Maes: 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.
Maes
Largest movements
- Tangible fixed assets -€28,519
down €28,519 (-10.1%), from €281,789 to €253,270
of which Land and buildings: -€31,254
- Cash -€6,350
down €6,350 (-22.1%), from €28,796 to €22,446
mainly Other debts (-€20,400) and Net result for the year (-€14,586)
- Other debts -€20,400
down €20,400 (-9.2%), from €222,688 to €202,288
- Profit (loss) carried forward -€14,586
new in 2023: -€14,586
- Gross operating margin -€3,372
down €3,372 (-19.5%), from €17,306 to €13,934
- Other operating charges -€2,487
no longer reported in 2023 (was €2,487)
- Depreciation -€1,137
down €1,137 (-3.8%), from €29,656 to €28,519
- Financial charges -€250
no longer reported in 2023 (was €250)
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €311,080 | €276,095 | -€34,986 | -11.2% |
| Fixed assets | 21/28 | €281,789 | €253,270 | -€28,519 | -10.1% |
| Tangible fixed assets | 22/27 | €281,789 | €253,270 | -€28,519 | -10.1% |
| Land and buildings | 22 | €266,697 | €235,443 | -€31,254 | -11.7% |
| Plant, machinery and equipment | 23 | €15,092 | €17,827 | +€2,735 | +18.1% |
| Current assets | 29/58 | €29,291 | €22,825 | -€6,466 | -22.1% |
| Amounts receivable within one year | 40/41 | €116 | - | -€116 | |
| Trade receivables | 40 | €116 | - | -€116 | |
| Cash at bank and in hand | 54/58 | €28,796 | €22,446 | -€6,350 | -22.1% |
| Deferred charges and accrued income | 490/1 | €379 | €379 | = | 0.0% |
| Total equity and liabilities | 10/49 | €311,080 | €276,095 | -€34,986 | -11.2% |
| Equity | 10/15 | €88,393 | €73,807 | -€14,586 | -16.5% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €26,393 | €26,393 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €14,874 | €14,874 | = | 0.0% |
| Distributable reserves | 133 | €5,319 | €5,319 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€14,586 | -€14,586 | |
| Amounts payable | 17/49 | €222,688 | €202,288 | -€20,400 | -9.2% |
| Amounts payable within one year | 42/48 | €222,688 | €202,288 | -€20,400 | -9.2% |
| Other amounts payable | 47/48 | €222,688 | €202,288 | -€20,400 | -9.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,656 | €28,519 | -€1,137 | -3.8% |
| Other operating charges | 640/8 | €2,487 | - | -€2,487 | |
| Gross operating margin | 9900 | €17,306 | €13,934 | -€3,372 | -19.5% |
| Operating profit (loss) | 9901 | -€14,838 | -€14,586 | +€252 | +1.7% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €250 | - | -€250 | |
| Recurring financial charges | 65 | €250 | - | -€250 | |
| Profit (loss) for the period before taxes | 9903 | -€15,088 | -€14,586 | +€502 | +3.3% |
| Income taxes | 67/77 | €132 | - | -€132 | |
| Profit (loss) for the period | 9904 | -€15,219 | -€14,586 | +€634 | +4.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,219 | -€14,586 | +€634 | +4.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.