MAAO EXPORT: 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.
MAAO EXPORT
Largest movements
- Receivables within one year -€12,372
down €12,372 (-16.8%), from €73,426 to €61,054
of which Other amounts receivable: -€26,752
- Cash +€11,164
up €11,164 (+141.3%), from €7,899 to €19,064
mainly Receivables within one year (+€12,372) and Other debts (+€8,370)
- Other debts +€8,370
up €8,370 (+115.1%), from €7,274 to €15,644
- Profit (loss) carried forward -€7,452
down €7,452, from €2,710 to -€4,742
- Trade debts -€1,704
no longer reported in 2024 (was €1,704)
- Tax, wage and social debts -€1,239
no longer reported in 2024 (was €1,239)
- Gross operating margin -€13,572
down €13,572, from €5,737 to -€7,836
- Taxes -€2,479
down €2,479, from €1,239 to -€1,239
- Financial charges -€845
down €845 (-92.3%), from €915 to €70
- Other operating charges -€266
no longer reported in 2024 (was €266)
- Financial income -€215
down €215 (-87.2%), from €247 to €32
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 | €82,927 | €80,903 | -€2,025 | -2.4% |
| Fixed assets | 21/28 | €1,601 | €784 | -€817 | -51.0% |
| Tangible fixed assets | 22/27 | €1,601 | €784 | -€817 | -51.0% |
| Furniture and vehicles | 24 | €1,601 | €784 | -€817 | -51.0% |
| Current assets | 29/58 | €81,326 | €80,118 | -€1,208 | -1.5% |
| Amounts receivable within one year | 40/41 | €73,426 | €61,054 | -€12,372 | -16.8% |
| Trade receivables | 40 | €46,592 | €60,972 | +€14,380 | +30.9% |
| Other amounts receivable | 41 | €26,835 | €83 | -€26,752 | -99.7% |
| Cash at bank and in hand | 54/58 | €7,899 | €19,064 | +€11,164 | +141.3% |
| Total equity and liabilities | 10/49 | €82,927 | €80,903 | -€2,025 | -2.4% |
| Equity | 10/15 | €72,710 | €65,258 | -€7,452 | -10.2% |
| Contributions | 10/11 | €70,000 | €70,000 | = | 0.0% |
| Capital | 10 | €70,000 | €70,000 | = | 0.0% |
| Issued capital | 100 | €90,000 | €90,000 | = | 0.0% |
| Uncalled capital | 101 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,710 | -€4,742 | -€7,452 | |
| Amounts payable | 17/49 | €10,217 | €15,645 | +€5,427 | +53.1% |
| Amounts payable within one year | 42/48 | €10,217 | €15,644 | +€5,426 | +53.1% |
| Trade debts | 44 | €1,704 | - | -€1,704 | |
| Suppliers | 440/4 | €1,704 | - | -€1,704 | |
| Taxes, remuneration and social security | 45 | €1,239 | - | -€1,239 | |
| Taxes | 450/3 | €1,239 | - | -€1,239 | |
| Other amounts payable | 47/48 | €7,274 | €15,644 | +€8,370 | +115.1% |
| Accrued charges and deferred income | 492/3 | - | €1 | +€1 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €853 | €817 | -€36 | -4.2% |
| Other operating charges | 640/8 | €266 | - | -€266 | |
| Gross operating margin | 9900 | €5,737 | -€7,836 | -€13,572 | |
| Operating profit (loss) | 9901 | €4,618 | -€8,652 | -€13,270 | |
| Financial income | 75/76B | €247 | €32 | -€215 | -87.2% |
| Recurring financial income | 75 | €247 | €32 | -€215 | -87.2% |
| Financial charges | 65/66B | €915 | €70 | -€845 | -92.3% |
| Recurring financial charges | 65 | €915 | €70 | -€845 | -92.3% |
| Profit (loss) for the period before taxes | 9903 | €3,949 | -€8,691 | -€12,641 | |
| Income taxes | 67/77 | €1,239 | -€1,239 | -€2,479 | |
| Profit (loss) for the period | 9904 | €2,710 | -€7,452 | -€10,162 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,710 | -€7,452 | -€10,162 |
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 29 September 2026 via checked.be.