MAENE IMMO: 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.
MAENE IMMO
Largest movements
- Cash +€41,679
up €41,679 (+71.2%), from €58,541 to €100,220
mainly Receivables within one year (+€32,436) and Net result for the year (+€17,243)
- Receivables within one year -€32,436
down €32,436 (-15.3%), from €212,670 to €180,234
of which Other amounts receivable: -€17,141
- Tangible fixed assets -€7,843
down €7,843 (-3.5%), from €222,457 to €214,614
- Reserves +€15,243
up €15,243 (+10.3%), from €148,693 to €163,936
of which Distributable reserves: +€15,243
- Tax, wage and social debts -€6,552
down €6,552 (-31.3%), from €20,942 to €14,390
- Other debts -€6,462
down €6,462 (-24.7%), from €26,136 to €19,674
- Gross operating margin -€24,752
down €24,752 (-44.0%), from €56,263 to €31,511
- Taxes -€5,897
down €5,897 (-42.8%), from €13,766 to €7,870
- Financial income +€2,820
up €2,820 (+71.9%), from €3,922 to €6,742
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 | €493,668 | €495,068 | +€1,400 | +0.3% |
| Fixed assets | 21/28 | €222,457 | €214,614 | -€7,843 | -3.5% |
| Tangible fixed assets | 22/27 | €222,457 | €214,614 | -€7,843 | -3.5% |
| Land and buildings | 22 | €222,457 | €214,614 | -€7,843 | -3.5% |
| Current assets | 29/58 | €271,211 | €280,454 | +€9,243 | +3.4% |
| Amounts receivable within one year | 40/41 | €212,670 | €180,234 | -€32,436 | -15.3% |
| Trade receivables | 40 | €29,200 | €13,905 | -€15,295 | -52.4% |
| Other amounts receivable | 41 | €183,470 | €166,329 | -€17,141 | -9.3% |
| Cash at bank and in hand | 54/58 | €58,541 | €100,220 | +€41,679 | +71.2% |
| Total equity and liabilities | 10/49 | €493,668 | €495,068 | +€1,400 | +0.3% |
| Equity | 10/15 | €444,797 | €460,322 | +€15,525 | +3.5% |
| Contributions | 10/11 | €296,000 | €296,000 | = | 0.0% |
| Reserves | 13 | €148,693 | €163,936 | +€15,243 | +10.3% |
| Non-distributable reserves | 130/1 | €8,549 | €8,549 | = | 0.0% |
| Reserves not available under the articles | 1311 | €8,549 | €8,549 | = | 0.0% |
| Distributable reserves | 133 | €140,144 | €155,388 | +€15,243 | +10.9% |
| Profit (loss) carried forward | 14 | €104 | €386 | +€282 | +271% |
| Amounts payable | 17/49 | €48,870 | €34,746 | -€14,125 | -28.9% |
| Amounts payable within one year | 42/48 | €48,870 | €34,746 | -€14,125 | -28.9% |
| Trade debts | 44 | €1,793 | €682 | -€1,111 | -62.0% |
| Suppliers | 440/4 | €1,793 | €682 | -€1,111 | -62.0% |
| Taxes, remuneration and social security | 45 | €20,942 | €14,390 | -€6,552 | -31.3% |
| Taxes | 450/3 | €20,942 | €14,390 | -€6,552 | -31.3% |
| Other amounts payable | 47/48 | €26,136 | €19,674 | -€6,462 | -24.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,843 | €7,843 | = | 0.0% |
| Other operating charges | 640/8 | €5,009 | €5,036 | +€27 | +0.5% |
| Gross operating margin | 9900 | €56,263 | €31,511 | -€24,752 | -44.0% |
| Operating profit (loss) | 9901 | €43,412 | €18,633 | -€24,778 | -57.1% |
| Financial income | 75/76B | €3,922 | €6,742 | +€2,820 | +71.9% |
| Recurring financial income | 75 | €3,922 | €6,742 | +€2,820 | +71.9% |
| Financial charges | 65/66B | €48 | €262 | +€214 | +447% |
| Recurring financial charges | 65 | €48 | €262 | +€214 | +447% |
| Profit (loss) for the period before taxes | 9903 | €47,285 | €25,113 | -€22,173 | -46.9% |
| Income taxes | 67/77 | €13,766 | €7,870 | -€5,897 | -42.8% |
| Profit (loss) for the period | 9904 | €33,519 | €17,243 | -€16,276 | -48.6% |
| Profit (loss) for the period to be appropriated | 9905 | €33,519 | €17,243 | -€16,276 | -48.6% |
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 24 October 2026 via checked.be.