MAEX PRECISION - PRODUCTION: 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.
What changed
MAEX PRECISION - PRODUCTION
NACE 24.100, Manufacture of basic metals
financial year 31-12-2025 compared with 31-12-2024filed annual accounts (NBB)
Net result for the year
€192,248
31-12-2024 · -€99,075+€291,323
Equity
€1.5m
31-12-2024 · €1.3m+€192,248
Cash
€20,277
31-12-2024 · €14,455+€5,822
Balance sheet total
€3.9m
31-12-2024 · €3.8m+€129,515
Largest movements
Assets
- Receivables within one year +€286,314
up €286,314 (+35.3%), from €811,293 to €1.1m
of which Trade receivables: +€308,651
- Tangible fixed assets -€217,759
down €217,759 (-10.4%), from €2.1m to €1.9m
of which Land and buildings: -€129,215
- Stocks and contracts +€75,600
up €75,600 (+9.1%), from €826,489 to €902,089
Equity and liabilities
- Debts after one year -€243,649
down €243,649 (-20.5%), from €1.2m to €947,735
of which Financial debts: -€243,707
- Profit (loss) carried forward +€192,248
up €192,248 (+48.2%), from -€398,896 to -€206,648
- Trade debts +€97,334
up €97,334 (+27.5%), from €353,980 to €451,314
- Short-term financial debts +€90,269
up €90,269 (+15.5%), from €581,422 to €671,691
Income statement
- Gross operating margin +€227,014
up €227,014 (+29.3%), from €773,754 to €1.0m
- Staff costs -€51,315
down €51,315 (-9.7%), from €526,365 to €475,050
- Depreciation -€12,255
down €12,255 (-4.8%), from €255,347 to €243,093
From the 31-12-2024 result to the 31-12-2025 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.
Result 31-12-2024
-€99,075
Gross operating margin
+€227,014
Staff costs
+€51,315
Depreciation
+€12,255
Other operating charges
-€634
Financial income
-€5,633
Financial charges
+€6,990
Taxes
+€17
Result 31-12-2025
€192,248
raises the resultlowers the result
Derived cash bridge
Derived from the 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€219,198
Investment
-€25,334
Financing
-€188,041
Cash 31-12-2024
€14,455
From operations (derived)
+€219,198
Net result for the year
+€192,248
Depreciation
+€243,093
Stocks and contracts
-€75,600
Receivables within one year
-€286,314
Deferred charges and accrued income
+€20,463
Trade debts
+€97,334
Tax, wage and social debts
+€28,956
Accrued charges and deferred income
-€982
Investment (derived)
-€25,334
Investment in fixed assets (net)
-€25,334
Financing
-€188,041
Debts after one year
-€243,649
Current portion of long-term debt
-€34,662
Short-term financial debts
+€90,269
Cash 31-12-2025
€20,277
brings cash intakes cash out
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,812,428 | €3,941,943 | +€129,515 | +3.4% |
| Fixed assets | 21/28 | €2,084,729 | €1,866,970 | -€217,759 | -10.4% |
| Tangible fixed assets | 22/27 | €2,084,577 | €1,866,818 | -€217,759 | -10.4% |
| Land and buildings | 22 | €1,636,853 | €1,507,638 | -€129,215 | -7.9% |
| Plant, machinery and equipment | 23 | €411,827 | €333,508 | -€78,318 | -19.0% |
| Furniture and vehicles | 24 | €31,591 | €25,057 | -€6,535 | -20.7% |
| Other tangible fixed assets | 26 | €4,306 | €615 | -€3,691 | -85.7% |
| Financial fixed assets | 28 | €152 | €152 | = | 0.0% |
| Current assets | 29/58 | €1,727,700 | €2,074,973 | +€347,273 | +20.1% |
| Stocks and contracts in progress | 3 | €826,489 | €902,089 | +€75,600 | +9.1% |
| Stocks | 30/36 | €826,489 | €902,089 | +€75,600 | +9.1% |
