DE MAAI: 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.
DE MAAI
Largest movements
- Cash +€266,284
up €266,284 (+368%), from €72,290 to €338,574
mainly Net result for the year (+€356,594) and Receivables within one year (+€179,661)
- Receivables within one year -€179,661
down €179,661 (-49.3%), from €364,573 to €184,912
of which Trade receivables: -€238,126
- Tangible fixed assets -€141,048
down €141,048 (-13.1%), from €1.1m to €935,812
of which Land and buildings: -€127,711
- Reserves +€306,594
up €306,594 (+58.0%), from €528,743 to €835,337
of which Distributable reserves: +€306,594
- Trade debts -€247,054
down €247,054 (-85.2%), from €289,805 to €42,751
- Debts after one year -€83,456
down €83,456 (-11.8%), from €707,540 to €624,083
- Other debts -€72,781
no longer reported in 2023 (was €72,781)
- Tax, wage and social debts +€40,772
up €40,772 (+311%), from €13,107 to €53,880
of which Taxes: +€40,772
- Gross operating margin +€484,942
up €484,942 (+563%), from €86,168 to €571,111
- Taxes +€50,780
new in 2023: €50,780
- Depreciation +€33,849
up €33,849 (+30.2%), from €111,911 to €145,759
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,739,981 | €1,685,556 | -€54,425 | -3.1% |
| Fixed assets | 21/28 | €1,095,586 | €954,537 | -€141,048 | -12.9% |
| Intangible fixed assets | 21 | €11,000 | €11,000 | = | 0.0% |
| Tangible fixed assets | 22/27 | €1,076,861 | €935,812 | -€141,048 | -13.1% |
| Land and buildings | 22 | €1,053,756 | €926,045 | -€127,711 | -12.1% |
| Plant, machinery and equipment | 23 | €7,200 | €4,161 | -€3,039 | -42.2% |
| Furniture and vehicles | 24 | €15,905 | €5,606 | -€10,299 | -64.8% |
| Financial fixed assets | 28 | €7,725 | €7,725 | = | 0.0% |
| Current assets | 29/58 | €644,395 | €731,019 | +€86,624 | +13.4% |
| Stocks and contracts in progress | 3 | €207,532 | €207,532 | = | 0.0% |
| Stocks | 30/36 | €207,532 | €207,532 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €364,573 | €184,912 | -€179,661 | -49.3% |
| Trade receivables | 40 | €316,342 | €78,216 | -€238,126 | -75.3% |
| Other amounts receivable | 41 | €48,231 | €106,696 | +€58,465 | +121% |
| Cash at bank and in hand | 54/58 | €72,290 | €338,574 | +€266,284 | +368% |
| Total equity and liabilities | 10/49 | €1,739,981 | €1,685,556 | -€54,425 | -3.1% |
| Equity | 10/15 | €547,335 | €853,929 | +€306,594 | +56.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €528,743 | €835,337 | +€306,594 | +58.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €30,460 | €30,460 | = | 0.0% |
| Distributable reserves | 133 | €496,423 | €803,016 | +€306,594 | +61.8% |
| Amounts payable | 17/49 | €1,192,646 | €831,627 | -€361,018 | -30.3% |
| Amounts payable after more than one year | 17 | €707,540 | €624,083 | -€83,456 | -11.8% |
| Financial debts | 170/4 | €707,540 | €624,083 | -€83,456 | -11.8% |
| Amounts payable within one year | 42/48 | €459,150 | €181,588 | -€277,562 | -60.5% |
| Current portion of amounts payable after more than one year | 42 | €83,456 | €84,957 | +€1,501 | +1.8% |
| Trade debts | 44 | €289,805 | €42,751 | -€247,054 | -85.2% |
| Suppliers | 440/4 | €289,805 | €42,751 | -€247,054 | -85.2% |
| Taxes, remuneration and social security | 45 | €13,107 | €53,880 | +€40,772 | +311% |
| Taxes | 450/3 | €13,086 | €53,858 | +€40,772 | +312% |
| Remuneration and social security | 454/9 | €22 | €22 | = | 0.0% |
| Other amounts payable | 47/48 | €72,781 | - | -€72,781 | |
| Accrued charges and deferred income | 492/3 | €25,956 | €25,956 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €111,911 | €145,759 | +€33,849 | +30.2% |
| Other operating charges | 640/8 | €10,991 | €8,607 | -€2,384 | -21.7% |
| Gross operating margin | 9900 | €86,168 | €571,111 | +€484,942 | +563% |
| Operating profit (loss) | 9901 | -€36,734 | €416,744 | +€453,477 | |
| Financial income | 75/76B | €808 | €937 | +€129 | +16.0% |
| Recurring financial income | 75 | €808 | €937 | +€129 | +16.0% |
| Financial charges | 65/66B | €10,313 | €10,307 | -€6 | -0.1% |
| Recurring financial charges | 65 | €10,313 | €10,307 | -€6 | -0.1% |
| Profit (loss) for the period before taxes | 9903 | -€46,239 | €407,373 | +€453,612 | |
| Income taxes | 67/77 | - | €50,780 | +€50,780 | |
| Profit (loss) for the period | 9904 | -€46,239 | €356,594 | +€402,832 | |
| Profit (loss) for the period to be appropriated | 9905 | -€46,239 | €356,594 | +€402,832 |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.