Marvas Holding: 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.
Marvas Holding
Largest movements
- Receivables within one year +€62,307
up €62,307 (+27.6%), from €225,450 to €287,756
of which Other amounts receivable: +€62,307
- Reserves +€98,477
up €98,477 (+27.0%), from €364,234 to €462,711
- Debts after one year -€48,888
down €48,888 (-19.4%), from €251,916 to €203,028
- Gross operating margin +€29,318
up €29,318 (+45.9%), from €63,857 to €93,175
- Taxes +€8,416
up €8,416 (+112%), from €7,540 to €15,955
- Financial income +€5,322
up €5,322 (+9.1%), from €58,400 to €63,722
- Depreciation -€2,707
down €2,707 (-61.0%), from €4,441 to €1,733
- Financial charges +€1,916
up €1,916 (+5.1%), from €37,657 to €39,573
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 | €1,828,462 | €1,881,858 | +€53,397 | +2.9% |
| Fixed assets | 21/28 | €1,590,063 | €1,588,329 | -€1,733 | -0.1% |
| Tangible fixed assets | 22/27 | €3,063 | €1,329 | -€1,733 | -56.6% |
| Furniture and vehicles | 24 | €3,063 | €1,329 | -€1,733 | -56.6% |
| Financial fixed assets | 28 | €1,587,000 | €1,587,000 | = | 0.0% |
| Current assets | 29/58 | €238,399 | €293,529 | +€55,130 | +23.1% |
| Amounts receivable within one year | 40/41 | €225,450 | €287,756 | +€62,307 | +27.6% |
| Trade receivables | 40 | €9,680 | €9,680 | = | 0.0% |
| Other amounts receivable | 41 | €215,770 | €278,076 | +€62,307 | +28.9% |
| Cash at bank and in hand | 54/58 | €12,949 | €5,773 | -€7,177 | -55.4% |
| Total equity and liabilities | 10/49 | €1,828,462 | €1,881,858 | +€53,397 | +2.9% |
| Equity | 10/15 | €464,234 | €562,711 | +€98,477 | +21.2% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €364,234 | €462,711 | +€98,477 | +27.0% |
| Distributable reserves | 133 | €364,234 | €462,711 | +€98,477 | +27.0% |
| Amounts payable | 17/49 | €1,364,227 | €1,319,147 | -€45,080 | -3.3% |
| Amounts payable after more than one year | 17 | €251,916 | €203,028 | -€48,888 | -19.4% |
| Financial debts | 170/4 | €251,916 | €203,028 | -€48,888 | -19.4% |
| Amounts payable within one year | 42/48 | €1,090,081 | €1,089,899 | -€182 | 0.0% |
| Current portion of amounts payable after more than one year | 42 | €46,850 | €48,888 | +€2,038 | +4.4% |
| Trade debts | 44 | €187 | €192 | +€4 | +2.3% |
| Suppliers | 440/4 | €187 | €192 | +€4 | +2.3% |
| Taxes, remuneration and social security | 45 | €7,501 | €5,686 | -€1,814 | -24.2% |
| Taxes | 450/3 | €5,199 | €5,686 | +€487 | +9.4% |
| Remuneration and social security | 454/9 | €2,301 | €0 | -€2,301 | -100% |
| Other amounts payable | 47/48 | €1,035,544 | €1,035,133 | -€411 | 0.0% |
| Accrued charges and deferred income | 492/3 | €22,230 | €26,220 | +€3,990 | +17.9% |
| Non-recurring operating income | 76A | - | €6,335 | +€6,335 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,441 | €1,733 | -€2,707 | -61.0% |
| Other operating charges | 640/8 | €1,450 | €1,159 | -€291 | -20.1% |
| Gross operating margin | 9900 | €63,857 | €93,175 | +€29,318 | +45.9% |
| Operating profit (loss) | 9901 | €57,967 | €90,283 | +€32,316 | +55.7% |
| Financial income | 75/76B | €58,400 | €63,722 | +€5,322 | +9.1% |
| Recurring financial income | 75 | €58,400 | €63,722 | +€5,322 | +9.1% |
| Financial charges | 65/66B | €37,657 | €39,573 | +€1,916 | +5.1% |
| Recurring financial charges | 65 | €37,657 | €39,573 | +€1,916 | +5.1% |
| Profit (loss) for the period before taxes | 9903 | €78,710 | €114,432 | +€35,722 | +45.4% |
| Income taxes | 67/77 | €7,540 | €15,955 | +€8,416 | +112% |
| Profit (loss) for the period | 9904 | €71,171 | €98,477 | +€27,306 | +38.4% |
| Profit (loss) for the period to be appropriated | 9905 | €71,171 | €98,477 | +€27,306 | +38.4% |
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 18 October 2026 via checked.be.