Maes IT Consultancy: 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 IT Consultancy
Largest movements
- Tangible fixed assets +€105,926
up €105,926 (+1,489%), from €7,112 to €113,038
of which Furniture and vehicles: +€106,125
- Cash -€45,934
down €45,934 (-49.6%), from €92,517 to €46,583
mainly Investment in fixed assets (net) (-€111,015) and Other debts (-€38,818)
- Receivables within one year +€15,020
up €15,020 (+89.4%), from €16,801 to €31,821
of which Other amounts receivable: +€18,141
- Deferred charges and accrued income +€2,000
up €2,000, from €0 to €2,000
- Reserves +€84,783
up €84,783 (+193%), from €43,934 to €128,718
- Other debts -€38,818
down €38,818 (-99.9%), from €38,863 to €45
- Debts after one year +€20,320
new in 2025: €20,320
- Current portion of long-term debt +€9,680
new in 2025: €9,680
- Gross operating margin +€24,603
up €24,603 (+27.4%), from €89,663 to €114,266
- Taxes +€5,732
up €5,732 (+33.0%), from €17,355 to €23,088
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 | €116,430 | €193,442 | +€77,013 | +66.1% |
| Fixed assets | 21/28 | €7,112 | €113,038 | +€105,926 | +1,489% |
| Tangible fixed assets | 22/27 | €7,112 | €113,038 | +€105,926 | +1,489% |
| Plant, machinery and equipment | 23 | €789 | €590 | -€199 | -25.2% |
| Furniture and vehicles | 24 | €6,323 | €112,448 | +€106,125 | +1,678% |
| Current assets | 29/58 | €109,317 | €80,404 | -€28,913 | -26.4% |
| Amounts receivable within one year | 40/41 | €16,801 | €31,821 | +€15,020 | +89.4% |
| Trade receivables | 40 | €16,771 | €13,650 | -€3,121 | -18.6% |
| Other amounts receivable | 41 | €30 | €18,171 | +€18,141 | +60,030% |
| Cash at bank and in hand | 54/58 | €92,517 | €46,583 | -€45,934 | -49.6% |
| Deferred charges and accrued income | 490/1 | €0 | €2,000 | +€2,000 | |
| Total equity and liabilities | 10/49 | €116,430 | €193,442 | +€77,013 | +66.1% |
| Equity | 10/15 | €62,534 | €147,318 | +€84,783 | +136% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €43,934 | €128,718 | +€84,783 | +193% |
| Distributable reserves | 133 | €43,934 | €128,718 | +€84,783 | +193% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €53,895 | €46,125 | -€7,771 | -14.4% |
| Amounts payable after more than one year | 17 | - | €20,320 | +€20,320 | |
| Financial debts | 170/4 | - | €20,320 | +€20,320 | |
| Amounts payable within one year | 42/48 | €53,895 | €25,655 | -€28,240 | -52.4% |
| Current portion of amounts payable after more than one year | 42 | - | €9,680 | +€9,680 | |
| Trade debts | 44 | €569 | €214 | -€355 | -62.4% |
| Suppliers | 440/4 | €569 | €214 | -€355 | -62.4% |
| Taxes, remuneration and social security | 45 | €14,463 | €15,715 | +€1,252 | +8.7% |
| Taxes | 450/3 | €14,463 | €15,715 | +€1,252 | +8.7% |
| Other amounts payable | 47/48 | €38,863 | €45 | -€38,818 | -99.9% |
| Accrued charges and deferred income | 492/3 | - | €150 | +€150 | |
| Remuneration, social security and pensions | 62 | €135 | €0 | -€135 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,529 | €5,089 | -€440 | -8.0% |
| Other operating charges | 640/8 | €1,588 | €1,047 | -€541 | -34.1% |
| Gross operating margin | 9900 | €89,663 | €114,266 | +€24,603 | +27.4% |
| Operating profit (loss) | 9901 | €82,412 | €108,130 | +€25,719 | +31.2% |
| Financial income | 75/76B | €0 | €2 | +€2 | +3,000% |
| Recurring financial income | 75 | €0 | €2 | +€2 | +3,000% |
| Financial charges | 65/66B | €50 | €260 | +€210 | +420% |
| Recurring financial charges | 65 | €50 | €260 | +€210 | +420% |
| Profit (loss) for the period before taxes | 9903 | €82,362 | €107,871 | +€25,510 | +31.0% |
| Income taxes | 67/77 | €17,355 | €23,088 | +€5,732 | +33.0% |
| Profit (loss) for the period | 9904 | €65,006 | €84,783 | +€19,777 | +30.4% |
| Profit (loss) for the period to be appropriated | 9905 | €65,006 | €84,783 | +€19,777 | +30.4% |
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 22 October 2026 via checked.be.