Bureau Maes: 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.
Bureau Maes
Largest movements
- Cash +€367,098
up €367,098 (+2,431%), from €15,102 to €382,200
mainly Net result for the year (+€278,065) and Investment in fixed assets (net) (+€260,621)
- Tangible fixed assets -€261,950
down €261,950 (-97.6%), from €268,419 to €6,469
of which Land and buildings: -€261,733
- Other debts -€263,041
no longer reported in 2025 (was €263,041)
- Reserves +€150,164
up €150,164 (+196%), from €76,518 to €226,682
of which Distributable reserves: +€217,500
- Profit (loss) carried forward +€127,902
up €127,902 (+98.9%), from -€129,375 to -€1,473
- Tax, wage and social debts +€117,597
new in 2025: €117,597
- Provisions -€32,191
no longer reported in 2025 (was €32,191)
- Gross operating margin +€359,473
up €359,473 (+3,086%), from €11,648 to €371,121
- Taxes +€117,597
new in 2025: €117,597
- Depreciation -€16,335
down €16,335 (-92.5%), from €17,664 to €1,329
- Purchases and services -€10,452
no longer reported in 2025 (was €10,452)
- Turnover -€5,791
no longer reported in 2025 (was €5,791)
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 | €293,758 | €392,805 | +€99,047 | +33.7% |
| Fixed assets | 21/28 | €268,419 | €6,469 | -€261,950 | -97.6% |
| Tangible fixed assets | 22/27 | €268,419 | €6,469 | -€261,950 | -97.6% |
| Land and buildings | 22 | €261,733 | - | -€261,733 | |
| Plant, machinery and equipment | 23 | €5,472 | €5,810 | +€338 | +6.2% |
| Furniture and vehicles | 24 | €1,214 | €659 | -€555 | -45.8% |
| Current assets | 29/58 | €25,339 | €386,336 | +€360,997 | +1,425% |
| Stocks and contracts in progress | 3 | €3,794 | - | -€3,794 | |
| Stocks | 30/36 | €3,794 | - | -€3,794 | |
| Amounts receivable within one year | 40/41 | €6,443 | €3,602 | -€2,841 | -44.1% |
| Trade receivables | 40 | €1,803 | - | -€1,803 | |
| Other amounts receivable | 41 | €4,640 | €3,602 | -€1,038 | -22.4% |
| Cash at bank and in hand | 54/58 | €15,102 | €382,200 | +€367,098 | +2,431% |
| Deferred charges and accrued income | 490/1 | - | €534 | +€534 | |
| Total equity and liabilities | 10/49 | €293,758 | €392,805 | +€99,047 | +33.7% |
| Equity | 10/15 | -€2,857 | €275,208 | +€278,065 | |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €76,518 | €226,682 | +€150,164 | +196% |
| Non-distributable reserves | 130/1 | €5,000 | - | -€5,000 | |
| Reserves not available under the articles | 1311 | €5,000 | - | -€5,000 | |
| Tax-exempt reserves | 132 | €62,336 | - | -€62,336 | |
| Distributable reserves | 133 | €9,182 | €226,682 | +€217,500 | +2,369% |
| Profit (loss) carried forward | 14 | -€129,375 | -€1,473 | +€127,902 | +98.9% |
| Provisions and deferred taxes | 16 | €32,191 | - | -€32,191 | |
| Deferred taxes | 168 | €32,191 | - | -€32,191 | |
| Amounts payable | 17/49 | €264,424 | €117,597 | -€146,827 | -55.5% |
| Amounts payable within one year | 42/48 | €264,424 | €117,597 | -€146,827 | -55.5% |
| Trade debts | 44 | €1,383 | - | -€1,383 | |
| Suppliers | 440/4 | €1,383 | - | -€1,383 | |
| Taxes, remuneration and social security | 45 | - | €117,597 | +€117,597 | |
| Taxes | 450/3 | - | €117,597 | +€117,597 | |
| Other amounts payable | 47/48 | €263,041 | - | -€263,041 | |
| Turnover | 70 | €5,791 | - | -€5,791 | |
| Non-recurring operating income | 76A | €16,309 | €370,632 | +€354,323 | +2,173% |
| Goods, raw materials, services and sundry goods | 60/61 | €10,452 | - | -€10,452 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,664 | €1,329 | -€16,335 | -92.5% |
| Other operating charges | 640/8 | €2,757 | €6,290 | +€3,533 | +128% |
| Non-recurring operating charges | 66A | €185 | - | -€185 | |
| Gross operating margin | 9900 | €11,648 | €371,121 | +€359,473 | +3,086% |
| Operating profit (loss) | 9901 | -€8,958 | €363,502 | +€372,460 | |
| Financial income | 75/76B | - | €46 | +€46 | |
| Recurring financial income | 75 | - | €46 | +€46 | |
| Financial charges | 65/66B | €90 | €77 | -€13 | -14.9% |
| Recurring financial charges | 65 | €90 | €77 | -€13 | -14.9% |
| Profit (loss) for the period before taxes | 9903 | -€9,048 | €363,471 | +€372,519 | |
| Transfer from deferred taxes | 780 | €3,437 | €32,191 | +€28,754 | +837% |
| Income taxes | 67/77 | - | €117,597 | +€117,597 | |
| Profit (loss) for the period | 9904 | -€5,611 | €278,065 | +€283,676 | |
| Transfer from tax-exempt reserves | 789 | €6,686 | €62,336 | +€55,650 | +832% |
| Profit (loss) for the period to be appropriated | 9905 | €1,075 | €340,401 | +€339,326 | +31,565% |
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 16 October 2026 via checked.be.