IMMO MAES: what changed
Two fiscal 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.
IMMO MAES
Largest movements
- Cash -€14,779
down €14,779 (-65.5%), from €22,570 to €7,791
mainly Other debts (-€21,413) and Tax, wage and social debts (-€4,868)
- Tangible fixed assets -€549
down €549 (-29.8%), from €1,842 to €1,292
of which Furniture and vehicles: -€399
- Other debts -€21,413
down €21,413 (-11.9%), from €180,085 to €158,672
- Profit (loss) carried forward +€8,117
up €8,117 (+3.4%), from -€242,054 to -€233,937
- Tax, wage and social debts -€4,868
down €4,868 (-48.4%), from €10,062 to €5,194
- Trade debts +€2,569
up €2,569 (+543.6%), from €472 to €3,041
- Gross operating margin +€4,426
up €4,426 (+80.2%), from €5,520 to €9,946
- Depreciation -€270
down €270 (-33.0%), from €819 to €549
- Financial charges -€129
down €129 (-43.0%), from €301 to €172
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.
Cash bridge derived
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 | €30,098 | €14,502 | -€15,596 | -51.8% |
| Fixed assets | 21/28 | €2,342 | €1,792 | -€549 | -23.5% |
| Tangible fixed assets | 22/27 | €1,842 | €1,292 | -€549 | -29.8% |
| Land and buildings | 22 | €1,227 | €1,077 | -€150 | -12.2% |
| Furniture and vehicles | 24 | €615 | €215 | -€399 | -65.0% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €27,756 | €12,710 | -€15,047 | -54.2% |
| Amounts receivable within one year | 40/41 | €3,815 | €3,815 | = | 0.0% |
| Other amounts receivable | 41 | €3,815 | €3,815 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €22,570 | €7,791 | -€14,779 | -65.5% |
| Deferred charges and accrued income | 490/1 | €1,371 | €1,104 | -€268 | -19.5% |
| Total equity and liabilities | 10/49 | €30,098 | €14,502 | -€15,596 | -51.8% |
| Equity | 10/15 | -€160,522 | -€152,405 | +€8,117 | +5.1% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €31,532 | €31,532 | = | 0.0% |
| Non-distributable reserves | 130/1 | €5,000 | €5,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,000 | €5,000 | = | 0.0% |
| Distributable reserves | 133 | €26,532 | €26,532 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€242,054 | -€233,937 | +€8,117 | +3.4% |
| Amounts payable | 17/49 | €190,620 | €166,907 | -€23,713 | -12.4% |
| Amounts payable within one year | 42/48 | €190,620 | €166,907 | -€23,713 | -12.4% |
| Trade debts | 44 | €472 | €3,041 | +€2,569 | +543.6% |
| Suppliers | 440/4 | €472 | €3,041 | +€2,569 | +543.6% |
| Taxes, remuneration and social security | 45 | €10,062 | €5,194 | -€4,868 | -48.4% |
| Taxes | 450/3 | €10,062 | €5,194 | -€4,868 | -48.4% |
| Other amounts payable | 47/48 | €180,085 | €158,672 | -€21,413 | -11.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €819 | €549 | -€270 | -33.0% |
| Other operating charges | 640/8 | €938 | €947 | +€9 | +0.9% |
| Gross operating margin | 9900 | €5,520 | €9,946 | +€4,426 | +80.2% |
| Operating profit (loss) | 9901 | €3,763 | €8,450 | +€4,687 | +124.6% |
| Financial charges | 65/66B | €301 | €172 | -€129 | -43.0% |
| Recurring financial charges | 65 | €301 | €172 | -€129 | -43.0% |
| Profit (loss) for the period before taxes | 9903 | €3,462 | €8,278 | +€4,817 | +139.1% |
| Income taxes | 67/77 | €141 | €161 | +€21 | +14.7% |
| Profit (loss) for the period | 9904 | €3,321 | €8,117 | +€4,796 | +144.4% |
| Profit (loss) for the period to be appropriated | 9905 | €3,321 | €8,117 | +€4,796 | +144.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.