | +17.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,845 | €34,575 | -€5,271 | -13.2% |
| Other operating charges | 640/8 | €2,232 | €3,308 | +€1,076 | +48.2% |
| Non-recurring operating charges | 66A | €2,100 | €0 | -€2,100 | -100% |
| Gross operating margin | 9900 | €62,824 | €72,101 | +€9,277 | +14.8% |
| Operating profit (loss) | 9901 | €18,647 | €34,218 | +€15,571 | +83.5% |
| Financial income | 75/76B | €578 | €510 | -€68 | -11.8% |
| Recurring financial income | 75 | €578 | €510 | -€68 | -11.8% |
| Financial charges | 65/66B | €1,142 | €1,350 | +€208 | +18.2% |
| Recurring financial charges | 65 | €1,142 | €1,350 | +€208 | +18.2% |
| Profit (loss) for the period before taxes | 9903 | €18,083 | €33,378 | +€15,295 | +84.6% |
| Income taxes | 67/77 | €6,743 | €11,353 | +€4,610 | +68.4% |
| Profit (loss) for the period | 9904 | €11,340 | €22,025 | +€10,685 | +94.2% |
| Profit (loss) for the period to be appropriated | 9905 | €11,340 | €22,025 | +€10,685 | +94.2% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.