MARVIS: 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.
MARVIS
Largest movements
- Receivables within one year +€4,143
up €4,143 (+23.5%), from €17,646 to €21,789
of which Trade receivables: +€4,023
- Tangible fixed assets -€664
down €664 (-48.1%), from €1,379 to €715
- Cash -€243
down €243 (-27.9%), from €873 to €630
mainly Trade debts (-€9,047) and Receivables within one year (-€4,143)
- Tax, wage and social debts +€11,924
up €11,924 (+397%), from €3,000 to €14,924
of which Remuneration and social security: +€11,702
- Trade debts -€9,047
no longer reported in 2026 (was €9,047)
- Profit (loss) carried forward +€340
up €340 (+9.2%), from €3,707 to €4,047
- Depreciation -€2,260
down €2,260 (-77.3%), from €2,924 to €664
- Taxes +€1,280
up €1,280 (+22,854%), from €6 to €1,285
- Gross operating margin -€753
down €753 (-18.5%), from €4,065 to €3,312
- Financial charges -€91
down €91 (-61.7%), from €147 to €56
- Other operating charges +€61
up €61 (+6.7%), from €906 to €966
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €20,754 | €23,971 | +€3,217 | +15.5% |
| Fixed assets | 21/28 | €1,379 | €715 | -€664 | -48.1% |
| Tangible fixed assets | 22/27 | €1,379 | €715 | -€664 | -48.1% |
| Furniture and vehicles | 24 | €1,379 | €715 | -€664 | -48.1% |
| Current assets | 29/58 | €19,375 | €23,255 | +€3,881 | +20.0% |
| Amounts receivable within one year | 40/41 | €17,646 | €21,789 | +€4,143 | +23.5% |
| Trade receivables | 40 | €17,417 | €21,440 | +€4,023 | +23.1% |
| Other amounts receivable | 41 | €229 | €350 | +€120 | +52.4% |
| Cash at bank and in hand | 54/58 | €873 | €630 | -€243 | -27.9% |
| Deferred charges and accrued income | 490/1 | €855 | €836 | -€19 | -2.2% |
| Total equity and liabilities | 10/49 | €20,754 | €23,971 | +€3,217 | +15.5% |
| Equity | 10/15 | €8,707 | €9,047 | +€340 | +3.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,707 | €4,047 | +€340 | +9.2% |
| Amounts payable | 17/49 | €12,047 | €14,924 | +€2,877 | +23.9% |
| Amounts payable within one year | 42/48 | €12,047 | €14,924 | +€2,877 | +23.9% |
| Trade debts | 44 | €9,047 | - | -€9,047 | |
| Suppliers | 440/4 | €9,047 | - | -€9,047 | |
| Taxes, remuneration and social security | 45 | €3,000 | €14,924 | +€11,924 | +397% |
| Taxes | 450/3 | €500 | €722 | +€222 | +44.3% |
| Remuneration and social security | 454/9 | €2,500 | €14,202 | +€11,702 | +468% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,924 | €664 | -€2,260 | -77.3% |
| Other operating charges | 640/8 | €906 | €966 | +€61 | +6.7% |
| Gross operating margin | 9900 | €4,065 | €3,312 | -€753 | -18.5% |
| Operating profit (loss) | 9901 | €235 | €1,682 | +€1,447 | +617% |
| Financial charges | 65/66B | €147 | €56 | -€91 | -61.7% |
| Recurring financial charges | 65 | €147 | €56 | -€91 | -61.7% |
| Profit (loss) for the period before taxes | 9903 | €88 | €1,626 | +€1,538 | +1,749% |
| Income taxes | 67/77 | €6 | €1,285 | +€1,280 | +22,854% |
| Profit (loss) for the period | 9904 | €82 | €340 | +€258 | +313% |
| Profit (loss) for the period to be appropriated | 9905 | €82 | €340 | +€258 | +313% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.