LE MAYEUR: 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.
LE MAYEUR
Largest movements
- Cash -€2,648
down €2,648 (-78.6%), from €3,367 to €719
mainly Net result for the year (-€3,514) and Short-term financial debts (-€1,320)
- Tangible fixed assets -€792
down €792 (-31.1%), from €2,542 to €1,750
of which Land and buildings: -€1,655
- Stocks and contracts -€705
down €705 (-10.8%), from €6,541 to €5,836
- Receivables within one year -€610
down €610 (-58.0%), from €1,052 to €442
of which Other amounts receivable: -€1,052
- Profit (loss) carried forward -€3,514
down €3,514 (-6.4%), from -€54,869 to -€58,383
- Short-term financial debts -€1,320
down €1,320 (-7.2%), from €18,403 to €17,083
- Other debts -€547
down €547 (-1.5%), from €36,087 to €35,539
- Trade debts +€324
up €324 (+11.4%), from €2,840 to €3,164
- Tax, wage and social debts +€164
up €164, from €0 to €164
- Gross operating margin +€13,537
up €13,537, from -€8,363 to €5,174
- Financial charges +€543
up €543 (+17.0%), from €3,200 to €3,742
- Depreciation +€150
up €150 (+8.2%), from €1,819 to €1,969
- Taxes +€142
new in 2026: €142
- Financial income -€113
down €113 (-98.6%), from €114 to €2
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €16,259 | €11,366 | -€4,893 | -30.1% |
| Fixed assets | 21/28 | €2,742 | €1,950 | -€792 | -28.9% |
| Tangible fixed assets | 22/27 | €2,542 | €1,750 | -€792 | -31.1% |
| Land and buildings | 22 | €1,833 | €179 | -€1,655 | -90.3% |
| Plant, machinery and equipment | 23 | €709 | €1,572 | +€863 | +122% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €13,516 | €9,415 | -€4,101 | -30.3% |
| Stocks and contracts in progress | 3 | €6,541 | €5,836 | -€705 | -10.8% |
| Stocks | 30/36 | €6,541 | €5,836 | -€705 | -10.8% |
| Amounts receivable within one year | 40/41 | €1,052 | €442 | -€610 | -58.0% |
| Trade receivables | 40 | €0 | €442 | +€442 | |
| Other amounts receivable | 41 | €1,052 | €0 | -€1,052 | -100% |
| Cash at bank and in hand | 54/58 | €3,367 | €719 | -€2,648 | -78.6% |
| Deferred charges and accrued income | 490/1 | €2,556 | €2,418 | -€138 | -5.4% |
| Total equity and liabilities | 10/49 | €16,259 | €11,366 | -€4,893 | -30.1% |
| Equity | 10/15 | -€41,071 | -€44,585 | -€3,514 | -8.6% |
| Contributions | 10/11 | €13,798 | €13,798 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€54,869 | -€58,383 | -€3,514 | -6.4% |
| Amounts payable | 17/49 | €57,330 | €55,951 | -€1,379 | -2.4% |
| Amounts payable within one year | 42/48 | €57,330 | €55,951 | -€1,379 | -2.4% |
| Financial debts | 43 | €18,403 | €17,083 | -€1,320 | -7.2% |
| Credit institutions | 430/8 | €18,403 | €17,083 | -€1,320 | -7.2% |
| Trade debts | 44 | €2,840 | €3,164 | +€324 | +11.4% |
| Suppliers | 440/4 | €2,840 | €3,164 | +€324 | +11.4% |
| Taxes, remuneration and social security | 45 | €0 | €164 | +€164 | |
| Taxes | 450/3 | €0 | €164 | +€164 | |
| Other amounts payable | 47/48 | €36,087 | €35,539 | -€547 | -1.5% |
| Non-recurring operating income | 76A | €528 | €0 | -€528 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,819 | €1,969 | +€150 | +8.2% |
| Other operating charges | 640/8 | €2,772 | €2,836 | +€64 | +2.3% |
| Gross operating margin | 9900 | -€8,363 | €5,174 | +€13,537 | |
| Operating profit (loss) | 9901 | -€12,955 | €368 | +€13,323 | |
| Financial income | 75/76B | €114 | €2 | -€113 | -98.6% |
| Recurring financial income | 75 | €114 | €2 | -€113 | -98.6% |
| Financial charges | 65/66B | €3,200 | €3,742 | +€543 | +17.0% |
| Recurring financial charges | 65 | €3,200 | €3,742 | +€543 | +17.0% |
| Profit (loss) for the period before taxes | 9903 | -€16,040 | -€3,372 | +€12,668 | +79.0% |
| Income taxes | 67/77 | - | €142 | +€142 | |
| Profit (loss) for the period | 9904 | -€16,040 | -€3,514 | +€12,526 | +78.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,040 | -€3,514 | +€12,526 | +78.1% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.