| Amounts receivable within one year | 40/41 | €811,293 | €1,097,607 | +€286,314 | +35.3% |
| Trade receivables | 40 | €764,547 | €1,073,197 | +€308,651 | +40.4% |
| Other amounts receivable | 41 | €46,746 | €24,410 | -€22,336 | -47.8% |
| Cash at bank and in hand | 54/58 | €14,455 | €20,277 | +€5,822 | +40.3% |
| Deferred charges and accrued income | 490/1 | €75,463 | €55,000 | -€20,463 | -27.1% |
| Total equity and liabilities | 10/49 | €3,812,428 | €3,941,943 | +€129,515 | +3.4% |
| Equity | 10/15 | €1,273,310 | €1,465,558 | +€192,248 | +15.1% |
| Contributions | 10/11 | €605,000 | €605,000 | = | 0.0% |
| Capital | 10 | €605,000 | €605,000 | = | 0.0% |
| Issued capital | 100 | €605,000 | €605,000 | = | 0.0% |
| Revaluation surpluses | 12 | €327,306 | €327,306 | = | 0.0% |
| Reserves | 13 | €739,900 | €739,900 | = | 0.0% |
| Non-distributable reserves | 130/1 | €18,500 | €18,500 | = | 0.0% |
| Legal reserve | 130 | €18,500 | €18,500 | = | 0.0% |
| Distributable reserves | 133 | €721,400 | €721,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€398,896 | -€206,648 | +€192,248 | +48.2% |
| Amounts payable | 17/49 | €2,539,118 | €2,476,385 | -€62,733 | -2.5% |
| Amounts payable after more than one year | 17 | €1,191,383 | €947,735 | -€243,649 | -20.5% |
| Financial debts | 170/4 | €1,020,067 | €776,360 | -€243,707 | -23.9% |
| Other amounts payable | 178/9 | €171,317 | €171,375 | +€58 | 0.0% |
| Amounts payable within one year | 42/48 | €1,346,753 | €1,528,650 | +€181,897 | +13.5% |
| Current portion of amounts payable after more than one year | 42 | €311,080 | €276,418 | -€34,662 | -11.1% |
| Financial debts | 43 | €581,422 | €671,691 | +€90,269 | +15.5% |
| Credit institutions | 430/8 | €581,422 | €671,691 | +€90,269 | +15.5% |
| Trade debts | 44 | €353,980 | €451,314 | +€97,334 | +27.5% |
| Suppliers | 440/4 | €353,980 | €451,314 | +€97,334 | +27.5% |
| Taxes, remuneration and social security | 45 | €100,272 | €129,228 | +€28,956 | +28.9% |
| Taxes | 450/3 | €7,739 | €54,908 | +€47,169 | +609% |
| Remuneration and social security | 454/9 | €92,533 | €74,320 | -€18,213 | -19.7% |
| Accrued charges and deferred income | 492/3 | €982 | €0 | -€982 | -100% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €526,365 | €475,050 | -€51,315 | -9.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €255,347 | €243,093 | -€12,255 | -4.8% |
| Other operating charges | 640/8 | €20,224 | €20,859 | +€634 | +3.1% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €773,754 | €1,000,768 | +€227,014 | +29.3% |
| Operating profit (loss) | 9901 | -€28,182 | €261,767 | +€289,949 | |
| Financial income | 75/76B | €7,241 | €1,608 | -€5,633 | -77.8% |
| Recurring financial income | 75 | €7,241 | €1,608 | -€5,633 | -77.8% |
| Financial charges | 65/66B | €78,117 | €71,127 | -€6,990 | -8.9% |
| Recurring financial charges | 65 | €78,117 | €71,127 | -€6,990 | -8.9% |
| Profit (loss) for the period before taxes | 9903 | -€99,058 | €192,248 | +€291,306 | |
| Income taxes | 67/77 | €17 | €0 | -€17 | -100% |
| Profit (loss) for the period | 9904 | -€99,075 | €192,248 | +€291,323 | |
| Profit (loss) for the period to be appropriated | 9905 | -€99,075 | €192,248 | +€291,323 |
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 21 October 2026 via checked.be.