Maide: 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.
Maide
Largest movements
- Tangible fixed assets +€320,028
up €320,028 (+3822.7%), from €8,372 to €328,400
of which Land and buildings: +€314,006
- Receivables within one year -€172,268
down €172,268 (-94.4%), from €182,541 to €10,273
of which Other amounts receivable: -€172,268
- Cash -€41,312
down €41,312 (-57.1%), from €72,367 to €31,055
mainly Investment in fixed assets (net) (-€326,729) and Contributions, distributions and other (-€224,902)
- Debts after one year +€271,939
new in 2025: €271,939
- Profit (loss) carried forward -€182,654
down €182,654 (-81.2%), from €224,902 to €42,247
- Current portion of long-term debt +€25,927
new in 2025: €25,927
- Tax, wage and social debts -€10,682
down €10,682 (-29.0%), from €36,866 to €26,183
of which Taxes: -€10,194
- Other operating charges +€37,163
up €37,163 (+1204.8%), from €3,084 to €40,247
- Gross operating margin +€10,201
up €10,201 (+7.5%), from €135,562 to €145,764
- Financial income -€8,179
down €8,179 (-99.8%), from €8,192 to €13
- Taxes -€6,523
down €6,523 (-30.7%), from €21,250 to €14,727
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 | €265,533 | €372,760 | +€107,228 | +40.4% |
| Fixed assets | 21/28 | €8,372 | €328,400 | +€320,028 | +3822.7% |
| Tangible fixed assets | 22/27 | €8,372 | €328,400 | +€320,028 | +3822.7% |
| Land and buildings | 22 | - | €314,006 | +€314,006 | |
| Plant, machinery and equipment | 23 | €947 | €0 | -€947 | -100.0% |
| Furniture and vehicles | 24 | €7,424 | €14,394 | +€6,970 | +93.9% |
| Current assets | 29/58 | €257,161 | €44,361 | -€212,800 | -82.7% |
| Amounts receivable within one year | 40/41 | €182,541 | €10,273 | -€172,268 | -94.4% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €182,541 | €10,273 | -€172,268 | -94.4% |
| Cash at bank and in hand | 54/58 | €72,367 | €31,055 | -€41,312 | -57.1% |
| Deferred charges and accrued income | 490/1 | €2,253 | €3,032 | +€780 | +34.6% |
| Total equity and liabilities | 10/49 | €265,533 | €372,760 | +€107,228 | +40.4% |
| Equity | 10/15 | €225,902 | €43,247 | -€182,654 | -80.9% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €224,902 | €42,247 | -€182,654 | -81.2% |
| Amounts payable | 17/49 | €39,631 | €329,513 | +€289,882 | +731.5% |
| Amounts payable after more than one year | 17 | - | €271,939 | +€271,939 | |
| Financial debts | 170/4 | - | €271,939 | +€271,939 | |
| Amounts payable within one year | 42/48 | €39,631 | €57,574 | +€17,943 | +45.3% |
| Current portion of amounts payable after more than one year | 42 | - | €25,927 | +€25,927 | |
| Trade debts | 44 | €2,765 | €2,737 | -€28 | -1.0% |
| Suppliers | 440/4 | €2,765 | €2,737 | -€28 | -1.0% |
| Taxes, remuneration and social security | 45 | €36,866 | €26,183 | -€10,682 | -29.0% |
| Taxes | 450/3 | €33,244 | €23,050 | -€10,194 | -30.7% |
| Remuneration and social security | 454/9 | €3,622 | €3,133 | -€489 | -13.5% |
| Other amounts payable | 47/48 | - | €2,727 | +€2,727 | |
| Remuneration, social security and pensions | 62 | €35,774 | €36,991 | +€1,217 | +3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,412 | €6,701 | +€1,289 | +23.8% |
| Other operating charges | 640/8 | €3,084 | €40,247 | +€37,163 | +1204.8% |
| Gross operating margin | 9900 | €135,562 | €145,764 | +€10,201 | +7.5% |
| Operating profit (loss) | 9901 | €91,293 | €61,825 | -€29,468 | -32.3% |
| Financial income | 75/76B | €8,192 | €13 | -€8,179 | -99.8% |
| Recurring financial income | 75 | €8,192 | €13 | -€8,179 | -99.8% |
| Financial charges | 65/66B | €3,843 | €4,863 | +€1,020 | +26.5% |
| Recurring financial charges | 65 | €3,843 | €4,863 | +€1,020 | +26.5% |
| Profit (loss) for the period before taxes | 9903 | €95,642 | €56,974 | -€38,667 | -40.4% |
| Income taxes | 67/77 | €21,250 | €14,727 | -€6,523 | -30.7% |
| Profit (loss) for the period | 9904 | €74,392 | €42,247 | -€32,145 | -43.2% |
| Profit (loss) for the period to be appropriated | 9905 | €74,392 | €42,247 | -€32,145 | -43.2% |
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 29 September 2026 via checked.be.