Maerevoet Management: 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.
Maerevoet Management
Largest movements
- Cash -€21,097
down €21,097 (-98.2%), from €21,474 to €377
mainly Other debts (-€67,104) and Receivables within one year (-€13,534)
- Tangible fixed assets -€18,427
down €18,427 (-24.9%), from €73,862 to €55,435
of which Furniture and vehicles: -€17,477
- Receivables within one year +€13,534
up €13,534 (+45.7%), from €29,640 to €43,174
of which Trade receivables: +€22,534
- Deferred charges and accrued income -€3,799
down €3,799 (-69.2%), from €5,488 to €1,689
- Other debts -€67,104
down €67,104 (-66.5%), from €100,914 to €33,810
- Reserves +€38,287
new in 2025: €38,287
- Trade debts -€5,181
down €5,181 (-74.3%), from €6,972 to €1,791
- Profit (loss) carried forward +€3,404
up €3,404, from -€3,404 to €0
- Staff costs -€62,078
down €62,078 (-65.3%), from €95,076 to €32,998
- Taxes +€23,814
up €23,814 (+985%), from €2,419 to €26,233
- Gross operating margin +€5,729
up €5,729 (+5.0%), from €114,313 to €120,042
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 | €130,464 | €100,675 | -€29,789 | -22.8% |
| Fixed assets | 21/28 | €73,862 | €55,435 | -€18,427 | -24.9% |
| Tangible fixed assets | 22/27 | €73,862 | €55,435 | -€18,427 | -24.9% |
| Plant, machinery and equipment | 23 | €3,976 | €3,025 | -€950 | -23.9% |
| Furniture and vehicles | 24 | €69,887 | €52,410 | -€17,477 | -25.0% |
| Current assets | 29/58 | €56,601 | €45,240 | -€11,362 | -20.1% |
| Amounts receivable within one year | 40/41 | €29,640 | €43,174 | +€13,534 | +45.7% |
| Trade receivables | 40 | €20,059 | €42,593 | +€22,534 | +112% |
| Other amounts receivable | 41 | €9,581 | €581 | -€9,000 | -93.9% |
| Cash at bank and in hand | 54/58 | €21,474 | €377 | -€21,097 | -98.2% |
| Deferred charges and accrued income | 490/1 | €5,488 | €1,689 | -€3,799 | -69.2% |
| Total equity and liabilities | 10/49 | €130,464 | €100,675 | -€29,789 | -22.8% |
| Equity | 10/15 | €196 | €41,887 | +€41,691 | +21,295% |
| Contributions | 10/11 | €3,600 | €3,600 | = | 0.0% |
| Reserves | 13 | - | €38,287 | +€38,287 | |
| Distributable reserves | 133 | - | €38,287 | +€38,287 | |
| Profit (loss) carried forward | 14 | -€3,404 | €0 | +€3,404 | |
| Amounts payable | 17/49 | €130,268 | €58,788 | -€71,480 | -54.9% |
| Amounts payable within one year | 42/48 | €130,268 | €58,788 | -€71,480 | -54.9% |
| Trade debts | 44 | €6,972 | €1,791 | -€5,181 | -74.3% |
| Suppliers | 440/4 | €6,972 | €1,791 | -€5,181 | -74.3% |
| Taxes, remuneration and social security | 45 | €22,381 | €23,186 | +€805 | +3.6% |
| Taxes | 450/3 | €7,800 | €15,240 | +€7,440 | +95.4% |
| Remuneration and social security | 454/9 | €14,581 | €7,946 | -€6,635 | -45.5% |
| Other amounts payable | 47/48 | €100,914 | €33,810 | -€67,104 | -66.5% |
| Remuneration, social security and pensions | 62 | €95,076 | €32,998 | -€62,078 | -65.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,132 | €18,427 | -€705 | -3.7% |
| Other operating charges | 640/8 | €989 | €638 | -€351 | -35.5% |
| Gross operating margin | 9900 | €114,313 | €120,042 | +€5,729 | +5.0% |
| Operating profit (loss) | 9901 | -€885 | €67,979 | +€68,864 | |
| Financial income | 75/76B | €1 | €0 | -€0 | -98.0% |
| Recurring financial income | 75 | €1 | €0 | -€0 | -98.0% |
| Financial charges | 65/66B | €101 | €54 | -€47 | -46.5% |
| Recurring financial charges | 65 | €101 | €54 | -€47 | -46.5% |
| Profit (loss) for the period before taxes | 9903 | -€985 | €67,925 | +€68,910 | |
| Income taxes | 67/77 | €2,419 | €26,233 | +€23,814 | +985% |
| Profit (loss) for the period | 9904 | -€3,404 | €41,691 | +€45,096 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,404 | €41,691 | +€45,096 |
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.