MAE IMMO: 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.
MAE IMMO
Largest movements
- Receivables within one year -€49,031
down €49,031 (-64.1%), from €76,523 to €27,492
of which Trade receivables: -€47,165
- Tangible fixed assets -€22,815
down €22,815 (-4.8%), from €471,515 to €448,700
of which Land and buildings: -€14,573
- Trade debts -€43,359
down €43,359 (-50.5%), from €85,914 to €42,556
- Profit (loss) carried forward -€14,190
down €14,190 (-12.2%), from -€116,633 to -€130,823
- Debts after one year -€11,964
down €11,964 (-3.4%), from €349,083 to €337,119
of which Financial debts: -€14,977
- Gross operating margin +€8,187
up €8,187 (+102.0%), from €8,024 to €16,211
- Financial charges -€6,532
down €6,532 (-39.7%), from €16,437 to €9,905
- Financial income +€5,434
up €5,434 (+130.4%), from €4,167 to €9,601
- Depreciation +€2,657
up €2,657 (+12.1%), from €22,041 to €24,698
- Other operating charges +€1,514
up €1,514 (+44.9%), from €3,372 to €4,886
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 | €570,212 | €497,958 | -€72,254 | -12.7% |
| Fixed assets | 21/28 | €471,515 | €448,700 | -€22,815 | -4.8% |
| Tangible fixed assets | 22/27 | €471,515 | €448,700 | -€22,815 | -4.8% |
| Land and buildings | 22 | €379,379 | €364,806 | -€14,573 | -3.8% |
| Plant, machinery and equipment | 23 | €92,136 | €83,893 | -€8,242 | -8.9% |
| Current assets | 29/58 | €98,697 | €49,258 | -€49,439 | -50.1% |
| Stocks and contracts in progress | 3 | €16,204 | €16,204 | = | 0.0% |
| Stocks | 30/36 | €16,204 | €16,204 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €76,523 | €27,492 | -€49,031 | -64.1% |
| Trade receivables | 40 | €74,656 | €27,491 | -€47,165 | -63.2% |
| Other amounts receivable | 41 | €1,867 | €1 | -€1,866 | -100.0% |
| Cash at bank and in hand | 54/58 | €5,970 | €5,562 | -€408 | -6.8% |
| Total equity and liabilities | 10/49 | €570,212 | €497,958 | -€72,254 | -12.7% |
| Equity | 10/15 | -€96,633 | -€110,823 | -€14,190 | -14.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€116,633 | -€130,823 | -€14,190 | -12.2% |
| Amounts payable | 17/49 | €666,845 | €608,781 | -€58,064 | -8.7% |
| Amounts payable after more than one year | 17 | €349,083 | €337,119 | -€11,964 | -3.4% |
| Financial debts | 170/4 | €349,083 | €334,106 | -€14,977 | -4.3% |
| Other amounts payable | 178/9 | - | €3,013 | +€3,013 | |
| Amounts payable within one year | 42/48 | €317,761 | €271,226 | -€46,536 | -14.6% |
| Current portion of amounts payable after more than one year | 42 | €17,852 | €18,340 | +€488 | +2.7% |
| Trade debts | 44 | €85,914 | €42,556 | -€43,359 | -50.5% |
| Suppliers | 440/4 | €85,914 | €42,556 | -€43,359 | -50.5% |
| Other amounts payable | 47/48 | €213,995 | €210,330 | -€3,665 | -1.7% |
| Accrued charges and deferred income | 492/3 | - | €436 | +€436 | |
| Non-recurring operating income | 76A | - | €4,704 | +€4,704 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,041 | €24,698 | +€2,657 | +12.1% |
| Other operating charges | 640/8 | €3,372 | €4,886 | +€1,514 | +44.9% |
| Non-recurring operating charges | 66A | - | €513 | +€513 | |
| Gross operating margin | 9900 | €8,024 | €16,211 | +€8,187 | +102.0% |
| Operating profit (loss) | 9901 | -€17,389 | -€13,886 | +€3,503 | +20.1% |
| Financial income | 75/76B | €4,167 | €9,601 | +€5,434 | +130.4% |
| Recurring financial income | 75 | €4,167 | €9,601 | +€5,434 | +130.4% |
| Financial charges | 65/66B | €16,437 | €9,905 | -€6,532 | -39.7% |
| Recurring financial charges | 65 | €16,437 | €9,905 | -€6,532 | -39.7% |
| Profit (loss) for the period before taxes | 9903 | -€29,660 | -€14,190 | +€15,470 | +52.2% |
| Income taxes | 67/77 | €0 | €0 | +€0 | +129.4% |
| Profit (loss) for the period | 9904 | -€29,660 | -€14,190 | +€15,469 | +52.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€29,660 | -€14,190 | +€15,469 | +52.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.