Maia: 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.
Maia
Largest movements
- Tangible fixed assets -€10,838
down €10,838 (-41.2%), from €26,324 to €15,486
of which Other tangible fixed assets: -€8,242
- Receivables within one year -€7,789
down €7,789 (-45.0%), from €17,291 to €9,502
of which Other amounts receivable: -€4,155
- Cash +€2,911
up €2,911 (+4.9%), from €59,058 to €61,969
mainly Depreciation (+€10,838) and Net result for the year (+€8,876)
- Trade debts -€9,113
down €9,113 (-44.7%), from €20,370 to €11,257
- Reserves +€8,876
up €8,876 (+76.4%), from €11,623 to €20,499
- Current portion of long-term debt -€7,872
down €7,872 (-62.6%), from €12,567 to €4,695
- Debts after one year -€4,695
down €4,695 (-69.7%), from €6,735 to €2,040
- Tax, wage and social debts -€2,934
down €2,934 (-17.6%), from €16,655 to €13,721
of which Taxes: -€4,972
- Other operating charges +€4,161
up €4,161 (+172.7%), from €2,409 to €6,570
- Taxes +€3,380
up €3,380 (+290.8%), from €1,162 to €4,543
- Financial charges +€2,841
up €2,841 (+161.9%), from €1,754 to €4,596
- Staff costs +€2,370
up €2,370 (+3.4%), from €69,750 to €72,121
- Depreciation -€2,290
down €2,290 (-17.4%), from €13,128 to €10,838
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 | €110,551 | €95,131 | -€15,420 | -13.9% |
| Fixed assets | 21/28 | €26,324 | €15,486 | -€10,838 | -41.2% |
| Tangible fixed assets | 22/27 | €26,324 | €15,486 | -€10,838 | -41.2% |
| Plant, machinery and equipment | 23 | €5,165 | €3,491 | -€1,675 | -32.4% |
| Furniture and vehicles | 24 | €1,828 | €906 | -€921 | -50.4% |
| Other tangible fixed assets | 26 | €19,330 | €11,089 | -€8,242 | -42.6% |
| Current assets | 29/58 | €84,227 | €79,645 | -€4,583 | -5.4% |
| Stocks and contracts in progress | 3 | €6,852 | €7,263 | +€411 | +6.0% |
| Stocks | 30/36 | €6,852 | €7,263 | +€411 | +6.0% |
| Amounts receivable within one year | 40/41 | €17,291 | €9,502 | -€7,789 | -45.0% |
| Trade receivables | 40 | €9,291 | €5,657 | -€3,634 | -39.1% |
| Other amounts receivable | 41 | €8,000 | €3,845 | -€4,155 | -51.9% |
| Cash at bank and in hand | 54/58 | €59,058 | €61,969 | +€2,911 | +4.9% |
| Deferred charges and accrued income | 490/1 | €1,027 | €911 | -€116 | -11.2% |
| Total equity and liabilities | 10/49 | €110,551 | €95,131 | -€15,420 | -13.9% |
| Equity | 10/15 | €41,623 | €50,499 | +€8,876 | +21.3% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €11,623 | €20,499 | +€8,876 | +76.4% |
| Distributable reserves | 133 | €11,623 | €20,499 | +€8,876 | +76.4% |
| Amounts payable | 17/49 | €68,928 | €44,632 | -€24,297 | -35.2% |
| Amounts payable after more than one year | 17 | €6,735 | €2,040 | -€4,695 | -69.7% |
| Financial debts | 170/4 | €6,735 | €2,040 | -€4,695 | -69.7% |
| Amounts payable within one year | 42/48 | €62,193 | €42,592 | -€19,601 | -31.5% |
| Current portion of amounts payable after more than one year | 42 | €12,567 | €4,695 | -€7,872 | -62.6% |
| Trade debts | 44 | €20,370 | €11,257 | -€9,113 | -44.7% |
| Suppliers | 440/4 | €20,370 | €11,257 | -€9,113 | -44.7% |
| Taxes, remuneration and social security | 45 | €16,655 | €13,721 | -€2,934 | -17.6% |
| Taxes | 450/3 | €6,341 | €1,369 | -€4,972 | -78.4% |
| Remuneration and social security | 454/9 | €10,315 | €12,352 | +€2,038 | +19.8% |
| Other amounts payable | 47/48 | €12,601 | €12,919 | +€318 | +2.5% |
| Remuneration, social security and pensions | 62 | €69,750 | €72,121 | +€2,370 | +3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,128 | €10,838 | -€2,290 | -17.4% |
| Other operating charges | 640/8 | €2,409 | €6,570 | +€4,161 | +172.7% |
| Gross operating margin | 9900 | €106,187 | €104,895 | -€1,292 | -1.2% |
| Operating profit (loss) | 9901 | €20,901 | €15,367 | -€5,534 | -26.5% |
| Financial income | 75/76B | €1,759 | €2,647 | +€889 | +50.5% |
| Recurring financial income | 75 | €1,759 | €2,647 | +€889 | +50.5% |
| Financial charges | 65/66B | €1,754 | €4,596 | +€2,841 | +161.9% |
| Recurring financial charges | 65 | €1,754 | €4,596 | +€2,841 | +161.9% |
| Profit (loss) for the period before taxes | 9903 | €20,905 | €13,419 | -€7,486 | -35.8% |
| Income taxes | 67/77 | €1,162 | €4,543 | +€3,380 | +290.8% |
| Profit (loss) for the period | 9904 | €19,743 | €8,876 | -€10,867 | -55.0% |
| Profit (loss) for the period to be appropriated | 9905 | €19,743 | €8,876 | -€10,867 | -55.0% |
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 12 October 2026 via checked.be.