MAVRAVET: 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.
MAVRAVET
Largest movements
- Current investments -€50,000
no longer reported in 2025 (was €50,000)
- Cash +€31,483
up €31,483 (+133%), from €23,586 to €55,069
mainly Current investments (+€50,000) and Net result for the year (+€30,775)
- Receivables within one year +€3,923
up €3,923 (+39.5%), from €9,935 to €13,858
of which Other amounts receivable: +€5,348
- Tax, wage and social debts -€14,513
down €14,513 (-94.0%), from €15,440 to €927
- Taxes +€2,990
up €2,990 (+25.8%), from €11,569 to €14,559
- Gross operating margin +€2,092
up €2,092 (+4.7%), from €44,216 to €46,308
- Financial income +€945
up €945 (+10,408%), from €9 to €954
- Other operating charges +€867
up €867 (+504%), from €172 to €1,039
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.
Derived cash bridge
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 | €85,316 | €69,977 | -€15,339 | -18.0% |
| Fixed assets | 21/28 | €1,584 | €835 | -€749 | -47.3% |
| Tangible fixed assets | 22/27 | €1,584 | €835 | -€749 | -47.3% |
| Plant, machinery and equipment | 23 | €1,584 | €835 | -€749 | -47.3% |
| Current assets | 29/58 | €83,732 | €69,142 | -€14,590 | -17.4% |
| Amounts receivable within one year | 40/41 | €9,935 | €13,858 | +€3,923 | +39.5% |
| Trade receivables | 40 | €6,942 | €5,518 | -€1,425 | -20.5% |
| Other amounts receivable | 41 | €2,993 | €8,341 | +€5,348 | +179% |
| Current investments | 50/53 | €50,000 | - | -€50,000 | |
| Cash at bank and in hand | 54/58 | €23,586 | €55,069 | +€31,483 | +133% |
| Deferred charges and accrued income | 490/1 | €211 | €215 | +€4 | +1.8% |
| Total equity and liabilities | 10/49 | €85,316 | €69,977 | -€15,339 | -18.0% |
| Equity | 10/15 | €68,875 | €68,096 | -€779 | -1.1% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €64,875 | €64,096 | -€779 | -1.2% |
| Distributable reserves | 133 | €64,875 | €64,096 | -€779 | -1.2% |
| Amounts payable | 17/49 | €16,442 | €1,882 | -€14,560 | -88.6% |
| Amounts payable within one year | 42/48 | €16,442 | €1,882 | -€14,560 | -88.6% |
| Trade debts | 44 | €1,002 | €954 | -€47 | -4.7% |
| Suppliers | 440/4 | €1,002 | €954 | -€47 | -4.7% |
| Taxes, remuneration and social security | 45 | €15,440 | €927 | -€14,513 | -94.0% |
| Taxes | 450/3 | €15,440 | €927 | -€14,513 | -94.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €791 | €749 | -€42 | -5.3% |
| Other operating charges | 640/8 | €172 | €1,039 | +€867 | +504% |
| Gross operating margin | 9900 | €44,216 | €46,308 | +€2,092 | +4.7% |
| Operating profit (loss) | 9901 | €43,254 | €44,520 | +€1,267 | +2.9% |
| Financial income | 75/76B | €9 | €954 | +€945 | +10,408% |
| Recurring financial income | 75 | €9 | €954 | +€945 | +10,408% |
| Financial charges | 65/66B | €140 | €140 | +€0 | 0.0% |
| Recurring financial charges | 65 | €140 | €140 | +€0 | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €43,123 | €45,334 | +€2,212 | +5.1% |
| Income taxes | 67/77 | €11,569 | €14,559 | +€2,990 | +25.8% |
| Profit (loss) for the period | 9904 | €31,554 | €30,775 | -€779 | -2.5% |
| Profit (loss) for the period to be appropriated | 9905 | €31,554 | €30,775 | -€779 | -2.5% |
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 20 October 2026 via checked.be.