MAEN IT: 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.
MAEN IT
Largest movements
- Receivables within one year +€61,910
up €61,910 (+335.4%), from €18,457 to €80,367
of which Other amounts receivable: +€80,000
- Cash -€9,672
down €9,672 (-11.9%), from €81,164 to €71,492
mainly Receivables within one year (-€61,910) and Investment in fixed assets (net) (-€3,882)
- Tangible fixed assets +€1,746
up €1,746 (+78.5%), from €2,225 to €3,971
- Profit (loss) carried forward +€36,108
up €36,108 (+47.2%), from €76,554 to €112,662
- Tax, wage and social debts +€19,869
up €19,869 (+112.5%), from €17,662 to €37,531
of which Taxes: +€17,269
- Trade debts -€1,904
down €1,904 (-48.5%), from €3,931 to €2,026
- Gross operating margin -€3,218
down €3,218 (-6.0%), from €53,606 to €50,387
- Taxes -€930
down €930 (-8.5%), from €10,880 to €9,950
- Depreciation +€686
up €686 (+47.3%), from €1,451 to €2,136
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 | €102,172 | €156,330 | +€54,157 | +53.0% |
| Fixed assets | 21/28 | €2,225 | €3,971 | +€1,746 | +78.5% |
| Tangible fixed assets | 22/27 | €2,225 | €3,971 | +€1,746 | +78.5% |
| Furniture and vehicles | 24 | €2,225 | €3,971 | +€1,746 | +78.5% |
| Current assets | 29/58 | €99,947 | €152,359 | +€52,412 | +52.4% |
| Amounts receivable within one year | 40/41 | €18,457 | €80,367 | +€61,910 | +335.4% |
| Trade receivables | 40 | €18,457 | €367 | -€18,090 | -98.0% |
| Other amounts receivable | 41 | - | €80,000 | +€80,000 | |
| Cash at bank and in hand | 54/58 | €81,164 | €71,492 | -€9,672 | -11.9% |
| Deferred charges and accrued income | 490/1 | €327 | €500 | +€173 | +52.9% |
| Total equity and liabilities | 10/49 | €102,172 | €156,330 | +€54,157 | +53.0% |
| Equity | 10/15 | €80,554 | €116,662 | +€36,108 | +44.8% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €76,554 | €112,662 | +€36,108 | +47.2% |
| Amounts payable | 17/49 | €21,618 | €39,668 | +€18,049 | +83.5% |
| Amounts payable within one year | 42/48 | €21,618 | €39,668 | +€18,049 | +83.5% |
| Trade debts | 44 | €3,931 | €2,026 | -€1,904 | -48.5% |
| Suppliers | 440/4 | €3,931 | €2,026 | -€1,904 | -48.5% |
| Taxes, remuneration and social security | 45 | €17,662 | €37,531 | +€19,869 | +112.5% |
| Taxes | 450/3 | €17,662 | €34,931 | +€17,269 | +97.8% |
| Remuneration and social security | 454/9 | - | €2,600 | +€2,600 | |
| Other amounts payable | 47/48 | €26 | €110 | +€85 | +328.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,451 | €2,136 | +€686 | +47.3% |
| Other operating charges | 640/8 | €2,276 | €1,844 | -€433 | -19.0% |
| Non-recurring operating charges | 66A | - | €117 | +€117 | |
| Gross operating margin | 9900 | €53,606 | €50,387 | -€3,218 | -6.0% |
| Operating profit (loss) | 9901 | €49,879 | €46,291 | -€3,588 | -7.2% |
| Financial income | 75/76B | €315 | €0 | -€315 | -99.9% |
| Recurring financial income | 75 | €315 | €0 | -€315 | -99.9% |
| Financial charges | 65/66B | €65 | €233 | +€168 | +260.0% |
| Recurring financial charges | 65 | €65 | €233 | +€168 | +260.0% |
| Profit (loss) for the period before taxes | 9903 | €50,129 | €46,058 | -€4,071 | -8.1% |
| Income taxes | 67/77 | €10,880 | €9,950 | -€930 | -8.5% |
| Profit (loss) for the period | 9904 | €39,249 | €36,108 | -€3,141 | -8.0% |
| Profit (loss) for the period to be appropriated | 9905 | €39,249 | €36,108 | -€3,141 | -8.0% |
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 3 October 2026 via checked.be.