MARAVILHA: 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.
MARAVILHA
Largest movements
- Receivables within one year +€18,118
up €18,118 (+78.3%), from €23,152 to €41,270
- Tangible fixed assets -€2,803
down €2,803 (-24.9%), from €11,276 to €8,473
- Cash +€2,081
up €2,081 (+94.8%), from €2,195 to €4,276
mainly Net result for the year (+€15,081) and Advances received (+€11,973)
- Stocks and contracts -€1,042
down €1,042 (-2.6%), from €39,401 to €38,359
- Other debts -€19,505
down €19,505 (-100%), from €19,505 to €0
- Profit (loss) carried forward +€15,081
up €15,081 (+13.0%), from -€116,002 to -€100,921
- Advances received +€11,973
new in 2025: €11,973
- Trade debts +€8,011
up €8,011 (+185%), from €4,322 to €12,333
- Tax, wage and social debts +€1,707
up €1,707 (+25.6%), from €6,670 to €8,377
- Gross operating margin +€8,889
up €8,889 (+93.8%), from €9,479 to €18,369
- Taxes -€2,233
down €2,233 (-100%), from €2,233 to €0
- Other operating charges -€750
down €750 (-70.7%), from €1,061 to €311
- Financial charges -€458
down €458 (-72.5%), from €632 to €174
- Depreciation -€317
down €317 (-10.2%), from €3,120 to €2,803
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.
Derived cash bridge
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 | €76,452 | €92,379 | +€15,927 | +20.8% |
| Fixed assets | 21/28 | €11,276 | €8,473 | -€2,803 | -24.9% |
| Tangible fixed assets | 22/27 | €11,276 | €8,473 | -€2,803 | -24.9% |
| Furniture and vehicles | 24 | €11,276 | €8,473 | -€2,803 | -24.9% |
| Current assets | 29/58 | €65,176 | €83,906 | +€18,730 | +28.7% |
| Stocks and contracts in progress | 3 | €39,401 | €38,359 | -€1,042 | -2.6% |
| Stocks | 30/36 | €39,401 | €38,359 | -€1,042 | -2.6% |
| Amounts receivable within one year | 40/41 | €23,152 | €41,270 | +€18,118 | +78.3% |
| Trade receivables | 40 | €23,152 | €41,270 | +€18,118 | +78.3% |
| Cash at bank and in hand | 54/58 | €2,195 | €4,276 | +€2,081 | +94.8% |
| Deferred charges and accrued income | 490/1 | €428 | €0 | -€428 | -100% |
| Total equity and liabilities | 10/49 | €76,452 | €92,379 | +€15,927 | +20.8% |
| Equity | 10/15 | -€94,044 | -€78,963 | +€15,081 | +16.0% |
| Contributions | 10/11 | €21,363 | €21,363 | = | 0.0% |
| Reserves | 13 | €595 | €595 | = | 0.0% |
| Non-distributable reserves | 130/1 | €595 | €595 | = | 0.0% |
| Reserves not available under the articles | 1311 | €595 | €595 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€116,002 | -€100,921 | +€15,081 | +13.0% |
| Amounts payable | 17/49 | €170,497 | €171,342 | +€846 | +0.5% |
| Amounts payable after more than one year | 17 | €140,000 | €138,573 | -€1,427 | -1.0% |
| Financial debts | 170/4 | €140,000 | €138,573 | -€1,427 | -1.0% |
| Amounts payable within one year | 42/48 | €30,497 | €32,683 | +€2,187 | +7.2% |
| Trade debts | 44 | €4,322 | €12,333 | +€8,011 | +185% |
| Suppliers | 440/4 | €4,322 | €12,333 | +€8,011 | +185% |
| Advances received on contracts in progress | 46 | - | €11,973 | +€11,973 | |
| Taxes, remuneration and social security | 45 | €6,670 | €8,377 | +€1,707 | +25.6% |
| Taxes | 450/3 | €6,670 | €8,377 | +€1,707 | +25.6% |
| Other amounts payable | 47/48 | €19,505 | €0 | -€19,505 | -100% |
| Accrued charges and deferred income | 492/3 | - | €86 | +€86 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,120 | €2,803 | -€317 | -10.2% |
| Other operating charges | 640/8 | €1,061 | €311 | -€750 | -70.7% |
| Gross operating margin | 9900 | €9,479 | €18,369 | +€8,889 | +93.8% |
| Operating profit (loss) | 9901 | €5,299 | €15,255 | +€9,956 | +188% |
| Financial income | 75/76B | €203 | €0 | -€203 | -100% |
| Recurring financial income | 75 | €203 | €0 | -€203 | -100% |
| Financial charges | 65/66B | €632 | €174 | -€458 | -72.5% |
| Recurring financial charges | 65 | €632 | €174 | -€458 | -72.5% |
| Profit (loss) for the period before taxes | 9903 | €4,870 | €15,081 | +€10,211 | +210% |
| Income taxes | 67/77 | €2,233 | €0 | -€2,233 | -100% |
| Profit (loss) for the period | 9904 | €2,637 | €15,081 | +€12,444 | +472% |
| Profit (loss) for the period to be appropriated | 9905 | €2,637 | €15,081 | +€12,444 | +472% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.