M.A.U.L.: 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.
M.A.U.L.
Largest movements
- Tangible fixed assets -€6,050
down €6,050 (-7.0%), from €87,017 to €80,967
of which Land and buildings: -€5,900
- Cash +€3,012
up €3,012 (+420.7%), from €716 to €3,728
mainly Depreciation (+€8,512) and Net result for the year (+€3,448)
- Deferred charges and accrued income -€2,225
no longer reported in 2024 (was €2,225)
- Receivables within one year +€1,888
new in 2024: €1,888
- Other debts -€6,926
down €6,926 (-21.6%), from €32,092 to €25,166
- Profit (loss) carried forward +€3,448
up €3,448 (+20.5%), from -€16,823 to -€13,375
- Gross operating margin +€1,821
up €1,821 (+10.1%), from €18,008 to €19,829
- Turnover +€1,637
up €1,637 (+7.3%), from €22,416 to €24,053
- Other operating charges +€721
up €721 (+10.3%), from €6,977 to €7,698
- Purchases and services -€697
down €697 (-14.2%), from €4,921 to €4,224
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.
Cash bridge derived
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 | €89,958 | €86,583 | -€3,375 | -3.8% |
| Fixed assets | 21/28 | €87,017 | €80,967 | -€6,050 | -7.0% |
| Tangible fixed assets | 22/27 | €87,017 | €80,967 | -€6,050 | -7.0% |
| Land and buildings | 22 | €80,885 | €74,985 | -€5,900 | -7.3% |
| Plant, machinery and equipment | 23 | €6,132 | €5,982 | -€150 | -2.4% |
| Current assets | 29/58 | €2,941 | €5,616 | +€2,675 | +91.0% |
| Amounts receivable within one year | 40/41 | - | €1,888 | +€1,888 | |
| Trade receivables | 40 | - | €1,888 | +€1,888 | |
| Cash at bank and in hand | 54/58 | €716 | €3,728 | +€3,012 | +420.7% |
| Deferred charges and accrued income | 490/1 | €2,225 | - | -€2,225 | |
| Total equity and liabilities | 10/49 | €89,958 | €86,583 | -€3,375 | -3.8% |
| Equity | 10/15 | €54,967 | €58,415 | +€3,448 | +6.3% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €10,290 | €10,290 | = | 0.0% |
| Distributable reserves | 133 | €10,290 | €10,290 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,823 | -€13,375 | +€3,448 | +20.5% |
| Amounts payable | 17/49 | €34,991 | €28,168 | -€6,823 | -19.5% |
| Amounts payable within one year | 42/48 | €34,991 | €28,168 | -€6,823 | -19.5% |
| Trade debts | 44 | €2,899 | €2,898 | -€1 | 0.0% |
| Suppliers | 440/4 | €2,899 | €2,898 | -€1 | 0.0% |
| Taxes, remuneration and social security | 45 | - | €104 | +€104 | |
| Taxes | 450/3 | - | €104 | +€104 | |
| Other amounts payable | 47/48 | €32,092 | €25,166 | -€6,926 | -21.6% |
| Turnover | 70 | €22,416 | €24,053 | +€1,637 | +7.3% |
| Non-recurring operating income | 76A | €514 | - | -€514 | |
| Goods, raw materials, services and sundry goods | 60/61 | €4,921 | €4,224 | -€697 | -14.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,402 | €8,512 | +€110 | +1.3% |
| Other operating charges | 640/8 | €6,977 | €7,698 | +€721 | +10.3% |
| Gross operating margin | 9900 | €18,008 | €19,829 | +€1,821 | +10.1% |
| Operating profit (loss) | 9901 | €2,629 | €3,619 | +€990 | +37.7% |
| Financial charges | 65/66B | €80 | €67 | -€13 | -16.3% |
| Recurring financial charges | 65 | €80 | €67 | -€13 | -16.3% |
| Profit (loss) for the period before taxes | 9903 | €2,549 | €3,552 | +€1,003 | +39.3% |
| Income taxes | 67/77 | - | €104 | +€104 | |
| Profit (loss) for the period | 9904 | €2,549 | €3,448 | +€899 | +35.3% |
| Profit (loss) for the period to be appropriated | 9905 | €2,549 | €3,448 | +€899 | +35.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.