MAESEN - SCHEFFERS: 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 - SCHEFFERS
Largest movements
- Cash +€77,233
up €77,233 (+216.8%), from €35,632 to €112,865
mainly Depreciation (+€69,855) and Receivables within one year (+€48,009)
- Tangible fixed assets -€71,931
down €71,931 (-14.5%), from €496,925 to €424,995
- Receivables within one year -€48,009
down €48,009 (-87.3%), from €55,007 to €6,998
of which Trade receivables: -€46,694
- Deferred charges and accrued income -€7,209
down €7,209 (-40.5%), from €17,780 to €10,571
- Reserves -€50,848
down €50,848 (-10.7%), from €474,542 to €423,695
of which Tax-exempt reserves: -€49,182
- Profit (loss) carried forward +€22,301
up €22,301 (+1896.9%), from €1,176 to €23,477
- Debts after one year -€16,078
down €16,078 (-16.1%), from €100,000 to €83,922
- Tax, wage and social debts -€9,686
down €9,686 (-74.9%), from €12,934 to €3,248
of which Remuneration and social security: -€8,395
- Gross operating margin -€80,312
down €80,312 (-52.9%), from €151,910 to €71,599
- Depreciation -€44,286
down €44,286 (-38.8%), from €114,142 to €69,855
- Staff costs -€44,252
down €44,252 (-86.2%), from €51,357 to €7,106
- Other operating charges -€14,160
down €14,160 (-50.9%), from €27,794 to €13,634
- Financial charges -€2,382
down €2,382 (-22.4%), from €10,645 to €8,263
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 | €615,044 | €565,128 | -€49,915 | -8.1% |
| Fixed assets | 21/28 | €496,925 | €424,995 | -€71,931 | -14.5% |
| Tangible fixed assets | 22/27 | €496,925 | €424,995 | -€71,931 | -14.5% |
| Land and buildings | 22 | €410,632 | €375,727 | -€34,905 | -8.5% |
| Plant, machinery and equipment | 23 | €11,004 | €7,853 | -€3,151 | -28.6% |
| Furniture and vehicles | 24 | €75,289 | €41,415 | -€33,875 | -45.0% |
| Current assets | 29/58 | €118,118 | €140,134 | +€22,015 | +18.6% |
| Stocks and contracts in progress | 3 | €9,700 | €9,700 | = | 0.0% |
| Stocks | 30/36 | €9,700 | €9,700 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €55,007 | €6,998 | -€48,009 | -87.3% |
| Trade receivables | 40 | €52,191 | €5,497 | -€46,694 | -89.5% |
| Other amounts receivable | 41 | €2,816 | €1,501 | -€1,315 | -46.7% |
| Cash at bank and in hand | 54/58 | €35,632 | €112,865 | +€77,233 | +216.8% |
| Deferred charges and accrued income | 490/1 | €17,780 | €10,571 | -€7,209 | -40.5% |
| Total equity and liabilities | 10/49 | €615,044 | €565,128 | -€49,915 | -8.1% |
| Equity | 10/15 | €492,467 | €463,920 | -€28,547 | -5.8% |
| Contributions | 10/11 | €16,749 | €16,749 | = | 0.0% |
| Reserves | 13 | €474,542 | €423,695 | -€50,848 | -10.7% |
| Tax-exempt reserves | 132 | €62,189 | €13,007 | -€49,182 | -79.1% |
| Distributable reserves | 133 | €412,353 | €410,687 | -€1,666 | -0.4% |
| Profit (loss) carried forward | 14 | €1,176 | €23,477 | +€22,301 | +1896.9% |
| Provisions and deferred taxes | 16 | €4,851 | €4,336 | -€515 | -10.6% |
| Deferred taxes | 168 | €4,851 | €4,336 | -€515 | -10.6% |
| Amounts payable | 17/49 | €117,726 | €96,873 | -€20,853 | -17.7% |
| Amounts payable after more than one year | 17 | €100,000 | €83,922 | -€16,078 | -16.1% |
| Financial debts | 170/4 | €100,000 | €83,922 | -€16,078 | -16.1% |
| Amounts payable within one year | 42/48 | €16,739 | €12,028 | -€4,711 | -28.1% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €0 | €2,556 | +€2,556 | |
| Suppliers | 440/4 | €0 | €2,556 | +€2,556 | |
| Taxes, remuneration and social security | 45 | €12,934 | €3,248 | -€9,686 | -74.9% |
| Taxes | 450/3 | €3,381 | €2,090 | -€1,291 | -38.2% |
| Remuneration and social security | 454/9 | €9,553 | €1,158 | -€8,395 | -87.9% |
| Other amounts payable | 47/48 | €3,805 | €6,224 | +€2,419 | +63.6% |
| Accrued charges and deferred income | 492/3 | €987 | €923 | -€64 | -6.5% |
| Non-recurring operating income | 76A | €0 | €40,425 | +€40,425 | |
| Remuneration, social security and pensions | 62 | €51,357 | €7,106 | -€44,252 | -86.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €114,142 | €69,855 | -€44,286 | -38.8% |
| Other operating charges | 640/8 | €27,794 | €13,634 | -€14,160 | -50.9% |
| Gross operating margin | 9900 | €151,910 | €71,599 | -€80,312 | -52.9% |
| Operating profit (loss) | 9901 | -€41,383 | -€18,997 | +€22,387 | +54.1% |
| Financial income | 75/76B | €41 | €0 | -€41 | -100.0% |
| Recurring financial income | 75 | €41 | €0 | -€41 | -100.0% |
| Financial charges | 65/66B | €10,645 | €8,263 | -€2,382 | -22.4% |
| Recurring financial charges | 65 | €10,645 | €8,263 | -€2,382 | -22.4% |
| Profit (loss) for the period before taxes | 9903 | -€51,987 | -€27,259 | +€24,727 | +47.6% |
| Transfer from deferred taxes | 780 | €515 | €515 | = | 0.0% |
| Income taxes | 67/77 | €176 | €137 | -€39 | -22.4% |
| Profit (loss) for the period | 9904 | -€51,647 | -€26,881 | +€24,767 | +48.0% |
| Transfer from tax-exempt reserves | 789 | €53,726 | €49,182 | -€4,545 | -8.5% |
| Profit (loss) for the period to be appropriated | 9905 | €2,079 | €22,301 | +€20,222 | +972.7% |
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 10 October 2026 via checked.be.