MAVEN TECHNICS: 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.
MAVEN TECHNICS
Largest movements
- Receivables within one year +€107,947
up €107,947 (+170.8%), from €63,194 to €171,142
of which Trade receivables: +€112,031
- Cash -€90,921
down €90,921 (-97.1%), from €93,611 to €2,690
mainly Receivables within one year (-€107,947) and Trade debts (-€7,614)
- Reserves +€21,878
up €21,878 (+25.4%), from €86,280 to €108,158
- Trade debts -€7,614
down €7,614 (-11.6%), from €65,359 to €57,745
- Tax, wage and social debts +€1,842
up €1,842 (+20.3%), from €9,094 to €10,936
- Gross operating margin -€6,524
down €6,524 (-19.4%), from €33,562 to €27,037
- Taxes -€1,840
down €1,840 (-20.2%), from €9,094 to €7,255
- Depreciation +€993
up €993 (+25.3%), from €3,917 to €4,910
- Financial income +€442
up €442 (+6.6%), from €6,663 to €7,105
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 | €164,734 | €180,840 | +€16,106 | +9.8% |
| Fixed assets | 21/28 | €7,928 | €7,008 | -€920 | -11.6% |
| Tangible fixed assets | 22/27 | €7,928 | €7,008 | -€920 | -11.6% |
| Plant, machinery and equipment | 23 | €2,164 | €4,417 | +€2,253 | +104.1% |
| Furniture and vehicles | 24 | €5,764 | €2,591 | -€3,174 | -55.1% |
| Current assets | 29/58 | €156,806 | €173,832 | +€17,026 | +10.9% |
| Amounts receivable within one year | 40/41 | €63,194 | €171,142 | +€107,947 | +170.8% |
| Trade receivables | 40 | €37,020 | €149,050 | +€112,031 | +302.6% |
| Other amounts receivable | 41 | €26,175 | €22,091 | -€4,083 | -15.6% |
| Cash at bank and in hand | 54/58 | €93,611 | €2,690 | -€90,921 | -97.1% |
| Total equity and liabilities | 10/49 | €164,734 | €180,840 | +€16,106 | +9.8% |
| Equity | 10/15 | €90,280 | €112,158 | +€21,878 | +24.2% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €86,280 | €108,158 | +€21,878 | +25.4% |
| Distributable reserves | 133 | €86,280 | €108,158 | +€21,878 | +25.4% |
| Amounts payable | 17/49 | €74,453 | €68,682 | -€5,772 | -7.8% |
| Amounts payable within one year | 42/48 | €74,453 | €68,682 | -€5,772 | -7.8% |
| Trade debts | 44 | €65,359 | €57,745 | -€7,614 | -11.6% |
| Suppliers | 440/4 | €65,359 | €57,745 | -€7,614 | -11.6% |
| Taxes, remuneration and social security | 45 | €9,094 | €10,936 | +€1,842 | +20.3% |
| Taxes | 450/3 | €9,094 | €10,936 | +€1,842 | +20.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,917 | €4,910 | +€993 | +25.3% |
| Gross operating margin | 9900 | €33,562 | €27,037 | -€6,524 | -19.4% |
| Operating profit (loss) | 9901 | €29,645 | €22,128 | -€7,517 | -25.4% |
| Financial income | 75/76B | €6,663 | €7,105 | +€442 | +6.6% |
| Recurring financial income | 75 | €6,663 | €7,105 | +€442 | +6.6% |
| Financial charges | 65/66B | €105 | €100 | -€4 | -4.3% |
| Recurring financial charges | 65 | €105 | €100 | -€4 | -4.3% |
| Profit (loss) for the period before taxes | 9903 | €36,203 | €29,133 | -€7,071 | -19.5% |
| Income taxes | 67/77 | €9,094 | €7,255 | -€1,840 | -20.2% |
| Profit (loss) for the period | 9904 | €27,109 | €21,878 | -€5,231 | -19.3% |
| Profit (loss) for the period to be appropriated | 9905 | €27,109 | €21,878 | -€5,231 | -19.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.