MAVRIL: 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.
MAVRIL
Largest movements
- Tangible fixed assets +€259,948
new in 2025: €259,948
- Receivables within one year +€59,253
up €59,253 (+6387.0%), from €928 to €60,180
of which Trade receivables: +€51,533
- Cash +€33,468
up €33,468 (+277.8%), from €12,048 to €45,516
mainly Debts after one year (+€278,073) and Trade debts (+€76,460)
- Stocks and contracts +€19,758
new in 2025: €19,758
- Debts after one year +€278,073
new in 2025: €278,073
- Trade debts +€76,460
new in 2025: €76,460
- Current portion of long-term debt +€9,681
new in 2025: €9,681
- Reserves +€4,219
up €4,219 (+241.9%), from €1,744 to €5,964
- Gross operating margin +€47,014
up €47,014 (+582.4%), from €8,073 to €55,087
- Other operating charges +€31,914
up €31,914 (+8239.4%), from €387 to €32,302
- Financial charges +€9,433
up €9,433 (+11535.6%), from €82 to €9,514
- Depreciation +€5,902
new in 2025: €5,902
- Taxes +€1,470
up €1,470 (+87.5%), from €1,680 to €3,150
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 | €12,976 | €385,402 | +€372,426 | +2870.1% |
| Fixed assets | 21/28 | - | €259,948 | +€259,948 | |
| Tangible fixed assets | 22/27 | - | €259,948 | +€259,948 | |
| Land and buildings | 22 | - | €259,948 | +€259,948 | |
| Current assets | 29/58 | €12,976 | €125,454 | +€112,478 | +866.8% |
| Stocks and contracts in progress | 3 | - | €19,758 | +€19,758 | |
| Contracts in progress | 37 | - | €19,758 | +€19,758 | |
| Amounts receivable within one year | 40/41 | €928 | €60,180 | +€59,253 | +6387.0% |
| Trade receivables | 40 | €928 | €52,461 | +€51,533 | +5555.0% |
| Other amounts receivable | 41 | - | €7,719 | +€7,719 | |
| Cash at bank and in hand | 54/58 | €12,048 | €45,516 | +€33,468 | +277.8% |
| Total equity and liabilities | 10/49 | €12,976 | €385,402 | +€372,426 | +2870.1% |
| Equity | 10/15 | €3,244 | €7,464 | +€4,219 | +130.0% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €1,744 | €5,964 | +€4,219 | +241.9% |
| Distributable reserves | 133 | €1,744 | €5,964 | +€4,219 | +241.9% |
| Amounts payable | 17/49 | €9,732 | €377,938 | +€368,207 | +3783.6% |
| Amounts payable after more than one year | 17 | - | €278,073 | +€278,073 | |
| Financial debts | 170/4 | - | €278,073 | +€278,073 | |
| Amounts payable within one year | 42/48 | €9,732 | €99,865 | +€90,134 | +926.2% |
| Current portion of amounts payable after more than one year | 42 | - | €9,681 | +€9,681 | |
| Trade debts | 44 | - | €76,460 | +€76,460 | |
| Suppliers | 440/4 | - | €76,460 | +€76,460 | |
| Taxes, remuneration and social security | 45 | €4,419 | €5,111 | +€692 | +15.7% |
| Taxes | 450/3 | €4,419 | €5,111 | +€692 | +15.7% |
| Other amounts payable | 47/48 | €5,312 | €8,613 | +€3,300 | +62.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €5,902 | +€5,902 | |
| Other operating charges | 640/8 | €387 | €32,302 | +€31,914 | +8239.4% |
| Gross operating margin | 9900 | €8,073 | €55,087 | +€47,014 | +582.4% |
| Operating profit (loss) | 9901 | €7,686 | €16,884 | +€9,198 | +119.7% |
| Financial income | 75/76B | €42 | €0 | -€42 | -99.9% |
| Recurring financial income | 75 | €42 | €0 | -€42 | -99.9% |
| Financial charges | 65/66B | €82 | €9,514 | +€9,433 | +11535.6% |
| Recurring financial charges | 65 | €82 | €9,514 | +€9,433 | +11535.6% |
| Profit (loss) for the period before taxes | 9903 | €7,646 | €7,369 | -€277 | -3.6% |
| Income taxes | 67/77 | €1,680 | €3,150 | +€1,470 | +87.5% |
| Profit (loss) for the period | 9904 | €5,966 | €4,219 | -€1,747 | -29.3% |
| Profit (loss) for the period to be appropriated | 9905 | €5,966 | €4,219 | -€1,747 | -29.3% |
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 8 October 2026 via checked.be.