MAVYP: 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.
MAVYP
Largest movements
- Cash +€8,938
up €8,938 (+83.1%), from €10,758 to €19,697
mainly Net result for the year (+€5,851) and Receivables within one year (+€4,699)
- Receivables within one year -€4,699
down €4,699 (-15.6%), from €30,196 to €25,497
of which Other amounts receivable: -€3,187
- Tangible fixed assets -€2,413
down €2,413 (-47.1%), from €5,125 to €2,711
of which Furniture and vehicles: -€1,891
- Reserves +€5,851
up €5,851 (+26.0%), from €22,537 to €28,388
- Trade debts -€2,227
down €2,227 (-56.4%), from €3,953 to €1,725
- Tax, wage and social debts -€1,774
down €1,774 (-92.7%), from €1,913 to €139
- Gross operating margin -€15,714
down €15,714 (-55.3%), from €28,434 to €12,719
- Taxes -€3,774
down €3,774 (-54.6%), from €6,913 to €3,139
- Write-downs +€303
new in 2025: €303
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 | €46,995 | €48,851 | +€1,857 | +4.0% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €5,467 | €3,053 | -€2,413 | -44.1% |
| Tangible fixed assets | 22/27 | €5,125 | €2,711 | -€2,413 | -47.1% |
| Plant, machinery and equipment | 23 | €1,756 | €1,234 | -€522 | -29.7% |
| Furniture and vehicles | 24 | €3,369 | €1,478 | -€1,891 | -56.1% |
| Financial fixed assets | 28 | €342 | €342 | = | 0.0% |
| Current assets | 29/58 | €41,528 | €45,798 | +€4,270 | +10.3% |
| Amounts receivable within one year | 40/41 | €30,196 | €25,497 | -€4,699 | -15.6% |
| Trade receivables | 40 | €1,513 | - | -€1,513 | |
| Other amounts receivable | 41 | €28,684 | €25,497 | -€3,187 | -11.1% |
| Cash at bank and in hand | 54/58 | €10,758 | €19,697 | +€8,938 | +83.1% |
| Deferred charges and accrued income | 490/1 | €574 | €605 | +€31 | +5.4% |
| Total equity and liabilities | 10/49 | €46,995 | €48,851 | +€1,857 | +4.0% |
| Equity | 10/15 | €41,129 | €46,980 | +€5,851 | +14.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €22,537 | €28,388 | +€5,851 | +26.0% |
| Distributable reserves | 133 | €22,537 | €28,388 | +€5,851 | +26.0% |
| Amounts payable | 17/49 | €5,866 | €1,871 | -€3,995 | -68.1% |
| Amounts payable within one year | 42/48 | €5,866 | €1,865 | -€4,001 | -68.2% |
| Trade debts | 44 | €3,953 | €1,725 | -€2,227 | -56.4% |
| Suppliers | 440/4 | €3,953 | €1,725 | -€2,227 | -56.4% |
| Taxes, remuneration and social security | 45 | €1,913 | €139 | -€1,774 | -92.7% |
| Taxes | 450/3 | €1,913 | €139 | -€1,774 | -92.7% |
| Accrued charges and deferred income | 492/3 | - | €7 | +€7 | |
| Non-recurring operating income | 76A | - | €5,268 | +€5,268 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,260 | €2,413 | +€153 | +6.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €303 | +€303 | |
| Other operating charges | 640/8 | €827 | €828 | +€1 | +0.1% |
| Gross operating margin | 9900 | €28,434 | €12,719 | -€15,714 | -55.3% |
| Operating profit (loss) | 9901 | €25,347 | €9,176 | -€16,171 | -63.8% |
| Financial charges | 65/66B | €346 | €185 | -€160 | -46.4% |
| Recurring financial charges | 65 | €346 | €185 | -€160 | -46.4% |
| Profit (loss) for the period before taxes | 9903 | €25,001 | €8,990 | -€16,011 | -64.0% |
| Income taxes | 67/77 | €6,913 | €3,139 | -€3,774 | -54.6% |
| Profit (loss) for the period | 9904 | €18,088 | €5,851 | -€12,237 | -67.7% |
| Profit (loss) for the period to be appropriated | 9905 | €18,088 | €5,851 | -€12,237 | -67.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.