MaVermaTec: 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.
MaVermaTec
Largest movements
- Stocks and contracts +€18,284
up €18,284 (+39.0%), from €46,901 to €65,186
of which Stocks: +€15,508
- Cash -€14,471
down €14,471 (-90.3%), from €16,028 to €1,556
mainly Stocks and contracts (-€18,284) and Trade debts (-€12,459)
- Receivables within one year +€12,389
up €12,389 (+40.0%), from €30,972 to €43,361
of which Trade receivables: +€21,200
- Tangible fixed assets -€3,035
down €3,035 (-28.4%), from €10,702 to €7,667
of which Plant, machinery and equipment: -€1,568
- Deferred charges and accrued income +€2,274
up €2,274 (+102.8%), from €2,212 to €4,486
- Reserves +€19,933
up €19,933 (+38.9%), from €51,189 to €71,121
- Trade debts -€12,459
down €12,459 (-33.0%), from €37,808 to €25,349
- Tax, wage and social debts +€6,273
up €6,273 (+196.3%), from €3,195 to €9,468
of which Taxes: +€4,923
- Other debts +€1,548
up €1,548 (+31.8%), from €4,867 to €6,415
- Current portion of long-term debt +€1,395
new in 2025: €1,395
- Staff costs +€49,964
new in 2025: €49,964
- Gross operating margin +€49,069
up €49,069 (+129.3%), from €37,964 to €87,034
- Financial income +€3,300
new in 2025: €3,300
- Depreciation -€2,075
down €2,075 (-34.3%), from €6,053 to €3,979
- Financial charges +€1,153
up €1,153 (+55.3%), from €2,084 to €3,237
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 | €106,816 | €122,256 | +€15,441 | +14.5% |
| Fixed assets | 21/28 | €10,702 | €7,667 | -€3,035 | -28.4% |
| Tangible fixed assets | 22/27 | €10,702 | €7,667 | -€3,035 | -28.4% |
| Plant, machinery and equipment | 23 | €7,499 | €5,931 | -€1,568 | -20.9% |
| Furniture and vehicles | 24 | €3,203 | €1,736 | -€1,467 | -45.8% |
| Current assets | 29/58 | €96,113 | €114,589 | +€18,476 | +19.2% |
| Stocks and contracts in progress | 3 | €46,901 | €65,186 | +€18,284 | +39.0% |
| Stocks | 30/36 | €44,127 | €59,634 | +€15,508 | +35.1% |
| Contracts in progress | 37 | €2,775 | €5,551 | +€2,777 | +100.1% |
| Amounts receivable within one year | 40/41 | €30,972 | €43,361 | +€12,389 | +40.0% |
| Trade receivables | 40 | €9,552 | €30,752 | +€21,200 | +221.9% |
| Other amounts receivable | 41 | €21,420 | €12,609 | -€8,811 | -41.1% |
| Cash at bank and in hand | 54/58 | €16,028 | €1,556 | -€14,471 | -90.3% |
| Deferred charges and accrued income | 490/1 | €2,212 | €4,486 | +€2,274 | +102.8% |
| Total equity and liabilities | 10/49 | €106,816 | €122,256 | +€15,441 | +14.5% |
| Equity | 10/15 | €56,189 | €76,121 | +€19,933 | +35.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Outside capital | 11 | €5,000 | €5,000 | = | 0.0% |
| Other | 1109/19 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €51,189 | €71,121 | +€19,933 | +38.9% |
| Distributable reserves | 133 | €51,189 | €71,121 | +€19,933 | +38.9% |
| Amounts payable | 17/49 | €50,627 | €46,135 | -€4,492 | -8.9% |
| Amounts payable after more than one year | 17 | €1,757 | €1,745 | -€12 | -0.7% |
| Financial debts | 170/4 | €1,757 | €1,745 | -€12 | -0.7% |
| Amounts payable within one year | 42/48 | €48,870 | €44,390 | -€4,480 | -9.2% |
| Current portion of amounts payable after more than one year | 42 | - | €1,395 | +€1,395 | |
| Financial debts | 43 | €3,000 | €1,763 | -€1,237 | -41.2% |
| Credit institutions | 430/8 | €3,000 | €1,763 | -€1,237 | -41.2% |
| Trade debts | 44 | €37,808 | €25,349 | -€12,459 | -33.0% |
| Suppliers | 440/4 | €37,808 | €25,349 | -€12,459 | -33.0% |
| Taxes, remuneration and social security | 45 | €3,195 | €9,468 | +€6,273 | +196.3% |
| Taxes | 450/3 | €3,195 | €8,118 | +€4,923 | +154.1% |
| Remuneration and social security | 454/9 | - | €1,350 | +€1,350 | |
| Other amounts payable | 47/48 | €4,867 | €6,415 | +€1,548 | +31.8% |
| Remuneration, social security and pensions | 62 | - | €49,964 | +€49,964 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,053 | €3,979 | -€2,075 | -34.3% |
| Other operating charges | 640/8 | €788 | €993 | +€205 | +26.1% |
| Gross operating margin | 9900 | €37,964 | €87,034 | +€49,069 | +129.3% |
| Operating profit (loss) | 9901 | €31,123 | €32,098 | +€975 | +3.1% |
| Financial income | 75/76B | - | €3,300 | +€3,300 | |
| Recurring financial income | 75 | - | €3,300 | +€3,300 | |
| Financial charges | 65/66B | €2,084 | €3,237 | +€1,153 | +55.3% |
| Recurring financial charges | 65 | €2,084 | €3,237 | +€1,153 | +55.3% |
| Profit (loss) for the period before taxes | 9903 | €29,039 | €32,160 | +€3,121 | +10.7% |
| Income taxes | 67/77 | €7,317 | €8,428 | +€1,110 | +15.2% |
| Profit (loss) for the period | 9904 | €21,722 | €23,733 | +€2,011 | +9.3% |
| Profit (loss) for the period to be appropriated | 9905 | €21,722 | €23,733 | +€2,011 | +9.3% |
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 3 October 2026 via checked.be.