MAVERCA: 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.
MAVERCA
Largest movements
- Receivables within one year -€8,449
down €8,449 (-10.7%), from €78,606 to €70,157
of which Other amounts receivable: -€7,450
- Tangible fixed assets +€7,055
up €7,055 (+830.0%), from €850 to €7,905
of which Land and buildings: +€7,305
- Cash -€2,496
down €2,496 (-38.6%), from €6,474 to €3,977
mainly Investment in fixed assets (net) (-€7,835) and Trade debts (-€2,500)
- Trade debts -€2,500
down €2,500 (-63.6%), from €3,929 to €1,429
- Profit (loss) carried forward -€1,309
down €1,309 (-5.6%), from €23,236 to €21,927
- Gross operating margin +€2,511
up €2,511 (+41.2%), from -€6,095 to -€3,584
- Financial income -€980
down €980 (-18.7%), from €5,232 to €4,252
- Depreciation +€403
up €403 (+99.1%), from €406 to €809
- Financial charges -€254
down €254 (-41.0%), from €619 to €366
- Other operating charges -€75
down €75 (-8.6%), from €876 to €801
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.
Cash bridge derived
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 | €86,382 | €82,573 | -€3,809 | -4.4% |
| Fixed assets | 21/28 | €879 | €7,905 | +€7,026 | +799.8% |
| Tangible fixed assets | 22/27 | €850 | €7,905 | +€7,055 | +830.0% |
| Land and buildings | 22 | - | €7,305 | +€7,305 | |
| Furniture and vehicles | 24 | €850 | €600 | -€250 | -29.4% |
| Financial fixed assets | 28 | €29 | - | -€29 | |
| Current assets | 29/58 | €85,503 | €74,668 | -€10,835 | -12.7% |
| Amounts receivable within one year | 40/41 | €78,606 | €70,157 | -€8,449 | -10.7% |
| Trade receivables | 40 | €2,184 | €1,185 | -€999 | -45.7% |
| Other amounts receivable | 41 | €76,422 | €68,972 | -€7,450 | -9.7% |
| Cash at bank and in hand | 54/58 | €6,474 | €3,977 | -€2,496 | -38.6% |
| Deferred charges and accrued income | 490/1 | €424 | €534 | +€110 | +26.0% |
| Total equity and liabilities | 10/49 | €86,382 | €82,573 | -€3,809 | -4.4% |
| Equity | 10/15 | €82,453 | €81,145 | -€1,309 | -1.6% |
| Contributions | 10/11 | €37,184 | €37,184 | = | 0.0% |
| Reserves | 13 | €22,033 | €22,033 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,718 | €3,718 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,718 | €3,718 | = | 0.0% |
| Distributable reserves | 133 | €18,315 | €18,315 | = | 0.0% |
| Profit (loss) carried forward | 14 | €23,236 | €21,927 | -€1,309 | -5.6% |
| Amounts payable | 17/49 | €3,929 | €1,429 | -€2,500 | -63.6% |
| Amounts payable within one year | 42/48 | €3,929 | €1,429 | -€2,500 | -63.6% |
| Trade debts | 44 | €3,929 | €1,429 | -€2,500 | -63.6% |
| Suppliers | 440/4 | €3,929 | €1,429 | -€2,500 | -63.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €406 | €809 | +€403 | +99.1% |
| Other operating charges | 640/8 | €876 | €801 | -€75 | -8.6% |
| Gross operating margin | 9900 | -€6,095 | -€3,584 | +€2,511 | +41.2% |
| Operating profit (loss) | 9901 | -€7,378 | -€5,195 | +€2,183 | +29.6% |
| Financial income | 75/76B | €5,232 | €4,252 | -€980 | -18.7% |
| Recurring financial income | 75 | €5,232 | €4,252 | -€980 | -18.7% |
| Financial charges | 65/66B | €619 | €366 | -€254 | -41.0% |
| Recurring financial charges | 65 | €619 | €366 | -€254 | -41.0% |
| Profit (loss) for the period before taxes | 9903 | -€2,766 | -€1,309 | +€1,457 | +52.7% |
| Income taxes | 67/77 | - | -€0 | -€0 | |
| Profit (loss) for the period | 9904 | -€2,766 | -€1,309 | +€1,457 | +52.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,766 | -€1,309 | +€1,457 | +52.7% |
Source: filed annual accounts (NBB), financial years ended 31 January 2025 and 31 January 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.