MAVERBE: 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.
MAVERBE
Largest movements
- Tangible fixed assets -€27,262
down €27,262 (-10.1%), from €270,975 to €243,712
of which Land and buildings: -€17,647
- Cash +€11,509
up €11,509 (+132%), from €8,726 to €20,234
mainly Depreciation (+€14,059) and Investment in fixed assets (net) (+€13,204)
- Profit (loss) carried forward -€11,062
down €11,062 (-24.6%), from €44,940 to €33,877
- Gross operating margin -€101,571
down €101,571 (-93.2%), from €108,956 to €7,385
- Taxes -€11,163
down €11,163 (-99.1%), from €11,269 to €106
- Other operating charges +€2,048
up €2,048 (+34.0%), from €6,017 to €8,066
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 | €282,161 | €266,407 | -€15,754 | -5.6% |
| Fixed assets | 21/28 | €270,975 | €243,712 | -€27,262 | -10.1% |
| Tangible fixed assets | 22/27 | €270,975 | €243,712 | -€27,262 | -10.1% |
| Land and buildings | 22 | €240,511 | €222,865 | -€17,647 | -7.3% |
| Plant, machinery and equipment | 23 | €7,032 | €4,222 | -€2,810 | -40.0% |
| Furniture and vehicles | 24 | €23,432 | €16,626 | -€6,806 | -29.0% |
| Current assets | 29/58 | €11,186 | €22,695 | +€11,509 | +103% |
| Amounts receivable within one year | 40/41 | €1,731 | €1,731 | = | 0.0% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €1,731 | €1,731 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €8,726 | €20,234 | +€11,509 | +132% |
| Deferred charges and accrued income | 490/1 | €729 | €729 | = | 0.0% |
| Total equity and liabilities | 10/49 | €282,161 | €266,407 | -€15,754 | -5.6% |
| Equity | 10/15 | €188,228 | €174,349 | -€13,879 | -7.4% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €81,288 | €78,472 | -€2,817 | -3.5% |
| Non-distributable reserves | 130/1 | €2,365 | €2,365 | = | 0.0% |
| Legal reserve | 130 | €2,365 | €2,365 | = | 0.0% |
| Tax-exempt reserves | 132 | €41,872 | €39,056 | -€2,817 | -6.7% |
| Distributable reserves | 133 | €37,051 | €37,051 | = | 0.0% |
| Profit (loss) carried forward | 14 | €44,940 | €33,877 | -€11,062 | -24.6% |
| Provisions and deferred taxes | 16 | €13,957 | €13,019 | -€939 | -6.7% |
| Deferred taxes | 168 | €13,957 | €13,019 | -€939 | -6.7% |
| Amounts payable | 17/49 | €79,976 | €79,039 | -€936 | -1.2% |
| Amounts payable within one year | 42/48 | €79,976 | €79,039 | -€936 | -1.2% |
| Trade debts | 44 | €864 | €174 | -€690 | -79.8% |
| Suppliers | 440/4 | €864 | €174 | -€690 | -79.8% |
| Taxes, remuneration and social security | 45 | €0 | €78 | +€78 | |
| Taxes | 450/3 | €0 | €78 | +€78 | |
| Other amounts payable | 47/48 | €79,112 | €78,787 | -€324 | -0.4% |
| Non-recurring operating income | 76A | €151,639 | €6,400 | -€145,239 | -95.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,426 | €14,059 | -€368 | -2.5% |
| Other operating charges | 640/8 | €6,017 | €8,066 | +€2,048 | +34.0% |
| Gross operating margin | 9900 | €108,956 | €7,385 | -€101,571 | -93.2% |
| Operating profit (loss) | 9901 | €88,513 | -€14,739 | -€103,252 | |
| Financial income | 75/76B | - | €95 | +€95 | |
| Recurring financial income | 75 | - | €95 | +€95 | |
| Financial charges | 65/66B | €66 | €67 | +€1 | +1.2% |
| Recurring financial charges | 65 | €66 | €67 | +€1 | +1.2% |
| Profit (loss) for the period before taxes | 9903 | €88,447 | -€14,711 | -€103,158 | |
| Transfer from deferred taxes | 780 | €939 | €939 | = | 0.0% |
| Income taxes | 67/77 | €11,269 | €106 | -€11,163 | -99.1% |
| Profit (loss) for the period | 9904 | €78,117 | -€13,879 | -€91,996 | |
| Transfer from tax-exempt reserves | 789 | €2,817 | €2,817 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €80,933 | -€11,062 | -€91,996 |
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 13 October 2026 via checked.be.