MAES KEVIN: 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 KEVIN
Largest movements
- Receivables within one year +€7,431
up €7,431 (+42.5%), from €17,465 to €24,896
of which Trade receivables: +€10,872
- Tangible fixed assets -€3,380
down €3,380 (-28.1%), from €12,049 to €8,669
- Stocks and contracts -€2,857
down €2,857 (-1.5%), from €194,542 to €191,685
- Reserves +€21,603
up €21,603 (+24.0%), from €90,070 to €111,672
of which Distributable reserves: +€23,463
- Other debts -€14,192
down €14,192 (-22.5%), from €63,100 to €48,908
- Debts after one year -€6,671
down €6,671 (-67.5%), from €9,879 to €3,208
- Trade debts +€5,836
up €5,836 (+240%), from €2,435 to €8,270
- Tax, wage and social debts -€4,442
down €4,442 (-21.0%), from €21,175 to €16,733
of which Taxes: -€7,449
- Gross operating margin -€17,582
down €17,582 (-32.1%), from €54,787 to €37,205
- Taxes -€9,559
down €9,559 (-100%), from €9,559 to €0
- Other operating charges -€8,974
down €8,974 (-75.5%), from €11,878 to €2,904
- Financial charges +€3,624
up €3,624 (+101%), from €3,593 to €7,217
- Depreciation -€1,199
down €1,199 (-20.5%), from €5,849 to €4,649
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.
Derived cash bridge
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 | €227,472 | €226,592 | -€879 | -0.4% |
| Fixed assets | 21/28 | €13,523 | €8,886 | -€4,637 | -34.3% |
| Intangible fixed assets | 21 | €1,474 | €217 | -€1,257 | -85.3% |
| Tangible fixed assets | 22/27 | €12,049 | €8,669 | -€3,380 | -28.1% |
| Land and buildings | 22 | €1,260 | €1,042 | -€218 | -17.3% |
| Plant, machinery and equipment | 23 | €5,373 | €3,758 | -€1,616 | -30.1% |
| Furniture and vehicles | 24 | €3,668 | €2,222 | -€1,446 | -39.4% |
| Other tangible fixed assets | 26 | €1,747 | €1,647 | -€100 | -5.7% |
| Current assets | 29/58 | €213,949 | €217,706 | +€3,757 | +1.8% |
| Stocks and contracts in progress | 3 | €194,542 | €191,685 | -€2,857 | -1.5% |
| Stocks | 30/36 | €194,542 | €191,685 | -€2,857 | -1.5% |
| Amounts receivable within one year | 40/41 | €17,465 | €24,896 | +€7,431 | +42.5% |
| Trade receivables | 40 | €13,900 | €24,772 | +€10,872 | +78.2% |
| Other amounts receivable | 41 | €3,565 | €125 | -€3,441 | -96.5% |
| Cash at bank and in hand | 54/58 | €1,941 | €1,125 | -€817 | -42.1% |
| Total equity and liabilities | 10/49 | €227,472 | €226,592 | -€879 | -0.4% |
| Equity | 10/15 | €102,470 | €124,072 | +€21,603 | +21.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €90,070 | €111,672 | +€21,603 | +24.0% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100% |
| Other | 1319 | €1,860 | €0 | -€1,860 | -100% |
| Distributable reserves | 133 | €88,210 | €111,672 | +€23,463 | +26.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €125,002 | €102,520 | -€22,482 | -18.0% |
| Amounts payable after more than one year | 17 | €9,879 | €3,208 | -€6,671 | -67.5% |
| Financial debts | 170/4 | €9,879 | €3,208 | -€6,671 | -67.5% |
| Amounts payable within one year | 42/48 | €113,318 | €95,946 | -€17,372 | -15.3% |
| Current portion of amounts payable after more than one year | 42 | €7,067 | €6,671 | -€396 | -5.6% |
| Financial debts | 43 | €19,541 | €15,364 | -€4,178 | -21.4% |
| Credit institutions | 430/8 | €19,541 | €15,364 | -€4,178 | -21.4% |
| Trade debts | 44 | €2,435 | €8,270 | +€5,836 | +240% |
| Suppliers | 440/4 | €2,435 | €8,270 | +€5,836 | +240% |
| Taxes, remuneration and social security | 45 | €21,175 | €16,733 | -€4,442 | -21.0% |
| Taxes | 450/3 | €21,175 | €13,726 | -€7,449 | -35.2% |
| Remuneration and social security | 454/9 | - | €3,007 | +€3,007 | |
| Other amounts payable | 47/48 | €63,100 | €48,908 | -€14,192 | -22.5% |
| Accrued charges and deferred income | 492/3 | €1,805 | €3,366 | +€1,561 | +86.5% |
| Non-recurring operating income | 76A | €0 | €1,837 | +€1,837 | |
| Remuneration, social security and pensions | 62 | €133 | €0 | -€133 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,849 | €4,649 | -€1,199 | -20.5% |
| Other operating charges | 640/8 | €11,878 | €2,904 | -€8,974 | -75.5% |
| Gross operating margin | 9900 | €54,787 | €37,205 | -€17,582 | -32.1% |
| Operating profit (loss) | 9901 | €36,927 | €29,651 | -€7,276 | -19.7% |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €3,593 | €7,217 | +€3,624 | +101% |
| Recurring financial charges | 65 | €3,593 | €7,217 | +€3,624 | +101% |
| Profit (loss) for the period before taxes | 9903 | €33,334 | €22,436 | -€10,898 | -32.7% |
| Income taxes | 67/77 | €9,559 | €0 | -€9,559 | -100% |
| Profit (loss) for the period | 9904 | €23,775 | €22,436 | -€1,340 | -5.6% |
| Profit (loss) for the period to be appropriated | 9905 | €23,775 | €22,436 | -€1,340 | -5.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.