MAVIS: what changed
MAVIS
Largest movements
- Cash +€39,873
up €39,873 (+275%), from €14,491 to €54,364
mainly Net result for the year (+€54,742) and Deferred charges and accrued income (+€9,072)
- Receivables within one year +€23,347
up €23,347 (+739%), from €3,159 to €26,506
- Deferred charges and accrued income -€9,072
down €9,072 (-93.2%), from €9,732 to €660
- Tangible fixed assets -€1,513
down €1,513 (-21.0%), from €7,194 to €5,682
- Reserves +€54,742
up €54,742 (+310%), from €17,657 to €72,398
- Other debts -€1,552
down €1,552 (-36.6%), from €4,241 to €2,689
- Accrued charges and deferred income -€1,263
down €1,263 (-70.6%), from €1,788 to €525
- Gross operating margin +€47,599
up €47,599 (+186%), from €25,626 to €73,226
- Taxes +€8,657
up €8,657 (+135%), from €6,400 to €15,057
- Depreciation +€1,144
up €1,144 (+310%), from €369 to €1,513
- Financial charges +€840
up €840 (+2,325%), from €36 to €876
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €34,576 | €87,212 | +€52,636 | +152% |
| Fixed assets | 21/28 | €7,194 | €5,682 | -€1,513 | -21.0% |
| Tangible fixed assets | 22/27 | €7,194 | €5,682 | -€1,513 | -21.0% |
| Furniture and vehicles | 24 | €7,194 | €5,682 | -€1,513 | -21.0% |
| Current assets | 29/58 | €27,382 | €81,530 | +€54,148 | +198% |
| Amounts receivable within one year | 40/41 | €3,159 | €26,506 | +€23,347 | +739% |
| Trade receivables | 40 | €3,159 | €26,506 | +€23,347 | +739% |
| Cash at bank and in hand | 54/58 | €14,491 | €54,364 | +€39,873 | +275% |
| Deferred charges and accrued income | 490/1 | €9,732 | €660 | -€9,072 | -93.2% |
| Total equity and liabilities | 10/49 | €34,576 | €87,212 | +€52,636 | +152% |
| Equity | 10/15 | €22,657 | €77,398 | +€54,742 | +242% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €17,657 | €72,398 | +€54,742 | +310% |
| Distributable reserves | 133 | €17,657 | €72,398 | +€54,742 | +310% |
| Amounts payable | 17/49 | €11,920 | €9,814 | -€2,106 | -17.7% |
| Amounts payable within one year | 42/48 | €10,132 | €9,289 | -€843 | -8.3% |
| Trade debts | 44 | €4,491 | €4,692 | +€201 | +4.5% |
| Suppliers | 440/4 | €4,491 | €4,692 | +€201 | +4.5% |
| Taxes, remuneration and social security | 45 | €1,400 | €1,908 | +€508 | +36.3% |
| Taxes | 450/3 | €1,400 | €1,908 | +€508 | +36.3% |
| Other amounts payable | 47/48 | €4,241 | €2,689 | -€1,552 | -36.6% |
| Accrued charges and deferred income | 492/3 | €1,788 | €525 | -€1,263 | -70.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €369 | €1,513 | +€1,144 | +310% |
| Other operating charges | 640/8 | €1,165 | €1,076 | -€89 | -7.6% |
| Gross operating margin | 9900 | €25,626 | €73,226 | +€47,599 | +186% |
| Operating profit (loss) | 9901 | €24,093 | €70,637 | +€46,545 | +193% |
| Financial income | 75/76B | - | €38 | +€38 | |
| Recurring financial income | 75 | - | €38 | +€38 | |
| Financial charges | 65/66B | €36 | €876 | +€840 | +2,325% |
| Recurring financial charges | 65 | €36 | €876 | +€840 | +2,325% |
| Profit (loss) for the period before taxes | 9903 | €24,057 | €69,798 | +€45,742 | +190% |
| Income taxes | 67/77 | €6,400 | €15,057 | +€8,657 | +135% |
| Profit (loss) for the period | 9904 | €17,657 | €54,742 | +€37,085 | +210% |
| Profit (loss) for the period to be appropriated | 9905 | €17,657 | €54,742 | +€37,085 | +210% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.