MAVIXA: 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.
MAVIXA
Largest movements
- Current investments +€35,000
new in 2025: €35,000
- Cash +€20,543
up €20,543 (+304.8%), from €6,740 to €27,283
mainly Net result for the year (+€46,977) and Tax, wage and social debts (+€15,209)
- Receivables within one year -€12,500
down €12,500 (-100.0%), from €12,500 to €0
- Tangible fixed assets -€5,443
down €5,443 (-21.3%), from €25,548 to €20,105
of which Furniture and vehicles: -€5,103
- Profit (loss) carried forward +€46,977
up €46,977 (+194.2%), from €24,191 to €71,168
- Other debts -€25,666
down €25,666 (-42.5%), from €60,448 to €34,782
- Tax, wage and social debts +€15,209
up €15,209 (+194.7%), from €7,812 to €23,020
- Debts after one year -€8,403
down €8,403 (-6.4%), from €131,963 to €123,560
of which Financial debts: -€33,403
- Trade debts +€6,520
up €6,520 (+401.5%), from €1,624 to €8,144
- Gross operating margin +€40,066
up €40,066 (+103.6%), from €38,660 to €78,726
- Taxes +€7,710
up €7,710 (+110.2%), from €6,997 to €14,707
- Financial charges +€5,754
up €5,754 (+123.6%), from €4,655 to €10,410
- Depreciation +€3,776
up €3,776 (+226.5%), from €1,667 to €5,443
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
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 | €261,216 | €298,848 | +€37,632 | +14.4% |
| Fixed assets | 21/28 | €240,548 | €235,105 | -€5,443 | -2.3% |
| Tangible fixed assets | 22/27 | €25,548 | €20,105 | -€5,443 | -21.3% |
| Plant, machinery and equipment | 23 | €1,493 | €1,153 | -€340 | -22.8% |
| Furniture and vehicles | 24 | €24,055 | €18,952 | -€5,103 | -21.2% |
| Financial fixed assets | 28 | €215,000 | €215,000 | = | 0.0% |
| Current assets | 29/58 | €20,668 | €63,742 | +€43,075 | +208.4% |
| Amounts receivable within one year | 40/41 | €12,500 | €0 | -€12,500 | -100.0% |
| Trade receivables | 40 | €12,500 | €0 | -€12,500 | -100.0% |
| Current investments | 50/53 | - | €35,000 | +€35,000 | |
| Cash at bank and in hand | 54/58 | €6,740 | €27,283 | +€20,543 | +304.8% |
| Deferred charges and accrued income | 490/1 | €1,428 | €1,459 | +€31 | +2.2% |
| Total equity and liabilities | 10/49 | €261,216 | €298,848 | +€37,632 | +14.4% |
| Equity | 10/15 | €27,191 | €74,168 | +€46,977 | +172.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €24,191 | €71,168 | +€46,977 | +194.2% |
| Amounts payable | 17/49 | €234,025 | €224,680 | -€9,345 | -4.0% |
| Amounts payable after more than one year | 17 | €131,963 | €123,560 | -€8,403 | -6.4% |
| Financial debts | 170/4 | €131,963 | €98,560 | -€33,403 | -25.3% |
| Other amounts payable | 178/9 | - | €25,000 | +€25,000 | |
| Amounts payable within one year | 42/48 | €102,061 | €99,349 | -€2,712 | -2.7% |
| Current portion of amounts payable after more than one year | 42 | €32,178 | €33,403 | +€1,225 | +3.8% |
| Trade debts | 44 | €1,624 | €8,144 | +€6,520 | +401.5% |
| Suppliers | 440/4 | €1,624 | €8,144 | +€6,520 | +401.5% |
| Taxes, remuneration and social security | 45 | €7,812 | €23,020 | +€15,209 | +194.7% |
| Taxes | 450/3 | €7,812 | €23,020 | +€15,209 | +194.7% |
| Other amounts payable | 47/48 | €60,448 | €34,782 | -€25,666 | -42.5% |
| Accrued charges and deferred income | 492/3 | - | €1,770 | +€1,770 | |
| Remuneration, social security and pensions | 62 | €807 | €365 | -€443 | -54.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,667 | €5,443 | +€3,776 | +226.5% |
| Other operating charges | 640/8 | €342 | €1,038 | +€696 | +203.5% |
| Gross operating margin | 9900 | €38,660 | €78,726 | +€40,066 | +103.6% |
| Operating profit (loss) | 9901 | €35,843 | €71,880 | +€36,037 | +100.5% |
| Financial income | 75/76B | - | €213 | +€213 | |
| Recurring financial income | 75 | - | €213 | +€213 | |
| Financial charges | 65/66B | €4,655 | €10,410 | +€5,754 | +123.6% |
| Recurring financial charges | 65 | €4,655 | €10,410 | +€5,754 | +123.6% |
| Profit (loss) for the period before taxes | 9903 | €31,188 | €61,683 | +€30,496 | +97.8% |
| Income taxes | 67/77 | €6,997 | €14,707 | +€7,710 | +110.2% |
| Profit (loss) for the period | 9904 | €24,191 | €46,977 | +€22,786 | +94.2% |
| Profit (loss) for the period to be appropriated | 9905 | €24,191 | €46,977 | +€22,786 | +94.2% |
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 12 October 2026 via checked.be.