MAEKI: 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.
MAEKI
Largest movements
- Cash +€347,466
up €347,466 (+492.7%), from €70,526 to €417,992
mainly Net result for the year (+€313,033) and Receivables within one year (+€58,580)
- Receivables within one year -€58,580
down €58,580 (-59.8%), from €97,955 to €39,376
of which Other amounts receivable: -€52,016
- Tangible fixed assets -€12,000
down €12,000 (-4.1%), from €289,311 to €277,311
- Reserves +€313,033
up €313,033 (+78.1%), from €400,745 to €713,778
- Tax, wage and social debts -€30,440
down €30,440 (-67.8%), from €44,910 to €14,470
- Other debts -€16,776
down €16,776 (-5.0%), from €335,549 to €318,773
- Advances received +€10,890
new in 2025: €10,890
- Financial income -€155,856
down €155,856 (-36.6%), from €426,175 to €270,319
- Other operating charges -€35,280
down €35,280 (-94.3%), from €37,423 to €2,143
- Taxes -€34,277
down €34,277 (-76.2%), from €44,956 to €10,678
- Depreciation +€1,311
up €1,311 (+12.3%), from €10,689 to €12,000
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 | €782,467 | €1,059,354 | +€276,887 | +35.4% |
| Fixed assets | 21/28 | €613,986 | €601,986 | -€12,000 | -2.0% |
| Tangible fixed assets | 22/27 | €289,311 | €277,311 | -€12,000 | -4.1% |
| Land and buildings | 22 | €289,311 | €277,311 | -€12,000 | -4.1% |
| Financial fixed assets | 28 | €324,675 | €324,675 | = | 0.0% |
| Current assets | 29/58 | €168,481 | €457,368 | +€288,887 | +171.5% |
| Amounts receivable within one year | 40/41 | €97,955 | €39,376 | -€58,580 | -59.8% |
| Trade receivables | 40 | €21,780 | €15,217 | -€6,563 | -30.1% |
| Other amounts receivable | 41 | €76,175 | €24,159 | -€52,016 | -68.3% |
| Cash at bank and in hand | 54/58 | €70,526 | €417,992 | +€347,466 | +492.7% |
| Total equity and liabilities | 10/49 | €782,467 | €1,059,354 | +€276,887 | +35.4% |
| Equity | 10/15 | €401,745 | €714,778 | +€313,033 | +77.9% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €400,745 | €713,778 | +€313,033 | +78.1% |
| Distributable reserves | 133 | €400,745 | €713,778 | +€313,033 | +78.1% |
| Amounts payable | 17/49 | €380,722 | €344,576 | -€36,146 | -9.5% |
| Amounts payable within one year | 42/48 | €380,677 | €344,576 | -€36,101 | -9.5% |
| Trade debts | 44 | €217 | €443 | +€225 | +103.5% |
| Suppliers | 440/4 | €217 | €443 | +€225 | +103.5% |
| Advances received on contracts in progress | 46 | - | €10,890 | +€10,890 | |
| Taxes, remuneration and social security | 45 | €44,910 | €14,470 | -€30,440 | -67.8% |
| Taxes | 450/3 | €44,910 | €14,470 | -€30,440 | -67.8% |
| Other amounts payable | 47/48 | €335,549 | €318,773 | -€16,776 | -5.0% |
| Accrued charges and deferred income | 492/3 | €45 | €0 | -€45 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,689 | €12,000 | +€1,311 | +12.3% |
| Other operating charges | 640/8 | €37,423 | €2,143 | -€35,280 | -94.3% |
| Gross operating margin | 9900 | €67,739 | €67,627 | -€112 | -0.2% |
| Operating profit (loss) | 9901 | €19,628 | €53,483 | +€33,856 | +172.5% |
| Financial income | 75/76B | €426,175 | €270,319 | -€155,856 | -36.6% |
| Recurring financial income | 75 | €426,175 | €270,319 | -€155,856 | -36.6% |
| Financial charges | 65/66B | €102 | €91 | -€11 | -10.7% |
| Recurring financial charges | 65 | €102 | €91 | -€11 | -10.7% |
| Profit (loss) for the period before taxes | 9903 | €445,701 | €323,711 | -€121,990 | -27.4% |
| Income taxes | 67/77 | €44,956 | €10,678 | -€34,277 | -76.2% |
| Profit (loss) for the period | 9904 | €400,745 | €313,033 | -€87,712 | -21.9% |
| Profit (loss) for the period to be appropriated | 9905 | €400,745 | €313,033 | -€87,712 | -21.9% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.