GROEP MAEBE: 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.
GROEP MAEBE
Largest movements
- Cash +€618,218
up €618,218 (+137%), from €450,659 to €1.1m
mainly Stocks and contracts (+€549,890) and Accrued charges and deferred income (+€105,074)
- Stocks and contracts -€549,890
down €549,890 (-51.4%), from €1.1m to €520,621
- Accrued charges and deferred income +€105,074
up €105,074 (+113%), from €92,602 to €197,676
- Other debts -€82,968
down €82,968 (-8.6%), from €966,237 to €883,269
- Trade debts +€27,658
up €27,658 (+6.7%), from €411,915 to €439,573
- Gross operating margin -€35,180
down €35,180 (-26.4%), from €133,225 to €98,046
- Financial charges -€26,675
down €26,675 (-30.5%), from €87,330 to €60,655
- Write-downs +€13,687
up €13,687 (+283%), from €4,838 to €18,525
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 | €1,613,608 | €1,677,884 | +€64,276 | +4.0% |
| Current assets | 29/58 | €1,613,608 | €1,677,884 | +€64,276 | +4.0% |
| Stocks and contracts in progress | 3 | €1,070,511 | €520,621 | -€549,890 | -51.4% |
| Stocks | 30/36 | €1,070,511 | €520,621 | -€549,890 | -51.4% |
| Amounts receivable within one year | 40/41 | €92,185 | €88,386 | -€3,799 | -4.1% |
| Trade receivables | 40 | €88,994 | €88,386 | -€607 | -0.7% |
| Other amounts receivable | 41 | €3,191 | €0 | -€3,191 | -100% |
| Cash at bank and in hand | 54/58 | €450,659 | €1,068,877 | +€618,218 | +137% |
| Deferred charges and accrued income | 490/1 | €253 | €0 | -€253 | -100% |
| Total equity and liabilities | 10/49 | €1,613,608 | €1,677,884 | +€64,276 | +4.0% |
| Equity | 10/15 | €141,907 | €154,708 | +€12,801 | +9.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €123,307 | €136,108 | +€12,801 | +10.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €121,447 | €134,248 | +€12,801 | +10.5% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €1,471,701 | €1,523,176 | +€51,475 | +3.5% |
| Amounts payable within one year | 42/48 | €1,379,099 | €1,325,500 | -€53,599 | -3.9% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €411,915 | €439,573 | +€27,658 | +6.7% |
| Suppliers | 440/4 | €411,915 | €439,573 | +€27,658 | +6.7% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €947 | €2,658 | +€1,711 | +181% |
| Taxes | 450/3 | €947 | €2,658 | +€1,711 | +181% |
| Other amounts payable | 47/48 | €966,237 | €883,269 | -€82,968 | -8.6% |
| Accrued charges and deferred income | 492/3 | €92,602 | €197,676 | +€105,074 | +113% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €4,838 | €18,525 | +€13,687 | +283% |
| Other operating charges | 640/8 | €1,258 | €1,243 | -€15 | -1.2% |
| Gross operating margin | 9900 | €133,225 | €98,046 | -€35,180 | -26.4% |
| Operating profit (loss) | 9901 | €127,129 | €78,278 | -€48,851 | -38.4% |
| Financial income | 75/76B | €0 | €0 | +€0 | |
| Recurring financial income | 75 | €0 | €0 | +€0 | |
| Financial charges | 65/66B | €87,330 | €60,655 | -€26,675 | -30.5% |
| Recurring financial charges | 65 | €87,330 | €60,655 | -€26,675 | -30.5% |
| Profit (loss) for the period before taxes | 9903 | €39,799 | €17,623 | -€22,176 | -55.7% |
| Income taxes | 67/77 | €3,947 | €4,822 | +€875 | +22.2% |
| Profit (loss) for the period | 9904 | €35,852 | €12,801 | -€23,051 | -64.3% |
| Profit (loss) for the period to be appropriated | 9905 | €35,852 | €12,801 | -€23,051 | -64.3% |
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 18 October 2026 via checked.be.