MAIDO: 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.
MAIDO
Largest movements
- Receivables within one year +€19,831
up €19,831 (+13.4%), from €147,708 to €167,539
of which Trade receivables: +€16,027
- Cash +€16,441
up €16,441 (+238.5%), from €6,893 to €23,334
mainly Net result for the year (+€23,190) and Deferred charges and accrued income (+€7,252)
- Deferred charges and accrued income -€7,252
down €7,252 (-16.3%), from €44,366 to €37,114
- Profit (loss) carried forward +€23,190
up €23,190 (+41.1%), from €56,376 to €79,566
- Tax, wage and social debts +€3,907
up €3,907 (+59.4%), from €6,578 to €10,485
- Gross operating margin +€29,690
up €29,690 (+1619.7%), from €1,833 to €31,523
- Taxes +€7,372
up €7,372 (+1694.7%), from €435 to €7,807
- Financial income -€756
no longer reported in 2025 (was €756)
of which Financial income: -€756
- Other operating charges -€325
down €325 (-41.9%), from €775 to €450
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 | €209,739 | €238,759 | +€29,020 | +13.8% |
| Fixed assets | 21/28 | €10,772 | €10,772 | = | 0.0% |
| Financial fixed assets | 28 | €10,772 | €10,772 | = | 0.0% |
| Current assets | 29/58 | €198,967 | €227,987 | +€29,020 | +14.6% |
| Amounts receivable within one year | 40/41 | €147,708 | €167,539 | +€19,831 | +13.4% |
| Trade receivables | 40 | €101,011 | €117,038 | +€16,027 | +15.9% |
| Other amounts receivable | 41 | €46,697 | €50,501 | +€3,804 | +8.1% |
| Cash at bank and in hand | 54/58 | €6,893 | €23,334 | +€16,441 | +238.5% |
| Deferred charges and accrued income | 490/1 | €44,366 | €37,114 | -€7,252 | -16.3% |
| Total equity and liabilities | 10/49 | €209,739 | €238,759 | +€29,020 | +13.8% |
| Equity | 10/15 | €124,549 | €147,739 | +€23,190 | +18.6% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €56,376 | €79,566 | +€23,190 | +41.1% |
| Amounts payable | 17/49 | €85,190 | €91,020 | +€5,830 | +6.8% |
| Amounts payable within one year | 42/48 | €85,190 | €91,020 | +€5,830 | +6.8% |
| Financial debts | 43 | €550 | €550 | = | 0.0% |
| Credit institutions | 430/8 | €550 | €550 | = | 0.0% |
| Trade debts | 44 | €78,062 | €79,985 | +€1,923 | +2.5% |
| Suppliers | 440/4 | €78,062 | €79,985 | +€1,923 | +2.5% |
| Taxes, remuneration and social security | 45 | €6,578 | €10,485 | +€3,907 | +59.4% |
| Taxes | 450/3 | €6,578 | €10,485 | +€3,907 | +59.4% |
| Other operating charges | 640/8 | €775 | €450 | -€325 | -41.9% |
| Gross operating margin | 9900 | €1,833 | €31,523 | +€29,690 | +1619.7% |
| Operating profit (loss) | 9901 | €1,058 | €31,073 | +€30,015 | +2837.0% |
| Financial income | 75/76B | €756 | - | -€756 | |
| Recurring financial income | 75 | €756 | - | -€756 | |
| Non-recurring financial income | 76B | €756 | - | -€756 | |
| Financial charges | 65/66B | €73 | €76 | +€3 | +4.1% |
| Recurring financial charges | 65 | €73 | €76 | +€3 | +4.1% |
| Profit (loss) for the period before taxes | 9903 | €1,741 | €30,997 | +€29,256 | +1680.4% |
| Income taxes | 67/77 | €435 | €7,807 | +€7,372 | +1694.7% |
| Profit (loss) for the period | 9904 | €1,306 | €23,190 | +€21,884 | +1675.7% |
| Profit (loss) for the period to be appropriated | 9905 | €1,306 | €23,190 | +€21,884 | +1675.7% |
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 10 October 2026 via checked.be.