MAES WIM: 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 WIM
Largest movements
- Cash +€32,484
up €32,484 (+21.2%), from €153,386 to €185,869
mainly Net result for the year (+€53,011) and Tax, wage and social debts (+€5,301)
- Receivables within one year +€9,987
up €9,987 (+22.6%), from €44,093 to €54,079
of which Other amounts receivable: +€13,661
- Receivables after one year +€9,738
new in 2025: €9,738
- Tangible fixed assets -€4,378
down €4,378 (-38.8%), from €11,270 to €6,892
- Reserves +€42,469
up €42,469 (+22.1%), from €191,813 to €234,282
- Tax, wage and social debts +€5,301
up €5,301 (+121%), from €4,391 to €9,692
- Gross operating margin +€13,569
up €13,569 (+19.7%), from €69,046 to €82,616
- Taxes +€4,929
up €4,929 (+23.1%), from €21,325 to €26,254
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 | €209,004 | €256,579 | +€47,575 | +22.8% |
| Fixed assets | 21/28 | €11,270 | €6,892 | -€4,378 | -38.8% |
| Tangible fixed assets | 22/27 | €11,270 | €6,892 | -€4,378 | -38.8% |
| Plant, machinery and equipment | 23 | €456 | €99 | -€357 | -78.3% |
| Furniture and vehicles | 24 | €5,307 | €3,289 | -€2,018 | -38.0% |
| Other tangible fixed assets | 26 | €5,506 | €3,504 | -€2,002 | -36.4% |
| Current assets | 29/58 | €197,734 | €249,687 | +€51,953 | +26.3% |
| Amounts receivable after more than one year | 29 | - | €9,738 | +€9,738 | |
| Other amounts receivable | 291 | - | €9,738 | +€9,738 | |
| Amounts receivable within one year | 40/41 | €44,093 | €54,079 | +€9,987 | +22.6% |
| Trade receivables | 40 | €3,894 | €220 | -€3,674 | -94.4% |
| Other amounts receivable | 41 | €40,198 | €53,859 | +€13,661 | +34.0% |
| Cash at bank and in hand | 54/58 | €153,386 | €185,869 | +€32,484 | +21.2% |
| Deferred charges and accrued income | 490/1 | €256 | €0 | -€256 | -100% |
| Total equity and liabilities | 10/49 | €209,004 | €256,579 | +€47,575 | +22.8% |
| Equity | 10/15 | €204,213 | €246,682 | +€42,469 | +20.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €191,813 | €234,282 | +€42,469 | +22.1% |
| Distributable reserves | 133 | €191,813 | €234,282 | +€42,469 | +22.1% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €4,791 | €9,897 | +€5,105 | +107% |
| Amounts payable within one year | 42/48 | €4,791 | €9,897 | +€5,105 | +107% |
| Trade debts | 44 | €400 | €205 | -€196 | -48.9% |
| Suppliers | 440/4 | €400 | €205 | -€196 | -48.9% |
| Taxes, remuneration and social security | 45 | €4,391 | €9,692 | +€5,301 | +121% |
| Taxes | 450/3 | €4,391 | €9,692 | +€5,301 | +121% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,560 | €4,378 | -€182 | -4.0% |
| Other operating charges | 640/8 | €1,288 | €1,150 | -€138 | -10.7% |
| Gross operating margin | 9900 | €69,046 | €82,616 | +€13,569 | +19.7% |
| Operating profit (loss) | 9901 | €63,198 | €77,088 | +€13,890 | +22.0% |
| Financial income | 75/76B | €2,670 | €2,693 | +€23 | +0.9% |
| Recurring financial income | 75 | €2,670 | €2,693 | +€23 | +0.9% |
| Financial charges | 65/66B | €635 | €516 | -€119 | -18.8% |
| Recurring financial charges | 65 | €635 | €516 | -€119 | -18.8% |
| Profit (loss) for the period before taxes | 9903 | €65,234 | €79,265 | +€14,032 | +21.5% |
| Income taxes | 67/77 | €21,325 | €26,254 | +€4,929 | +23.1% |
| Profit (loss) for the period | 9904 | €43,909 | €53,011 | +€9,103 | +20.7% |
| Profit (loss) for the period to be appropriated | 9905 | €43,909 | €53,011 | +€9,103 | +20.7% |
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 20 October 2026 via checked.be.