Maeker: 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.
Maeker
Largest movements
- Receivables within one year +€53,082
up €53,082 (+167%), from €31,744 to €84,826
of which Trade receivables: +€54,720
- Cash -€10,031
down €10,031 (-23.7%), from €42,341 to €32,310
mainly Receivables within one year (-€53,082) and Debts after one year (-€35,000)
- Tangible fixed assets -€9,007
down €9,007 (-38.6%), from €23,340 to €14,333
of which Furniture and vehicles: -€7,942
- Debts after one year -€35,000
no longer reported in 2025 (was €35,000)
- Reserves +€33,816
up €33,816 (+84.5%), from €40,010 to €73,826
- Trade debts +€19,242
up €19,242 (+796%), from €2,417 to €21,659
- Other debts +€9,565
up €9,565 (+1,164%), from €822 to €10,387
- Tax, wage and social debts +€6,421
up €6,421 (+96.4%), from €6,660 to €13,081
- Gross operating margin +€25,027
up €25,027 (+74.3%), from €33,689 to €58,715
- Taxes +€7,379
up €7,379 (+122%), from €6,062 to €13,441
- Financial charges -€605
down €605 (-30.0%), from €2,019 to €1,414
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 | €97,425 | €131,469 | +€34,044 | +34.9% |
| Fixed assets | 21/28 | €23,340 | €14,333 | -€9,007 | -38.6% |
| Tangible fixed assets | 22/27 | €23,340 | €14,333 | -€9,007 | -38.6% |
| Plant, machinery and equipment | 23 | €3,161 | €2,096 | -€1,065 | -33.7% |
| Furniture and vehicles | 24 | €20,179 | €12,237 | -€7,942 | -39.4% |
| Current assets | 29/58 | €74,085 | €117,136 | +€43,051 | +58.1% |
| Amounts receivable within one year | 40/41 | €31,744 | €84,826 | +€53,082 | +167% |
| Trade receivables | 40 | €30,106 | €84,826 | +€54,720 | +182% |
| Other amounts receivable | 41 | €1,638 | - | -€1,638 | |
| Cash at bank and in hand | 54/58 | €42,341 | €32,310 | -€10,031 | -23.7% |
| Total equity and liabilities | 10/49 | €97,425 | €131,469 | +€34,044 | +34.9% |
| Equity | 10/15 | €52,525 | €86,341 | +€33,816 | +64.4% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €40,010 | €73,826 | +€33,816 | +84.5% |
| Distributable reserves | 133 | €40,010 | €73,826 | +€33,816 | +84.5% |
| Profit (loss) carried forward | 14 | €15 | €15 | = | 0.0% |
| Amounts payable | 17/49 | €44,900 | €45,128 | +€228 | +0.5% |
| Amounts payable after more than one year | 17 | €35,000 | - | -€35,000 | |
| Other amounts payable | 178/9 | €35,000 | - | -€35,000 | |
| Amounts payable within one year | 42/48 | €9,900 | €45,128 | +€35,228 | +356% |
| Trade debts | 44 | €2,417 | €21,659 | +€19,242 | +796% |
| Suppliers | 440/4 | €2,417 | €21,659 | +€19,242 | +796% |
| Taxes, remuneration and social security | 45 | €6,660 | €13,081 | +€6,421 | +96.4% |
| Taxes | 450/3 | €6,660 | €13,081 | +€6,421 | +96.4% |
| Other amounts payable | 47/48 | €822 | €10,387 | +€9,565 | +1,164% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,609 | €9,007 | +€398 | +4.6% |
| Other operating charges | 640/8 | €1,350 | €1,038 | -€312 | -23.1% |
| Gross operating margin | 9900 | €33,689 | €58,715 | +€25,027 | +74.3% |
| Operating profit (loss) | 9901 | €23,729 | €48,670 | +€24,941 | +105% |
| Financial income | 75/76B | €2 | - | -€2 | |
| Recurring financial income | 75 | €2 | - | -€2 | |
| Financial charges | 65/66B | €2,019 | €1,414 | -€605 | -30.0% |
| Recurring financial charges | 65 | €2,019 | €1,414 | -€605 | -30.0% |
| Profit (loss) for the period before taxes | 9903 | €21,712 | €47,256 | +€25,544 | +118% |
| Income taxes | 67/77 | €6,062 | €13,441 | +€7,379 | +122% |
| Profit (loss) for the period | 9904 | €15,650 | €33,816 | +€18,165 | +116% |
| Profit (loss) for the period to be appropriated | 9905 | €15,650 | €33,816 | +€18,165 | +116% |
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 15 October 2026 via checked.be.