MAIDAH: 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.
MAIDAH
Largest movements
- Receivables within one year +€80,305
up €80,305 (+58.0%), from €138,347 to €218,652
of which Trade receivables: +€76,688
- Cash +€11,086
up €11,086 (+226%), from €4,907 to €15,993
mainly Trade debts (+€57,697) and Other debts (+€29,553)
- Stocks and contracts +€4,221
up €4,221 (+7.7%), from €54,827 to €59,047
- Trade debts +€57,697
up €57,697 (+36.7%), from €157,315 to €215,011
- Other debts +€29,553
up €29,553 (+142%), from €20,817 to €50,370
- Profit (loss) carried forward +€8,529
up €8,529 (+232%), from €3,669 to €12,199
- Gross operating margin +€13,573
up €13,573 (+36.3%), from €37,355 to €50,928
- Financial charges +€8,622
up €8,622 (+6,509%), from €132 to €8,754
of which Non-recurring financial charges: +€8,122
- Staff costs +€7,199
new in 2024: €7,199
- Depreciation +€2,132
up €2,132 (+70.4%), from €3,030 to €5,162
- Taxes +€1,926
up €1,926 (+210%), from €917 to €2,843
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €205,448 | €301,480 | +€96,032 | +46.7% |
| Fixed assets | 21/28 | €6,553 | €7,787 | +€1,234 | +18.8% |
| Tangible fixed assets | 22/27 | €6,553 | €7,787 | +€1,234 | +18.8% |
| Plant, machinery and equipment | 23 | €1,448 | €724 | -€724 | -50.0% |
| Furniture and vehicles | 24 | €5,105 | €7,063 | +€1,958 | +38.3% |
| Current assets | 29/58 | €198,895 | €293,693 | +€94,798 | +47.7% |
| Stocks and contracts in progress | 3 | €54,827 | €59,047 | +€4,221 | +7.7% |
| Stocks | 30/36 | €54,827 | €59,047 | +€4,221 | +7.7% |
| Amounts receivable within one year | 40/41 | €138,347 | €218,652 | +€80,305 | +58.0% |
| Trade receivables | 40 | €138,347 | €215,035 | +€76,688 | +55.4% |
| Other amounts receivable | 41 | - | €3,617 | +€3,617 | |
| Cash at bank and in hand | 54/58 | €4,907 | €15,993 | +€11,086 | +226% |
| Deferred charges and accrued income | 490/1 | €814 | - | -€814 | |
| Total equity and liabilities | 10/49 | €205,448 | €301,480 | +€96,032 | +46.7% |
| Equity | 10/15 | €21,669 | €30,199 | +€8,529 | +39.4% |
| Contributions | 10/11 | €18,000 | €18,000 | = | 0.0% |
| Contributions outside capital | 11 | €18,000 | €18,000 | = | 0.0% |
| Other | 1109/19 | €18,000 | €18,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,669 | €12,199 | +€8,529 | +232% |
| Amounts payable | 17/49 | €183,779 | €271,281 | +€87,502 | +47.6% |
| Amounts payable within one year | 42/48 | €183,779 | €271,281 | +€87,502 | +47.6% |
| Trade debts | 44 | €157,315 | €215,011 | +€57,697 | +36.7% |
| Suppliers | 440/4 | €157,315 | €215,011 | +€57,697 | +36.7% |
| Taxes, remuneration and social security | 45 | €5,647 | €5,900 | +€253 | +4.5% |
| Taxes | 450/3 | €5,647 | €2,843 | -€2,804 | -49.7% |
| Remuneration and social security | 454/9 | - | €3,056 | +€3,056 | |
| Other amounts payable | 47/48 | €20,817 | €50,370 | +€29,553 | +142% |
| Remuneration, social security and pensions | 62 | - | €7,199 | +€7,199 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,030 | €5,162 | +€2,132 | +70.4% |
| Other operating charges | 640/8 | €248 | €440 | +€192 | +77.6% |
| Gross operating margin | 9900 | €37,355 | €50,928 | +€13,573 | +36.3% |
| Operating profit (loss) | 9901 | €34,077 | €38,127 | +€4,049 | +11.9% |
| Financial charges | 65/66B | €132 | €8,754 | +€8,622 | +6,509% |
| Recurring financial charges | 65 | €132 | €632 | +€500 | +377% |
| Non-recurring financial charges | 66B | - | €8,122 | +€8,122 | |
| Profit (loss) for the period before taxes | 9903 | €33,945 | €29,373 | -€4,572 | -13.5% |
| Income taxes | 67/77 | €917 | €2,843 | +€1,926 | +210% |
| Profit (loss) for the period | 9904 | €33,027 | €26,529 | -€6,498 | -19.7% |
| Profit (loss) for the period to be appropriated | 9905 | €33,027 | €26,529 | -€6,498 | -19.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.