Mavu Solutions: 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.
Mavu Solutions
Largest movements
- Receivables within one year +€79,065
up €79,065 (+335%), from €23,568 to €102,633
of which Trade receivables: +€61,623
- Trade debts +€67,615
up €67,615 (+1,665%), from €4,062 to €71,676
- Advances received +€20,648
up €20,648 (+99.7%), from €20,704 to €41,352
- Debts after one year -€20,000
down €20,000 (-57.1%), from €35,000 to €15,000
- Profit (loss) carried forward +€10,113
up €10,113 (+15.3%), from -€66,258 to -€56,145
- Other debts +€1,607
up €1,607 (+30.1%), from €5,346 to €6,953
- Gross operating margin +€22,294
up €22,294, from -€8,695 to €13,599
- Depreciation -€2,256
no longer reported in 2025 (was €2,256)
- Other operating charges -€742
down €742 (-92.2%), from €805 to €63
- Financial charges -€542
down €542 (-13.7%), from €3,965 to €3,423
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 | €35,824 | €114,587 | +€78,763 | +220% |
| Fixed assets | 21/28 | €9,870 | €9,870 | = | 0.0% |
| Financial fixed assets | 28 | €9,870 | €9,870 | = | 0.0% |
| Current assets | 29/58 | €25,955 | €104,717 | +€78,763 | +303% |
| Stocks and contracts in progress | 3 | €639 | €639 | = | 0.0% |
| Stocks | 30/36 | €639 | €639 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €23,568 | €102,633 | +€79,065 | +335% |
| Trade receivables | 40 | €23,556 | €85,179 | +€61,623 | +262% |
| Other amounts receivable | 41 | €12 | €17,454 | +€17,441 | +142,379% |
| Cash at bank and in hand | 54/58 | €1,748 | €1,446 | -€302 | -17.3% |
| Total equity and liabilities | 10/49 | €35,824 | €114,587 | +€78,763 | +220% |
| Equity | 10/15 | -€47,658 | -€37,545 | +€10,113 | +21.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€66,258 | -€56,145 | +€10,113 | +15.3% |
| Amounts payable | 17/49 | €83,482 | €152,132 | +€68,650 | +82.2% |
| Amounts payable after more than one year | 17 | €35,000 | €15,000 | -€20,000 | -57.1% |
| Financial debts | 170/4 | €35,000 | €15,000 | -€20,000 | -57.1% |
| Amounts payable within one year | 42/48 | €48,482 | €137,132 | +€88,650 | +183% |
| Current portion of amounts payable after more than one year | 42 | €7,000 | €7,000 | = | 0.0% |
| Financial debts | 43 | €10,742 | €9,997 | -€745 | -6.9% |
| Credit institutions | 430/8 | €10,742 | €9,997 | -€745 | -6.9% |
| Trade debts | 44 | €4,062 | €71,676 | +€67,615 | +1,665% |
| Suppliers | 440/4 | €4,062 | €71,676 | +€67,615 | +1,665% |
| Advances received on contracts in progress | 46 | €20,704 | €41,352 | +€20,648 | +99.7% |
| Taxes, remuneration and social security | 45 | €628 | €153 | -€475 | -75.6% |
| Taxes | 450/3 | €378 | €153 | -€225 | -59.5% |
| Remuneration and social security | 454/9 | €250 | - | -€250 | |
| Other amounts payable | 47/48 | €5,346 | €6,953 | +€1,607 | +30.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,256 | - | -€2,256 | |
| Other operating charges | 640/8 | €805 | €63 | -€742 | -92.2% |
| Gross operating margin | 9900 | -€8,695 | €13,599 | +€22,294 | |
| Operating profit (loss) | 9901 | -€11,756 | €13,536 | +€25,292 | |
| Financial charges | 65/66B | €3,965 | €3,423 | -€542 | -13.7% |
| Recurring financial charges | 65 | €3,965 | €3,423 | -€542 | -13.7% |
| Profit (loss) for the period before taxes | 9903 | -€15,721 | €10,113 | +€25,834 | |
| Profit (loss) for the period | 9904 | -€15,721 | €10,113 | +€25,834 | |
| Profit (loss) for the period to be appropriated | 9905 | -€15,721 | €10,113 | +€25,834 |
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.