MAESMENT: 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.
MAESMENT
Largest movements
- Receivables within one year +€20,177
up €20,177 (+722%), from €2,793 to €22,970
of which Other amounts receivable: +€15,177
- Cash -€13,503
down €13,503 (-93.7%), from €14,416 to €913
mainly Receivables within one year (-€20,177) and Debts after one year (-€14,156)
- Tangible fixed assets -€6,089
down €6,089 (-24.6%), from €24,755 to €18,666
- Deferred charges and accrued income -€5,000
down €5,000 (-100%), from €5,000 to €0
- Debts after one year -€14,156
down €14,156 (-39.2%), from €36,072 to €21,917
- Trade debts +€5,760
up €5,760 (+804%), from €716 to €6,476
- Tax, wage and social debts +€3,126
up €3,126 (+35.6%), from €8,779 to €11,905
of which Taxes: +€3,126
- Reserves +€2,264
up €2,264 (+11.7%), from €19,283 to €21,547
- Other debts -€2,079
down €2,079 (-100%), from €2,079 to €0
- Gross operating margin -€21,488
down €21,488 (-60.1%), from €35,763 to €14,275
- Taxes -€4,523
down €4,523 (-61.8%), from €7,319 to €2,796
- Depreciation +€399
up €399 (+7.0%), from €5,690 to €6,089
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 | €85,964 | €81,550 | -€4,414 | -5.1% |
| Fixed assets | 21/28 | €63,755 | €57,666 | -€6,089 | -9.6% |
| Tangible fixed assets | 22/27 | €24,755 | €18,666 | -€6,089 | -24.6% |
| Furniture and vehicles | 24 | €24,755 | €18,666 | -€6,089 | -24.6% |
| Financial fixed assets | 28 | €39,000 | €39,000 | = | 0.0% |
| Current assets | 29/58 | €22,209 | €23,884 | +€1,675 | +7.5% |
| Amounts receivable within one year | 40/41 | €2,793 | €22,970 | +€20,177 | +722% |
| Trade receivables | 40 | - | €5,000 | +€5,000 | |
| Other amounts receivable | 41 | €2,793 | €17,970 | +€15,177 | +543% |
| Cash at bank and in hand | 54/58 | €14,416 | €913 | -€13,503 | -93.7% |
| Deferred charges and accrued income | 490/1 | €5,000 | €0 | -€5,000 | -100% |
| Total equity and liabilities | 10/49 | €85,964 | €81,550 | -€4,414 | -5.1% |
| Equity | 10/15 | €23,283 | €25,547 | +€2,264 | +9.7% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €19,283 | €21,547 | +€2,264 | +11.7% |
| Distributable reserves | 133 | €19,283 | €21,547 | +€2,264 | +11.7% |
| Amounts payable | 17/49 | €62,682 | €56,004 | -€6,678 | -10.7% |
| Amounts payable after more than one year | 17 | €36,072 | €21,917 | -€14,156 | -39.2% |
| Financial debts | 170/4 | €36,072 | €21,917 | -€14,156 | -39.2% |
| Amounts payable within one year | 42/48 | €25,059 | €32,536 | +€7,478 | +29.8% |
| Current portion of amounts payable after more than one year | 42 | €13,484 | €14,156 | +€671 | +5.0% |
| Trade debts | 44 | €716 | €6,476 | +€5,760 | +804% |
| Suppliers | 440/4 | €716 | €6,476 | +€5,760 | +804% |
| Taxes, remuneration and social security | 45 | €8,779 | €11,905 | +€3,126 | +35.6% |
| Taxes | 450/3 | €7,649 | €10,775 | +€3,126 | +40.9% |
| Remuneration and social security | 454/9 | €1,130 | €1,130 | = | 0.0% |
| Other amounts payable | 47/48 | €2,079 | €0 | -€2,079 | -100% |
| Accrued charges and deferred income | 492/3 | €1,551 | €1,551 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,690 | €6,089 | +€399 | +7.0% |
| Other operating charges | 640/8 | €845 | €795 | -€50 | -5.9% |
| Gross operating margin | 9900 | €35,763 | €14,275 | -€21,488 | -60.1% |
| Operating profit (loss) | 9901 | €29,228 | €7,391 | -€21,837 | -74.7% |
| Financial income | 75/76B | €0 | €8 | +€8 | +20,225% |
| Recurring financial income | 75 | €0 | €8 | +€8 | +20,225% |
| Financial charges | 65/66B | €2,627 | €2,339 | -€287 | -10.9% |
| Recurring financial charges | 65 | €2,627 | €2,339 | -€287 | -10.9% |
| Profit (loss) for the period before taxes | 9903 | €26,602 | €5,060 | -€21,542 | -81.0% |
| Income taxes | 67/77 | €7,319 | €2,796 | -€4,523 | -61.8% |
| Profit (loss) for the period | 9904 | €19,283 | €2,264 | -€17,019 | -88.3% |
| Profit (loss) for the period to be appropriated | 9905 | €19,283 | €2,264 | -€17,019 | -88.3% |
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 26 October 2026 via checked.be.