MAYV: 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.
MAYV
Largest movements
- Tangible fixed assets -€71,019
down €71,019 (-21.1%), from €336,143 to €265,125
of which Leasing and similar rights: -€70,580
- Deferred charges and accrued income -€10,120
down €10,120 (-96.9%), from €10,445 to €325
- Reserves -€119,877
down €119,877 (-69.5%), from €172,605 to €52,728
- Other debts +€82,684
up €82,684 (+514.0%), from €16,086 to €98,770
- Debts after one year -€66,357
down €66,357 (-24.6%), from €269,255 to €202,898
- Tax, wage and social debts +€18,917
up €18,917 (+104.5%), from €18,095 to €37,012
- Depreciation +€52,694
up €52,694 (+287.6%), from €18,325 to €71,019
- Taxes -€16,710
down €16,710 (-94.4%), from €17,705 to €995
- Gross operating margin -€10,093
down €10,093 (-12.5%), from €80,670 to €70,577
- Financial charges +€5,936
up €5,936 (+194.2%), from €3,056 to €8,992
- Other operating charges +€5,191
up €5,191 (+133.2%), from €3,897 to €9,087
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 | €545,736 | €463,859 | -€81,877 | -15.0% |
| Fixed assets | 21/28 | €336,143 | €265,125 | -€71,019 | -21.1% |
| Tangible fixed assets | 22/27 | €336,143 | €265,125 | -€71,019 | -21.1% |
| Furniture and vehicles | 24 | €905 | €466 | -€438 | -48.4% |
| Leasing and similar rights | 25 | €335,239 | €264,658 | -€70,580 | -21.1% |
| Current assets | 29/58 | €209,593 | €198,734 | -€10,859 | -5.2% |
| Amounts receivable within one year | 40/41 | €18,150 | €19,087 | +€937 | +5.2% |
| Trade receivables | 40 | €18,150 | €18,150 | = | 0.0% |
| Other amounts receivable | 41 | - | €937 | +€937 | |
| Cash at bank and in hand | 54/58 | €180,998 | €179,323 | -€1,675 | -0.9% |
| Deferred charges and accrued income | 490/1 | €10,445 | €325 | -€10,120 | -96.9% |
| Total equity and liabilities | 10/49 | €545,736 | €463,859 | -€81,877 | -15.0% |
| Equity | 10/15 | €177,605 | €57,728 | -€119,877 | -67.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €172,605 | €52,728 | -€119,877 | -69.5% |
| Distributable reserves | 133 | €172,605 | €52,728 | -€119,877 | -69.5% |
| Amounts payable | 17/49 | €368,131 | €406,131 | +€38,000 | +10.3% |
| Amounts payable after more than one year | 17 | €269,255 | €202,898 | -€66,357 | -24.6% |
| Financial debts | 170/4 | €269,255 | €202,898 | -€66,357 | -24.6% |
| Amounts payable within one year | 42/48 | €98,876 | €203,233 | +€104,357 | +105.5% |
| Current portion of amounts payable after more than one year | 42 | €64,477 | €66,357 | +€1,880 | +2.9% |
| Trade debts | 44 | €219 | €1,095 | +€876 | +400.3% |
| Suppliers | 440/4 | €219 | €1,095 | +€876 | +400.3% |
| Taxes, remuneration and social security | 45 | €18,095 | €37,012 | +€18,917 | +104.5% |
| Taxes | 450/3 | €18,095 | €37,012 | +€18,917 | +104.5% |
| Other amounts payable | 47/48 | €16,086 | €98,770 | +€82,684 | +514.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,325 | €71,019 | +€52,694 | +287.6% |
| Other operating charges | 640/8 | €3,897 | €9,087 | +€5,191 | +133.2% |
| Gross operating margin | 9900 | €80,670 | €70,577 | -€10,093 | -12.5% |
| Operating profit (loss) | 9901 | €58,448 | -€9,529 | -€67,977 | |
| Financial income | 75/76B | €3,461 | €1,438 | -€2,023 | -58.5% |
| Recurring financial income | 75 | €3,461 | €1,438 | -€2,023 | -58.5% |
| Financial charges | 65/66B | €3,056 | €8,992 | +€5,936 | +194.2% |
| Recurring financial charges | 65 | €3,056 | €8,992 | +€5,936 | +194.2% |
| Profit (loss) for the period before taxes | 9903 | €58,853 | -€17,083 | -€75,935 | |
| Income taxes | 67/77 | €17,705 | €995 | -€16,710 | -94.4% |
| Profit (loss) for the period | 9904 | €41,148 | -€18,077 | -€59,225 | |
| Profit (loss) for the period to be appropriated | 9905 | €41,148 | -€18,077 | -€59,225 |
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 5 October 2026 via checked.be.