MAVICO: 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.
MAVICO
Largest movements
- Tangible fixed assets -€36,930
down €36,930 (-3.7%), from €989,583 to €952,653
of which Plant, machinery and equipment: -€20,424
- Debts after one year -€51,372
down €51,372 (-5.5%), from €936,466 to €885,094
- Other debts +€15,376
up €15,376 (+95.6%), from €16,078 to €31,454
- Profit (loss) carried forward +€12,210
up €12,210 (+45.1%), from -€27,050 to -€14,839
- Gross operating margin +€27,054
up €27,054 (+56.3%), from €48,052 to €75,106
- Other operating charges -€1,853
down €1,853 (-50.7%), from €3,653 to €1,800
- Depreciation +€1,576
up €1,576 (+4.5%), from €35,354 to €36,930
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 | €996,788 | €957,732 | -€39,056 | -3.9% |
| Fixed assets | 21/28 | €989,583 | €952,653 | -€36,930 | -3.7% |
| Tangible fixed assets | 22/27 | €989,583 | €952,653 | -€36,930 | -3.7% |
| Land and buildings | 22 | €598,236 | €582,385 | -€15,852 | -2.6% |
| Plant, machinery and equipment | 23 | €390,693 | €370,269 | -€20,424 | -5.2% |
| Furniture and vehicles | 24 | €654 | - | -€654 | |
| Current assets | 29/58 | €7,205 | €5,079 | -€2,126 | -29.5% |
| Amounts receivable within one year | 40/41 | €6,618 | €1,210 | -€5,408 | -81.7% |
| Trade receivables | 40 | - | €1,210 | +€1,210 | |
| Other amounts receivable | 41 | €6,618 | - | -€6,618 | |
| Cash at bank and in hand | 54/58 | €587 | €3,869 | +€3,282 | +558.9% |
| Total equity and liabilities | 10/49 | €996,788 | €957,732 | -€39,056 | -3.9% |
| Equity | 10/15 | -€24,050 | -€11,839 | +€12,210 | +50.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€27,050 | -€14,839 | +€12,210 | +45.1% |
| Amounts payable | 17/49 | €1,020,837 | €969,571 | -€51,266 | -5.0% |
| Amounts payable after more than one year | 17 | €936,466 | €885,094 | -€51,372 | -5.5% |
| Financial debts | 170/4 | €936,466 | €885,094 | -€51,372 | -5.5% |
| Amounts payable within one year | 42/48 | €84,371 | €84,477 | +€106 | +0.1% |
| Current portion of amounts payable after more than one year | 42 | €48,333 | €50,985 | +€2,652 | +5.5% |
| Trade debts | 44 | €9,400 | €176 | -€9,224 | -98.1% |
| Suppliers | 440/4 | €9,400 | €176 | -€9,224 | -98.1% |
| Taxes, remuneration and social security | 45 | €10,561 | €1,863 | -€8,698 | -82.4% |
| Taxes | 450/3 | €10,561 | €1,863 | -€8,698 | -82.4% |
| Other amounts payable | 47/48 | €16,078 | €31,454 | +€15,376 | +95.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,354 | €36,930 | +€1,576 | +4.5% |
| Other operating charges | 640/8 | €3,653 | €1,800 | -€1,853 | -50.7% |
| Gross operating margin | 9900 | €48,052 | €75,106 | +€27,054 | +56.3% |
| Operating profit (loss) | 9901 | €9,045 | €36,377 | +€27,331 | +302.2% |
| Financial charges | 65/66B | €24,516 | €24,166 | -€350 | -1.4% |
| Recurring financial charges | 65 | €24,516 | €24,166 | -€350 | -1.4% |
| Profit (loss) for the period before taxes | 9903 | -€15,471 | €12,210 | +€27,681 | |
| Profit (loss) for the period | 9904 | -€15,471 | €12,210 | +€27,681 | |
| Profit (loss) for the period to be appropriated | 9905 | -€15,471 | €12,210 | +€27,681 |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.