MAI 68: 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.
What changed
MAI 68
NACE 47.716, Retail sale of clothing and accessories for women, men, children and babies (general range)
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€63,159
2024 · €36,454+€26,705
Equity
€789,963
2024 · €726,804+€63,159
Cash
€188,699
2024 · €179,585+€9,114
Balance sheet total
€1.8m
2024 · €1.9m-€160,126
Largest movements
Assets
- Tangible fixed assets -€121,307
down €121,307 (-10.6%), from €1.1m to €1.0m
of which Land and buildings: -€117,632
- Receivables within one year -€30,220
down €30,220 (-62.3%), from €48,540 to €18,320
of which Trade receivables: -€30,220
Equity and liabilities
- Debts after one year -€139,030
down €139,030 (-16.0%), from €868,724 to €729,694
of which Financial debts: -€148,942
- Trade debts -€100,505
down €100,505 (-70.1%), from €143,390 to €42,885
- Profit (loss) carried forward +€63,159
up €63,159 (+9.8%), from €644,304 to €707,463
Income statement
- Gross operating margin +€38,052
up €38,052 (+10.9%), from €349,521 to €387,573
- Taxes +€10,148
up €10,148 (+83.0%), from €12,231 to €22,379
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.
Result 2024
€36,454
Gross operating margin
+€38,052
Staff costs
-€3,163
Depreciation
+€618
Other operating charges
-€3,536
Financial income
+€3,560
Financial charges
+€1,322
Taxes
-€10,148
Result 2025
€63,159
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.
From operations
+€138,752
Investment
+€7,920
Financing
-€137,558
Cash 2024
€179,585
From operations (derived)
+€138,752
Net result for the year
+€63,159
Depreciation
+€121,307
Stocks and contracts
+€10,606
Receivables within one year
+€30,220
Deferred charges and accrued income
-€813
Trade debts
-€100,505
Tax, wage and social debts
+€10,515
Other debts
+€15
Accrued charges and deferred income
+€4,248
Investment (derived)
+€7,920
Investment in fixed assets (net)
-€10,000
Current investments
+€17,920
Financing
-€137,558
Debts after one year
-€139,030
Current portion of long-term debt
+€1,472
Cash 2025
€188,699
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,934,696 | €1,774,570 | -€160,126 | -8.3% |
| Fixed assets | 21/28 | €1,173,215 | €1,061,908 | -€111,307 | -9.5% |
| Tangible fixed assets | 22/27 | €1,148,215 | €1,026,908 | -€121,307 | -10.6% |
| Land and buildings | 22 | €1,143,478 | €1,025,846 | -€117,632 | -10.3% |
| Plant, machinery and equipment | 23 | €315 | €108 | -€207 | -65.7% |
| Furniture and vehicles | 24 | €4,422 | €954 | -€3,468 | -78.4% |
| Financial fixed assets | 28 | €25,000 | €35,000 | +€10,000 | +40.0% |
| Current assets | 29/58 | €761,481 | €712,662 | -€48,819 | -6.4% |
| Stocks and contracts in progress | 3 | €199,266 | €188,660 | -€10,606 | -5.3% |
| Stocks | 30/36 | €199,266 | €188,660 | -€10,606 | -5.3% |
| Amounts receivable within one year | 40/41 | €48,540 | €18,320 | -€30,220 | -62.3% |
| Trade receivables | 40 | €45,361 | €15,141 | -€30,220 | -66.6% |
| Other amounts receivable | 41 | €3,179 | €3,179 | = | 0.0% |
| Current investments | 50/53 | €327,194 | €309,274 | -€17,920 | -5.5% |
| Cash at bank and in hand | 54/58 | €179,585 | €188,699 | +€9,114 | +5.1% |
| Deferred charges and accrued income | 490/1 | €6,896 | €7,709 | +€813 | +11.8% |
| Total equity and liabilities | 10/49 | €1,934,696 | €1,774,570 | -€160,126 | -8.3% |
| Equity | 10/15 | €726,804 | €789,963 | +€63,159 | +8.7% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €7,500 | €7,500 | = | 0.0% |
| Distributable reserves | 133 | €7,500 | €7,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €644,304 | €707,463 | +€63,159 | +9.8% |
| Amounts payable | 17/49 | €1,207,892 | €984,607 | -€223,285 | -18.5% |
| Amounts payable after more than one year | 17 | €868,724 | €729,694 | -€139,030 | -16.0% |
| Financial debts | 170/4 | €594,853 | €445,911 | -€148,942 | -25.0% |
| Other amounts payable | 178/9 | €273,871 | €283,783 | +€9,912 | +3.6% |
| Amounts payable within one year | 42/48 | €338,171 | €249,668 | -€88,503 | -26.2% |
| Current portion of amounts payable after more than one year | 42 | €147,470 | €148,942 | +€1,472 | +1.0% |
| Trade debts | 44 | €143,390 | €42,885 | -€100,505 | -70.1% |
| Suppliers | 440/4 | €143,390 | €42,885 | -€100,505 | -70.1% |
| Taxes, remuneration and social security | 45 | €46,931 | €57,446 | +€10,515 | +22.4% |
| Taxes | 450/3 | €26,519 | €35,092 | +€8,573 | +32.3% |
| Remuneration and social security | 454/9 | €20,412 | €22,354 | +€1,942 | +9.5% |
| Other amounts payable | 47/48 | €380 | €395 | +€15 | +3.9% |
| Accrued charges and deferred income | 492/3 | €997 | €5,245 | +€4,248 | +426.1% |
| Remuneration, social security and pensions | 62 | €153,988 | €157,151 | +€3,163 | +2.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €121,925 | €121,307 | -€618 | -0.5% |
| Other operating charges | 640/8 | €13,287 | €16,823 | +€3,536 | +26.6% |
| Gross operating margin | 9900 | €349,521 | €387,573 | +€38,052 | +10.9% |
| Operating profit (loss) | 9901 | €60,321 | €92,292 | +€31,971 | +53.0% |
| Financial income | 75/76B | €17,589 | €21,149 | +€3,560 | +20.2% |
| Recurring financial income | 75 | €17,589 | €21,149 | +€3,560 | +20.2% |
| Financial charges | 65/66B | €29,225 | €27,903 | -€1,322 | -4.5% |
| Recurring financial charges | 65 | €29,225 | €27,903 | -€1,322 | -4.5% |
| Profit (loss) for the period before taxes | 9903 | €48,685 | €85,538 | +€36,853 | +75.7% |
| Income taxes | 67/77 | €12,231 | €22,379 | +€10,148 | +83.0% |
| Profit (loss) for the period | 9904 | €36,454 | €63,159 | +€26,705 | +73.3% |
| Profit (loss) for the period to be appropriated | 9905 | €36,454 | €63,159 | +€26,705 | +73.3% |
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 2 October 2026 via checked.be.