Mavanco: 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.
Mavanco
Largest movements
- Tangible fixed assets +€195,155
new in 2026: €195,155
- Cash +€14,671
up €14,671 (+73.5%), from €19,950 to €34,621
mainly Debts after one year (+€164,647) and Net result for the year (+€31,673)
- Receivables within one year +€14,666
up €14,666 (+7,380%), from €199 to €14,864
of which Trade receivables: +€14,864
- Debts after one year +€164,647
new in 2026: €164,647
- Reserves +€30,677
new in 2026: €30,677
- Tax, wage and social debts +€14,204
new in 2026: €14,204
- Current portion of long-term debt +€8,901
new in 2026: €8,901
- Other debts +€4,255
up €4,255 (+372%), from €1,145 to €5,400
- Gross operating margin +€69,554
new in 2026: €69,554
- Depreciation +€24,837
up €24,837 (+2,493%), from €996 to €25,834
- Taxes +€8,447
new in 2026: €8,447
- Financial charges +€3,184
new in 2026: €3,184
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 | €20,149 | €244,640 | +€224,491 | +1,114% |
| Fixed assets | 21/28 | - | €195,155 | +€195,155 | |
| Tangible fixed assets | 22/27 | - | €195,155 | +€195,155 | |
| Land and buildings | 22 | - | €195,155 | +€195,155 | |
| Current assets | 29/58 | €20,149 | €49,485 | +€29,336 | +146% |
| Amounts receivable within one year | 40/41 | €199 | €14,864 | +€14,666 | +7,380% |
| Trade receivables | 40 | - | €14,864 | +€14,864 | |
| Other amounts receivable | 41 | €199 | €0 | -€199 | -100% |
| Cash at bank and in hand | 54/58 | €19,950 | €34,621 | +€14,671 | +73.5% |
| Total equity and liabilities | 10/49 | €20,149 | €244,640 | +€224,491 | +1,114% |
| Equity | 10/15 | €19,004 | €50,677 | +€31,673 | +167% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | - | €30,677 | +€30,677 | |
| Distributable reserves | 133 | - | €30,677 | +€30,677 | |
| Profit (loss) carried forward | 14 | -€996 | €0 | +€996 | |
| Amounts payable | 17/49 | €1,145 | €193,963 | +€192,818 | +16,840% |
| Amounts payable after more than one year | 17 | - | €164,647 | +€164,647 | |
| Financial debts | 170/4 | - | €164,647 | +€164,647 | |
| Amounts payable within one year | 42/48 | €1,145 | €29,315 | +€28,170 | +2,460% |
| Current portion of amounts payable after more than one year | 42 | - | €8,901 | +€8,901 | |
| Trade debts | 44 | - | €810 | +€810 | |
| Suppliers | 440/4 | - | €810 | +€810 | |
| Taxes, remuneration and social security | 45 | - | €14,204 | +€14,204 | |
| Taxes | 450/3 | - | €14,204 | +€14,204 | |
| Other amounts payable | 47/48 | €1,145 | €5,400 | +€4,255 | +372% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €996 | €25,834 | +€24,837 | +2,493% |
| Other operating charges | 640/8 | - | €416 | +€416 | |
| Gross operating margin | 9900 | - | €69,554 | +€69,554 | |
| Operating profit (loss) | 9901 | -€996 | €43,305 | +€44,301 | |
| Financial charges | 65/66B | - | €3,184 | +€3,184 | |
| Recurring financial charges | 65 | - | €3,184 | +€3,184 | |
| Profit (loss) for the period before taxes | 9903 | -€996 | €40,120 | +€41,117 | |
| Income taxes | 67/77 | - | €8,447 | +€8,447 | |
| Profit (loss) for the period | 9904 | -€996 | €31,673 | +€32,670 | |
| Profit (loss) for the period to be appropriated | 9905 | -€996 | €31,673 | +€32,670 |
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 15 October 2026 via checked.be.