MAELYNE: 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.
MAELYNE
Largest movements
- Tangible fixed assets -€17,526
down €17,526 (-19.6%), from €89,429 to €71,902
of which Furniture and vehicles: -€11,997
- Cash -€13,717
down €13,717 (-80.6%), from €17,015 to €3,298
mainly Debts after one year (-€13,504) and Contributions, distributions and other (-€6,000)
- Receivables within one year +€3,476
up €3,476 (+31.9%), from €10,881 to €14,357
of which Trade receivables: +€3,609
- Debts after one year -€13,504
down €13,504 (-38.7%), from €34,909 to €21,405
- Profit (loss) carried forward -€8,147
down €8,147 (-16.2%), from €50,344 to €42,197
- Current portion of long-term debt -€3,726
down €3,726 (-21.3%), from €17,458 to €13,732
- Tax, wage and social debts -€1,902
down €1,902 (-41.6%), from €4,570 to €2,668
- Gross operating margin -€16,972
down €16,972 (-46.6%), from €36,421 to €19,449
- Taxes -€3,439
down €3,439 (-76.6%), from €4,491 to €1,051
- Depreciation -€889
down €889 (-4.8%), from €18,415 to €17,526
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 | €117,365 | €89,597 | -€27,767 | -23.7% |
| Fixed assets | 21/28 | €89,469 | €71,942 | -€17,526 | -19.6% |
| Tangible fixed assets | 22/27 | €89,429 | €71,902 | -€17,526 | -19.6% |
| Land and buildings | 22 | €23,760 | €21,882 | -€1,878 | -7.9% |
| Plant, machinery and equipment | 23 | €3,213 | €2,284 | -€929 | -28.9% |
| Furniture and vehicles | 24 | €47,325 | €35,328 | -€11,997 | -25.3% |
| Other tangible fixed assets | 26 | €15,131 | €12,408 | -€2,723 | -18.0% |
| Financial fixed assets | 28 | €40 | €40 | = | 0.0% |
| Current assets | 29/58 | €27,896 | €17,655 | -€10,241 | -36.7% |
| Amounts receivable within one year | 40/41 | €10,881 | €14,357 | +€3,476 | +31.9% |
| Trade receivables | 40 | €7,094 | €10,703 | +€3,609 | +50.9% |
| Other amounts receivable | 41 | €3,787 | €3,653 | -€134 | -3.5% |
| Cash at bank and in hand | 54/58 | €17,015 | €3,298 | -€13,717 | -80.6% |
| Total equity and liabilities | 10/49 | €117,365 | €89,597 | -€27,767 | -23.7% |
| Equity | 10/15 | €58,138 | €49,990 | -€8,147 | -14.0% |
| Contributions | 10/11 | €7,247 | €7,247 | = | 0.0% |
| Reserves | 13 | €546 | €546 | = | 0.0% |
| Distributable reserves | 133 | €546 | €546 | = | 0.0% |
| Profit (loss) carried forward | 14 | €50,344 | €42,197 | -€8,147 | -16.2% |
| Amounts payable | 17/49 | €59,227 | €39,607 | -€19,620 | -33.1% |
| Amounts payable after more than one year | 17 | €34,909 | €21,405 | -€13,504 | -38.7% |
| Financial debts | 170/4 | €34,909 | €21,405 | -€13,504 | -38.7% |
| Amounts payable within one year | 42/48 | €24,318 | €18,202 | -€6,116 | -25.2% |
| Current portion of amounts payable after more than one year | 42 | €17,458 | €13,732 | -€3,726 | -21.3% |
| Trade debts | 44 | €2,120 | €1,801 | -€319 | -15.0% |
| Suppliers | 440/4 | €2,120 | €1,801 | -€319 | -15.0% |
| Taxes, remuneration and social security | 45 | €4,570 | €2,668 | -€1,902 | -41.6% |
| Taxes | 450/3 | €4,570 | €2,668 | -€1,902 | -41.6% |
| Other amounts payable | 47/48 | €169 | - | -€169 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,415 | €17,526 | -€889 | -4.8% |
| Other operating charges | 640/8 | €1,300 | €1,055 | -€245 | -18.8% |
| Gross operating margin | 9900 | €36,421 | €19,449 | -€16,972 | -46.6% |
| Operating profit (loss) | 9901 | €16,706 | €868 | -€15,838 | -94.8% |
| Financial income | 75/76B | €3 | €50 | +€47 | +1564.3% |
| Recurring financial income | 75 | €3 | €50 | +€47 | +1564.3% |
| Financial charges | 65/66B | €2,342 | €2,014 | -€328 | -14.0% |
| Recurring financial charges | 65 | €2,342 | €2,014 | -€328 | -14.0% |
| Profit (loss) for the period before taxes | 9903 | €14,367 | -€1,096 | -€15,463 | |
| Income taxes | 67/77 | €4,491 | €1,051 | -€3,439 | -76.6% |
| Profit (loss) for the period | 9904 | €9,876 | -€2,147 | -€12,023 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,876 | -€2,147 | -€12,023 |
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 10 October 2026 via checked.be.