MAESSA: 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.
MAESSA
Largest movements
- Cash +€36,878
up €36,878 (+423%), from €8,722 to €45,601
mainly Net result for the year (+€15,966) and Trade debts (+€10,094)
- Receivables within one year -€9,531
down €9,531 (-25.9%), from €36,791 to €27,260
of which Trade receivables: -€13,633
- Deferred charges and accrued income -€2,200
down €2,200 (-100%), from €2,200 to €0
- Tangible fixed assets +€1,237
new in 2025: €1,237
- Reserves +€15,966
up €15,966 (+50.4%), from €31,699 to €47,665
- Trade debts +€10,094
new in 2025: €10,094
- Gross operating margin -€22,309
down €22,309 (-50.1%), from €44,558 to €22,249
- Taxes -€6,271
down €6,271 (-48.4%), from €12,967 to €6,695
- Financial income +€632
up €632 (+126%), from €501 to €1,133
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 | €47,714 | €74,098 | +€26,385 | +55.3% |
| Fixed assets | 21/28 | - | €1,237 | +€1,237 | |
| Tangible fixed assets | 22/27 | - | €1,237 | +€1,237 | |
| Furniture and vehicles | 24 | - | €1,237 | +€1,237 | |
| Current assets | 29/58 | €47,714 | €72,861 | +€25,147 | +52.7% |
| Amounts receivable within one year | 40/41 | €36,791 | €27,260 | -€9,531 | -25.9% |
| Trade receivables | 40 | €18,555 | €4,922 | -€13,633 | -73.5% |
| Other amounts receivable | 41 | €18,236 | €22,339 | +€4,102 | +22.5% |
| Cash at bank and in hand | 54/58 | €8,722 | €45,601 | +€36,878 | +423% |
| Deferred charges and accrued income | 490/1 | €2,200 | €0 | -€2,200 | -100% |
| Total equity and liabilities | 10/49 | €47,714 | €74,098 | +€26,385 | +55.3% |
| Equity | 10/15 | €36,699 | €52,665 | +€15,966 | +43.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €31,699 | €47,665 | +€15,966 | +50.4% |
| Distributable reserves | 133 | €31,699 | €47,665 | +€15,966 | +50.4% |
| Amounts payable | 17/49 | €11,015 | €21,434 | +€10,419 | +94.6% |
| Amounts payable within one year | 42/48 | €11,015 | €21,434 | +€10,419 | +94.6% |
| Trade debts | 44 | - | €10,094 | +€10,094 | |
| Suppliers | 440/4 | - | €10,094 | +€10,094 | |
| Taxes, remuneration and social security | 45 | €11,015 | €11,340 | +€325 | +2.9% |
| Taxes | 450/3 | €11,015 | €11,340 | +€325 | +2.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €17 | +€17 | |
| Other operating charges | 640/8 | €304 | €464 | +€160 | +52.5% |
| Gross operating margin | 9900 | €44,558 | €22,249 | -€22,309 | -50.1% |
| Operating profit (loss) | 9901 | €44,254 | €21,768 | -€22,486 | -50.8% |
| Financial income | 75/76B | €501 | €1,133 | +€632 | +126% |
| Recurring financial income | 75 | €501 | €1,133 | +€632 | +126% |
| Financial charges | 65/66B | €90 | €240 | +€150 | +166% |
| Recurring financial charges | 65 | €90 | €240 | +€150 | +166% |
| Profit (loss) for the period before taxes | 9903 | €44,665 | €22,661 | -€22,004 | -49.3% |
| Income taxes | 67/77 | €12,967 | €6,695 | -€6,271 | -48.4% |
| Profit (loss) for the period | 9904 | €31,699 | €15,966 | -€15,733 | -49.6% |
| Profit (loss) for the period to be appropriated | 9905 | €31,699 | €15,966 | -€15,733 | -49.6% |
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 28 October 2026 via checked.be.