MAASLANDS VLEES: 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.
MAASLANDS VLEES
Largest movements
- Receivables within one year +€117,641
up €117,641 (+26.9%), from €436,714 to €554,355
of which Trade receivables: +€99,268
- Tangible fixed assets +€86,570
up €86,570 (+1,643%), from €5,268 to €91,838
of which Plant, machinery and equipment: +€87,293
- Cash +€78,994
up €78,994 (+163%), from €48,541 to €127,535
mainly Net result for the year (+€147,732) and Trade debts (+€68,810)
- Intangible fixed assets +€24,404
new in 2025: €24,404
- Stocks and contracts -€20,445
down €20,445 (-24.6%), from €83,000 to €62,555
- Reserves +€99,732
up €99,732 (+134%), from €74,636 to €174,368
- Trade debts +€68,810
up €68,810 (+15.0%), from €457,477 to €526,286
- Other debts +€60,658
new in 2025: €60,658
- Debts after one year +€49,225
new in 2025: €49,225
- Tax, wage and social debts -€33,952
down €33,952 (-90.8%), from €37,409 to €3,457
of which Taxes: -€36,895
- Gross operating margin +€103,221
up €103,221 (+96.7%), from €106,795 to €210,016
- Depreciation +€20,999
up €20,999 (+3,149%), from €667 to €21,666
- Staff costs +€6,664
new in 2025: €6,664
- Financial charges +€2,627
up €2,627 (+12,674%), from €21 to €2,648
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 | €574,523 | €862,210 | +€287,687 | +50.1% |
| Fixed assets | 21/28 | €5,268 | €116,241 | +€110,974 | +2,107% |
| Intangible fixed assets | 21 | - | €24,404 | +€24,404 | |
| Tangible fixed assets | 22/27 | €5,268 | €91,838 | +€86,570 | +1,643% |
| Plant, machinery and equipment | 23 | €3,272 | €90,565 | +€87,293 | +2,668% |
| Furniture and vehicles | 24 | €1,996 | €1,273 | -€723 | -36.2% |
| Current assets | 29/58 | €569,255 | €745,969 | +€176,714 | +31.0% |
| Stocks and contracts in progress | 3 | €83,000 | €62,555 | -€20,445 | -24.6% |
| Stocks | 30/36 | €83,000 | €62,555 | -€20,445 | -24.6% |
| Amounts receivable within one year | 40/41 | €436,714 | €554,355 | +€117,641 | +26.9% |
| Trade receivables | 40 | €432,667 | €531,935 | +€99,268 | +22.9% |
| Other amounts receivable | 41 | €4,048 | €22,420 | +€18,373 | +454% |
| Cash at bank and in hand | 54/58 | €48,541 | €127,535 | +€78,994 | +163% |
| Deferred charges and accrued income | 490/1 | €1,000 | €1,524 | +€524 | +52.3% |
| Total equity and liabilities | 10/49 | €574,523 | €862,210 | +€287,687 | +50.1% |
| Equity | 10/15 | €79,636 | €179,368 | +€99,732 | +125% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €74,636 | €174,368 | +€99,732 | +134% |
| Distributable reserves | 133 | €74,636 | €174,368 | +€99,732 | +134% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €494,886 | €682,842 | +€187,956 | +38.0% |
| Amounts payable after more than one year | 17 | - | €49,225 | +€49,225 | |
| Financial debts | 170/4 | - | €49,225 | +€49,225 | |
| Amounts payable within one year | 42/48 | €494,886 | €633,617 | +€138,731 | +28.0% |
| Current portion of amounts payable after more than one year | 42 | - | €25,572 | +€25,572 | |
| Financial debts | 43 | - | €17,644 | +€17,644 | |
| Credit institutions | 430/8 | - | €17,644 | +€17,644 | |
| Trade debts | 44 | €457,477 | €526,286 | +€68,810 | +15.0% |
| Suppliers | 440/4 | €457,477 | €526,286 | +€68,810 | +15.0% |
| Taxes, remuneration and social security | 45 | €37,409 | €3,457 | -€33,952 | -90.8% |
| Taxes | 450/3 | €37,409 | €514 | -€36,895 | -98.6% |
| Remuneration and social security | 454/9 | - | €2,943 | +€2,943 | |
| Other amounts payable | 47/48 | - | €60,658 | +€60,658 | |
| Remuneration, social security and pensions | 62 | - | €6,664 | +€6,664 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €667 | €21,666 | +€20,999 | +3,149% |
| Other operating charges | 640/8 | €387 | €792 | +€404 | +104% |
| Gross operating margin | 9900 | €106,795 | €210,016 | +€103,221 | +96.7% |
| Operating profit (loss) | 9901 | €105,741 | €180,894 | +€75,154 | +71.1% |
| Financial income | 75/76B | €304 | €0 | -€304 | -100% |
| Recurring financial income | 75 | €304 | €0 | -€304 | -100% |
| Financial charges | 65/66B | €21 | €2,648 | +€2,627 | +12,674% |
| Recurring financial charges | 65 | €21 | €2,648 | +€2,627 | +12,674% |
| Profit (loss) for the period before taxes | 9903 | €106,024 | €178,246 | +€72,223 | +68.1% |
| Income taxes | 67/77 | €31,387 | €30,514 | -€873 | -2.8% |
| Profit (loss) for the period | 9904 | €74,636 | €147,732 | +€73,095 | +97.9% |
| Profit (loss) for the period to be appropriated | 9905 | €74,636 | €147,732 | +€73,095 | +97.9% |
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 30 October 2026 via checked.be.