MAES TECHNIEKEN: 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 TECHNIEKEN
Largest movements
- Tangible fixed assets +€89,555
up €89,555 (+534%), from €16,784 to €106,339
of which Furniture and vehicles: +€93,507
- Receivables within one year +€31,179
up €31,179 (+13.1%), from €237,649 to €268,828
of which Trade receivables: +€56,617
- Stocks and contracts -€28,870
down €28,870 (-76.0%), from €38,010 to €9,140
- Cash -€5,412
down €5,412 (-13.2%), from €40,952 to €35,540
mainly Investment in fixed assets (net) (-€106,592) and Receivables within one year (-€31,179)
- Debts after one year +€72,170
up €72,170 (+62.8%), from €114,860 to €187,030
- Other debts -€30,854
down €30,854 (-64.0%), from €48,196 to €17,342
- Reserves +€28,751
up €28,751 (+54.6%), from €52,675 to €81,426
of which Distributable reserves: +€28,751
- Trade debts -€25,108
down €25,108 (-69.2%), from €36,303 to €11,195
- Tax, wage and social debts +€18,711
up €18,711 (+112%), from €16,775 to €35,486
of which Taxes: +€16,853
- Gross operating margin +€81,623
up €81,623 (+100%), from €81,556 to €163,179
- Taxes +€14,554
up €14,554 (+1,415%), from €1,029 to €15,582
- Staff costs +€13,778
up €13,778 (+20.7%), from €66,645 to €80,424
- Depreciation -€5,723
down €5,723 (-25.1%), from €22,760 to €17,037
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 | €333,396 | €419,847 | +€86,451 | +25.9% |
| Fixed assets | 21/28 | €16,784 | €106,339 | +€89,555 | +534% |
| Tangible fixed assets | 22/27 | €16,784 | €106,339 | +€89,555 | +534% |
| Plant, machinery and equipment | 23 | €7,961 | €4,793 | -€3,168 | -39.8% |
| Furniture and vehicles | 24 | €8,039 | €101,546 | +€93,507 | +1,163% |
| Leasing and similar rights | 25 | €783 | - | -€783 | |
| Current assets | 29/58 | €316,612 | €313,508 | -€3,103 | -1.0% |
| Stocks and contracts in progress | 3 | €38,010 | €9,140 | -€28,870 | -76.0% |
| Stocks | 30/36 | €38,010 | €9,140 | -€28,870 | -76.0% |
| Amounts receivable within one year | 40/41 | €237,649 | €268,828 | +€31,179 | +13.1% |
| Trade receivables | 40 | €206,755 | €263,372 | +€56,617 | +27.4% |
| Other amounts receivable | 41 | €30,894 | €5,455 | -€25,439 | -82.3% |
| Cash at bank and in hand | 54/58 | €40,952 | €35,540 | -€5,412 | -13.2% |
| Total equity and liabilities | 10/49 | €333,396 | €419,847 | +€86,451 | +25.9% |
| Equity | 10/15 | €57,882 | €100,026 | +€42,144 | +72.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €52,675 | €81,426 | +€28,751 | +54.6% |
| 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 | €50,815 | €79,566 | +€28,751 | +56.6% |
| Profit (loss) carried forward | 14 | -€13,393 | - | +€13,393 | |
| Provisions and deferred taxes | 16 | €7,500 | €7,500 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €7,500 | €7,500 | = | 0.0% |
| Other liabilities and charges | 164/5 | €7,500 | €7,500 | = | 0.0% |
| Amounts payable | 17/49 | €268,014 | €312,322 | +€44,308 | +16.5% |
| Amounts payable after more than one year | 17 | €114,860 | €187,030 | +€72,170 | +62.8% |
| Financial debts | 170/4 | €114,860 | €187,030 | +€72,170 | +62.8% |
| Amounts payable within one year | 42/48 | €153,154 | €125,291 | -€27,862 | -18.2% |
| Current portion of amounts payable after more than one year | 42 | €1,880 | €11,268 | +€9,388 | +499% |
| Financial debts | 43 | €50,000 | €50,000 | = | 0.0% |
| Credit institutions | 430/8 | €50,000 | €50,000 | = | 0.0% |
| Trade debts | 44 | €36,303 | €11,195 | -€25,108 | -69.2% |
| Suppliers | 440/4 | €36,303 | €11,195 | -€25,108 | -69.2% |
| Taxes, remuneration and social security | 45 | €16,775 | €35,486 | +€18,711 | +112% |
| Taxes | 450/3 | €10,770 | €27,623 | +€16,853 | +156% |
| Remuneration and social security | 454/9 | €6,005 | €7,863 | +€1,858 | +30.9% |
| Other amounts payable | 47/48 | €48,196 | €17,342 | -€30,854 | -64.0% |
| Non-recurring operating income | 76A | - | €20,886 | +€20,886 | |
| Remuneration, social security and pensions | 62 | €66,645 | €80,424 | +€13,778 | +20.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,760 | €17,037 | -€5,723 | -25.1% |
| Other operating charges | 640/8 | €1,931 | €2,690 | +€759 | +39.3% |
| Gross operating margin | 9900 | €81,556 | €163,179 | +€81,623 | +100% |
| Operating profit (loss) | 9901 | -€9,780 | €63,028 | +€72,808 | |
| Financial income | 75/76B | €4 | €56 | +€52 | +1,432% |
| Recurring financial income | 75 | €4 | €56 | +€52 | +1,432% |
| Financial charges | 65/66B | €4,453 | €5,358 | +€905 | +20.3% |
| Recurring financial charges | 65 | €4,453 | €5,358 | +€905 | +20.3% |
| Profit (loss) for the period before taxes | 9903 | -€14,229 | €57,726 | +€71,955 | |
| Income taxes | 67/77 | €1,029 | €15,582 | +€14,554 | +1,415% |
| Profit (loss) for the period | 9904 | -€15,258 | €42,144 | +€57,402 | |
| Profit (loss) for the period to be appropriated | 9905 | -€15,258 | €42,144 | +€57,402 |
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 28 October 2026 via checked.be.