M@IDEE: 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@IDEE
Largest movements
- Cash +€12,733
up €12,733 (+61.7%), from €20,630 to €33,362
mainly Net result for the year (+€14,037) and Depreciation (+€13,814)
- Tangible fixed assets -€11,988
down €11,988 (-2.9%), from €416,562 to €404,574
of which Land and buildings: -€12,735
- Debts after one year -€16,416
down €16,416 (-11.5%), from €142,530 to €126,114
- Reserves +€12,037
up €12,037 (+55.5%), from €21,707 to €33,744
- Trade debts +€7,417
up €7,417 (+701%), from €1,057 to €8,474
- Gross operating margin +€5,449
up €5,449 (+12.5%), from €43,703 to €49,152
- Depreciation -€4,210
down €4,210 (-23.4%), from €18,024 to €13,814
- Taxes +€1,570
up €1,570 (+43.9%), from €3,577 to €5,147
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 | €454,676 | €459,716 | +€5,041 | +1.1% |
| Fixed assets | 21/28 | €416,562 | €404,574 | -€11,988 | -2.9% |
| Tangible fixed assets | 22/27 | €416,562 | €404,574 | -€11,988 | -2.9% |
| Land and buildings | 22 | €412,526 | €399,790 | -€12,735 | -3.1% |
| Plant, machinery and equipment | 23 | €2,521 | €3,570 | +€1,049 | +41.6% |
| Furniture and vehicles | 24 | €1,515 | €1,213 | -€302 | -19.9% |
| Current assets | 29/58 | €38,114 | €55,143 | +€17,029 | +44.7% |
| Amounts receivable within one year | 40/41 | €16,002 | €20,454 | +€4,452 | +27.8% |
| Trade receivables | 40 | €121 | €20,454 | +€20,333 | +16,807% |
| Other amounts receivable | 41 | €15,881 | €0 | -€15,881 | -100% |
| Cash at bank and in hand | 54/58 | €20,630 | €33,362 | +€12,733 | +61.7% |
| Deferred charges and accrued income | 490/1 | €1,482 | €1,326 | -€156 | -10.5% |
| Total equity and liabilities | 10/49 | €454,676 | €459,716 | +€5,041 | +1.1% |
| Equity | 10/15 | €186,707 | €198,744 | +€12,037 | +6.4% |
| Contributions | 10/11 | €165,000 | €165,000 | = | 0.0% |
| Reserves | 13 | €21,707 | €33,744 | +€12,037 | +55.5% |
| Distributable reserves | 133 | €21,707 | €33,744 | +€12,037 | +55.5% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €267,969 | €260,972 | -€6,996 | -2.6% |
| Amounts payable after more than one year | 17 | €142,530 | €126,114 | -€16,416 | -11.5% |
| Financial debts | 170/4 | €142,530 | €126,114 | -€16,416 | -11.5% |
| Amounts payable within one year | 42/48 | €124,342 | €133,688 | +€9,347 | +7.5% |
| Current portion of amounts payable after more than one year | 42 | €15,772 | €16,416 | +€643 | +4.1% |
| Trade debts | 44 | €1,057 | €8,474 | +€7,417 | +701% |
| Suppliers | 440/4 | €1,057 | €8,474 | +€7,417 | +701% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €7,530 | €9,465 | +€1,935 | +25.7% |
| Taxes | 450/3 | €7,530 | €9,465 | +€1,935 | +25.7% |
| Other amounts payable | 47/48 | €99,982 | €99,334 | -€648 | -0.6% |
| Accrued charges and deferred income | 492/3 | €1,097 | €1,170 | +€73 | +6.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,024 | €13,814 | -€4,210 | -23.4% |
| Other operating charges | 640/8 | €2,412 | €2,551 | +€140 | +5.8% |
| Gross operating margin | 9900 | €43,703 | €49,152 | +€5,449 | +12.5% |
| Operating profit (loss) | 9901 | €23,268 | €32,787 | +€9,519 | +40.9% |
| Financial income | 75/76B | €432 | €103 | -€328 | -76.1% |
| Recurring financial income | 75 | €432 | €103 | -€328 | -76.1% |
| Financial charges | 65/66B | €13,836 | €13,706 | -€129 | -0.9% |
| Recurring financial charges | 65 | €13,836 | €13,706 | -€129 | -0.9% |
| Profit (loss) for the period before taxes | 9903 | €9,864 | €19,184 | +€9,320 | +94.5% |
| Income taxes | 67/77 | €3,577 | €5,147 | +€1,570 | +43.9% |
| Profit (loss) for the period | 9904 | €6,287 | €14,037 | +€7,750 | +123% |
| Profit (loss) for the period to be appropriated | 9905 | €6,287 | €14,037 | +€7,750 | +123% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.