Mavilo: 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.
Mavilo
Largest movements
- Tangible fixed assets -€147,983
down €147,983 (-20.7%), from €716,196 to €568,214
of which Plant, machinery and equipment: -€83,885
- Cash +€118,101
up €118,101 (+89.9%), from €131,316 to €249,417
mainly Depreciation (+€145,255) and Stocks and contracts (+€66,698)
- Stocks and contracts -€66,698
down €66,698 (-12.7%), from €525,381 to €458,683
- Debts after one year -€123,161
down €123,161 (-29.7%), from €414,109 to €290,949
- Profit (loss) carried forward +€53,196
up €53,196 (+83.2%), from -€63,912 to -€10,716
- Other debts -€49,118
down €49,118 (-23.4%), from €209,893 to €160,775
- Gross operating margin +€35,159
up €35,159 (+5.2%), from €670,845 to €706,004
- Staff costs -€20,375
down €20,375 (-4.1%), from €493,733 to €473,358
- Other operating charges -€13,536
down €13,536 (-86.3%), from €15,691 to €2,154
- Depreciation -€7,873
down €7,873 (-5.1%), from €153,128 to €145,255
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 | €1,491,476 | €1,380,545 | -€110,931 | -7.4% |
| Fixed assets | 21/28 | €716,196 | €568,214 | -€147,983 | -20.7% |
| Tangible fixed assets | 22/27 | €716,196 | €568,214 | -€147,983 | -20.7% |
| Plant, machinery and equipment | 23 | €397,400 | €313,515 | -€83,885 | -21.1% |
| Furniture and vehicles | 24 | €37,024 | €20,250 | -€16,774 | -45.3% |
| Other tangible fixed assets | 26 | €281,772 | €234,449 | -€47,323 | -16.8% |
| Current assets | 29/58 | €775,280 | €812,331 | +€37,052 | +4.8% |
| Stocks and contracts in progress | 3 | €525,381 | €458,683 | -€66,698 | -12.7% |
| Stocks | 30/36 | €525,381 | €458,683 | -€66,698 | -12.7% |
| Amounts receivable within one year | 40/41 | €102,128 | €88,259 | -€13,870 | -13.6% |
| Trade receivables | 40 | €16,932 | €10,049 | -€6,883 | -40.7% |
| Other amounts receivable | 41 | €85,197 | €78,210 | -€6,987 | -8.2% |
| Cash at bank and in hand | 54/58 | €131,316 | €249,417 | +€118,101 | +89.9% |
| Deferred charges and accrued income | 490/1 | €16,454 | €15,972 | -€482 | -2.9% |
| Total equity and liabilities | 10/49 | €1,491,476 | €1,380,545 | -€110,931 | -7.4% |
| Equity | 10/15 | -€53,912 | -€716 | +€53,196 | +98.7% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€63,912 | -€10,716 | +€53,196 | +83.2% |
| Amounts payable | 17/49 | €1,545,388 | €1,381,261 | -€164,127 | -10.6% |
| Amounts payable after more than one year | 17 | €414,109 | €290,949 | -€123,161 | -29.7% |
| Financial debts | 170/4 | €414,109 | €290,949 | -€123,161 | -29.7% |
| Amounts payable within one year | 42/48 | €1,131,279 | €1,090,312 | -€40,967 | -3.6% |
| Current portion of amounts payable after more than one year | 42 | €121,100 | €123,161 | +€2,061 | +1.7% |
| Financial debts | 43 | €304,422 | €303,684 | -€738 | -0.2% |
| Credit institutions | 430/8 | €304,422 | €303,684 | -€738 | -0.2% |
| Trade debts | 44 | €419,045 | €418,691 | -€353 | -0.1% |
| Suppliers | 440/4 | €419,045 | €418,691 | -€353 | -0.1% |
| Advances received on contracts in progress | 46 | €2,923 | €120 | -€2,803 | -95.9% |
| Taxes, remuneration and social security | 45 | €73,896 | €83,882 | +€9,986 | +13.5% |
| Taxes | 450/3 | €9,476 | €20,095 | +€10,619 | +112.1% |
| Remuneration and social security | 454/9 | €64,421 | €63,787 | -€634 | -1.0% |
| Other amounts payable | 47/48 | €209,893 | €160,775 | -€49,118 | -23.4% |
| Non-recurring operating income | 76A | €0 | €165 | +€165 | |
| Remuneration, social security and pensions | 62 | €493,733 | €473,358 | -€20,375 | -4.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €153,128 | €145,255 | -€7,873 | -5.1% |
| Other operating charges | 640/8 | €15,691 | €2,154 | -€13,536 | -86.3% |
| Gross operating margin | 9900 | €670,845 | €706,004 | +€35,159 | +5.2% |
| Operating profit (loss) | 9901 | €8,294 | €85,237 | +€76,943 | +927.7% |
| Financial income | 75/76B | €302 | €189 | -€114 | -37.6% |
| Recurring financial income | 75 | €302 | €189 | -€114 | -37.6% |
| Financial charges | 65/66B | €37,086 | €31,821 | -€5,265 | -14.2% |
| Recurring financial charges | 65 | €37,086 | €31,821 | -€5,265 | -14.2% |
| Profit (loss) for the period before taxes | 9903 | -€28,490 | €53,604 | +€82,094 | |
| Income taxes | 67/77 | €304 | €408 | +€104 | +34.1% |
| Profit (loss) for the period | 9904 | -€28,794 | €53,196 | +€81,991 | |
| Profit (loss) for the period to be appropriated | 9905 | -€28,794 | €53,196 | +€81,991 |
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 11 October 2026 via checked.be.