MAESKES ROEM: 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.
MAESKES ROEM
Largest movements
- Receivables within one year -€103,680
down €103,680 (-22.5%), from €461,585 to €357,905
of which Trade receivables: -€55,870
- Tangible fixed assets -€100,377
down €100,377 (-11.2%), from €900,186 to €799,809
- Stocks and contracts +€72,256
up €72,256 (+15.0%), from €481,612 to €553,868
- Cash -€67,454
down €67,454 (-16.2%), from €416,850 to €349,396
mainly Trade debts (-€158,764) and Contributions, distributions and other (-€146,757)
- Trade debts -€158,764
down €158,764 (-58.0%), from €273,849 to €115,085
- Debts after one year -€117,212
down €117,212 (-37.8%), from €310,057 to €192,845
- Other debts +€59,340
up €59,340 (+7.6%), from €776,518 to €835,858
- Reserves +€44,205
up €44,205 (+6.6%), from €669,428 to €713,633
of which Distributable reserves: +€73,384
- Tax, wage and social debts -€32,738
down €32,738 (-35.8%), from €91,404 to €58,666
of which Remuneration and social security: -€16,934
- Gross operating margin -€59,228
down €59,228 (-7.1%), from €830,986 to €771,758
- Other operating charges +€15,859
up €15,859 (+353%), from €4,494 to €20,353
- Staff costs -€11,209
down €11,209 (-5.0%), from €223,272 to €212,063
- Taxes -€10,677
down €10,677 (-13.2%), from €81,072 to €70,395
- Financial charges -€8,373
down €8,373 (-12.0%), from €69,619 to €61,245
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 | €2,284,588 | €2,065,800 | -€218,788 | -9.6% |
| Fixed assets | 21/28 | €909,487 | €799,944 | -€109,544 | -12.0% |
| Intangible fixed assets | 21 | €9,167 | - | -€9,167 | |
| Tangible fixed assets | 22/27 | €900,186 | €799,809 | -€100,377 | -11.2% |
| Land and buildings | 22 | €192,378 | €160,447 | -€31,931 | -16.6% |
| Plant, machinery and equipment | 23 | €559,762 | €526,054 | -€33,708 | -6.0% |
| Furniture and vehicles | 24 | €148,045 | €113,308 | -€34,737 | -23.5% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €1,375,101 | €1,265,857 | -€109,244 | -7.9% |
| Stocks and contracts in progress | 3 | €481,612 | €553,868 | +€72,256 | +15.0% |
| Stocks | 30/36 | €481,612 | €553,868 | +€72,256 | +15.0% |
| Amounts receivable within one year | 40/41 | €461,585 | €357,905 | -€103,680 | -22.5% |
| Trade receivables | 40 | €413,670 | €357,800 | -€55,870 | -13.5% |
| Other amounts receivable | 41 | €47,915 | €105 | -€47,810 | -99.8% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €416,850 | €349,396 | -€67,454 | -16.2% |
| Deferred charges and accrued income | 490/1 | €15,054 | €4,689 | -€10,365 | -68.9% |
| Total equity and liabilities | 10/49 | €2,284,588 | €2,065,800 | -€218,788 | -9.6% |
| Equity | 10/15 | €694,428 | €738,633 | +€44,205 | +6.4% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €669,428 | €713,633 | +€44,205 | +6.6% |
| Non-distributable reserves | 130/1 | €2,500 | €2,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,500 | €2,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €222,153 | €192,974 | -€29,179 | -13.1% |
| Distributable reserves | 133 | €444,775 | €518,159 | +€73,384 | +16.5% |
| Amounts payable | 17/49 | €1,590,160 | €1,327,167 | -€262,993 | -16.5% |
| Amounts payable after more than one year | 17 | €310,057 | €192,845 | -€117,212 | -37.8% |
| Financial debts | 170/4 | €310,057 | €192,845 | -€117,212 | -37.8% |
| Amounts payable within one year | 42/48 | €1,280,102 | €1,134,322 | -€145,780 | -11.4% |
| Current portion of amounts payable after more than one year | 42 | €130,831 | €117,212 | -€13,618 | -10.4% |
| Financial debts | 43 | €7,500 | €7,500 | = | 0.0% |
| Other loans | 439 | €7,500 | €7,500 | = | 0.0% |
| Trade debts | 44 | €273,849 | €115,085 | -€158,764 | -58.0% |
| Suppliers | 440/4 | €273,849 | €115,085 | -€158,764 | -58.0% |
| Taxes, remuneration and social security | 45 | €91,404 | €58,666 | -€32,738 | -35.8% |
| Taxes | 450/3 | €39,194 | €23,390 | -€15,804 | -40.3% |
| Remuneration and social security | 454/9 | €52,210 | €35,276 | -€16,934 | -32.4% |
| Other amounts payable | 47/48 | €776,518 | €835,858 | +€59,340 | +7.6% |
| Remuneration, social security and pensions | 62 | €223,272 | €212,063 | -€11,209 | -5.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €206,416 | €213,557 | +€7,141 | +3.5% |
| Other operating charges | 640/8 | €4,494 | €20,353 | +€15,859 | +353% |
| Non-recurring operating charges | 66A | - | €4,948 | +€4,948 | |
| Gross operating margin | 9900 | €830,986 | €771,758 | -€59,228 | -7.1% |
| Operating profit (loss) | 9901 | €396,804 | €320,837 | -€75,967 | -19.1% |
| Financial income | 75/76B | €2,723 | €1,765 | -€958 | -35.2% |
| Recurring financial income | 75 | €2,723 | €1,765 | -€958 | -35.2% |
| Financial charges | 65/66B | €69,619 | €61,245 | -€8,373 | -12.0% |
| Recurring financial charges | 65 | €69,619 | €61,245 | -€8,373 | -12.0% |
| Profit (loss) for the period before taxes | 9903 | €329,908 | €261,357 | -€68,552 | -20.8% |
| Income taxes | 67/77 | €81,072 | €70,395 | -€10,677 | -13.2% |
| Profit (loss) for the period | 9904 | €248,836 | €190,962 | -€57,875 | -23.3% |
| Transfer from tax-exempt reserves | 789 | €4,992 | €73,384 | +€68,392 | +1,370% |
| Transfer to tax-exempt reserves | 689 | €124,195 | €44,205 | -€79,990 | -64.4% |
| Profit (loss) for the period to be appropriated | 9905 | €129,633 | €220,140 | +€90,507 | +69.8% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.