Marvaba: 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.
Marvaba
Largest movements
- Receivables within one year +€1,494
up €1,494 (+158.7%), from €941 to €2,435
of which Trade receivables: +€1,200
- Cash -€175
down €175 (-77.2%), from €227 to €52
mainly Receivables within one year (-€1,494) and Other debts (-€1,243)
- Profit (loss) carried forward +€1,268
up €1,268 (+42.7%), from -€2,968 to -€1,700
- Other debts -€1,243
down €1,243 (-100.0%), from €1,243 to €0
- Advances received +€900
new in 2025: €900
- Trade debts +€393
up €393 (+100.0%), from €393 to €787
- Depreciation -€2,150
down €2,150 (-100.0%), from €2,150 to €0
- Gross operating margin +€1,739
up €1,739, from -€275 to €1,464
- Other operating charges -€298
down €298 (-71.3%), from €418 to €120
- Financial charges -€49
down €49 (-39.4%), from €125 to €76
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 | €1,168 | €2,487 | +€1,319 | +112.9% |
| Current assets | 29/58 | €1,168 | €2,487 | +€1,319 | +112.9% |
| Amounts receivable within one year | 40/41 | €941 | €2,435 | +€1,494 | +158.7% |
| Trade receivables | 40 | €600 | €1,800 | +€1,200 | +200.0% |
| Other amounts receivable | 41 | €341 | €635 | +€294 | +86.1% |
| Cash at bank and in hand | 54/58 | €227 | €52 | -€175 | -77.2% |
| Total equity and liabilities | 10/49 | €1,168 | €2,487 | +€1,319 | +112.9% |
| Equity | 10/15 | -€468 | €800 | +€1,268 | |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,968 | -€1,700 | +€1,268 | +42.7% |
| Amounts payable | 17/49 | €1,636 | €1,687 | +€51 | +3.1% |
| Amounts payable within one year | 42/48 | €1,636 | €1,687 | +€51 | +3.1% |
| Trade debts | 44 | €393 | €787 | +€393 | +100.0% |
| Suppliers | 440/4 | €393 | €787 | +€393 | +100.0% |
| Advances received on contracts in progress | 46 | - | €900 | +€900 | |
| Other amounts payable | 47/48 | €1,243 | €0 | -€1,243 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,150 | €0 | -€2,150 | -100.0% |
| Other operating charges | 640/8 | €418 | €120 | -€298 | -71.3% |
| Gross operating margin | 9900 | -€275 | €1,464 | +€1,739 | |
| Operating profit (loss) | 9901 | -€2,843 | €1,344 | +€4,187 | |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €125 | €76 | -€49 | -39.4% |
| Recurring financial charges | 65 | €125 | €76 | -€49 | -39.4% |
| Profit (loss) for the period before taxes | 9903 | -€2,968 | €1,268 | +€4,236 | |
| Profit (loss) for the period | 9904 | -€2,968 | €1,268 | +€4,236 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,968 | €1,268 | +€4,236 |
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 7 October 2026 via checked.be.