MAES SERVICES: 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 SERVICES
Largest movements
- Receivables within one year -€18,921
down €18,921 (-29.9%), from €63,190 to €44,270
of which Trade receivables: -€15,856
- Cash +€7,675
up €7,675 (+54.1%), from €14,174 to €21,849
mainly Receivables within one year (+€18,921) and Net result for the year (+€6,686)
- Tangible fixed assets -€1,301
down €1,301 (-58.6%), from €2,222 to €921
- Tax, wage and social debts -€7,890
down €7,890 (-48.4%), from €16,300 to €8,411
- Trade debts -€5,744
down €5,744 (-64.6%), from €8,888 to €3,144
- Other debts +€2,400
up €2,400 (+30.0%), from €8,000 to €10,400
- Reserves -€2,000
down €2,000 (-6.6%), from €30,360 to €28,360
of which Distributable reserves: -€2,000
- Gross operating margin +€11,300
up €11,300 (+147.8%), from €7,646 to €18,946
- Taxes +€2,659
up €2,659 (+168.5%), from €1,578 to €4,236
- Financial charges +€2,606
up €2,606 (+768.8%), from €339 to €2,945
- Other operating charges +€1,921
up €1,921 (+101.3%), from €1,896 to €3,817
- Depreciation -€711
down €711 (-35.3%), from €2,013 to €1,301
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €82,426 | €69,879 | -€12,547 | -15.2% |
| Fixed assets | 21/28 | €5,062 | €3,761 | -€1,301 | -25.7% |
| Tangible fixed assets | 22/27 | €2,222 | €921 | -€1,301 | -58.6% |
| Plant, machinery and equipment | 23 | €2,222 | €921 | -€1,301 | -58.6% |
| Financial fixed assets | 28 | €2,840 | €2,840 | = | 0.0% |
| Current assets | 29/58 | €77,364 | €66,118 | -€11,246 | -14.5% |
| Amounts receivable within one year | 40/41 | €63,190 | €44,270 | -€18,921 | -29.9% |
| Trade receivables | 40 | €31,850 | €15,994 | -€15,856 | -49.8% |
| Other amounts receivable | 41 | €31,340 | €28,275 | -€3,065 | -9.8% |
| Cash at bank and in hand | 54/58 | €14,174 | €21,849 | +€7,675 | +54.1% |
| Total equity and liabilities | 10/49 | €82,426 | €69,879 | -€12,547 | -15.2% |
| Equity | 10/15 | €49,238 | €47,925 | -€1,314 | -2.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €30,360 | €28,360 | -€2,000 | -6.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €28,500 | €26,500 | -€2,000 | -7.0% |
| Profit (loss) carried forward | 14 | €278 | €965 | +€686 | +246.8% |
| Amounts payable | 17/49 | €33,188 | €21,954 | -€11,234 | -33.8% |
| Amounts payable within one year | 42/48 | €33,188 | €21,954 | -€11,234 | -33.8% |
| Trade debts | 44 | €8,888 | €3,144 | -€5,744 | -64.6% |
| Suppliers | 440/4 | €8,888 | €3,144 | -€5,744 | -64.6% |
| Taxes, remuneration and social security | 45 | €16,300 | €8,411 | -€7,890 | -48.4% |
| Taxes | 450/3 | €16,300 | €8,411 | -€7,890 | -48.4% |
| Other amounts payable | 47/48 | €8,000 | €10,400 | +€2,400 | +30.0% |
| Non-recurring operating income | 76A | - | €1,000 | +€1,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,013 | €1,301 | -€711 | -35.3% |
| Other operating charges | 640/8 | €1,896 | €3,817 | +€1,921 | +101.3% |
| Gross operating margin | 9900 | €7,646 | €18,946 | +€11,300 | +147.8% |
| Operating profit (loss) | 9901 | €3,737 | €13,827 | +€10,090 | +270.0% |
| Financial income | 75/76B | €34 | €41 | +€7 | +18.9% |
| Recurring financial income | 75 | €34 | €41 | +€7 | +18.9% |
| Financial charges | 65/66B | €339 | €2,945 | +€2,606 | +768.8% |
| Recurring financial charges | 65 | €339 | €2,945 | +€2,606 | +768.8% |
| Profit (loss) for the period before taxes | 9903 | €3,432 | €10,923 | +€7,491 | +218.2% |
| Income taxes | 67/77 | €1,578 | €4,236 | +€2,659 | +168.5% |
| Profit (loss) for the period | 9904 | €1,855 | €6,686 | +€4,832 | +260.5% |
| Profit (loss) for the period to be appropriated | 9905 | €1,855 | €6,686 | +€4,832 | +260.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.