MAVO CONCEPT: 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.
MAVO CONCEPT
Largest movements
- Stocks and contracts -€23,174
down €23,174 (-100.0%), from €23,174 to €0
- Tangible fixed assets -€14,637
down €14,637 (-6.4%), from €228,790 to €214,152
of which Land and buildings: -€11,745
- Other debts -€15,907
down €15,907 (-30.1%), from €52,809 to €36,902
- Debts after one year -€9,269
down €9,269 (-4.9%), from €190,590 to €181,321
- Profit (loss) carried forward -€8,585
down €8,585 (-79.0%), from -€10,863 to -€19,448
- Trade debts -€2,678
down €2,678 (-28.7%), from €9,320 to €6,643
- Gross operating margin -€22,114
down €22,114 (-56.1%), from €39,433 to €17,320
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 | €255,871 | €219,655 | -€36,216 | -14.2% |
| Fixed assets | 21/28 | €228,790 | €214,485 | -€14,304 | -6.3% |
| Tangible fixed assets | 22/27 | €228,790 | €214,152 | -€14,637 | -6.4% |
| Land and buildings | 22 | €206,576 | €194,831 | -€11,745 | -5.7% |
| Plant, machinery and equipment | 23 | €22,214 | €19,321 | -€2,893 | -13.0% |
| Financial fixed assets | 28 | - | €333 | +€333 | |
| Current assets | 29/58 | €27,081 | €5,169 | -€21,912 | -80.9% |
| Stocks and contracts in progress | 3 | €23,174 | €0 | -€23,174 | -100.0% |
| Stocks | 30/36 | €23,174 | €0 | -€23,174 | -100.0% |
| Amounts receivable within one year | 40/41 | €901 | €339 | -€562 | -62.4% |
| Trade receivables | 40 | €584 | €110 | -€474 | -81.1% |
| Other amounts receivable | 41 | €317 | €228 | -€88 | -27.8% |
| Cash at bank and in hand | 54/58 | €3,006 | €4,776 | +€1,770 | +58.9% |
| Deferred charges and accrued income | 490/1 | - | €54 | +€54 | |
| Total equity and liabilities | 10/49 | €255,871 | €219,655 | -€36,216 | -14.2% |
| Equity | 10/15 | -€6,863 | -€15,448 | -€8,585 | -125.1% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,863 | -€19,448 | -€8,585 | -79.0% |
| Amounts payable | 17/49 | €262,733 | €235,102 | -€27,631 | -10.5% |
| Amounts payable after more than one year | 17 | €190,590 | €181,321 | -€9,269 | -4.9% |
| Financial debts | 170/4 | €190,590 | €181,321 | -€9,269 | -4.9% |
| Amounts payable within one year | 42/48 | €72,144 | €53,641 | -€18,502 | -25.6% |
| Current portion of amounts payable after more than one year | 42 | €8,929 | €9,269 | +€341 | +3.8% |
| Trade debts | 44 | €9,320 | €6,643 | -€2,678 | -28.7% |
| Suppliers | 440/4 | €9,320 | €6,643 | -€2,678 | -28.7% |
| Taxes, remuneration and social security | 45 | €1,086 | €827 | -€258 | -23.8% |
| Taxes | 450/3 | €602 | €827 | +€225 | +37.3% |
| Remuneration and social security | 454/9 | €483 | €0 | -€483 | -100.0% |
| Other amounts payable | 47/48 | €52,809 | €36,902 | -€15,907 | -30.1% |
| Accrued charges and deferred income | 492/3 | - | €141 | +€141 | |
| Remuneration, social security and pensions | 62 | €0 | -€105 | -€105 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,474 | €14,637 | +€164 | +1.1% |
| Other operating charges | 640/8 | €1,844 | €2,058 | +€213 | +11.6% |
| Gross operating margin | 9900 | €39,433 | €17,320 | -€22,114 | -56.1% |
| Operating profit (loss) | 9901 | €23,115 | €730 | -€22,386 | -96.8% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €9,657 | €9,315 | -€343 | -3.5% |
| Recurring financial charges | 65 | €9,657 | €9,315 | -€343 | -3.5% |
| Profit (loss) for the period before taxes | 9903 | €13,458 | -€8,585 | -€22,043 | |
| Profit (loss) for the period | 9904 | €13,458 | -€8,585 | -€22,043 | |
| Profit (loss) for the period to be appropriated | 9905 | €13,458 | -€8,585 | -€22,043 |
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 10 October 2026 via checked.be.