MAVENCE BELGIUM: 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.
MAVENCE BELGIUM
Largest movements
- Receivables within one year +€50,459
up €50,459 (+138%), from €36,478 to €86,937
of which Trade receivables: +€41,410
- Cash +€31,274
up €31,274 (+42.5%), from €73,564 to €104,838
mainly Net result for the year (+€53,707) and Trade debts (+€46,628)
- Deferred charges and accrued income +€2,747
up €2,747 (+341%), from €805 to €3,552
- Profit (loss) carried forward +€53,707
up €53,707, from -€51,355 to €2,352
- Trade debts +€46,628
up €46,628 (+37.1%), from €125,576 to €172,204
- Tax, wage and social debts -€15,855
down €15,855 (-47.2%), from €33,615 to €17,760
of which Remuneration and social security: -€20,479
- Staff costs -€181,522
down €181,522 (-58.9%), from €308,445 to €126,923
- Gross operating margin -€72,138
down €72,138 (-28.0%), from €258,066 to €185,928
- Taxes +€4,624
new in 2025: €4,624
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.
Derived cash bridge
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 | €114,246 | €198,727 | +€84,480 | +73.9% |
| Fixed assets | 21/28 | €3,400 | €3,400 | = | 0.0% |
| Financial fixed assets | 28 | €3,400 | €3,400 | = | 0.0% |
| Current assets | 29/58 | €110,846 | €195,327 | +€84,480 | +76.2% |
| Amounts receivable within one year | 40/41 | €36,478 | €86,937 | +€50,459 | +138% |
| Trade receivables | 40 | €36,380 | €77,790 | +€41,410 | +114% |
| Other amounts receivable | 41 | €98 | €9,147 | +€9,049 | +9,234% |
| Cash at bank and in hand | 54/58 | €73,564 | €104,838 | +€31,274 | +42.5% |
| Deferred charges and accrued income | 490/1 | €805 | €3,552 | +€2,747 | +341% |
| Total equity and liabilities | 10/49 | €114,246 | €198,727 | +€84,480 | +73.9% |
| Equity | 10/15 | -€48,355 | €5,352 | +€53,707 | |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€51,355 | €2,352 | +€53,707 | |
| Amounts payable | 17/49 | €162,602 | €193,375 | +€30,773 | +18.9% |
| Amounts payable within one year | 42/48 | €162,602 | €193,375 | +€30,773 | +18.9% |
| Trade debts | 44 | €125,576 | €172,204 | +€46,628 | +37.1% |
| Suppliers | 440/4 | €125,576 | €172,204 | +€46,628 | +37.1% |
| Taxes, remuneration and social security | 45 | €33,615 | €17,760 | -€15,855 | -47.2% |
| Taxes | 450/3 | - | €4,624 | +€4,624 | |
| Remuneration and social security | 454/9 | €33,615 | €13,136 | -€20,479 | -60.9% |
| Other amounts payable | 47/48 | €3,411 | €3,411 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €308,445 | €126,923 | -€181,522 | -58.9% |
| Other operating charges | 640/8 | €772 | €400 | -€372 | -48.2% |
| Gross operating margin | 9900 | €258,066 | €185,928 | -€72,138 | -28.0% |
| Operating profit (loss) | 9901 | -€51,151 | €58,605 | +€109,756 | |
| Financial income | 75/76B | €0 | €36 | +€36 | +60,317% |
| Recurring financial income | 75 | €0 | €36 | +€36 | +60,317% |
| Financial charges | 65/66B | €204 | €310 | +€106 | +51.7% |
| Recurring financial charges | 65 | €204 | €310 | +€106 | +51.7% |
| Profit (loss) for the period before taxes | 9903 | -€51,355 | €58,331 | +€109,686 | |
| Income taxes | 67/77 | - | €4,624 | +€4,624 | |
| Profit (loss) for the period | 9904 | -€51,355 | €53,707 | +€105,062 | |
| Profit (loss) for the period to be appropriated | 9905 | -€51,355 | €53,707 | +€105,062 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.