MAENHOUT INVEST: 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.
MAENHOUT INVEST
Largest movements
- Cash -€13,325
down €13,325 (-24.4%), from €54,694 to €41,369
mainly Contributions, distributions and other (-€37,660) and Net result for the year (-€16,253)
- Tangible fixed assets -€4,062
down €4,062 (-19.6%), from €20,714 to €16,652
of which Other tangible fixed assets: -€3,387
- Receivables within one year -€3,417
down €3,417 (-45.4%), from €7,531 to €4,114
- Deferred charges and accrued income +€2,515
up €2,515 (+29.2%), from €8,616 to €11,131
- Other debts +€37,874
up €37,874 (+872%), from €4,344 to €42,218
- Reserves -€37,660
down €37,660 (-22.5%), from €167,105 to €129,445
- Profit (loss) carried forward -€16,253
down €16,253 (-55.6%), from -€29,208 to -€45,461
- Gross operating margin -€25,729
down €25,729, from €14,890 to -€10,839
- Financial charges -€482
down €482 (-16.8%), from €2,862 to €2,380
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 | €166,654 | €149,366 | -€17,289 | -10.4% |
| Fixed assets | 21/28 | €20,814 | €16,752 | -€4,062 | -19.5% |
| Tangible fixed assets | 22/27 | €20,714 | €16,652 | -€4,062 | -19.6% |
| Furniture and vehicles | 24 | €2,342 | €1,666 | -€676 | -28.8% |
| Other tangible fixed assets | 26 | €18,372 | €14,985 | -€3,387 | -18.4% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €145,841 | €132,614 | -€13,226 | -9.1% |
| Amounts receivable after more than one year | 29 | €75,000 | €75,000 | = | 0.0% |
| Other amounts receivable | 291 | €75,000 | €75,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €7,531 | €4,114 | -€3,417 | -45.4% |
| Trade receivables | 40 | €7,531 | €4,114 | -€3,417 | -45.4% |
| Current investments | 50/53 | - | €1,000 | +€1,000 | |
| Cash at bank and in hand | 54/58 | €54,694 | €41,369 | -€13,325 | -24.4% |
| Deferred charges and accrued income | 490/1 | €8,616 | €11,131 | +€2,515 | +29.2% |
| Total equity and liabilities | 10/49 | €166,654 | €149,366 | -€17,289 | -10.4% |
| Equity | 10/15 | €156,497 | €102,584 | -€53,913 | -34.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €167,105 | €129,445 | -€37,660 | -22.5% |
| Distributable reserves | 133 | €167,105 | €129,445 | -€37,660 | -22.5% |
| Profit (loss) carried forward | 14 | -€29,208 | -€45,461 | -€16,253 | -55.6% |
| Amounts payable | 17/49 | €10,157 | €46,782 | +€36,624 | +361% |
| Amounts payable within one year | 42/48 | €9,644 | €46,160 | +€36,516 | +379% |
| Trade debts | 44 | €1,042 | €1,016 | -€26 | -2.5% |
| Suppliers | 440/4 | €1,042 | €1,016 | -€26 | -2.5% |
| Taxes, remuneration and social security | 45 | €4,258 | €2,927 | -€1,332 | -31.3% |
| Taxes | 450/3 | €2,488 | €2,927 | +€438 | +17.6% |
| Remuneration and social security | 454/9 | €1,770 | €0 | -€1,770 | -100% |
| Other amounts payable | 47/48 | €4,344 | €42,218 | +€37,874 | +872% |
| Accrued charges and deferred income | 492/3 | €513 | €622 | +€108 | +21.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,062 | €4,062 | = | 0.0% |
| Other operating charges | 640/8 | €513 | €526 | +€12 | +2.4% |
| Gross operating margin | 9900 | €14,890 | -€10,839 | -€25,729 | |
| Operating profit (loss) | 9901 | €10,314 | -€15,427 | -€25,741 | |
| Financial income | 75/76B | €1,959 | €1,858 | -€101 | -5.1% |
| Recurring financial income | 75 | €1,959 | €1,858 | -€101 | -5.1% |
| Financial charges | 65/66B | €2,862 | €2,380 | -€482 | -16.8% |
| Recurring financial charges | 65 | €2,862 | €2,380 | -€482 | -16.8% |
| Profit (loss) for the period before taxes | 9903 | €9,411 | -€15,949 | -€25,360 | |
| Income taxes | 67/77 | €336 | €304 | -€32 | -9.4% |
| Profit (loss) for the period | 9904 | €9,075 | -€16,253 | -€25,329 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,075 | -€16,253 | -€25,329 |
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 30 October 2026 via checked.be.