MAVOM: 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.
What changed
MAVOM
NACE 46.851, Wholesale of industrial chemicals
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€318,848
2024 · €234,277+€84,571
Equity
€551,455
2024 · €632,607-€81,152
Cash
€127,477
2024 · €120,356+€7,121
Balance sheet total
€1.3m
2024 · €1.2m+€80,225
Largest movements
Assets
- Receivables within one year +€75,236
up €75,236 (+7.0%), from €1.1m to €1.1m
of which Other amounts receivable: +€87,436
Equity and liabilities
- Other debts +€150,000
up €150,000 (+60.0%), from €250,000 to €400,000
- Profit (loss) carried forward -€81,152
down €81,152 (-42.1%), from €192,607 to €111,455
Income statement
- Gross operating margin +€128,151
up €128,151 (+7.3%), from €1.8m to €1.9m
- Write-downs +€24,217
up €24,217, from -€377 to €23,840
- Staff costs +€22,591
up €22,591 (+1.6%), from €1.4m to €1.4m
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.
Result 2024
€234,277
Gross operating margin
+€128,151
Staff costs
-€22,591
Depreciation
-€843
Write-downs
-€24,217
Other operating charges
-€2
Financial charges
+€3,706
Taxes
+€366
Result 2025
€318,848
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.
From operations
+€412,509
Investment
-€5,388
Financing
-€400,000
Cash 2024
€120,356
From operations (derived)
+€412,509
Net result for the year
+€318,848
Depreciation
+€5,239
Stocks and contracts
+€727
Receivables within one year
-€75,236
Deferred charges and accrued income
+€1,554
Trade debts
+€5,610
Tax, wage and social debts
+€5,767
Other debts
+€150,000
Investment (derived)
-€5,388
Investment in fixed assets (net)
-€5,388
Financing
-€400,000
Contributions, distributions and other
-€400,000
Cash 2025
€127,477
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,238,344 | €1,318,569 | +€80,225 | +6.5% |
| Fixed assets | 21/28 | €31,552 | €31,701 | +€149 | +0.5% |
| Tangible fixed assets | 22/27 | €11,792 | €11,771 | -€21 | -0.2% |
| Furniture and vehicles | 24 | €11,792 | €11,771 | -€21 | -0.2% |
| Financial fixed assets | 28 | €19,760 | €19,930 | +€170 | +0.9% |
| Current assets | 29/58 | €1,206,793 | €1,286,868 | +€80,075 | +6.6% |
| Stocks and contracts in progress | 3 | €727 | - | -€727 | |
| Stocks | 30/36 | €727 | - | -€727 | |
| Amounts receivable within one year | 40/41 | €1,072,295 | €1,147,531 | +€75,236 | +7.0% |
| Trade receivables | 40 | €877,188 | €864,988 | -€12,200 | -1.4% |
| Other amounts receivable | 41 | €195,107 | €282,543 | +€87,436 | +44.8% |
| Cash at bank and in hand | 54/58 | €120,356 | €127,477 | +€7,121 | +5.9% |
| Deferred charges and accrued income | 490/1 | €13,414 | €11,860 | -€1,554 | -11.6% |
| Total equity and liabilities | 10/49 | €1,238,344 | €1,318,569 | +€80,225 | +6.5% |
| Equity | 10/15 | €632,607 | €551,455 | -€81,152 | -12.8% |
| Contributions | 10/11 | €400,000 | €400,000 | = | 0.0% |
| Capital | 10 | €400,000 | €400,000 | = | 0.0% |
| Issued capital | 100 | €400,000 | €400,000 | = | 0.0% |
| Reserves | 13 | €40,000 | €40,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €40,000 | €40,000 | = | 0.0% |
| Legal reserve | 130 | €40,000 | €40,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €192,607 | €111,455 | -€81,152 | -42.1% |
| Amounts payable | 17/49 | €605,737 | €767,114 | +€161,377 | +26.6% |
| Amounts payable within one year | 42/48 | €605,737 | €767,114 | +€161,377 | +26.6% |
| Trade debts | 44 | €76,678 | €82,288 | +€5,610 | +7.3% |
| Suppliers | 440/4 | €76,678 | €82,288 | +€5,610 | +7.3% |
| Taxes, remuneration and social security | 45 | €279,059 | €284,826 | +€5,767 | +2.1% |
| Taxes | 450/3 | €93,581 | €104,093 | +€10,512 | +11.2% |
| Remuneration and social security | 454/9 | €185,478 | €180,733 | -€4,745 | -2.6% |
| Other amounts payable | 47/48 | €250,000 | €400,000 | +€150,000 | +60.0% |
| Remuneration, social security and pensions | 62 | €1,387,877 | €1,410,468 | +€22,591 | +1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,396 | €5,239 | +€843 | +19.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€377 | €23,840 | +€24,217 | |
| Other operating charges | 640/8 | €214 | €216 | +€2 | +0.7% |
| Gross operating margin | 9900 | €1,760,419 | €1,888,570 | +€128,151 | +7.3% |
| Operating profit (loss) | 9901 | €368,309 | €448,807 | +€80,498 | +21.9% |
| Financial charges | 65/66B | €37,429 | €33,723 | -€3,706 | -9.9% |
| Recurring financial charges | 65 | €37,429 | €33,723 | -€3,706 | -9.9% |
| Profit (loss) for the period before taxes | 9903 | €330,880 | €415,084 | +€84,204 | +25.4% |
| Income taxes | 67/77 | €96,602 | €96,236 | -€366 | -0.4% |
| Profit (loss) for the period | 9904 | €234,277 | €318,848 | +€84,571 | +36.1% |
| Profit (loss) for the period to be appropriated | 9905 | €234,277 | €318,848 | +€84,571 | +36.1% |
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 30 September 2026 via checked.be.