MAES & C°: 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 & C°
Largest movements
- Current investments -€93,710
no longer reported in 2025 (was €93,710)
- Cash +€93,576
up €93,576 (+38.2%), from €244,952 to €338,528
mainly Current investments (+€93,710) and Net result for the year (+€406)
- Profit (loss) carried forward +€15,554
no longer reported in 2025 (was -€15,554)
- Reserves -€15,149
down €15,149 (-6.1%), from €246,700 to €231,551
of which Distributable reserves: -€15,149
- Other operating charges -€443
down €443 (-11.6%), from €3,812 to €3,369
- Financial income +€110
new in 2025: €110
- Gross operating margin +€81
up €81 (+2.2%), from €3,664 to €3,745
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 | €338,662 | €338,528 | -€134 | 0.0% |
| Current assets | 29/58 | €338,662 | €338,528 | -€134 | 0.0% |
| Current investments | 50/53 | €93,710 | - | -€93,710 | |
| Cash at bank and in hand | 54/58 | €244,952 | €338,528 | +€93,576 | +38.2% |
| Total equity and liabilities | 10/49 | €338,662 | €338,528 | -€134 | 0.0% |
| Equity | 10/15 | €293,146 | €293,551 | +€406 | +0.1% |
| 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 | €246,700 | €231,551 | -€15,149 | -6.1% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €240,500 | €225,351 | -€15,149 | -6.3% |
| Profit (loss) carried forward | 14 | -€15,554 | - | +€15,554 | |
| Amounts payable | 17/49 | €45,516 | €44,977 | -€539 | -1.2% |
| Amounts payable within one year | 42/48 | €44,090 | €43,551 | -€539 | -1.2% |
| Other amounts payable | 47/48 | €44,090 | €43,551 | -€539 | -1.2% |
| Accrued charges and deferred income | 492/3 | €1,426 | €1,426 | +€0 | 0.0% |
| Other operating charges | 640/8 | €3,812 | €3,369 | -€443 | -11.6% |
| Gross operating margin | 9900 | €3,664 | €3,745 | +€81 | +2.2% |
| Operating profit (loss) | 9901 | -€148 | €376 | +€524 | |
| Financial income | 75/76B | - | €110 | +€110 | |
| Recurring financial income | 75 | - | €110 | +€110 | |
| Financial charges | 65/66B | €44 | €55 | +€12 | +26.4% |
| Recurring financial charges | 65 | €44 | €55 | +€12 | +26.4% |
| Profit (loss) for the period before taxes | 9903 | -€191 | €431 | +€623 | |
| Income taxes | 67/77 | - | €26 | +€26 | |
| Profit (loss) for the period | 9904 | -€191 | €406 | +€597 | |
| Profit (loss) for the period to be appropriated | 9905 | -€191 | €406 | +€597 |
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 7 October 2026 via checked.be.