Mavero Solutions: 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.
Mavero Solutions
Largest movements
- Cash -€66,227
down €66,227 (-43.0%), from €153,984 to €87,757
mainly Contributions, distributions and other (-€175,000) and Investment in fixed assets (net) (-€46,986)
- Tangible fixed assets +€35,963
up €35,963 (+198%), from €18,191 to €54,154
of which Land and buildings: +€34,687
- Receivables within one year -€9,381
down €9,381 (-14.5%), from €64,877 to €55,496
of which Trade receivables: -€13,510
- Reserves -€24,350
down €24,350 (-13.9%), from €175,000 to €150,650
- Tax, wage and social debts -€13,091
down €13,091 (-33.9%), from €38,589 to €25,497
- Gross operating margin -€27,023
down €27,023 (-11.0%), from €244,943 to €217,920
- Taxes -€7,583
down €7,583 (-14.2%), from €53,570 to €45,987
- Depreciation +€5,635
up €5,635 (+105%), from €5,388 to €11,023
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 | €241,916 | €202,387 | -€39,529 | -16.3% |
| Fixed assets | 21/28 | €18,191 | €54,154 | +€35,963 | +198% |
| Tangible fixed assets | 22/27 | €18,191 | €54,154 | +€35,963 | +198% |
| Land and buildings | 22 | - | €34,687 | +€34,687 | |
| Plant, machinery and equipment | 23 | €890 | €7,014 | +€6,124 | +688% |
| Furniture and vehicles | 24 | €9,003 | €5,566 | -€3,437 | -38.2% |
| Other tangible fixed assets | 26 | €8,299 | €6,887 | -€1,412 | -17.0% |
| Current assets | 29/58 | €223,725 | €148,233 | -€75,492 | -33.7% |
| Amounts receivable within one year | 40/41 | €64,877 | €55,496 | -€9,381 | -14.5% |
| Trade receivables | 40 | €64,846 | €51,336 | -€13,510 | -20.8% |
| Other amounts receivable | 41 | €32 | €4,160 | +€4,129 | +12,999% |
| Cash at bank and in hand | 54/58 | €153,984 | €87,757 | -€66,227 | -43.0% |
| Deferred charges and accrued income | 490/1 | €4,863 | €4,980 | +€117 | +2.4% |
| Total equity and liabilities | 10/49 | €241,916 | €202,387 | -€39,529 | -16.3% |
| Equity | 10/15 | €193,675 | €169,259 | -€24,416 | -12.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €175,000 | €150,650 | -€24,350 | -13.9% |
| Distributable reserves | 133 | €175,000 | €150,650 | -€24,350 | -13.9% |
| Profit (loss) carried forward | 14 | €75 | €9 | -€66 | -87.8% |
| Amounts payable | 17/49 | €48,241 | €33,128 | -€15,113 | -31.3% |
| Amounts payable within one year | 42/48 | €48,241 | €33,128 | -€15,113 | -31.3% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €1,614 | €26 | -€1,588 | -98.4% |
| Suppliers | 440/4 | €1,614 | €26 | -€1,588 | -98.4% |
| Taxes, remuneration and social security | 45 | €38,589 | €25,497 | -€13,091 | -33.9% |
| Taxes | 450/3 | €38,589 | €25,497 | -€13,091 | -33.9% |
| Other amounts payable | 47/48 | €8,038 | €7,604 | -€434 | -5.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,388 | €11,023 | +€5,635 | +105% |
| Other operating charges | 640/8 | €440 | €422 | -€19 | -4.3% |
| Gross operating margin | 9900 | €244,943 | €217,920 | -€27,023 | -11.0% |
| Operating profit (loss) | 9901 | €239,115 | €206,475 | -€32,640 | -13.7% |
| Financial income | 75/76B | €0 | €1 | +€1 | |
| Recurring financial income | 75 | €0 | €1 | +€1 | |
| Financial charges | 65/66B | €10,559 | €9,905 | -€654 | -6.2% |
| Recurring financial charges | 65 | €10,559 | €9,905 | -€654 | -6.2% |
| Profit (loss) for the period before taxes | 9903 | €228,556 | €196,571 | -€31,985 | -14.0% |
| Income taxes | 67/77 | €53,570 | €45,987 | -€7,583 | -14.2% |
| Profit (loss) for the period | 9904 | €174,986 | €150,584 | -€24,402 | -13.9% |
| Profit (loss) for the period to be appropriated | 9905 | €174,986 | €150,584 | -€24,402 | -13.9% |
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.