MAYEVALIS: 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.
MAYEVALIS
Largest movements
- Current investments -€816,116
down €816,116 (-31.7%), from €2.6m to €1.8m
- Tangible fixed assets +€187,080
up €187,080 (+10.4%), from €1.8m to €2.0m
of which Land and buildings: +€185,573
- Cash -€121,977
down €121,977 (-52.9%), from €230,620 to €108,642
mainly Other debts (-€1.0m) and Investment in fixed assets (net) (-€321,393)
- Deferred charges and accrued income -€48,134
down €48,134 (-53.2%), from €90,547 to €42,414
- Other debts -€1.0m
down €1.0m (-94.8%), from €1.1m to €55,514
- Reserves +€301,284
up €301,284 (+9.8%), from €3.1m to €3.4m
of which Distributable reserves: +€210,933
- Accrued charges and deferred income -€149,952
down €149,952 (-62.3%), from €240,536 to €90,584
- Gross operating margin +€293,948
up €293,948 (+469.1%), from €62,660 to €356,608
- Financial income +€129,272
up €129,272 (+376.7%), from €34,318 to €163,589
- Taxes +€42,757
new in 2025: €42,757
- Depreciation +€30,094
up €30,094 (+28.9%), from €104,219 to €134,313
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 | €4,745,735 | €3,928,860 | -€816,874 | -17.2% |
| Fixed assets | 21/28 | €1,794,747 | €1,981,827 | +€187,080 | +10.4% |
| Tangible fixed assets | 22/27 | €1,794,747 | €1,981,827 | +€187,080 | +10.4% |
| Land and buildings | 22 | €1,532,298 | €1,717,871 | +€185,573 | +12.1% |
| Furniture and vehicles | 24 | €40,060 | €43,080 | +€3,020 | +7.5% |
| Other tangible fixed assets | 26 | €222,388 | €220,875 | -€1,513 | -0.7% |
| Current assets | 29/58 | €2,950,988 | €1,947,034 | -€1.0m | -34.0% |
| Amounts receivable within one year | 40/41 | €55,851 | €38,124 | -€17,727 | -31.7% |
| Trade receivables | 40 | €46,906 | €38,124 | -€8,782 | -18.7% |
| Other amounts receivable | 41 | €8,945 | - | -€8,945 | |
| Current investments | 50/53 | €2,573,970 | €1,757,854 | -€816,116 | -31.7% |
| Cash at bank and in hand | 54/58 | €230,620 | €108,642 | -€121,977 | -52.9% |
| Deferred charges and accrued income | 490/1 | €90,547 | €42,414 | -€48,134 | -53.2% |
| Total equity and liabilities | 10/49 | €4,745,735 | €3,928,860 | -€816,874 | -17.2% |
| Equity | 10/15 | €3,091,783 | €3,393,067 | +€301,284 | +9.7% |
| Contributions | 10/11 | €17,719 | €17,719 | = | 0.0% |
| Reserves | 13 | €3,074,064 | €3,375,348 | +€301,284 | +9.8% |
| Tax-exempt reserves | 132 | €47,632 | €137,983 | +€90,351 | +189.7% |
| Distributable reserves | 133 | €3,026,432 | €3,237,365 | +€210,933 | +7.0% |
| Provisions and deferred taxes | 16 | - | €30,117 | +€30,117 | |
| Deferred taxes | 168 | - | €30,117 | +€30,117 | |
| Amounts payable | 17/49 | €1,653,952 | €505,677 | -€1.1m | -69.4% |
| Amounts payable after more than one year | 17 | €265,000 | €300,000 | +€35,000 | +13.2% |
| Financial debts | 170/4 | €265,000 | €300,000 | +€35,000 | +13.2% |
| Amounts payable within one year | 42/48 | €1,148,416 | €115,093 | -€1.0m | -90.0% |
| Trade debts | 44 | €9,710 | €35,874 | +€26,164 | +269.4% |
| Suppliers | 440/4 | €9,710 | €35,874 | +€26,164 | +269.4% |
| Taxes, remuneration and social security | 45 | €63,018 | €23,705 | -€39,313 | -62.4% |
| Taxes | 450/3 | €63,018 | €20,609 | -€42,409 | -67.3% |
| Remuneration and social security | 454/9 | - | €3,096 | +€3,096 | |
| Other amounts payable | 47/48 | €1,075,688 | €55,514 | -€1.0m | -94.8% |
| Accrued charges and deferred income | 492/3 | €240,536 | €90,584 | -€149,952 | -62.3% |
| Non-recurring operating income | 76A | - | €122,956 | +€122,956 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €104,219 | €134,313 | +€30,094 | +28.9% |
| Other operating charges | 640/8 | €11,135 | €11,684 | +€549 | +4.9% |
| Gross operating margin | 9900 | €62,660 | €356,608 | +€293,948 | +469.1% |
| Operating profit (loss) | 9901 | -€52,694 | €210,611 | +€263,305 | |
| Financial income | 75/76B | €34,318 | €163,589 | +€129,272 | +376.7% |
| Recurring financial income | 75 | €34,318 | €163,589 | +€129,272 | +376.7% |
| Financial charges | 65/66B | - | €43 | +€43 | |
| Recurring financial charges | 65 | - | €43 | +€43 | |
| Profit (loss) for the period before taxes | 9903 | -€18,376 | €374,158 | +€392,534 | |
| Transfer from deferred taxes | 780 | - | €622 | +€622 | |
| Transfer to deferred taxes | 680 | - | €30,739 | +€30,739 | |
| Income taxes | 67/77 | - | €42,757 | +€42,757 | |
| Profit (loss) for the period | 9904 | -€18,376 | €301,284 | +€319,660 | |
| Transfer from tax-exempt reserves | 789 | - | €1,866 | +€1,866 | |
| Transfer to tax-exempt reserves | 689 | - | €92,217 | +€92,217 | |
| Profit (loss) for the period to be appropriated | 9905 | -€18,376 | €210,933 | +€229,309 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.