Maettrans: 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.
Maettrans
Largest movements
- Receivables within one year -€13,865
down €13,865 (-45.5%), from €30,476 to €16,610
of which Trade receivables: -€14,382
- Deferred charges and accrued income +€13,210
up €13,210 (+1323.8%), from €998 to €14,208
- Tangible fixed assets -€12,726
down €12,726 (-23.6%), from €53,830 to €41,103
of which Furniture and vehicles: -€14,230
- Cash +€7,211
up €7,211 (+17.3%), from €41,580 to €48,791
mainly Depreciation (+€19,918) and Receivables within one year (+€13,865)
- Debts after one year -€10,136
down €10,136 (-63.8%), from €15,886 to €5,750
- Reserves +€5,272
up €5,272 (+6.0%), from €87,445 to €92,717
- Gross operating margin -€3,765
down €3,765 (-8.5%), from €44,258 to €40,493
- Depreciation -€2,576
down €2,576 (-11.5%), from €22,494 to €19,918
- Other operating charges +€1,747
up €1,747 (+18.7%), from €9,362 to €11,109
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 | €128,518 | €122,348 | -€6,171 | -4.8% |
| Fixed assets | 21/28 | €55,465 | €42,738 | -€12,726 | -22.9% |
| Tangible fixed assets | 22/27 | €53,830 | €41,103 | -€12,726 | -23.6% |
| Plant, machinery and equipment | 23 | - | €1,503 | +€1,503 | |
| Furniture and vehicles | 24 | €53,830 | €39,600 | -€14,230 | -26.4% |
| Financial fixed assets | 28 | €1,635 | €1,635 | = | 0.0% |
| Current assets | 29/58 | €73,054 | €79,610 | +€6,556 | +9.0% |
| Amounts receivable within one year | 40/41 | €30,476 | €16,610 | -€13,865 | -45.5% |
| Trade receivables | 40 | €29,759 | €15,377 | -€14,382 | -48.3% |
| Other amounts receivable | 41 | €716 | €1,234 | +€517 | +72.2% |
| Cash at bank and in hand | 54/58 | €41,580 | €48,791 | +€7,211 | +17.3% |
| Deferred charges and accrued income | 490/1 | €998 | €14,208 | +€13,210 | +1323.8% |
| Total equity and liabilities | 10/49 | €128,518 | €122,348 | -€6,171 | -4.8% |
| Equity | 10/15 | €93,645 | €98,917 | +€5,272 | +5.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €87,445 | €92,717 | +€5,272 | +6.0% |
| Distributable reserves | 133 | €87,445 | €92,717 | +€5,272 | +6.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €34,874 | €23,431 | -€11,443 | -32.8% |
| Amounts payable after more than one year | 17 | €15,886 | €5,750 | -€10,136 | -63.8% |
| Financial debts | 170/4 | €15,886 | €5,750 | -€10,136 | -63.8% |
| Amounts payable within one year | 42/48 | €18,988 | €17,681 | -€1,307 | -6.9% |
| Current portion of amounts payable after more than one year | 42 | €11,668 | €11,136 | -€532 | -4.6% |
| Trade debts | 44 | €2,009 | €922 | -€1,087 | -54.1% |
| Suppliers | 440/4 | €2,009 | €922 | -€1,087 | -54.1% |
| Taxes, remuneration and social security | 45 | €1,669 | €2,055 | +€385 | +23.1% |
| Taxes | 450/3 | €1,669 | €2,055 | +€385 | +23.1% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €3,641 | €3,568 | -€73 | -2.0% |
| Non-recurring operating income | 76A | €414 | €0 | -€414 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,494 | €19,918 | -€2,576 | -11.5% |
| Other operating charges | 640/8 | €9,362 | €11,109 | +€1,747 | +18.7% |
| Gross operating margin | 9900 | €44,258 | €40,493 | -€3,765 | -8.5% |
| Operating profit (loss) | 9901 | €12,402 | €9,466 | -€2,935 | -23.7% |
| Financial income | 75/76B | €50 | €49 | -€1 | -1.7% |
| Recurring financial income | 75 | €50 | €49 | -€1 | -1.7% |
| Financial charges | 65/66B | €1,875 | €1,643 | -€232 | -12.4% |
| Recurring financial charges | 65 | €1,875 | €1,643 | -€232 | -12.4% |
| Profit (loss) for the period before taxes | 9903 | €10,576 | €7,872 | -€2,704 | -25.6% |
| Income taxes | 67/77 | €1,841 | €1,766 | -€74 | -4.0% |
| Profit (loss) for the period | 9904 | €8,736 | €6,105 | -€2,630 | -30.1% |
| Profit (loss) for the period to be appropriated | 9905 | €8,736 | €6,105 | -€2,630 | -30.1% |
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 5 October 2026 via checked.be.