GROOTHANDEL MAVECO: 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.
GROOTHANDEL MAVECO
Largest movements
- Cash -€27,072
down €27,072 (-54.6%), from €49,612 to €22,540
mainly Short-term financial debts (-€89,142) and Other debts (-€57,170)
- Tangible fixed assets +€23,962
up €23,962 (+39.3%), from €60,921 to €84,883
of which Land and buildings: +€26,586
- Receivables within one year -€5,353
down €5,353 (-3.6%), from €147,408 to €142,056
of which Trade receivables: -€6,592
- Stocks and contracts +€5,285
up €5,285 (+3.5%), from €152,300 to €157,585
- Debts after one year +€117,450
new in 2025: €117,450
- Short-term financial debts -€89,142
down €89,142 (-49.5%), from €180,000 to €90,858
- Other debts -€57,170
no longer reported in 2025 (was €57,170)
- Profit (loss) carried forward +€14,355
no longer reported in 2025 (was -€14,355)
- Tax, wage and social debts -€10,243
down €10,243 (-26.6%), from €38,476 to €28,233
of which Taxes: -€11,938
- Gross operating margin +€1,808
up €1,808 (+1.6%), from €114,746 to €116,554
- Depreciation +€1,680
up €1,680 (+14.2%), from €11,820 to €13,500
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 | €410,722 | €408,362 | -€2,360 | -0.6% |
| Fixed assets | 21/28 | €60,921 | €84,883 | +€23,962 | +39.3% |
| Tangible fixed assets | 22/27 | €60,921 | €84,883 | +€23,962 | +39.3% |
| Land and buildings | 22 | €45,941 | €72,527 | +€26,586 | +57.9% |
| Plant, machinery and equipment | 23 | €8,888 | €7,379 | -€1,509 | -17.0% |
| Furniture and vehicles | 24 | €6,092 | €4,977 | -€1,115 | -18.3% |
| Current assets | 29/58 | €349,800 | €323,479 | -€26,321 | -7.5% |
| Stocks and contracts in progress | 3 | €152,300 | €157,585 | +€5,285 | +3.5% |
| Stocks | 30/36 | €152,300 | €157,585 | +€5,285 | +3.5% |
| Amounts receivable within one year | 40/41 | €147,408 | €142,056 | -€5,353 | -3.6% |
| Trade receivables | 40 | €147,408 | €140,816 | -€6,592 | -4.5% |
| Other amounts receivable | 41 | - | €1,240 | +€1,240 | |
| Cash at bank and in hand | 54/58 | €49,612 | €22,540 | -€27,072 | -54.6% |
| Deferred charges and accrued income | 490/1 | €480 | €1,298 | +€818 | +170.4% |
| Total equity and liabilities | 10/49 | €410,722 | €408,362 | -€2,360 | -0.6% |
| Equity | 10/15 | €50,914 | €73,978 | +€23,064 | +45.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €46,677 | €55,386 | +€8,709 | +18.7% |
| Tax-exempt reserves | 132 | €6,400 | €6,400 | = | 0.0% |
| Distributable reserves | 133 | €40,277 | €48,986 | +€8,709 | +21.6% |
| Profit (loss) carried forward | 14 | -€14,355 | - | +€14,355 | |
| Amounts payable | 17/49 | €359,808 | €334,384 | -€25,424 | -7.1% |
| Amounts payable after more than one year | 17 | - | €117,450 | +€117,450 | |
| Financial debts | 170/4 | - | €117,450 | +€117,450 | |
| Amounts payable within one year | 42/48 | €355,571 | €211,145 | -€144,426 | -40.6% |
| Current portion of amounts payable after more than one year | 42 | - | €4,719 | +€4,719 | |
| Financial debts | 43 | €180,000 | €90,858 | -€89,142 | -49.5% |
| Credit institutions | 430/8 | €180,000 | €90,858 | -€89,142 | -49.5% |
| Trade debts | 44 | €79,925 | €87,336 | +€7,411 | +9.3% |
| Suppliers | 440/4 | €79,925 | €87,336 | +€7,411 | +9.3% |
| Taxes, remuneration and social security | 45 | €38,476 | €28,233 | -€10,243 | -26.6% |
| Taxes | 450/3 | €33,901 | €21,963 | -€11,938 | -35.2% |
| Remuneration and social security | 454/9 | €4,575 | €6,269 | +€1,694 | +37.0% |
| Other amounts payable | 47/48 | €57,170 | - | -€57,170 | |
| Accrued charges and deferred income | 492/3 | €4,237 | €5,789 | +€1,552 | +36.6% |
| Remuneration, social security and pensions | 62 | €40,026 | €39,635 | -€391 | -1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,820 | €13,500 | +€1,680 | +14.2% |
| Other operating charges | 640/8 | €6,844 | €7,723 | +€879 | +12.8% |
| Gross operating margin | 9900 | €114,746 | €116,554 | +€1,808 | +1.6% |
| Operating profit (loss) | 9901 | €56,055 | €55,696 | -€359 | -0.6% |
| Financial income | 75/76B | - | €212 | +€212 | |
| Recurring financial income | 75 | - | €212 | +€212 | |
| Financial charges | 65/66B | €20,264 | €21,083 | +€820 | +4.0% |
| Recurring financial charges | 65 | €20,264 | €21,083 | +€820 | +4.0% |
| Profit (loss) for the period before taxes | 9903 | €35,792 | €34,824 | -€967 | -2.7% |
| Income taxes | 67/77 | €12,607 | €11,760 | -€847 | -6.7% |
| Profit (loss) for the period | 9904 | €23,185 | €23,064 | -€121 | -0.5% |
| Profit (loss) for the period to be appropriated | 9905 | €23,185 | €23,064 | -€121 | -0.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.