A. MAYNE: 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.
A. MAYNE
Largest movements
- Cash +€45,024
up €45,024 (+11.5%), from €392,635 to €437,660
mainly Net result for the year (+€53,180) and Tax, wage and social debts (+€4,925)
- Reserves +€53,180
up €53,180 (+14.4%), from €370,129 to €423,308
of which Distributable reserves: +€53,180
- Other debts -€13,200
down €13,200 (-45.2%), from €29,172 to €15,972
- Gross operating margin +€12,395
up €12,395 (+18.1%), from €68,459 to €80,854
- Taxes +€3,925
up €3,925 (+18.4%), from €21,338 to €25,262
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 | €465,272 | €510,319 | +€45,047 | +9.7% |
| Fixed assets | 21/28 | €71,737 | €71,737 | = | 0.0% |
| Tangible fixed assets | 22/27 | €71,737 | €71,737 | = | 0.0% |
| Land and buildings | 22 | €71,737 | €71,737 | = | 0.0% |
| Current assets | 29/58 | €393,535 | €438,582 | +€45,047 | +11.4% |
| Cash at bank and in hand | 54/58 | €392,635 | €437,660 | +€45,024 | +11.5% |
| Deferred charges and accrued income | 490/1 | €900 | €922 | +€23 | +2.5% |
| Total equity and liabilities | 10/49 | €465,272 | €510,319 | +€45,047 | +9.7% |
| Equity | 10/15 | €432,129 | €485,308 | +€53,180 | +12.3% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €370,129 | €423,308 | +€53,180 | +14.4% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €363,929 | €417,108 | +€53,180 | +14.6% |
| Amounts payable | 17/49 | €33,143 | €25,010 | -€8,133 | -24.5% |
| Amounts payable within one year | 42/48 | €33,143 | €25,010 | -€8,133 | -24.5% |
| Financial debts | 43 | - | €22 | +€22 | |
| Credit institutions | 430/8 | - | €22 | +€22 | |
| Trade debts | 44 | €1,083 | €1,205 | +€121 | +11.2% |
| Suppliers | 440/4 | €1,083 | €1,205 | +€121 | +11.2% |
| Taxes, remuneration and social security | 45 | €2,888 | €7,812 | +€4,925 | +170.5% |
| Taxes | 450/3 | €2,888 | €7,812 | +€4,925 | +170.5% |
| Other amounts payable | 47/48 | €29,172 | €15,972 | -€13,200 | -45.2% |
| Other operating charges | 640/8 | €1,822 | €1,938 | +€116 | +6.4% |
| Gross operating margin | 9900 | €68,459 | €80,854 | +€12,395 | +18.1% |
| Operating profit (loss) | 9901 | €66,637 | €78,917 | +€12,279 | +18.4% |
| Financial charges | 65/66B | €411 | €475 | +€64 | +15.6% |
| Recurring financial charges | 65 | €411 | €475 | +€64 | +15.6% |
| Profit (loss) for the period before taxes | 9903 | €66,227 | €78,442 | +€12,215 | +18.4% |
| Income taxes | 67/77 | €21,338 | €25,262 | +€3,925 | +18.4% |
| Profit (loss) for the period | 9904 | €44,889 | €53,180 | +€8,290 | +18.5% |
| Profit (loss) for the period to be appropriated | 9905 | €44,889 | €53,180 | +€8,290 | +18.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.