MAES-CORYN: 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.
MAES-CORYN
Largest movements
- Cash +€70,897
up €70,897 (+47.8%), from €148,213 to €219,110
mainly Net result for the year (+€93,786) and Depreciation (+€30,257)
- Receivables within one year +€54,711
up €54,711 (+11.6%), from €473,482 to €528,192
of which Other amounts receivable: +€47,710
- Tangible fixed assets -€21,252
down €21,252 (-13.6%), from €156,819 to €135,567
of which Land and buildings: -€25,249
- Stocks and contracts -€18,000
no longer reported in 2025 (was €18,000)
- Reserves +€93,687
up €93,687 (+8.0%), from €1.2m to €1.3m
of which Distributable reserves: +€94,800
- Tax, wage and social debts -€14,370
down €14,370 (-48.1%), from €29,857 to €15,486
- Financial income -€73,824
down €73,824 (-61.2%), from €120,594 to €46,770
- Gross operating margin +€32,272
up €32,272 (+37.2%), from €86,704 to €118,976
- Other operating charges +€10,091
up €10,091 (+796%), from €1,268 to €11,359
- Staff costs -€7,005
down €7,005 (-92.9%), from €7,540 to €535
- Depreciation -€1,985
down €1,985 (-6.2%), from €32,243 to €30,257
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 | €1,208,833 | €1,294,894 | +€86,061 | +7.1% |
| Fixed assets | 21/28 | €156,869 | €135,617 | -€21,252 | -13.5% |
| Tangible fixed assets | 22/27 | €156,819 | €135,567 | -€21,252 | -13.6% |
| Land and buildings | 22 | €144,503 | €119,254 | -€25,249 | -17.5% |
| Plant, machinery and equipment | 23 | €4,969 | €12,045 | +€7,076 | +142% |
| Furniture and vehicles | 24 | €7,347 | €4,268 | -€3,079 | -41.9% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €1,051,964 | €1,159,277 | +€107,313 | +10.2% |
| Stocks and contracts in progress | 3 | €18,000 | - | -€18,000 | |
| Stocks | 30/36 | €18,000 | - | -€18,000 | |
| Amounts receivable within one year | 40/41 | €473,482 | €528,192 | +€54,711 | +11.6% |
| Trade receivables | 40 | €3,049 | €10,049 | +€7,000 | +230% |
| Other amounts receivable | 41 | €470,433 | €518,143 | +€47,710 | +10.1% |
| Current investments | 50/53 | €410,000 | €410,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €148,213 | €219,110 | +€70,897 | +47.8% |
| Deferred charges and accrued income | 490/1 | €2,270 | €1,975 | -€295 | -13.0% |
| Total equity and liabilities | 10/49 | €1,208,833 | €1,294,894 | +€86,061 | +7.1% |
| Equity | 10/15 | €1,170,741 | €1,264,527 | +€93,786 | +8.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €1,169,085 | €1,262,772 | +€93,687 | +8.0% |
| Tax-exempt reserves | 132 | €5,585 | €4,472 | -€1,113 | -19.9% |
| Distributable reserves | 133 | €1,163,500 | €1,258,300 | +€94,800 | +8.1% |
| Profit (loss) carried forward | 14 | €657 | €756 | +€99 | +15.1% |
| Provisions and deferred taxes | 16 | €1,861 | €1,491 | -€371 | -19.9% |
| Deferred taxes | 168 | €1,861 | €1,491 | -€371 | -19.9% |
| Amounts payable | 17/49 | €36,230 | €28,876 | -€7,354 | -20.3% |
| Amounts payable within one year | 42/48 | €30,439 | €27,302 | -€3,136 | -10.3% |
| Trade debts | 44 | €582 | €11,816 | +€11,234 | +1,930% |
| Suppliers | 440/4 | €582 | €11,816 | +€11,234 | +1,930% |
| Taxes, remuneration and social security | 45 | €29,857 | €15,486 | -€14,370 | -48.1% |
| Taxes | 450/3 | €29,857 | €15,486 | -€14,370 | -48.1% |
| Accrued charges and deferred income | 492/3 | €5,792 | €1,574 | -€4,218 | -72.8% |
| Non-recurring operating income | 76A | - | €4,699 | +€4,699 | |
| Remuneration, social security and pensions | 62 | €7,540 | €535 | -€7,005 | -92.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,243 | €30,257 | -€1,985 | -6.2% |
| Other operating charges | 640/8 | €1,268 | €11,359 | +€10,091 | +796% |
| Gross operating margin | 9900 | €86,704 | €118,976 | +€32,272 | +37.2% |
| Operating profit (loss) | 9901 | €45,653 | €76,825 | +€31,172 | +68.3% |
| Financial income | 75/76B | €120,594 | €46,770 | -€73,824 | -61.2% |
| Recurring financial income | 75 | €120,594 | €46,770 | -€73,824 | -61.2% |
| Financial charges | 65/66B | €844 | €860 | +€16 | +1.8% |
| Recurring financial charges | 65 | €844 | €860 | +€16 | +1.8% |
| Profit (loss) for the period before taxes | 9903 | €165,402 | €122,735 | -€42,667 | -25.8% |
| Transfer from deferred taxes | 780 | €371 | €371 | = | 0.0% |
| Income taxes | 67/77 | €29,523 | €29,320 | -€204 | -0.7% |
| Profit (loss) for the period | 9904 | €136,250 | €93,786 | -€42,464 | -31.2% |
| Transfer from tax-exempt reserves | 789 | €1,113 | €1,113 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €137,363 | €94,899 | -€42,464 | -30.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.