MAEVA & GREG: 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.
MAEVA & GREG
Largest movements
- Cash +€15,558
up €15,558 (+47.3%), from €32,885 to €48,442
mainly Net result for the year (+€16,439) and Receivables within one year (+€7,326)
- Receivables within one year -€7,326
down €7,326 (-56.9%), from €12,871 to €5,545
of which Trade receivables: -€7,249
- Intangible fixed assets -€6,000
down €6,000 (-22.2%), from €27,000 to €21,000
- Tangible fixed assets -€893
down €893 (-58.7%), from €1,520 to €627
of which Furniture and vehicles: -€674
- Profit (loss) carried forward +€11,710
up €11,710 (+34.5%), from €33,906 to €45,616
- Tax, wage and social debts -€4,480
down €4,480 (-64.8%), from €6,910 to €2,430
of which Taxes: -€2,981
- Trade debts -€3,661
down €3,661 (-40.0%), from €9,161 to €5,500
- Advances received -€1,426
no longer reported in 2025 (was €1,426)
- Other debts -€1,390
down €1,390 (-6.9%), from €20,083 to €18,693
- Staff costs -€2,279
down €2,279 (-4.9%), from €46,856 to €44,576
- Taxes +€1,618
up €1,618 (+37.8%), from €4,276 to €5,894
- Other operating charges +€1,304
up €1,304 (+198.4%), from €657 to €1,961
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 | €77,486 | €78,739 | +€1,253 | +1.6% |
| Fixed assets | 21/28 | €28,645 | €21,752 | -€6,893 | -24.1% |
| Intangible fixed assets | 21 | €27,000 | €21,000 | -€6,000 | -22.2% |
| Tangible fixed assets | 22/27 | €1,520 | €627 | -€893 | -58.7% |
| Plant, machinery and equipment | 23 | €846 | €627 | -€219 | -25.8% |
| Furniture and vehicles | 24 | €674 | - | -€674 | |
| Financial fixed assets | 28 | €125 | €125 | = | 0.0% |
| Current assets | 29/58 | €48,841 | €56,987 | +€8,146 | +16.7% |
| Stocks and contracts in progress | 3 | €3,000 | €3,000 | = | 0.0% |
| Stocks | 30/36 | €3,000 | €3,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €12,871 | €5,545 | -€7,326 | -56.9% |
| Trade receivables | 40 | €12,038 | €4,789 | -€7,249 | -60.2% |
| Other amounts receivable | 41 | €833 | €756 | -€77 | -9.3% |
| Cash at bank and in hand | 54/58 | €32,885 | €48,442 | +€15,558 | +47.3% |
| Deferred charges and accrued income | 490/1 | €85 | - | -€85 | |
| Total equity and liabilities | 10/49 | €77,486 | €78,739 | +€1,253 | +1.6% |
| Equity | 10/15 | €36,406 | €48,116 | +€11,710 | +32.2% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €33,906 | €45,616 | +€11,710 | +34.5% |
| Amounts payable | 17/49 | €41,080 | €30,623 | -€10,457 | -25.5% |
| Amounts payable within one year | 42/48 | €41,080 | €30,623 | -€10,457 | -25.5% |
| Current portion of amounts payable after more than one year | 42 | €3,500 | €4,000 | +€500 | +14.3% |
| Trade debts | 44 | €9,161 | €5,500 | -€3,661 | -40.0% |
| Suppliers | 440/4 | €9,161 | €5,500 | -€3,661 | -40.0% |
| Advances received on contracts in progress | 46 | €1,426 | - | -€1,426 | |
| Taxes, remuneration and social security | 45 | €6,910 | €2,430 | -€4,480 | -64.8% |
| Taxes | 450/3 | €3,977 | €996 | -€2,981 | -75.0% |
| Remuneration and social security | 454/9 | €2,934 | €1,434 | -€1,499 | -51.1% |
| Other amounts payable | 47/48 | €20,083 | €18,693 | -€1,390 | -6.9% |
| Non-recurring operating income | 76A | - | €57 | +€57 | |
| Remuneration, social security and pensions | 62 | €46,856 | €44,576 | -€2,279 | -4.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,998 | €6,893 | -€105 | -1.5% |
| Other operating charges | 640/8 | €657 | €1,961 | +€1,304 | +198.4% |
| Gross operating margin | 9900 | €76,563 | €77,184 | +€620 | +0.8% |
| Operating profit (loss) | 9901 | €22,053 | €23,753 | +€1,700 | +7.7% |
| Financial income | 75/76B | €46 | €83 | +€37 | +80.4% |
| Recurring financial income | 75 | €46 | €83 | +€37 | +80.4% |
| Financial charges | 65/66B | €1,516 | €1,503 | -€13 | -0.9% |
| Recurring financial charges | 65 | €1,516 | €1,503 | -€13 | -0.9% |
| Profit (loss) for the period before taxes | 9903 | €20,583 | €22,333 | +€1,750 | +8.5% |
| Income taxes | 67/77 | €4,276 | €5,894 | +€1,618 | +37.8% |
| Profit (loss) for the period | 9904 | €16,307 | €16,439 | +€132 | +0.8% |
| Profit (loss) for the period to be appropriated | 9905 | €16,307 | €16,439 | +€132 | +0.8% |
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 6 October 2026 via checked.be.