MAVY: what changed
Two fiscal 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.
What changed
MAVY
NACE 68.321, Property management for co-owned buildings (syndics)
fiscal year 2022 against 2023filed annual accounts (NBB)
Net result for the year
€1.1m
2022 · €5.0m-€3.9m
Equity
€13.8m
2022 · €12.7m+€1.1m
Cash
€89,120
2022 · €1.1m-€1.1m
Balance sheet total
€14.0m
2022 · €15.1m-€1.1m
Largest movements
Assets
- Cash -€1.1m
down €1.1m (-92.2%), from €1.1m to €89,120
mainly Short-term financial debts (-€2.2m) and Accrued charges and deferred income (-€29,875)
Equity and liabilities
- Short-term financial debts -€2.2m
down €2.2m (-100.0%), from €2.2m to €0
- Reserves +€1.1m
up €1.1m (+15.2%), from €7.5m to €8.6m
of which Distributable reserves: +€1.1m
Income statement
- Gross operating margin -€2.0m
down €2.0m, from €2.0m to -€17,125
- Financial income -€1.9m
down €1.9m (-60.2%), from €3.2m to €1.3m
- Other operating charges -€48,001
down €48,001 (-61.0%), from €78,666 to €30,665
- Financial charges -€26,813
down €26,813 (-62.7%), from €42,734 to €15,921
of which Financial charges: -€26,812
From the 2022 result to the 2023 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.
Result 2022
€5.0m
Gross operating margin
-€2.0m
Staff costs
-€1,756
Other operating charges
+€48,001
Financial income
-€1.9m
Financial charges
+€26,813
Result 2023
€1.1m
Cash bridge derived
Derived from the 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€1.1m
Investment
€0
Financing
-€2.2m
Cash 2022
€1.1m
From operations (derived)
+€1.1m
Net result for the year
+€1.1m
Depreciation
+€60,483
Stocks and contracts
-€21,467
Smaller working-capital items
-€2,230
Trade debts
-€28,829
Advances received
+€10,000
Other debts
-€10,259
Accrued charges and deferred income
-€29,875
Financing
-€2.2m
Short-term financial debts
-€2.2m
Cash 2023
€89,120
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €15,124,755 | €14,032,085 | -€1.1m | -7.2% |
| Fixed assets | 21/28 | €11,132,708 | €11,072,225 | -€60,483 | -0.5% |
| Tangible fixed assets | 22/27 | €3,374,048 | €3,313,565 | -€60,483 | -1.8% |
| Land and buildings | 22 | €3,374,048 | €3,313,565 | -€60,483 | -1.8% |
| Financial fixed assets | 28 | €7,758,660 | €7,758,660 | = | 0.0% |
| Current assets | 29/58 | €3,992,047 | €2,959,860 | -€1.0m | -25.9% |
| Stocks and contracts in progress | 3 | €2,846,806 | €2,868,273 | +€21,467 | +0.8% |
| Stocks | 30/36 | €2,846,806 | €2,868,273 | +€21,467 | +0.8% |
| Amounts receivable within one year | 40/41 | - | €1,943 | +€1,943 | |
| Other amounts receivable | 41 | - | €1,943 | +€1,943 | |
| Cash at bank and in hand | 54/58 | €1,144,094 | €89,120 | -€1.1m | -92.2% |
| Deferred charges and accrued income | 490/1 | €1,147 | €524 | -€623 | -54.3% |
| Total equity and liabilities | 10/49 | €15,124,755 | €14,032,085 | -€1.1m | -7.2% |
| Equity | 10/15 | €12,659,360 | €13,793,764 | +€1.1m | +9.0% |
| Contributions | 10/11 | €5,172,370 | €5,172,370 | = | 0.0% |
| Capital | 10 | €5,172,370 | €5,172,370 | = | 0.0% |
| Issued capital | 100 | €5,172,370 | €5,172,370 | = | 0.0% |
| Reserves | 13 | €7,486,989 | €8,621,393 | +€1.1m | +15.2% |
| Non-distributable reserves | 130/1 | €333,735 | €390,677 | +€56,942 | +17.1% |
| Legal reserve | 130 | €333,735 | €390,677 | +€56,942 | +17.1% |
| Tax-exempt reserves | 132 | €119,659 | €115,227 | -€4,432 | -3.7% |
| Distributable reserves | 133 | €7,033,595 | €8,115,489 | +€1.1m | +15.4% |
| Provisions and deferred taxes | 16 | €132,552 | €131,075 | -€1,477 | -1.1% |
| Provisions for liabilities and charges | 160/5 | €92,666 | €92,666 | = | 0.0% |
| Other liabilities and charges | 164/5 | €92,666 | €92,666 | = | 0.0% |
| Deferred taxes | 168 | €39,886 | €38,409 | -€1,477 | -3.7% |
| Amounts payable | 17/49 | €2,332,843 | €107,246 | -€2.2m | -95.4% |
| Amounts payable within one year | 42/48 | €2,302,967 | €107,246 | -€2.2m | -95.3% |
| Financial debts | 43 | €2,167,200 | €0 | -€2.2m | -100.0% |
| Credit institutions | 430/8 | €2,167,200 | €0 | -€2.2m | -100.0% |
| Trade debts | 44 | €51,192 | €22,363 | -€28,829 | -56.3% |
| Suppliers | 440/4 | €51,192 | €22,363 | -€28,829 | -56.3% |
| Advances received on contracts in progress | 46 | €20,000 | €30,000 | +€10,000 | +50.0% |
| Taxes, remuneration and social security | 45 | €3,238 | €3,806 | +€567 | +17.5% |
| Taxes | 450/3 | €814 | €910 | +€97 | +11.9% |
| Remuneration and social security | 454/9 | €2,425 | €2,895 | +€471 | +19.4% |
| Other amounts payable | 47/48 | €61,337 | €51,078 | -€10,259 | -16.7% |
| Accrued charges and deferred income | 492/3 | €29,875 | - | -€29,875 | |
| Non-recurring operating income | 76A | €2,068,118 | - | -€2.1m | |
| Remuneration, social security and pensions | 62 | €23,600 | €25,356 | +€1,756 | +7.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,483 | €60,483 | = | 0.0% |
| Other operating charges | 640/8 | €78,666 | €30,665 | -€48,001 | -61.0% |
| Gross operating margin | 9900 | €1,999,650 | -€17,125 | -€2.0m | |
| Operating profit (loss) | 9901 | €1,836,901 | -€133,629 | -€2.0m | |
| Financial income | 75/76B | €3,221,992 | €1,282,476 | -€1.9m | -60.2% |
| Recurring financial income | 75 | €3,221,992 | €1,282,476 | -€1.9m | -60.2% |
| Financial charges | 65/66B | €42,734 | €15,921 | -€26,813 | -62.7% |
| Recurring financial charges | 65 | €42,733 | €15,921 | -€26,812 | -62.7% |
| Non-recurring financial charges | 66B | €1 | - | -€1 | |
| Profit (loss) for the period before taxes | 9903 | €5,016,160 | €1,132,927 | -€3.9m | -77.4% |
| Transfer from deferred taxes | 780 | €1,477 | €1,477 | = | 0.0% |
| Profit (loss) for the period | 9904 | €5,017,637 | €1,134,404 | -€3.9m | -77.4% |
| Transfer from tax-exempt reserves | 789 | €4,432 | €4,432 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €5,022,069 | €1,138,836 | -€3.9m | -77.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.