AS MAINTENANCE: 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.
AS MAINTENANCE
Largest movements
- Stocks and contracts +€35,500
new in 2025: €35,500
- Cash -€18,205
down €18,205 (-53.5%), from €34,015 to €15,810
mainly Stocks and contracts (-€35,500) and Investment in fixed assets (net) (-€9,438)
- Receivables within one year -€6,673
down €6,673 (-4.1%), from €164,440 to €157,766
of which Trade receivables: -€18,922
- Deferred charges and accrued income -€3,579
down €3,579 (-36.8%), from €9,736 to €6,158
- Tax, wage and social debts -€7,488
down €7,488 (-15.6%), from €48,047 to €40,559
of which Taxes: -€6,501
- Trade debts +€6,969
up €6,969 (+13.1%), from €53,072 to €60,041
- Profit (loss) carried forward +€6,782
up €6,782 (+4.0%), from €167,555 to €174,337
- Staff costs +€103,355
up €103,355 (+89.0%), from €116,088 to €219,443
- Taxes -€32,470
down €32,470 (-86.4%), from €37,573 to €5,104
- Gross operating margin +€30,287
up €30,287 (+13.5%), from €224,840 to €255,126
- Other operating charges +€8,799
up €8,799 (+183.1%), from €4,806 to €13,605
- Financial charges -€6,603
down €6,603 (-90.0%), from €7,338 to €734
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 | €287,408 | €293,612 | +€6,203 | +2.2% |
| Fixed assets | 21/28 | €79,218 | €78,378 | -€839 | -1.1% |
| Tangible fixed assets | 22/27 | €20,907 | €20,068 | -€839 | -4.0% |
| Plant, machinery and equipment | 23 | €5,078 | €6,433 | +€1,355 | +26.7% |
| Furniture and vehicles | 24 | €15,258 | €13,155 | -€2,103 | -13.8% |
| Other tangible fixed assets | 26 | €571 | €479 | -€92 | -16.1% |
| Financial fixed assets | 28 | €58,310 | €58,310 | = | 0.0% |
| Current assets | 29/58 | €208,191 | €215,234 | +€7,043 | +3.4% |
| Stocks and contracts in progress | 3 | - | €35,500 | +€35,500 | |
| Contracts in progress | 37 | - | €35,500 | +€35,500 | |
| Amounts receivable within one year | 40/41 | €164,440 | €157,766 | -€6,673 | -4.1% |
| Trade receivables | 40 | €139,317 | €120,395 | -€18,922 | -13.6% |
| Other amounts receivable | 41 | €25,122 | €37,371 | +€12,249 | +48.8% |
| Cash at bank and in hand | 54/58 | €34,015 | €15,810 | -€18,205 | -53.5% |
| Deferred charges and accrued income | 490/1 | €9,736 | €6,158 | -€3,579 | -36.8% |
| Total equity and liabilities | 10/49 | €287,408 | €293,612 | +€6,203 | +2.2% |
| Equity | 10/15 | €181,815 | €188,597 | +€6,782 | +3.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €167,555 | €174,337 | +€6,782 | +4.0% |
| Amounts payable | 17/49 | €105,593 | €105,015 | -€579 | -0.5% |
| Amounts payable within one year | 42/48 | €105,593 | €105,015 | -€579 | -0.5% |
| Current portion of amounts payable after more than one year | 42 | €3,995 | €4,415 | +€420 | +10.5% |
| Trade debts | 44 | €53,072 | €60,041 | +€6,969 | +13.1% |
| Suppliers | 440/4 | €53,072 | €60,041 | +€6,969 | +13.1% |
| Advances received on contracts in progress | 46 | €480 | - | -€480 | |
| Taxes, remuneration and social security | 45 | €48,047 | €40,559 | -€7,488 | -15.6% |
| Taxes | 450/3 | €31,462 | €24,961 | -€6,501 | -20.7% |
| Remuneration and social security | 454/9 | €16,584 | €15,597 | -€987 | -6.0% |
| Non-recurring operating income | 76A | €250 | - | -€250 | |
| Remuneration, social security and pensions | 62 | €116,088 | €219,443 | +€103,355 | +89.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,688 | €10,277 | -€3,410 | -24.9% |
| Other operating charges | 640/8 | €4,806 | €13,605 | +€8,799 | +183.1% |
| Gross operating margin | 9900 | €224,840 | €255,126 | +€30,287 | +13.5% |
| Operating profit (loss) | 9901 | €90,258 | €11,801 | -€78,457 | -86.9% |
| Financial income | 75/76B | €1,019 | €820 | -€200 | -19.6% |
| Recurring financial income | 75 | €1,019 | €820 | -€200 | -19.6% |
| Financial charges | 65/66B | €7,338 | €734 | -€6,603 | -90.0% |
| Recurring financial charges | 65 | €7,338 | €734 | -€6,603 | -90.0% |
| Profit (loss) for the period before taxes | 9903 | €83,939 | €11,886 | -€72,053 | -85.8% |
| Income taxes | 67/77 | €37,573 | €5,104 | -€32,470 | -86.4% |
| Profit (loss) for the period | 9904 | €46,366 | €6,782 | -€39,584 | -85.4% |
| Profit (loss) for the period to be appropriated | 9905 | €46,366 | €6,782 | -€39,584 | -85.4% |
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 10 October 2026 via checked.be.