MAVERDIS: 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.
MAVERDIS
Largest movements
- Tangible fixed assets +€182,211
up €182,211 (+10699.9%), from €1,703 to €183,914
of which Other tangible fixed assets: +€94,801
- Stocks and contracts +€35,936
up €35,936 (+257.4%), from €13,962 to €49,897
- Receivables within one year +€27,719
up €27,719 (+31.3%), from €88,531 to €116,250
- Cash +€16,041
new in 2025: €16,041
mainly Trade debts (+€193,124) and Net result for the year (+€99,788)
- Trade debts +€193,124
up €193,124 (+344.5%), from €56,065 to €249,189
- Other debts -€104,263
down €104,263 (-13.8%), from €754,021 to €649,758
- Profit (loss) carried forward +€99,788
up €99,788 (+12.3%), from -€810,906 to -€711,119
- Tax, wage and social debts +€73,258
up €73,258 (+170.3%), from €43,016 to €116,274
of which Remuneration and social security: +€46,911
- Gross operating margin +€487,485
up €487,485 (+412.1%), from €118,280 to €605,766
- Staff costs +€249,414
up €249,414 (+128.2%), from €194,551 to €443,965
- Depreciation +€39,759
up €39,759 (+3838.1%), from €1,036 to €40,795
- Financial charges -€9,087
down €9,087 (-30.4%), from €29,888 to €20,801
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 | €104,196 | €366,103 | +€261,907 | +251.4% |
| Fixed assets | 21/28 | €1,703 | €183,914 | +€182,211 | +10699.9% |
| Tangible fixed assets | 22/27 | €1,703 | €183,914 | +€182,211 | +10699.9% |
| Plant, machinery and equipment | 23 | €1,703 | €89,113 | +€87,410 | +5132.9% |
| Other tangible fixed assets | 26 | - | €94,801 | +€94,801 | |
| Current assets | 29/58 | €102,493 | €182,188 | +€79,696 | +77.8% |
| Stocks and contracts in progress | 3 | €13,962 | €49,897 | +€35,936 | +257.4% |
| Stocks | 30/36 | €13,962 | €49,897 | +€35,936 | +257.4% |
| Amounts receivable within one year | 40/41 | €88,531 | €116,250 | +€27,719 | +31.3% |
| Trade receivables | 40 | €88,531 | €116,250 | +€27,719 | +31.3% |
| Cash at bank and in hand | 54/58 | - | €16,041 | +€16,041 | |
| Total equity and liabilities | 10/49 | €104,196 | €366,103 | +€261,907 | +251.4% |
| Equity | 10/15 | -€748,906 | -€649,119 | +€99,788 | +13.3% |
| 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% |
| Profit (loss) carried forward | 14 | -€810,906 | -€711,119 | +€99,788 | +12.3% |
| Amounts payable | 17/49 | €853,102 | €1,015,221 | +€162,119 | +19.0% |
| Amounts payable within one year | 42/48 | €853,102 | €1,015,221 | +€162,119 | +19.0% |
| Trade debts | 44 | €56,065 | €249,189 | +€193,124 | +344.5% |
| Suppliers | 440/4 | €56,065 | €249,189 | +€193,124 | +344.5% |
| Taxes, remuneration and social security | 45 | €43,016 | €116,274 | +€73,258 | +170.3% |
| Taxes | 450/3 | €7,630 | €33,977 | +€26,347 | +345.3% |
| Remuneration and social security | 454/9 | €35,386 | €82,297 | +€46,911 | +132.6% |
| Other amounts payable | 47/48 | €754,021 | €649,758 | -€104,263 | -13.8% |
| Non-recurring operating income | 76A | €10,000 | €27,500 | +€17,500 | +175.0% |
| Remuneration, social security and pensions | 62 | €194,551 | €443,965 | +€249,414 | +128.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,036 | €40,795 | +€39,759 | +3838.1% |
| Other operating charges | 640/8 | €391 | €144 | -€246 | -63.1% |
| Gross operating margin | 9900 | €118,280 | €605,766 | +€487,485 | +412.1% |
| Operating profit (loss) | 9901 | -€77,697 | €120,861 | +€198,559 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €29,888 | €20,801 | -€9,087 | -30.4% |
| Recurring financial charges | 65 | €29,888 | €20,801 | -€9,087 | -30.4% |
| Profit (loss) for the period before taxes | 9903 | -€107,585 | €100,061 | +€207,646 | |
| Income taxes | 67/77 | - | €273 | +€273 | |
| Profit (loss) for the period | 9904 | -€107,585 | €99,788 | +€207,373 | |
| Profit (loss) for the period to be appropriated | 9905 | -€107,585 | €99,788 | +€207,373 |
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 11 October 2026 via checked.be.