EF MAASMECHELEN: 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.
EF MAASMECHELEN
Largest movements
- Receivables within one year +€1,824
up €1,824 (+67.9%), from €2,688 to €4,511
of which Other amounts receivable: +€1,387
- Tangible fixed assets -€1,691
down €1,691 (-10.1%), from €16,764 to €15,073
of which Other tangible fixed assets: -€2,469
- Profit (loss) carried forward +€44,626
up €44,626 (+16.7%), from -€266,718 to -€222,092
- Debts after one year -€42,682
down €42,682 (-17.2%), from €248,696 to €206,014
of which Trade debts: -€44,834
- Reserves -€1,860
no longer reported in 2025 (was €1,860)
- Trade debts +€1,859
up €1,859 (+14.1%), from €13,228 to €15,087
- Tax, wage and social debts -€1,822
down €1,822 (-40.7%), from €4,479 to €2,657
of which Remuneration and social security: -€1,614
- Gross operating margin +€36,706
up €36,706 (+205%), from €17,933 to €54,639
- Staff costs -€11,542
down €11,542 (-99.5%), from €11,598 to €55
- Other operating charges -€1,204
down €1,204 (-21.1%), from €5,702 to €4,499
- Depreciation +€1,136
up €1,136 (+51.5%), from €2,206 to €3,341
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 | €20,207 | €20,357 | +€150 | +0.7% |
| Fixed assets | 21/28 | €16,764 | €15,073 | -€1,691 | -10.1% |
| Tangible fixed assets | 22/27 | €16,764 | €15,073 | -€1,691 | -10.1% |
| Plant, machinery and equipment | 23 | €1,154 | €1,932 | +€778 | +67.4% |
| Other tangible fixed assets | 26 | €15,610 | €13,141 | -€2,469 | -15.8% |
| Current assets | 29/58 | €3,442 | €5,284 | +€1,842 | +53.5% |
| Amounts receivable within one year | 40/41 | €2,688 | €4,511 | +€1,824 | +67.9% |
| Trade receivables | 40 | €396 | €832 | +€437 | +110% |
| Other amounts receivable | 41 | €2,292 | €3,679 | +€1,387 | +60.5% |
| Cash at bank and in hand | 54/58 | €89 | €183 | +€94 | +106% |
| Deferred charges and accrued income | 490/1 | €666 | €590 | -€76 | -11.4% |
| Total equity and liabilities | 10/49 | €20,207 | €20,357 | +€150 | +0.7% |
| Equity | 10/15 | -€258,658 | -€215,892 | +€42,766 | +16.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €1,860 | - | -€1,860 | |
| Profit (loss) carried forward | 14 | -€266,718 | -€222,092 | +€44,626 | +16.7% |
| Amounts payable | 17/49 | €278,864 | €236,249 | -€42,615 | -15.3% |
| Amounts payable after more than one year | 17 | €248,696 | €206,014 | -€42,682 | -17.2% |
| Trade debts | 175 | €103,100 | €58,266 | -€44,834 | -43.5% |
| Other amounts payable | 178/9 | €145,596 | €147,748 | +€2,152 | +1.5% |
| Amounts payable within one year | 42/48 | €22,560 | €22,627 | +€67 | +0.3% |
| Trade debts | 44 | €13,228 | €15,087 | +€1,859 | +14.1% |
| Suppliers | 440/4 | €13,228 | €15,087 | +€1,859 | +14.1% |
| Advances received on contracts in progress | 46 | €91 | €882 | +€791 | +869% |
| Taxes, remuneration and social security | 45 | €4,479 | €2,657 | -€1,822 | -40.7% |
| Taxes | 450/3 | €208 | - | -€208 | |
| Remuneration and social security | 454/9 | €4,271 | €2,657 | -€1,614 | -37.8% |
| Other amounts payable | 47/48 | €4,762 | €4,000 | -€762 | -16.0% |
| Accrued charges and deferred income | 492/3 | €7,608 | €7,608 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €11,598 | €55 | -€11,542 | -99.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,206 | €3,341 | +€1,136 | +51.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€486 | - | +€486 | |
| Other operating charges | 640/8 | €5,702 | €4,499 | -€1,204 | -21.1% |
| Gross operating margin | 9900 | €17,933 | €54,639 | +€36,706 | +205% |
| Operating profit (loss) | 9901 | -€1,087 | €46,743 | +€47,830 | |
| Financial income | 75/76B | €3 | €0 | -€3 | -85.7% |
| Recurring financial income | 75 | €3 | €0 | -€3 | -85.7% |
| Financial charges | 65/66B | €3,881 | €3,978 | +€97 | +2.5% |
| Recurring financial charges | 65 | €3,881 | €3,978 | +€97 | +2.5% |
| Profit (loss) for the period before taxes | 9903 | -€4,965 | €42,766 | +€47,730 | |
| Profit (loss) for the period | 9904 | -€4,965 | €42,766 | +€47,730 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,965 | €42,766 | +€47,730 |
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 20 October 2026 via checked.be.