MAVIROBA: 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.
MAVIROBA
Largest movements
- Receivables within one year +€87,866
up €87,866 (+61.9%), from €141,978 to €229,844
of which Trade receivables: +€86,038
- Other debts +€129,530
up €129,530 (+29.5%), from €439,429 to €568,959
- Debts after one year -€48,475
down €48,475 (-27.9%), from €173,843 to €125,368
- Financial charges -€10,837
down €10,837 (-64.7%), from €16,752 to €5,915
- Gross operating margin -€8,067
down €8,067 (-37.7%), from €21,417 to €13,350
- Other operating charges -€2,218
down €2,218 (-83.6%), from €2,654 to €436
- Taxes +€1,673
up €1,673 (+176.3%), from €949 to €2,621
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 | €981,857 | €1,066,647 | +€84,789 | +8.6% |
| Fixed assets | 21/28 | €827,373 | €826,889 | -€484 | -0.1% |
| Tangible fixed assets | 22/27 | €1,679 | €1,195 | -€484 | -28.8% |
| Plant, machinery and equipment | 23 | €1,679 | €1,195 | -€484 | -28.8% |
| Financial fixed assets | 28 | €825,694 | €825,694 | = | 0.0% |
| Current assets | 29/58 | €154,484 | €239,758 | +€85,274 | +55.2% |
| Amounts receivable within one year | 40/41 | €141,978 | €229,844 | +€87,866 | +61.9% |
| Trade receivables | 40 | €137,052 | €223,090 | +€86,038 | +62.8% |
| Other amounts receivable | 41 | €4,927 | €6,754 | +€1,828 | +37.1% |
| Cash at bank and in hand | 54/58 | €12,506 | €9,827 | -€2,679 | -21.4% |
| Deferred charges and accrued income | 490/1 | - | €87 | +€87 | |
| Total equity and liabilities | 10/49 | €981,857 | €1,066,647 | +€84,789 | +8.6% |
| Equity | 10/15 | €230,706 | €234,600 | +€3,894 | +1.7% |
| Contributions | 10/11 | €165,000 | €165,000 | = | 0.0% |
| Reserves | 13 | €16,500 | €16,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €16,500 | €16,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €16,500 | €16,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €49,206 | €53,100 | +€3,894 | +7.9% |
| Amounts payable | 17/49 | €751,152 | €832,047 | +€80,895 | +10.8% |
| Amounts payable after more than one year | 17 | €173,843 | €125,368 | -€48,475 | -27.9% |
| Financial debts | 170/4 | €173,843 | €125,368 | -€48,475 | -27.9% |
| Amounts payable within one year | 42/48 | €577,308 | €706,679 | +€129,370 | +22.4% |
| Current portion of amounts payable after more than one year | 42 | €104,137 | €106,579 | +€2,442 | +2.3% |
| Trade debts | 44 | €32,863 | €28,537 | -€4,326 | -13.2% |
| Suppliers | 440/4 | €32,863 | €28,537 | -€4,326 | -13.2% |
| Taxes, remuneration and social security | 45 | €880 | €2,605 | +€1,725 | +196.0% |
| Taxes | 450/3 | - | €2,605 | +€2,605 | |
| Remuneration and social security | 454/9 | €880 | - | -€880 | |
| Other amounts payable | 47/48 | €439,429 | €568,959 | +€129,530 | +29.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €647 | €484 | -€163 | -25.2% |
| Other operating charges | 640/8 | €2,654 | €436 | -€2,218 | -83.6% |
| Gross operating margin | 9900 | €21,417 | €13,350 | -€8,067 | -37.7% |
| Operating profit (loss) | 9901 | €18,116 | €12,430 | -€5,685 | -31.4% |
| Financial income | 75/76B | €37 | €0 | -€37 | -99.9% |
| Recurring financial income | 75 | €37 | €0 | -€37 | -99.9% |
| Financial charges | 65/66B | €16,752 | €5,915 | -€10,837 | -64.7% |
| Recurring financial charges | 65 | €16,752 | €5,915 | -€10,837 | -64.7% |
| Profit (loss) for the period before taxes | 9903 | €1,401 | €6,515 | +€5,114 | +365.1% |
| Income taxes | 67/77 | €949 | €2,621 | +€1,673 | +176.3% |
| Profit (loss) for the period | 9904 | €452 | €3,894 | +€3,442 | +761.2% |
| Profit (loss) for the period to be appropriated | 9905 | €452 | €3,894 | +€3,442 | +761.2% |
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 5 October 2026 via checked.be.