MAELEC Services: 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.
MAELEC Services
Largest movements
- Tangible fixed assets -€19,445
down €19,445 (-33.7%), from €57,616 to €38,171
- Stocks and contracts +€9,783
new in 2025: €9,783
- Receivables within one year -€3,191
down €3,191 (-32.3%), from €9,892 to €6,701
of which Other amounts receivable: -€3,654
- Debts after one year -€9,824
down €9,824 (-32.2%), from €30,503 to €20,679
- Trade debts -€5,801
down €5,801 (-76.6%), from €7,575 to €1,774
- Profit (loss) carried forward +€2,833
up €2,833 (+7.1%), from €40,068 to €42,901
- Depreciation +€16,717
up €16,717 (+612.8%), from €2,728 to €19,445
- Taxes -€5,393
down €5,393 (-82.0%), from €6,579 to €1,186
- Gross operating margin -€3,941
down €3,941 (-13.7%), from €28,799 to €24,858
- Financial charges +€1,179
up €1,179 (+376.7%), from €313 to €1,492
- Staff costs -€466
no longer reported in 2025 (was €466)
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 | €94,487 | €81,216 | -€13,271 | -14.0% |
| Fixed assets | 21/28 | €57,616 | €38,171 | -€19,445 | -33.7% |
| Tangible fixed assets | 22/27 | €57,616 | €38,171 | -€19,445 | -33.7% |
| Furniture and vehicles | 24 | €57,616 | €38,171 | -€19,445 | -33.7% |
| Current assets | 29/58 | €36,871 | €43,045 | +€6,174 | +16.7% |
| Stocks and contracts in progress | 3 | - | €9,783 | +€9,783 | |
| Stocks | 30/36 | - | €9,783 | +€9,783 | |
| Amounts receivable within one year | 40/41 | €9,892 | €6,701 | -€3,191 | -32.3% |
| Trade receivables | 40 | - | €463 | +€463 | |
| Other amounts receivable | 41 | €9,892 | €6,238 | -€3,654 | -36.9% |
| Cash at bank and in hand | 54/58 | €25,241 | €24,797 | -€444 | -1.8% |
| Deferred charges and accrued income | 490/1 | €1,738 | €1,764 | +€26 | +1.5% |
| Total equity and liabilities | 10/49 | €94,487 | €81,216 | -€13,271 | -14.0% |
| Equity | 10/15 | €41,068 | €43,901 | +€2,833 | +6.9% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €40,068 | €42,901 | +€2,833 | +7.1% |
| Amounts payable | 17/49 | €53,419 | €37,315 | -€16,104 | -30.1% |
| Amounts payable after more than one year | 17 | €30,503 | €20,679 | -€9,824 | -32.2% |
| Financial debts | 170/4 | €30,503 | €20,679 | -€9,824 | -32.2% |
| Amounts payable within one year | 42/48 | €22,916 | €16,636 | -€6,280 | -27.4% |
| Current portion of amounts payable after more than one year | 42 | €9,497 | €9,825 | +€328 | +3.5% |
| Trade debts | 44 | €7,575 | €1,774 | -€5,801 | -76.6% |
| Suppliers | 440/4 | €7,575 | €1,774 | -€5,801 | -76.6% |
| Other amounts payable | 47/48 | €5,844 | €5,037 | -€807 | -13.8% |
| Remuneration, social security and pensions | 62 | €466 | - | -€466 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,728 | €19,445 | +€16,717 | +612.8% |
| Gross operating margin | 9900 | €28,799 | €24,858 | -€3,941 | -13.7% |
| Operating profit (loss) | 9901 | €25,605 | €5,413 | -€20,192 | -78.9% |
| Financial income | 75/76B | €353 | €98 | -€255 | -72.2% |
| Recurring financial income | 75 | €353 | €98 | -€255 | -72.2% |
| Financial charges | 65/66B | €313 | €1,492 | +€1,179 | +376.7% |
| Recurring financial charges | 65 | €313 | €1,492 | +€1,179 | +376.7% |
| Profit (loss) for the period before taxes | 9903 | €25,645 | €4,019 | -€21,626 | -84.3% |
| Income taxes | 67/77 | €6,579 | €1,186 | -€5,393 | -82.0% |
| Profit (loss) for the period | 9904 | €19,066 | €2,833 | -€16,233 | -85.1% |
| Profit (loss) for the period to be appropriated | 9905 | €19,066 | €2,833 | -€16,233 | -85.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.