Maes Patrick: what changed
Two fiscal 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 Patrick
Largest movements
- Cash +€19,508
up €19,508 (+316.0%), from €6,174 to €25,682
mainly Net result for the year (+€16,133) and Stocks and contracts (+€1,853)
- Stocks and contracts -€1,853
down €1,853 (-4.8%), from €38,400 to €36,547
of which Contracts in progress: -€1,326
- Profit (loss) carried forward +€16,133
up €16,133 (+52.0%), from -€31,012 to -€14,879
- Gross operating margin +€26,500
up €26,500, from -€9,876 to €16,625
- Financial charges -€576
down €576 (-85.5%), from €674 to €98
- Financial income +€549
up €549 (+5264.9%), from €10 to €560
- Other operating charges -€509
down €509 (-34.8%), from €1,463 to €953
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.
Cash bridge derived
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 | €129,031 | €145,634 | +€16,603 | +12.9% |
| Current assets | 29/58 | €129,031 | €145,634 | +€16,603 | +12.9% |
| Stocks and contracts in progress | 3 | €38,400 | €36,547 | -€1,853 | -4.8% |
| Stocks | 30/36 | €22,768 | €22,241 | -€527 | -2.3% |
| Contracts in progress | 37 | €15,632 | €14,306 | -€1,326 | -8.5% |
| Amounts receivable within one year | 40/41 | €83,588 | €82,499 | -€1,089 | -1.3% |
| Trade receivables | 40 | €82,856 | €80,567 | -€2,289 | -2.8% |
| Other amounts receivable | 41 | €732 | €1,932 | +€1,200 | +164.0% |
| Cash at bank and in hand | 54/58 | €6,174 | €25,682 | +€19,508 | +316.0% |
| Deferred charges and accrued income | 490/1 | €869 | €906 | +€37 | +4.3% |
| Total equity and liabilities | 10/49 | €129,031 | €145,634 | +€16,603 | +12.9% |
| Equity | 10/15 | -€10,552 | €5,581 | +€16,133 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€31,012 | -€14,879 | +€16,133 | +52.0% |
| Amounts payable | 17/49 | €139,583 | €140,053 | +€470 | +0.3% |
| Amounts payable within one year | 42/48 | €139,583 | €140,053 | +€470 | +0.3% |
| Trade debts | 44 | €7,242 | €8,225 | +€983 | +13.6% |
| Suppliers | 440/4 | €7,242 | €8,225 | +€983 | +13.6% |
| Taxes, remuneration and social security | 45 | €176 | €222 | +€46 | +26.0% |
| Taxes | 450/3 | €176 | €222 | +€46 | +26.0% |
| Other amounts payable | 47/48 | €132,165 | €131,606 | -€559 | -0.4% |
| Other operating charges | 640/8 | €1,463 | €953 | -€509 | -34.8% |
| Gross operating margin | 9900 | -€9,876 | €16,625 | +€26,500 | |
| Operating profit (loss) | 9901 | -€11,338 | €15,671 | +€27,010 | |
| Financial income | 75/76B | €10 | €560 | +€549 | +5264.9% |
| Recurring financial income | 75 | €10 | €560 | +€549 | +5264.9% |
| Financial charges | 65/66B | €674 | €98 | -€576 | -85.5% |
| Recurring financial charges | 65 | €674 | €98 | -€576 | -85.5% |
| Profit (loss) for the period before taxes | 9903 | -€12,002 | €16,133 | +€28,135 | |
| Profit (loss) for the period | 9904 | -€12,002 | €16,133 | +€28,135 | |
| Profit (loss) for the period to be appropriated | 9905 | -€12,002 | €16,133 | +€28,135 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.