MAVKA GROUP: 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.
MAVKA GROUP
Largest movements
- Tangible fixed assets +€565,043
up €565,043 (+106%), from €532,987 to €1.1m
- Receivables within one year +€290,079
up €290,079 (+363%), from €80,005 to €370,084
of which Trade receivables: +€366,997
- Cash -€104,145
down €104,145 (-77.7%), from €134,042 to €29,896
mainly Current portion of long-term debt (-€784,518) and Investment in fixed assets (net) (-€692,813)
- Debts after one year +€1.6m
new in 2025: €1.6m
- Current portion of long-term debt -€784,518
down €784,518 (-93.6%), from €838,294 to €53,776
- Profit (loss) carried forward -€574,494
down €574,494 (-219%), from -€262,347 to -€836,841
- Trade debts +€317,487
up €317,487 (+610%), from €52,087 to €369,574
- Advances received +€228,030
new in 2025: €228,030
- Staff costs +€284,344
new in 2025: €284,344
- Depreciation +€93,220
up €93,220 (+270%), from €34,550 to €127,770
- Gross operating margin +€55,863
up €55,863 (+30.4%), from -€183,888 to -€128,024
- Financial charges +€34,654
up €34,654 (+15,766%), from €220 to €34,874
- Financial income -€19,356
down €19,356 (-95.5%), from €20,273 to €917
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 | €747,034 | €1,498,011 | +€750,977 | +101% |
| Fixed assets | 21/28 | €532,987 | €1,098,031 | +€565,043 | +106% |
| Tangible fixed assets | 22/27 | €532,987 | €1,098,031 | +€565,043 | +106% |
| Land and buildings | 22 | €84,404 | €355,669 | +€271,264 | +321% |
| Plant, machinery and equipment | 23 | €430,307 | €578,497 | +€148,190 | +34.4% |
| Furniture and vehicles | 24 | €18,276 | €143,949 | +€125,673 | +688% |
| Other tangible fixed assets | 26 | - | €19,916 | +€19,916 | |
| Current assets | 29/58 | €214,047 | €399,980 | +€185,933 | +86.9% |
| Amounts receivable within one year | 40/41 | €80,005 | €370,084 | +€290,079 | +363% |
| Trade receivables | 40 | - | €366,997 | +€366,997 | |
| Other amounts receivable | 41 | €80,005 | €3,087 | -€76,919 | -96.1% |
| Cash at bank and in hand | 54/58 | €134,042 | €29,896 | -€104,145 | -77.7% |
| Total equity and liabilities | 10/49 | €747,034 | €1,498,011 | +€750,977 | +101% |
| Equity | 10/15 | -€258,347 | -€832,841 | -€574,494 | -222% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€262,347 | -€836,841 | -€574,494 | -219% |
| Amounts payable | 17/49 | €1,005,381 | €2,330,852 | +€1.3m | +132% |
| Amounts payable after more than one year | 17 | - | €1,572,930 | +€1.6m | |
| Financial debts | 170/4 | - | €1,572,930 | +€1.6m | |
| Amounts payable within one year | 42/48 | €1,005,381 | €727,868 | -€277,513 | -27.6% |
| Current portion of amounts payable after more than one year | 42 | €838,294 | €53,776 | -€784,518 | -93.6% |
| Trade debts | 44 | €52,087 | €369,574 | +€317,487 | +610% |
| Suppliers | 440/4 | €52,087 | €369,574 | +€317,487 | +610% |
| Advances received on contracts in progress | 46 | - | €228,030 | +€228,030 | |
| Taxes, remuneration and social security | 45 | - | €49,403 | +€49,403 | |
| Taxes | 450/3 | - | €2,546 | +€2,546 | |
| Remuneration and social security | 454/9 | - | €46,857 | +€46,857 | |
| Other amounts payable | 47/48 | €115,000 | €27,084 | -€87,916 | -76.4% |
| Accrued charges and deferred income | 492/3 | - | €30,054 | +€30,054 | |
| Remuneration, social security and pensions | 62 | - | €284,344 | +€284,344 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,550 | €127,770 | +€93,220 | +270% |
| Other operating charges | 640/8 | €2,014 | €197 | -€1,817 | -90.2% |
| Gross operating margin | 9900 | -€183,888 | -€128,024 | +€55,863 | +30.4% |
| Operating profit (loss) | 9901 | -€220,452 | -€540,335 | -€319,884 | -145% |
| Financial income | 75/76B | €20,273 | €917 | -€19,356 | -95.5% |
| Recurring financial income | 75 | €20,273 | €917 | -€19,356 | -95.5% |
| Financial charges | 65/66B | €220 | €34,874 | +€34,654 | +15,766% |
| Recurring financial charges | 65 | €220 | €34,874 | +€34,654 | +15,766% |
| Profit (loss) for the period before taxes | 9903 | -€200,399 | -€574,292 | -€373,894 | -187% |
| Income taxes | 67/77 | -€87 | €202 | +€289 | |
| Profit (loss) for the period | 9904 | -€200,312 | -€574,494 | -€374,182 | -187% |
| Profit (loss) for the period to be appropriated | 9905 | -€200,312 | -€574,494 | -€374,182 | -187% |
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 19 October 2026 via checked.be.