MAES FLEET MAINTENANCE: 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 FLEET MAINTENANCE
Largest movements
- Tangible fixed assets -€16,348
down €16,348 (-31.7%), from €51,632 to €35,285
of which Furniture and vehicles: -€17,981
- Cash -€6,110
down €6,110 (-11.0%), from €55,518 to €49,408
mainly Contributions, distributions and other (-€54,000) and Other debts (-€6,000)
- Reserves -€19,000
down €19,000 (-35.2%), from €54,000 to €35,000
- Other debts -€6,000
down €6,000 (-18.8%), from €31,933 to €25,933
- Gross operating margin +€6,506
up €6,506 (+11.0%), from €59,288 to €65,794
- Taxes +€1,241
up €1,241 (+14.3%), from €8,659 to €9,901
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 | €113,725 | €91,067 | -€22,658 | -19.9% |
| Fixed assets | 21/28 | €51,632 | €35,285 | -€16,348 | -31.7% |
| Tangible fixed assets | 22/27 | €51,632 | €35,285 | -€16,348 | -31.7% |
| Plant, machinery and equipment | 23 | - | €2,064 | +€2,064 | |
| Furniture and vehicles | 24 | €50,839 | €32,858 | -€17,981 | -35.4% |
| Other tangible fixed assets | 26 | €793 | €362 | -€431 | -54.4% |
| Current assets | 29/58 | €62,093 | €55,783 | -€6,310 | -10.2% |
| Amounts receivable within one year | 40/41 | €3,151 | €2,682 | -€469 | -14.9% |
| Trade receivables | 40 | €199 | €1,241 | +€1,042 | +524% |
| Other amounts receivable | 41 | €2,952 | €1,440 | -€1,512 | -51.2% |
| Cash at bank and in hand | 54/58 | €55,518 | €49,408 | -€6,110 | -11.0% |
| Deferred charges and accrued income | 490/1 | €3,424 | €3,693 | +€270 | +7.9% |
| Total equity and liabilities | 10/49 | €113,725 | €91,067 | -€22,658 | -19.9% |
| Equity | 10/15 | €75,033 | €57,093 | -€17,941 | -23.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €54,000 | €35,000 | -€19,000 | -35.2% |
| Distributable reserves | 133 | €54,000 | €35,000 | -€19,000 | -35.2% |
| Profit (loss) carried forward | 14 | €2,433 | €3,493 | +€1,059 | +43.5% |
| Amounts payable | 17/49 | €38,692 | €33,974 | -€4,717 | -12.2% |
| Amounts payable within one year | 42/48 | €38,617 | €33,899 | -€4,717 | -12.2% |
| Trade debts | 44 | €725 | €1,676 | +€951 | +131% |
| Suppliers | 440/4 | €725 | €1,676 | +€951 | +131% |
| Taxes, remuneration and social security | 45 | €5,958 | €6,290 | +€332 | +5.6% |
| Taxes | 450/3 | €2,653 | €2,959 | +€306 | +11.5% |
| Remuneration and social security | 454/9 | €3,305 | €3,331 | +€26 | +0.8% |
| Other amounts payable | 47/48 | €31,933 | €25,933 | -€6,000 | -18.8% |
| Accrued charges and deferred income | 492/3 | €75 | €75 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,670 | €18,726 | +€56 | +0.3% |
| Other operating charges | 640/8 | €870 | €1,067 | +€197 | +22.7% |
| Gross operating margin | 9900 | €59,288 | €65,794 | +€6,506 | +11.0% |
| Operating profit (loss) | 9901 | €39,748 | €46,000 | +€6,253 | +15.7% |
| Financial income | 75/76B | €1 | €0 | -€1 | -100% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -100% |
| Financial charges | 65/66B | €39 | €40 | +€1 | +3.5% |
| Recurring financial charges | 65 | €39 | €40 | +€1 | +3.5% |
| Profit (loss) for the period before taxes | 9903 | €39,710 | €45,960 | +€6,250 | +15.7% |
| Income taxes | 67/77 | €8,659 | €9,901 | +€1,241 | +14.3% |
| Profit (loss) for the period | 9904 | €31,050 | €36,059 | +€5,009 | +16.1% |
| Profit (loss) for the period to be appropriated | 9905 | €31,050 | €36,059 | +€5,009 | +16.1% |
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 24 October 2026 via checked.be.