MAI: 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.
MAI
Largest movements
- Receivables within one year +€70,000
up €70,000 (+6.7%), from €1.1m to €1.1m
of which Other amounts receivable: +€70,000
- Other debts +€69,999
up €69,999 (+21.9%), from €320,279 to €390,278
- Gross operating margin +€228
up €228 (+24.2%), from €943 to €1,171
- Financial charges +€156
up €156 (+247.6%), from €63 to €219
- Other operating charges +€30
up €30 (+3.1%), from €968 to €998
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 | €1,576,241 | €1,646,194 | +€69,953 | +4.4% |
| Fixed assets | 21/28 | €524,094 | €524,094 | = | 0.0% |
| Tangible fixed assets | 22/27 | €10,288 | €10,288 | = | 0.0% |
| Land and buildings | 22 | €10,288 | €10,288 | = | 0.0% |
| Financial fixed assets | 28 | €513,806 | €513,806 | = | 0.0% |
| Current assets | 29/58 | €1,052,147 | €1,122,100 | +€69,953 | +6.6% |
| Amounts receivable within one year | 40/41 | €1,052,052 | €1,122,052 | +€70,000 | +6.7% |
| Trade receivables | 40 | €2,000 | €2,000 | = | 0.0% |
| Other amounts receivable | 41 | €1,050,052 | €1,120,052 | +€70,000 | +6.7% |
| Cash at bank and in hand | 54/58 | €95 | €48 | -€47 | -49.5% |
| Total equity and liabilities | 10/49 | €1,576,241 | €1,646,194 | +€69,953 | +4.4% |
| Equity | 10/15 | €1,255,962 | €1,255,916 | -€46 | 0.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,187,762 | €1,187,716 | -€46 | 0.0% |
| Amounts payable | 17/49 | €320,279 | €390,278 | +€69,999 | +21.9% |
| Amounts payable within one year | 42/48 | €320,279 | €390,278 | +€69,999 | +21.9% |
| Other amounts payable | 47/48 | €320,279 | €390,278 | +€69,999 | +21.9% |
| Other operating charges | 640/8 | €968 | €998 | +€30 | +3.1% |
| Gross operating margin | 9900 | €943 | €1,171 | +€228 | +24.2% |
| Operating profit (loss) | 9901 | -€25 | €173 | +€198 | |
| Financial charges | 65/66B | €63 | €219 | +€156 | +247.6% |
| Recurring financial charges | 65 | €63 | €219 | +€156 | +247.6% |
| Profit (loss) for the period before taxes | 9903 | -€88 | -€46 | +€42 | +47.7% |
| Profit (loss) for the period | 9904 | -€88 | -€46 | +€42 | +47.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€88 | -€46 | +€42 | +47.7% |
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.