MAVARI-IT: 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.
MAVARI-IT
Largest movements
- Cash +€84,270
up €84,270 (+145.0%), from €58,106 to €142,376
mainly Depreciation (+€47,286) and Net result for the year (+€43,293)
- Receivables within one year -€34,056
down €34,056 (-34.6%), from €98,343 to €64,287
of which Trade receivables: -€34,142
- Tangible fixed assets -€27,598
down €27,598 (-32.4%), from €85,100 to €57,502
of which Leasing and similar rights: -€25,860
- Stocks and contracts +€7,178
up €7,178 (+14.3%), from €50,024 to €57,202
- Profit (loss) carried forward +€43,293
up €43,293 (+36.5%), from €118,521 to €161,815
- Trade debts +€9,685
up €9,685 (+146.9%), from €6,591 to €16,276
- Current portion of long-term debt -€8,522
no longer reported in 2025 (was €8,522)
- Tax, wage and social debts -€8,056
down €8,056 (-73.2%), from €11,009 to €2,954
- Other debts -€6,837
down €6,837 (-4.8%), from €142,491 to €135,654
- Gross operating margin +€25,274
up €25,274 (+32.6%), from €77,635 to €102,909
- Taxes +€5,326
up €5,326 (+68.0%), from €7,832 to €13,157
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 | €295,194 | €324,758 | +€29,564 | +10.0% |
| Fixed assets | 21/28 | €85,406 | €57,512 | -€27,894 | -32.7% |
| Intangible fixed assets | 21 | €295 | - | -€295 | |
| Tangible fixed assets | 22/27 | €85,100 | €57,502 | -€27,598 | -32.4% |
| Plant, machinery and equipment | 23 | €40,030 | €43,268 | +€3,238 | +8.1% |
| Furniture and vehicles | 24 | €19,211 | €14,234 | -€4,977 | -25.9% |
| Leasing and similar rights | 25 | €25,860 | - | -€25,860 | |
| Financial fixed assets | 28 | €10 | €10 | = | 0.0% |
| Current assets | 29/58 | €209,789 | €267,246 | +€57,457 | +27.4% |
| Stocks and contracts in progress | 3 | €50,024 | €57,202 | +€7,178 | +14.3% |
| Stocks | 30/36 | €50,024 | €57,202 | +€7,178 | +14.3% |
| Amounts receivable within one year | 40/41 | €98,343 | €64,287 | -€34,056 | -34.6% |
| Trade receivables | 40 | €98,343 | €64,202 | -€34,142 | -34.7% |
| Other amounts receivable | 41 | - | €85 | +€85 | |
| Cash at bank and in hand | 54/58 | €58,106 | €142,376 | +€84,270 | +145.0% |
| Deferred charges and accrued income | 490/1 | €3,315 | €3,381 | +€67 | +2.0% |
| Total equity and liabilities | 10/49 | €295,194 | €324,758 | +€29,564 | +10.0% |
| Equity | 10/15 | €126,581 | €169,875 | +€43,293 | +34.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €118,521 | €161,815 | +€43,293 | +36.5% |
| Amounts payable | 17/49 | €168,613 | €154,883 | -€13,730 | -8.1% |
| Amounts payable within one year | 42/48 | €168,613 | €154,883 | -€13,730 | -8.1% |
| Current portion of amounts payable after more than one year | 42 | €8,522 | - | -€8,522 | |
| Trade debts | 44 | €6,591 | €16,276 | +€9,685 | +146.9% |
| Suppliers | 440/4 | €6,591 | €16,276 | +€9,685 | +146.9% |
| Taxes, remuneration and social security | 45 | €11,009 | €2,954 | -€8,056 | -73.2% |
| Taxes | 450/3 | €11,009 | €2,954 | -€8,056 | -73.2% |
| Other amounts payable | 47/48 | €142,491 | €135,654 | -€6,837 | -4.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,481 | €47,286 | -€196 | -0.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€546 | -€546 | |
| Other operating charges | 640/8 | €256 | €1,175 | +€920 | +359.7% |
| Gross operating margin | 9900 | €77,635 | €102,909 | +€25,274 | +32.6% |
| Operating profit (loss) | 9901 | €29,898 | €54,994 | +€25,096 | +83.9% |
| Financial income | 75/76B | €1,282 | €1,955 | +€673 | +52.5% |
| Recurring financial income | 75 | €1,282 | €1,955 | +€673 | +52.5% |
| Financial charges | 65/66B | €810 | €498 | -€312 | -38.5% |
| Recurring financial charges | 65 | €810 | €498 | -€312 | -38.5% |
| Profit (loss) for the period before taxes | 9903 | €30,370 | €56,451 | +€26,081 | +85.9% |
| Income taxes | 67/77 | €7,832 | €13,157 | +€5,326 | +68.0% |
| Profit (loss) for the period | 9904 | €22,538 | €43,293 | +€20,756 | +92.1% |
| Profit (loss) for the period to be appropriated | 9905 | €22,538 | €43,293 | +€20,756 | +92.1% |
Source: filed annual accounts (NBB), financial years ended 31 August 2024 and 31 August 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.