mavi tech: 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.
mavi tech
Largest movements
- Receivables within one year +€124,607
up €124,607 (+57.4%), from €217,066 to €341,673
of which Other amounts receivable: +€103,351
- Tangible fixed assets +€39,106
up €39,106 (+14.8%), from €264,397 to €303,503
of which Plant, machinery and equipment: +€31,964
- Cash -€8,253
down €8,253 (-14.7%), from €56,312 to €48,059
mainly Other debts (-€163,917) and Receivables within one year (-€124,607)
- Trade debts +€251,290
up €251,290 (+225.4%), from €111,462 to €362,752
- Other debts -€163,917
down €163,917 (-94.8%), from €172,953 to €9,036
- Profit (loss) carried forward +€43,134
up €43,134 (+22.1%), from €194,938 to €238,072
- Tax, wage and social debts +€22,063
up €22,063 (+37.8%), from €58,312 to €80,375
of which Remuneration and social security: +€29,700
- Gross operating margin -€146,911
down €146,911 (-18.6%), from €790,846 to €643,935
- Financial charges +€55,293
up €55,293 (+207.0%), from €26,711 to €82,004
- Taxes -€33,276
down €33,276 (-57.1%), from €58,313 to €25,037
- Other operating charges -€25,651
down €25,651 (-30.2%), from €84,915 to €59,264
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €540,775 | €693,235 | +€152,460 | +28.2% |
| Fixed assets | 21/28 | €267,397 | €303,503 | +€36,106 | +13.5% |
| Tangible fixed assets | 22/27 | €264,397 | €303,503 | +€39,106 | +14.8% |
| Plant, machinery and equipment | 23 | €151,575 | €183,539 | +€31,964 | +21.1% |
| Furniture and vehicles | 24 | €112,822 | €119,964 | +€7,142 | +6.3% |
| Financial fixed assets | 28 | €3,000 | - | -€3,000 | |
| Current assets | 29/58 | €273,378 | €389,732 | +€116,354 | +42.6% |
| Amounts receivable within one year | 40/41 | €217,066 | €341,673 | +€124,607 | +57.4% |
| Trade receivables | 40 | €146,414 | €167,670 | +€21,256 | +14.5% |
| Other amounts receivable | 41 | €70,652 | €174,003 | +€103,351 | +146.3% |
| Cash at bank and in hand | 54/58 | €56,312 | €48,059 | -€8,253 | -14.7% |
| Total equity and liabilities | 10/49 | €540,775 | €693,235 | +€152,460 | +28.2% |
| Equity | 10/15 | €197,938 | €241,072 | +€43,134 | +21.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €194,938 | €238,072 | +€43,134 | +22.1% |
| Amounts payable | 17/49 | €342,837 | €452,163 | +€109,326 | +31.9% |
| Amounts payable within one year | 42/48 | €342,727 | €452,163 | +€109,436 | +31.9% |
| Trade debts | 44 | €111,462 | €362,752 | +€251,290 | +225.4% |
| Suppliers | 440/4 | €111,462 | €362,752 | +€251,290 | +225.4% |
| Taxes, remuneration and social security | 45 | €58,312 | €80,375 | +€22,063 | +37.8% |
| Taxes | 450/3 | €58,312 | €50,675 | -€7,637 | -13.1% |
| Remuneration and social security | 454/9 | - | €29,700 | +€29,700 | |
| Other amounts payable | 47/48 | €172,953 | €9,036 | -€163,917 | -94.8% |
| Accrued charges and deferred income | 492/3 | €110 | - | -€110 | |
| Remuneration, social security and pensions | 62 | €376,092 | €382,307 | +€6,215 | +1.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,877 | €52,189 | +€2,312 | +4.6% |
| Other operating charges | 640/8 | €84,915 | €59,264 | -€25,651 | -30.2% |
| Gross operating margin | 9900 | €790,846 | €643,935 | -€146,911 | -18.6% |
| Operating profit (loss) | 9901 | €279,962 | €150,175 | -€129,787 | -46.4% |
| Financial charges | 65/66B | €26,711 | €82,004 | +€55,293 | +207.0% |
| Recurring financial charges | 65 | €26,711 | €82,004 | +€55,293 | +207.0% |
| Profit (loss) for the period before taxes | 9903 | €253,251 | €68,171 | -€185,080 | -73.1% |
| Income taxes | 67/77 | €58,313 | €25,037 | -€33,276 | -57.1% |
| Profit (loss) for the period | 9904 | €194,938 | €43,134 | -€151,804 | -77.9% |
| Profit (loss) for the period to be appropriated | 9905 | €194,938 | €43,134 | -€151,804 | -77.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.