EL MAOUADA: 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.
EL MAOUADA
Largest movements
- Cash -€1,214
down €1,214 (-59.9%), from €2,027 to €813
mainly Net result for the year (-€7,335) and Stocks and contracts (-€1,177)
- Stocks and contracts +€1,177
up €1,177 (+71.7%), from €1,642 to €2,819
- Receivables within one year -€922
down €922 (-18.5%), from €4,973 to €4,051
of which Trade receivables: -€847
- Profit (loss) carried forward -€7,335
down €7,335 (-27.5%), from -€26,634 to -€33,969
- Other debts +€6,800
up €6,800 (+42.3%), from €16,076 to €22,876
- Trade debts -€424
down €424 (-70.7%), from €600 to €176
- Gross operating margin -€5,063
down €5,063 (-343%), from -€1,477 to -€6,540
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,642 | €7,683 | -€959 | -11.1% |
| Current assets | 29/58 | €8,642 | €7,683 | -€959 | -11.1% |
| Stocks and contracts in progress | 3 | €1,642 | €2,819 | +€1,177 | +71.7% |
| Stocks | 30/36 | €1,642 | €2,819 | +€1,177 | +71.7% |
| Amounts receivable within one year | 40/41 | €4,973 | €4,051 | -€922 | -18.5% |
| Trade receivables | 40 | €847 | - | -€847 | |
| Other amounts receivable | 41 | €4,126 | €4,051 | -€75 | -1.8% |
| Cash at bank and in hand | 54/58 | €2,027 | €813 | -€1,214 | -59.9% |
| Total equity and liabilities | 10/49 | €8,642 | €7,683 | -€959 | -11.1% |
| Equity | 10/15 | -€8,034 | -€15,369 | -€7,335 | -91.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€26,634 | -€33,969 | -€7,335 | -27.5% |
| Amounts payable | 17/49 | €16,676 | €23,052 | +€6,376 | +38.2% |
| Amounts payable within one year | 42/48 | €16,676 | €23,052 | +€6,376 | +38.2% |
| Trade debts | 44 | €600 | €176 | -€424 | -70.7% |
| Suppliers | 440/4 | €600 | €176 | -€424 | -70.7% |
| Other amounts payable | 47/48 | €16,076 | €22,876 | +€6,800 | +42.3% |
| Other operating charges | 640/8 | €743 | €750 | +€7 | +1.0% |
| Gross operating margin | 9900 | -€1,477 | -€6,540 | -€5,063 | -343% |
| Operating profit (loss) | 9901 | -€2,220 | -€7,290 | -€5,070 | -228% |
| Financial charges | 65/66B | €52 | €45 | -€7 | -13.9% |
| Recurring financial charges | 65 | €52 | €45 | -€7 | -13.9% |
| Profit (loss) for the period before taxes | 9903 | -€2,272 | -€7,335 | -€5,063 | -223% |
| Profit (loss) for the period | 9904 | -€2,272 | -€7,335 | -€5,063 | -223% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,272 | -€7,335 | -€5,063 | -223% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.