Maesgroen: 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.
Maesgroen
Largest movements
- Receivables within one year +€10,280
up €10,280 (+5.7%), from €180,178 to €190,458
of which Other amounts receivable: +€13,316
- Reserves +€3,434
up €3,434 (+4.3%), from €80,062 to €83,495
of which Distributable reserves: +€3,434
- Trade debts +€3,074
up €3,074 (+3.5%), from €88,696 to €91,770
- Short-term financial debts +€2,578
up €2,578 (+115%), from €2,238 to €4,817
- Gross operating margin -€5,599
down €5,599 (-48.1%), from €11,652 to €6,053
- Depreciation -€5,544
down €5,544 (-86.7%), from €6,394 to €850
- Financial income -€776
down €776 (-35.2%), from €2,203 to €1,427
- Taxes -€406
down €406 (-18.9%), from €2,152 to €1,746
- Financial charges +€224
up €224 (+40.5%), from €553 to €778
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 | €183,178 | €192,017 | +€8,839 | +4.8% |
| Fixed assets | 21/28 | €1,533 | €683 | -€850 | -55.4% |
| Tangible fixed assets | 22/27 | €1,533 | €683 | -€850 | -55.4% |
| Plant, machinery and equipment | 23 | €447 | €0 | -€447 | -100% |
| Furniture and vehicles | 24 | €1,086 | €683 | -€403 | -37.1% |
| Current assets | 29/58 | €181,645 | €191,333 | +€9,688 | +5.3% |
| Amounts receivable within one year | 40/41 | €180,178 | €190,458 | +€10,280 | +5.7% |
| Trade receivables | 40 | €146,188 | €143,151 | -€3,037 | -2.1% |
| Other amounts receivable | 41 | €33,990 | €47,307 | +€13,316 | +39.2% |
| Cash at bank and in hand | 54/58 | €0 | - | = | |
| Deferred charges and accrued income | 490/1 | €1,467 | €875 | -€591 | -40.3% |
| Total equity and liabilities | 10/49 | €183,178 | €192,017 | +€8,839 | +4.8% |
| Equity | 10/15 | €86,462 | €89,895 | +€3,434 | +4.0% |
| Contributions | 10/11 | €6,400 | €6,400 | = | 0.0% |
| Reserves | 13 | €80,062 | €83,495 | +€3,434 | +4.3% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Tax-exempt reserves | 132 | €26,440 | €26,440 | = | 0.0% |
| Distributable reserves | 133 | €51,767 | €55,200 | +€3,434 | +6.6% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €96,716 | €102,122 | +€5,405 | +5.6% |
| Amounts payable within one year | 42/48 | €95,829 | €101,234 | +€5,405 | +5.6% |
| Financial debts | 43 | €2,238 | €4,817 | +€2,578 | +115% |
| Credit institutions | 430/8 | €2,238 | €4,817 | +€2,578 | +115% |
| Trade debts | 44 | €88,696 | €91,770 | +€3,074 | +3.5% |
| Suppliers | 440/4 | €88,696 | €91,770 | +€3,074 | +3.5% |
| Advances received on contracts in progress | 46 | €0 | €750 | +€750 | |
| Taxes, remuneration and social security | 45 | €4,894 | €3,897 | -€997 | -20.4% |
| Taxes | 450/3 | €4,894 | €3,897 | -€997 | -20.4% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €888 | €888 | = | 0.0% |
| Non-recurring operating income | 76A | - | €4,250 | +€4,250 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,394 | €850 | -€5,544 | -86.7% |
| Other operating charges | 640/8 | €634 | €673 | +€40 | +6.3% |
| Gross operating margin | 9900 | €11,652 | €6,053 | -€5,599 | -48.1% |
| Operating profit (loss) | 9901 | €4,625 | €4,530 | -€95 | -2.0% |
| Financial income | 75/76B | €2,203 | €1,427 | -€776 | -35.2% |
| Recurring financial income | 75 | €2,203 | €1,427 | -€776 | -35.2% |
| Financial charges | 65/66B | €553 | €778 | +€224 | +40.5% |
| Recurring financial charges | 65 | €553 | €778 | +€224 | +40.5% |
| Profit (loss) for the period before taxes | 9903 | €6,274 | €5,179 | -€1,095 | -17.5% |
| Income taxes | 67/77 | €2,152 | €1,746 | -€406 | -18.9% |
| Profit (loss) for the period | 9904 | €4,122 | €3,434 | -€689 | -16.7% |
| Profit (loss) for the period to be appropriated | 9905 | €4,122 | €3,434 | -€689 | -16.7% |
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 22 October 2026 via checked.be.