MAVERICK: 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.
MAVERICK
Largest movements
- Cash -€3,240
down €3,240 (-12.0%), from €27,027 to €23,787
mainly Debts after one year (-€4,606) and Receivables within one year (-€1,737)
- Tangible fixed assets -€2,094
down €2,094 (-35.9%), from €5,825 to €3,731
- Receivables within one year +€1,737
up €1,737 (+11.2%), from €15,482 to €17,219
of which Trade receivables: +€1,058
- Debts after one year -€4,606
down €4,606 (-36.6%), from €12,584 to €7,978
- Tax, wage and social debts +€1,114
up €1,114 (+79.4%), from €1,403 to €2,517
- Gross operating margin +€5,140
up €5,140, from -€1,787 to €3,353
- Other operating charges -€1,218
down €1,218 (-61.6%), from €1,976 to €758
- Depreciation +€1,190
up €1,190 (+131.7%), from €904 to €2,094
- Financial charges -€106
down €106 (-67.9%), from €157 to €50
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 | €57,679 | €54,566 | -€3,113 | -5.4% |
| Fixed assets | 21/28 | €5,825 | €3,731 | -€2,094 | -35.9% |
| Tangible fixed assets | 22/27 | €5,825 | €3,731 | -€2,094 | -35.9% |
| Plant, machinery and equipment | 23 | €5,825 | €3,731 | -€2,094 | -35.9% |
| Current assets | 29/58 | €51,854 | €50,834 | -€1,020 | -2.0% |
| Stocks and contracts in progress | 3 | €8,023 | €8,386 | +€363 | +4.5% |
| Stocks | 30/36 | €8,023 | €8,386 | +€363 | +4.5% |
| Amounts receivable within one year | 40/41 | €15,482 | €17,219 | +€1,737 | +11.2% |
| Trade receivables | 40 | €15,457 | €16,514 | +€1,058 | +6.8% |
| Other amounts receivable | 41 | €25 | €705 | +€680 | +2702.5% |
| Cash at bank and in hand | 54/58 | €27,027 | €23,787 | -€3,240 | -12.0% |
| Deferred charges and accrued income | 490/1 | €1,322 | €1,442 | +€120 | +9.1% |
| Total equity and liabilities | 10/49 | €57,679 | €54,566 | -€3,113 | -5.4% |
| Equity | 10/15 | €39,671 | €40,143 | +€472 | +1.2% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€35,329 | -€34,857 | +€472 | +1.3% |
| Amounts payable | 17/49 | €18,008 | €14,423 | -€3,585 | -19.9% |
| Amounts payable after more than one year | 17 | €12,584 | €7,978 | -€4,606 | -36.6% |
| Financial debts | 170/4 | €12,584 | €7,978 | -€4,606 | -36.6% |
| Amounts payable within one year | 42/48 | €5,423 | €6,445 | +€1,021 | +18.8% |
| Trade debts | 44 | €4,021 | €3,928 | -€93 | -2.3% |
| Suppliers | 440/4 | €4,021 | €3,928 | -€93 | -2.3% |
| Taxes, remuneration and social security | 45 | €1,403 | €2,517 | +€1,114 | +79.4% |
| Taxes | 450/3 | €1,403 | €2,517 | +€1,114 | +79.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €904 | €2,094 | +€1,190 | +131.7% |
| Other operating charges | 640/8 | €1,976 | €758 | -€1,218 | -61.6% |
| Gross operating margin | 9900 | -€1,787 | €3,353 | +€5,140 | |
| Operating profit (loss) | 9901 | -€4,667 | €501 | +€5,168 | |
| Financial income | 75/76B | €8 | €20 | +€13 | +170.2% |
| Recurring financial income | 75 | €8 | €20 | +€13 | +170.2% |
| Financial charges | 65/66B | €157 | €50 | -€106 | -67.9% |
| Recurring financial charges | 65 | €157 | €50 | -€106 | -67.9% |
| Profit (loss) for the period before taxes | 9903 | -€4,816 | €472 | +€5,287 | |
| Profit (loss) for the period | 9904 | -€4,816 | €472 | +€5,287 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,816 | €472 | +€5,287 |
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 8 October 2026 via checked.be.