Ma-Ys: 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.
Ma-Ys
Largest movements
- Cash +€20,565
up €20,565 (+15.9%), from €129,578 to €150,143
mainly Other debts (+€194,900) and Net result for the year (+€50,509)
- Receivables within one year +€10,766
up €10,766 (+14.4%), from €75,000 to €85,766
of which Other amounts receivable: +€85,766
- Other debts +€194,900
up €194,900 (+12023.4%), from €1,621 to €196,521
- Profit (loss) carried forward -€182,512
no longer reported in 2025 (was €182,512)
- Tax, wage and social debts +€20,930
up €20,930 (+97.1%), from €21,558 to €42,488
- Gross operating margin -€50,877
down €50,877 (-39.1%), from €130,231 to €79,354
- Taxes +€17,497
up €17,497 (+123.4%), from €14,179 to €31,676
- Financial income +€3,551
new in 2025: €3,551
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 | €207,437 | €240,751 | +€33,314 | +16.1% |
| Fixed assets | 21/28 | €1,269 | €1,694 | +€425 | +33.5% |
| Tangible fixed assets | 22/27 | €1,269 | €1,694 | +€425 | +33.5% |
| Plant, machinery and equipment | 23 | €1,269 | €1,694 | +€425 | +33.5% |
| Current assets | 29/58 | €206,168 | €239,057 | +€32,889 | +16.0% |
| Amounts receivable within one year | 40/41 | €75,000 | €85,766 | +€10,766 | +14.4% |
| Trade receivables | 40 | €75,000 | - | -€75,000 | |
| Other amounts receivable | 41 | - | €85,766 | +€85,766 | |
| Cash at bank and in hand | 54/58 | €129,578 | €150,143 | +€20,565 | +15.9% |
| Deferred charges and accrued income | 490/1 | €1,590 | €3,148 | +€1,558 | +98.0% |
| Total equity and liabilities | 10/49 | €207,437 | €240,751 | +€33,314 | +16.1% |
| Equity | 10/15 | €183,512 | €1,000 | -€182,512 | -99.5% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €182,512 | - | -€182,512 | |
| Amounts payable | 17/49 | €23,925 | €239,751 | +€215,826 | +902.1% |
| Amounts payable within one year | 42/48 | €23,925 | €239,751 | +€215,826 | +902.1% |
| Trade debts | 44 | €746 | €742 | -€4 | -0.5% |
| Suppliers | 440/4 | €746 | €742 | -€4 | -0.5% |
| Taxes, remuneration and social security | 45 | €21,558 | €42,488 | +€20,930 | +97.1% |
| Taxes | 450/3 | €21,558 | €42,488 | +€20,930 | +97.1% |
| Other amounts payable | 47/48 | €1,621 | €196,521 | +€194,900 | +12023.4% |
| Non-recurring operating income | 76A | €750 | - | -€750 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €134 | €516 | +€382 | +285.1% |
| Other operating charges | 640/8 | €115 | €126 | +€11 | +9.6% |
| Gross operating margin | 9900 | €130,231 | €79,354 | -€50,877 | -39.1% |
| Operating profit (loss) | 9901 | €129,982 | €78,712 | -€51,270 | -39.4% |
| Financial income | 75/76B | - | €3,551 | +€3,551 | |
| Recurring financial income | 75 | - | €3,551 | +€3,551 | |
| Financial charges | 65/66B | €38 | €78 | +€40 | +105.3% |
| Recurring financial charges | 65 | €38 | €78 | +€40 | +105.3% |
| Profit (loss) for the period before taxes | 9903 | €129,944 | €82,185 | -€47,759 | -36.8% |
| Income taxes | 67/77 | €14,179 | €31,676 | +€17,497 | +123.4% |
| Profit (loss) for the period | 9904 | €115,765 | €50,509 | -€65,256 | -56.4% |
| Profit (loss) for the period to be appropriated | 9905 | €115,765 | €50,509 | -€65,256 | -56.4% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.