M.A.Y: 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.
M.A.Y
Largest movements
- Cash -€10,267
no longer reported in 2025 (was €10,267)
mainly Other debts (-€41,179) and Receivables within one year (-€7,370)
- Receivables within one year +€7,370
new in 2025: €7,370
- Tangible fixed assets -€5,111
down €5,111 (-20.7%), from €24,733 to €19,622
of which Furniture and vehicles: -€24,733
- Other debts -€41,179
no longer reported in 2025 (was €41,179)
- Profit (loss) carried forward +€25,541
up €25,541 (+78.2%), from -€32,679 to -€7,138
- Debts after one year +€7,630
up €7,630 (+28.8%), from €26,500 to €34,130
- Gross operating margin +€29,851
up €29,851 (+91.3%), from -€32,679 to -€2,828
- Turnover +€17,165
up €17,165 (+167.2%), from €10,267 to €27,432
- Purchases and services -€12,686
down €12,686 (-29.5%), from €42,946 to €30,260
- Staff costs +€4,310
new in 2025: €4,310
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 | €35,000 | €26,992 | -€8,008 | -22.9% |
| Fixed assets | 21/28 | €24,733 | €19,622 | -€5,111 | -20.7% |
| Tangible fixed assets | 22/27 | €24,733 | €19,622 | -€5,111 | -20.7% |
| Furniture and vehicles | 24 | €24,733 | - | -€24,733 | |
| Leasing and similar rights | 25 | - | €19,622 | +€19,622 | |
| Current assets | 29/58 | €10,267 | €7,370 | -€2,897 | -28.2% |
| Amounts receivable within one year | 40/41 | - | €7,370 | +€7,370 | |
| Trade receivables | 40 | - | €7,370 | +€7,370 | |
| Cash at bank and in hand | 54/58 | €10,267 | - | -€10,267 | |
| Total equity and liabilities | 10/49 | €35,000 | €26,992 | -€8,008 | -22.9% |
| Equity | 10/15 | -€32,679 | -€7,138 | +€25,541 | +78.2% |
| Profit (loss) carried forward | 14 | -€32,679 | -€7,138 | +€25,541 | +78.2% |
| Amounts payable | 17/49 | €67,679 | €34,130 | -€33,549 | -49.6% |
| Amounts payable after more than one year | 17 | €26,500 | €34,130 | +€7,630 | +28.8% |
| Financial debts | 170/4 | €26,500 | €34,130 | +€7,630 | +28.8% |
| Amounts payable within one year | 42/48 | €41,179 | - | -€41,179 | |
| Other amounts payable | 47/48 | €41,179 | - | -€41,179 | |
| Turnover | 70 | €10,267 | €27,432 | +€17,165 | +167.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €42,946 | €30,260 | -€12,686 | -29.5% |
| Remuneration, social security and pensions | 62 | - | €4,310 | +€4,310 | |
| Gross operating margin | 9900 | -€32,679 | -€2,828 | +€29,851 | +91.3% |
| Operating profit (loss) | 9901 | -€32,679 | -€7,138 | +€25,541 | +78.2% |
| Profit (loss) for the period before taxes | 9903 | -€32,679 | -€7,138 | +€25,541 | +78.2% |
| Profit (loss) for the period | 9904 | -€32,679 | -€7,138 | +€25,541 | +78.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€32,679 | -€7,138 | +€25,541 | +78.2% |
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 9 October 2026 via checked.be.