MARVIC: 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.
MARVIC
Largest movements
- Cash +€14,568
up €14,568 (+40.9%), from €35,638 to €50,206
mainly Net result for the year (+€15,328) and Depreciation (+€11,920)
- Tangible fixed assets -€11,920
down €11,920 (-6.2%), from €191,051 to €179,130
of which Land and buildings: -€10,867
- Deferred charges and accrued income +€8,424
new in 2025: €8,424
- Other debts +€8,797
up €8,797 (+731.2%), from €1,203 to €10,001
- Reserves -€6,059
down €6,059 (-5.9%), from €102,923 to €96,864
of which Distributable reserves: -€6,059
- Trade debts +€6,034
up €6,034 (+478.9%), from €1,260 to €7,294
- Gross operating margin +€2,282
up €2,282 (+5.0%), from €45,704 to €47,987
- Other operating charges +€728
up €728 (+6.1%), from €11,990 to €12,718
- Taxes +€704
up €704 (+9.8%), from €7,145 to €7,848
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 | €226,689 | €237,760 | +€11,072 | +4.9% |
| Fixed assets | 21/28 | €191,051 | €179,130 | -€11,920 | -6.2% |
| Tangible fixed assets | 22/27 | €191,051 | €179,130 | -€11,920 | -6.2% |
| Land and buildings | 22 | €188,156 | €177,289 | -€10,867 | -5.8% |
| Plant, machinery and equipment | 23 | €2,895 | €1,842 | -€1,053 | -36.4% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Current assets | 29/58 | €35,638 | €58,630 | +€22,992 | +64.5% |
| Cash at bank and in hand | 54/58 | €35,638 | €50,206 | +€14,568 | +40.9% |
| Deferred charges and accrued income | 490/1 | - | €8,424 | +€8,424 | |
| Total equity and liabilities | 10/49 | €226,689 | €237,760 | +€11,072 | +4.9% |
| Equity | 10/15 | €212,213 | €206,155 | -€6,059 | -2.9% |
| Contributions | 10/11 | €62,320 | €62,320 | = | 0.0% |
| Capital | 10 | €62,320 | €62,320 | = | 0.0% |
| Issued capital | 100 | €62,320 | €62,320 | = | 0.0% |
| Reserves | 13 | €102,923 | €96,864 | -€6,059 | -5.9% |
| Non-distributable reserves | 130/1 | €6,232 | €6,232 | = | 0.0% |
| Legal reserve | 130 | €6,232 | €6,232 | = | 0.0% |
| Distributable reserves | 133 | €96,691 | €90,632 | -€6,059 | -6.3% |
| Profit (loss) carried forward | 14 | €46,971 | €46,971 | = | 0.0% |
| Amounts payable | 17/49 | €14,475 | €31,606 | +€17,130 | +118.3% |
| Amounts payable after more than one year | 17 | €4,480 | €4,480 | = | 0.0% |
| Other amounts payable | 178/9 | €4,480 | €4,480 | = | 0.0% |
| Amounts payable within one year | 42/48 | €9,608 | €26,212 | +€16,604 | +172.8% |
| Trade debts | 44 | €1,260 | €7,294 | +€6,034 | +478.9% |
| Suppliers | 440/4 | €1,260 | €7,294 | +€6,034 | +478.9% |
| Taxes, remuneration and social security | 45 | €7,145 | €8,918 | +€1,773 | +24.8% |
| Taxes | 450/3 | €7,145 | €8,918 | +€1,773 | +24.8% |
| Other amounts payable | 47/48 | €1,203 | €10,001 | +€8,797 | +731.2% |
| Accrued charges and deferred income | 492/3 | €387 | €913 | +€526 | +135.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,268 | €11,920 | -€348 | -2.8% |
| Other operating charges | 640/8 | €11,990 | €12,718 | +€728 | +6.1% |
| Gross operating margin | 9900 | €45,704 | €47,987 | +€2,282 | +5.0% |
| Operating profit (loss) | 9901 | €21,447 | €23,349 | +€1,902 | +8.9% |
| Financial income | 75/76B | €9 | €0 | -€9 | -97.2% |
| Recurring financial income | 75 | €9 | €0 | -€9 | -97.2% |
| Financial charges | 65/66B | €33 | €172 | +€139 | +422.2% |
| Recurring financial charges | 65 | €33 | €172 | +€139 | +422.2% |
| Profit (loss) for the period before taxes | 9903 | €21,423 | €23,177 | +€1,754 | +8.2% |
| Income taxes | 67/77 | €7,145 | €7,848 | +€704 | +9.8% |
| Profit (loss) for the period | 9904 | €14,278 | €15,328 | +€1,051 | +7.4% |
| Profit (loss) for the period to be appropriated | 9905 | €14,278 | €15,328 | +€1,051 | +7.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.