Marvatex: 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.
Marvatex
Largest movements
- Cash -€3,909
down €3,909 (-75.6%), from €5,170 to €1,260
mainly Net result for the year (-€18,887) and Tax, wage and social debts (-€4,818)
- Receivables within one year +€1,732
up €1,732 (+18.1%), from €9,555 to €11,287
- Tangible fixed assets +€807
up €807 (+869%), from €93 to €900
- Deferred charges and accrued income -€462
down €462 (-79.4%), from €582 to €120
- Profit (loss) carried forward -€18,887
down €18,887 (-9.3%), from -€203,319 to -€222,206
- Other debts +€11,373
up €11,373 (+6.7%), from €168,545 to €179,918
- Trade debts +€10,500
up €10,500 (+61.3%), from €17,135 to €27,635
- Tax, wage and social debts -€4,818
down €4,818 (-34.6%), from €13,938 to €9,120
- Gross operating margin +€10,912
up €10,912 (+38.4%), from -€28,444 to -€17,532
- Depreciation -€3,094
down €3,094 (-95.9%), from €3,226 to €132
- Other operating charges -€540
down €540 (-52.5%), from €1,029 to €489
- Taxes -€480
down €480 (-76.8%), from €625 to €145
- Financial charges -€344
down €344 (-36.8%), from €936 to €592
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 | €15,400 | €13,567 | -€1,833 | -11.9% |
| Fixed assets | 21/28 | €93 | €900 | +€807 | +869% |
| Tangible fixed assets | 22/27 | €93 | €900 | +€807 | +869% |
| Plant, machinery and equipment | 23 | €93 | €900 | +€807 | +869% |
| Current assets | 29/58 | €15,307 | €12,667 | -€2,640 | -17.2% |
| Amounts receivable within one year | 40/41 | €9,555 | €11,287 | +€1,732 | +18.1% |
| Trade receivables | 40 | €9,555 | €11,287 | +€1,732 | +18.1% |
| Cash at bank and in hand | 54/58 | €5,170 | €1,260 | -€3,909 | -75.6% |
| Deferred charges and accrued income | 490/1 | €582 | €120 | -€462 | -79.4% |
| Total equity and liabilities | 10/49 | €15,400 | €13,567 | -€1,833 | -11.9% |
| Equity | 10/15 | -€184,219 | -€203,106 | -€18,887 | -10.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €6,700 | €6,700 | = | 0.0% |
| Distributable reserves | 133 | €6,700 | €6,700 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€203,319 | -€222,206 | -€18,887 | -9.3% |
| Amounts payable | 17/49 | €199,619 | €216,674 | +€17,055 | +8.5% |
| Amounts payable within one year | 42/48 | €199,619 | €216,674 | +€17,055 | +8.5% |
| Trade debts | 44 | €17,135 | €27,635 | +€10,500 | +61.3% |
| Suppliers | 440/4 | €17,135 | €27,635 | +€10,500 | +61.3% |
| Taxes, remuneration and social security | 45 | €13,938 | €9,120 | -€4,818 | -34.6% |
| Taxes | 450/3 | €13,938 | €9,120 | -€4,818 | -34.6% |
| Other amounts payable | 47/48 | €168,545 | €179,918 | +€11,373 | +6.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,226 | €132 | -€3,094 | -95.9% |
| Other operating charges | 640/8 | €1,029 | €489 | -€540 | -52.5% |
| Non-recurring operating charges | 66A | €258 | - | -€258 | |
| Gross operating margin | 9900 | -€28,444 | -€17,532 | +€10,912 | +38.4% |
| Operating profit (loss) | 9901 | -€32,956 | -€18,153 | +€14,803 | +44.9% |
| Financial income | 75/76B | €11 | €2 | -€8 | -78.1% |
| Recurring financial income | 75 | €11 | €2 | -€8 | -78.1% |
| Financial charges | 65/66B | €936 | €592 | -€344 | -36.8% |
| Recurring financial charges | 65 | €936 | €592 | -€344 | -36.8% |
| Profit (loss) for the period before taxes | 9903 | -€33,882 | -€18,742 | +€15,139 | +44.7% |
| Income taxes | 67/77 | €625 | €145 | -€480 | -76.8% |
| Profit (loss) for the period | 9904 | -€34,506 | -€18,887 | +€15,619 | +45.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€34,506 | -€18,887 | +€15,619 | +45.3% |
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 28 October 2026 via checked.be.