MAESEN: 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.
MAESEN
Largest movements
- Receivables within one year -€7,999
down €7,999 (-100.0%), from €7,999 to €0
- Stocks and contracts +€3,110
up €3,110 (+20.7%), from €15,000 to €18,110
- Cash -€661
down €661 (-42.0%), from €1,575 to €914
mainly Net result for the year (-€3,906) and Stocks and contracts (-€3,110)
- Profit (loss) carried forward -€3,906
down €3,906, from €298 to -€3,609
- Trade debts -€1,725
down €1,725 (-100.0%), from €1,725 to €0
- Gross operating margin -€11,138
down €11,138, from €7,232 to -€3,906
- Taxes -€2,006
down €2,006 (-100.0%), from €2,006 to €0
- Financial income -€285
down €285 (-100.0%), from €285 to €0
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 | €24,574 | €19,024 | -€5,550 | -22.6% |
| Current assets | 29/58 | €24,574 | €19,024 | -€5,550 | -22.6% |
| Stocks and contracts in progress | 3 | €15,000 | €18,110 | +€3,110 | +20.7% |
| Stocks | 30/36 | €15,000 | €18,110 | +€3,110 | +20.7% |
| Amounts receivable within one year | 40/41 | €7,999 | €0 | -€7,999 | -100.0% |
| Other amounts receivable | 41 | €7,999 | €0 | -€7,999 | -100.0% |
| Cash at bank and in hand | 54/58 | €1,575 | €914 | -€661 | -42.0% |
| Total equity and liabilities | 10/49 | €24,574 | €19,024 | -€5,550 | -22.6% |
| Equity | 10/15 | €20,374 | €16,468 | -€3,906 | -19.2% |
| Contributions | 10/11 | €18,666 | €18,666 | = | 0.0% |
| Reserves | 13 | €1,410 | €1,410 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,186 | €1,186 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,186 | €1,186 | = | 0.0% |
| Distributable reserves | 133 | €224 | €224 | = | 0.0% |
| Profit (loss) carried forward | 14 | €298 | -€3,609 | -€3,906 | |
| Amounts payable | 17/49 | €4,200 | €2,556 | -€1,644 | -39.1% |
| Amounts payable within one year | 42/48 | €4,200 | €2,556 | -€1,644 | -39.1% |
| Trade debts | 44 | €1,725 | €0 | -€1,725 | -100.0% |
| Suppliers | 440/4 | €1,725 | €0 | -€1,725 | -100.0% |
| Taxes, remuneration and social security | 45 | €2,474 | €2,474 | = | 0.0% |
| Taxes | 450/3 | €2,474 | €2,474 | = | 0.0% |
| Other amounts payable | 47/48 | - | €82 | +€82 | |
| Gross operating margin | 9900 | €7,232 | -€3,906 | -€11,138 | |
| Operating profit (loss) | 9901 | €7,232 | -€3,906 | -€11,138 | |
| Financial income | 75/76B | €285 | €0 | -€285 | -100.0% |
| Recurring financial income | 75 | €285 | €0 | -€285 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | €7,517 | -€3,906 | -€11,423 | |
| Income taxes | 67/77 | €2,006 | €0 | -€2,006 | -100.0% |
| Profit (loss) for the period | 9904 | €5,511 | -€3,906 | -€9,417 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,511 | -€3,906 | -€9,417 |
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.