Maes Nynke: what changed
Maes Nynke
Largest movements
- Cash +€41,809
up €41,809 (+106%), from €39,459 to €81,268
mainly Net result for the year (+€45,276) and Other debts (+€7,759)
- Deferred charges and accrued income +€3,992
new in 2025: €3,992
- Receivables within one year +€2,218
up €2,218 (+5.8%), from €37,919 to €40,136
of which Other amounts receivable: +€6,087
- Tangible fixed assets +€1,804
up €1,804 (+62.2%), from €2,901 to €4,706
of which Plant, machinery and equipment: +€1,201
- Profit (loss) carried forward +€45,276
up €45,276 (+118%), from €38,515 to €83,791
- Debts after one year -€7,890
down €7,890 (-28.7%), from €27,486 to €19,596
- Other debts +€7,759
new in 2025: €7,759
- Trade debts +€4,289
up €4,289 (+636%), from €674 to €4,964
- Gross operating margin +€8,079
up €8,079 (+13.9%), from €58,141 to €66,220
- Financial charges -€2,136
down €2,136 (-39.0%), from €5,480 to €3,344
- Taxes +€2,000
up €2,000 (+20.0%), from €10,003 to €12,003
- Depreciation +€1,827
up €1,827 (+56.5%), from €3,235 to €5,062
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €80,280 | €130,352 | +€50,073 | +62.4% |
| Fixed assets | 21/28 | €2,901 | €4,956 | +€2,054 | +70.8% |
| Tangible fixed assets | 22/27 | €2,901 | €4,706 | +€1,804 | +62.2% |
| Plant, machinery and equipment | 23 | €2,548 | €3,749 | +€1,201 | +47.1% |
| Furniture and vehicles | 24 | €353 | €957 | +€603 | +171% |
| Financial fixed assets | 28 | - | €250 | +€250 | |
| Current assets | 29/58 | €77,378 | €125,397 | +€48,018 | +62.1% |
| Amounts receivable within one year | 40/41 | €37,919 | €40,136 | +€2,218 | +5.8% |
| Trade receivables | 40 | €3,870 | €0 | -€3,870 | -100% |
| Other amounts receivable | 41 | €34,049 | €40,136 | +€6,087 | +17.9% |
| Cash at bank and in hand | 54/58 | €39,459 | €81,268 | +€41,809 | +106% |
| Deferred charges and accrued income | 490/1 | - | €3,992 | +€3,992 | |
| Total equity and liabilities | 10/49 | €80,280 | €130,352 | +€50,073 | +62.4% |
| Equity | 10/15 | €43,515 | €88,791 | +€45,276 | +104% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €38,515 | €83,791 | +€45,276 | +118% |
| Amounts payable | 17/49 | €36,765 | €41,561 | +€4,797 | +13.0% |
| Amounts payable after more than one year | 17 | €27,486 | €19,596 | -€7,890 | -28.7% |
| Financial debts | 170/4 | €27,486 | €19,596 | -€7,890 | -28.7% |
| Amounts payable within one year | 42/48 | €9,278 | €21,965 | +€12,687 | +137% |
| Current portion of amounts payable after more than one year | 42 | €7,601 | €7,890 | +€289 | +3.8% |
| Trade debts | 44 | €674 | €4,964 | +€4,289 | +636% |
| Suppliers | 440/4 | €674 | €4,964 | +€4,289 | +636% |
| Taxes, remuneration and social security | 45 | €1,003 | €1,353 | +€350 | +34.9% |
| Taxes | 450/3 | €3 | €1,353 | +€1,350 | +49,815% |
| Remuneration and social security | 454/9 | €1,000 | €0 | -€1,000 | -100% |
| Other amounts payable | 47/48 | - | €7,759 | +€7,759 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,235 | €5,062 | +€1,827 | +56.5% |
| Other operating charges | 640/8 | €912 | €536 | -€376 | -41.2% |
| Gross operating margin | 9900 | €58,141 | €66,220 | +€8,079 | +13.9% |
| Operating profit (loss) | 9901 | €53,995 | €60,622 | +€6,627 | +12.3% |
| Financial income | 75/76B | €3 | €1 | -€2 | -75.1% |
| Recurring financial income | 75 | €3 | €1 | -€2 | -75.1% |
| Financial charges | 65/66B | €5,480 | €3,344 | -€2,136 | -39.0% |
| Recurring financial charges | 65 | €5,480 | €3,344 | -€2,136 | -39.0% |
| Profit (loss) for the period before taxes | 9903 | €48,518 | €57,279 | +€8,761 | +18.1% |
| Income taxes | 67/77 | €10,003 | €12,003 | +€2,000 | +20.0% |
| Profit (loss) for the period | 9904 | €38,515 | €45,276 | +€6,761 | +17.6% |
| Profit (loss) for the period to be appropriated | 9905 | €38,515 | €45,276 | +€6,761 | +17.6% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.