MAESSEN: what changed
Two fiscal 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.
MAESSEN
Largest movements
- Tangible fixed assets -€6,568
down €6,568 (-5.0%), from €131,825 to €125,258
of which Furniture and vehicles: -€6,278
- Cash +€3,065
up €3,065 (+36.8%), from €8,338 to €11,403
mainly Depreciation (+€6,568) and Other debts (+€5,509)
- Profit (loss) carried forward -€8,232
down €8,232 (-13.6%), from -€60,481 to -€68,713
- Other debts +€5,509
up €5,509 (+6.4%), from €86,404 to €91,913
- Tax, wage and social debts -€1,446
down €1,446 (-39.5%), from €3,664 to €2,218
- Gross operating margin -€7,107
down €7,107 (-71.1%), from €9,999 to €2,892
- Taxes -€1,419
down €1,419 (-81.5%), from €1,739 to €321
- Other operating charges +€1,159
up €1,159 (+38.8%), from €2,986 to €4,144
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 | €142,432 | €139,456 | -€2,975 | -2.1% |
| Fixed assets | 21/28 | €131,825 | €125,258 | -€6,568 | -5.0% |
| Tangible fixed assets | 22/27 | €131,825 | €125,258 | -€6,568 | -5.0% |
| Land and buildings | 22 | €122,520 | €122,230 | -€290 | -0.2% |
| Furniture and vehicles | 24 | €9,306 | €3,027 | -€6,278 | -67.5% |
| Current assets | 29/58 | €10,606 | €14,199 | +€3,592 | +33.9% |
| Amounts receivable within one year | 40/41 | €2,268 | €2,796 | +€528 | +23.3% |
| Trade receivables | 40 | €735 | €2,627 | +€1,892 | +257.4% |
| Other amounts receivable | 41 | €1,533 | €169 | -€1,365 | -89.0% |
| Cash at bank and in hand | 54/58 | €8,338 | €11,403 | +€3,065 | +36.8% |
| Total equity and liabilities | 10/49 | €142,432 | €139,456 | -€2,975 | -2.1% |
| Equity | 10/15 | €51,156 | €42,924 | -€8,232 | -16.1% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Capital | 10 | €75,000 | €75,000 | = | 0.0% |
| Issued capital | 100 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €36,637 | €36,637 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,917 | €2,917 | = | 0.0% |
| Legal reserve | 130 | €2,917 | €2,917 | = | 0.0% |
| Distributable reserves | 133 | €33,720 | €33,720 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€60,481 | -€68,713 | -€8,232 | -13.6% |
| Amounts payable | 17/49 | €91,276 | €96,532 | +€5,256 | +5.8% |
| Amounts payable within one year | 42/48 | €90,576 | €94,842 | +€4,265 | +4.7% |
| Trade debts | 44 | €509 | €712 | +€203 | +39.9% |
| Suppliers | 440/4 | €509 | €712 | +€203 | +39.9% |
| Taxes, remuneration and social security | 45 | €3,664 | €2,218 | -€1,446 | -39.5% |
| Taxes | 450/3 | €3,664 | €2,218 | -€1,446 | -39.5% |
| Other amounts payable | 47/48 | €86,404 | €91,913 | +€5,509 | +6.4% |
| Accrued charges and deferred income | 492/3 | €700 | €1,691 | +€991 | +141.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,568 | €6,568 | = | 0.0% |
| Other operating charges | 640/8 | €2,986 | €4,144 | +€1,159 | +38.8% |
| Gross operating margin | 9900 | €9,999 | €2,892 | -€7,107 | -71.1% |
| Operating profit (loss) | 9901 | €445 | -€7,820 | -€8,266 | |
| Financial charges | 65/66B | €80 | €90 | +€10 | +12.7% |
| Recurring financial charges | 65 | €80 | €90 | +€10 | +12.7% |
| Profit (loss) for the period before taxes | 9903 | €365 | -€7,911 | -€8,276 | |
| Income taxes | 67/77 | €1,739 | €321 | -€1,419 | -81.5% |
| Profit (loss) for the period | 9904 | -€1,374 | -€8,232 | -€6,857 | -498.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,374 | -€8,232 | -€6,857 | -498.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.