MAEYBO: 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.
MAEYBO
Largest movements
- Cash +€20,608
up €20,608 (+103%), from €19,912 to €40,520
mainly Net result for the year (+€25,542) and Tax, wage and social debts (+€3,270)
- Receivables within one year +€4,568
up €4,568 (+42.7%), from €10,698 to €15,265
of which Trade receivables: +€4,789
- Deferred charges and accrued income -€1,936
down €1,936 (-72.5%), from €2,671 to €736
- Tangible fixed assets +€1,208
up €1,208 (+117%), from €1,032 to €2,240
- Profit (loss) carried forward +€25,542
up €25,542 (+61.6%), from -€41,436 to -€15,894
- Advances received -€4,610
down €4,610 (-100%), from €4,610 to €0
- Tax, wage and social debts +€3,270
up €3,270 (+285%), from €1,146 to €4,416
- Other debts +€1,247
up €1,247 (+141%), from €887 to €2,135
- Trade debts -€1,001
down €1,001 (-33.9%), from €2,950 to €1,949
- Gross operating margin +€21,412
up €21,412 (+280%), from €7,639 to €29,051
- Taxes +€1,339
up €1,339 (+837%), from €160 to €1,499
- Financial charges -€466
down €466 (-57.4%), from €811 to €345
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 | €34,313 | €58,761 | +€24,448 | +71.2% |
| Fixed assets | 21/28 | €1,032 | €2,240 | +€1,208 | +117% |
| Tangible fixed assets | 22/27 | €1,032 | €2,240 | +€1,208 | +117% |
| Furniture and vehicles | 24 | €1,032 | €2,240 | +€1,208 | +117% |
| Current assets | 29/58 | €33,281 | €56,521 | +€23,240 | +69.8% |
| Amounts receivable within one year | 40/41 | €10,698 | €15,265 | +€4,568 | +42.7% |
| Trade receivables | 40 | €10,366 | €15,156 | +€4,789 | +46.2% |
| Other amounts receivable | 41 | €331 | €109 | -€222 | -67.0% |
| Cash at bank and in hand | 54/58 | €19,912 | €40,520 | +€20,608 | +103% |
| Deferred charges and accrued income | 490/1 | €2,671 | €736 | -€1,936 | -72.5% |
| Total equity and liabilities | 10/49 | €34,313 | €58,761 | +€24,448 | +71.2% |
| Equity | 10/15 | €24,719 | €50,261 | +€25,542 | +103% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Reserves | 13 | €62,655 | €62,655 | = | 0.0% |
| Distributable reserves | 133 | €62,655 | €62,655 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€41,436 | -€15,894 | +€25,542 | +61.6% |
| Amounts payable | 17/49 | €9,594 | €8,500 | -€1,094 | -11.4% |
| Amounts payable within one year | 42/48 | €9,594 | €8,500 | -€1,094 | -11.4% |
| Trade debts | 44 | €2,950 | €1,949 | -€1,001 | -33.9% |
| Suppliers | 440/4 | €2,950 | €1,949 | -€1,001 | -33.9% |
| Advances received on contracts in progress | 46 | €4,610 | €0 | -€4,610 | -100% |
| Taxes, remuneration and social security | 45 | €1,146 | €4,416 | +€3,270 | +285% |
| Taxes | 450/3 | €1,146 | €4,416 | +€3,270 | +285% |
| Other amounts payable | 47/48 | €887 | €2,135 | +€1,247 | +141% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €439 | €592 | +€153 | +34.8% |
| Other operating charges | 640/8 | €1,050 | €1,079 | +€29 | +2.8% |
| Gross operating margin | 9900 | €7,639 | €29,051 | +€21,412 | +280% |
| Operating profit (loss) | 9901 | €6,149 | €27,379 | +€21,230 | +345% |
| Financial income | 75/76B | €0 | €7 | +€7 | +34,950% |
| Recurring financial income | 75 | €0 | €7 | +€7 | +34,950% |
| Financial charges | 65/66B | €811 | €345 | -€466 | -57.4% |
| Recurring financial charges | 65 | €811 | €345 | -€466 | -57.4% |
| Profit (loss) for the period before taxes | 9903 | €5,338 | €27,041 | +€21,703 | +407% |
| Income taxes | 67/77 | €160 | €1,499 | +€1,339 | +837% |
| Profit (loss) for the period | 9904 | €5,178 | €25,542 | +€20,363 | +393% |
| Profit (loss) for the period to be appropriated | 9905 | €5,178 | €25,542 | +€20,363 | +393% |
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 22 October 2026 via checked.be.