Marvesta Group: 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.
Marvesta Group
Largest movements
- Receivables within one year +€36,934
up €36,934 (+70,350%), from €53 to €36,986
of which Trade receivables: +€30,347
- Cash +€12,872
up €12,872 (+710%), from €1,813 to €14,686
mainly Trade debts (+€29,126) and Net result for the year (+€12,900)
- Tangible fixed assets +€1,220
new in 2025: €1,220
- Trade debts +€29,126
new in 2025: €29,126
- Profit (loss) carried forward +€12,900
up €12,900 (+71.1%), from -€18,134 to -€5,235
- Other debts +€9,000
new in 2025: €9,000
- Gross operating margin -€47,989
down €47,989 (-78.1%), from €61,449 to €13,460
- Depreciation -€1,154
down €1,154 (-99.5%), from €1,159 to €5
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 | €1,866 | €52,891 | +€51,026 | +2,735% |
| Fixed assets | 21/28 | - | €1,220 | +€1,220 | |
| Tangible fixed assets | 22/27 | - | €1,220 | +€1,220 | |
| Furniture and vehicles | 24 | - | €1,220 | +€1,220 | |
| Current assets | 29/58 | €1,866 | €51,672 | +€49,806 | +2,669% |
| Amounts receivable within one year | 40/41 | €53 | €36,986 | +€36,934 | +70,350% |
| Trade receivables | 40 | - | €30,347 | +€30,347 | |
| Other amounts receivable | 41 | €53 | €6,639 | +€6,587 | +12,546% |
| Cash at bank and in hand | 54/58 | €1,813 | €14,686 | +€12,872 | +710% |
| Total equity and liabilities | 10/49 | €1,866 | €52,891 | +€51,026 | +2,735% |
| Equity | 10/15 | €1,866 | €14,765 | +€12,900 | +691% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€18,134 | -€5,235 | +€12,900 | +71.1% |
| Amounts payable | 17/49 | - | €38,126 | +€38,126 | |
| Amounts payable within one year | 42/48 | - | €38,126 | +€38,126 | |
| Trade debts | 44 | - | €29,126 | +€29,126 | |
| Suppliers | 440/4 | - | €29,126 | +€29,126 | |
| Other amounts payable | 47/48 | - | €9,000 | +€9,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,159 | €5 | -€1,154 | -99.5% |
| Other operating charges | 640/8 | €890 | €520 | -€370 | -41.6% |
| Non-recurring operating charges | 66A | €19,187 | - | -€19,187 | |
| Gross operating margin | 9900 | €61,449 | €13,460 | -€47,989 | -78.1% |
| Operating profit (loss) | 9901 | €40,213 | €12,935 | -€27,278 | -67.8% |
| Financial charges | 65/66B | €60 | €35 | -€24 | -40.5% |
| Recurring financial charges | 65 | €60 | €35 | -€24 | -40.5% |
| Profit (loss) for the period before taxes | 9903 | €40,153 | €12,900 | -€27,254 | -67.9% |
| Profit (loss) for the period | 9904 | €40,153 | €12,900 | -€27,254 | -67.9% |
| Profit (loss) for the period to be appropriated | 9905 | €40,153 | €12,900 | -€27,254 | -67.9% |
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 18 October 2026 via checked.be.