MAIEUTICA: 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.
MAIEUTICA
Largest movements
- Receivables within one year +€57,966
new in 2025: €57,966
of which Other amounts receivable: +€57,696
- Cash -€35,993
down €35,993 (-43.9%), from €81,991 to €45,998
mainly Receivables within one year (-€57,966) and Tax, wage and social debts (-€15,363)
- Deferred charges and accrued income -€9,416
down €9,416 (-23.2%), from €40,643 to €31,227
- Reserves +€36,258
up €36,258 (+39.3%), from €92,352 to €128,610
- Tax, wage and social debts -€15,363
down €15,363 (-73.2%), from €20,998 to €5,635
- Trade debts -€4,302
down €4,302 (-99.5%), from €4,323 to €22
- Other debts -€3,537
no longer reported in 2025 (was €3,537)
- Gross operating margin -€28,304
down €28,304 (-34.8%), from €81,257 to €52,952
- Taxes -€7,227
down €7,227 (-33.6%), from €21,538 to €14,311
- Financial charges -€1,058
down €1,058 (-38.0%), from €2,783 to €1,726
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.
Derived cash bridge
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 | €123,891 | €137,372 | +€13,481 | +10.9% |
| Fixed assets | 21/28 | €1,257 | €2,182 | +€924 | +73.5% |
| Tangible fixed assets | 22/27 | €1,257 | €2,182 | +€924 | +73.5% |
| Plant, machinery and equipment | 23 | €1,257 | €2,182 | +€924 | +73.5% |
| Current assets | 29/58 | €122,634 | €135,190 | +€12,556 | +10.2% |
| Amounts receivable within one year | 40/41 | - | €57,966 | +€57,966 | |
| Trade receivables | 40 | - | €270 | +€270 | |
| Other amounts receivable | 41 | - | €57,696 | +€57,696 | |
| Cash at bank and in hand | 54/58 | €81,991 | €45,998 | -€35,993 | -43.9% |
| Deferred charges and accrued income | 490/1 | €40,643 | €31,227 | -€9,416 | -23.2% |
| Total equity and liabilities | 10/49 | €123,891 | €137,372 | +€13,481 | +10.9% |
| Equity | 10/15 | €94,352 | €130,610 | +€36,258 | +38.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €92,352 | €128,610 | +€36,258 | +39.3% |
| Distributable reserves | 133 | €92,352 | €128,610 | +€36,258 | +39.3% |
| Amounts payable | 17/49 | €29,539 | €6,762 | -€22,777 | -77.1% |
| Amounts payable within one year | 42/48 | €28,858 | €5,656 | -€23,202 | -80.4% |
| Trade debts | 44 | €4,323 | €22 | -€4,302 | -99.5% |
| Suppliers | 440/4 | €4,323 | €22 | -€4,302 | -99.5% |
| Taxes, remuneration and social security | 45 | €20,998 | €5,635 | -€15,363 | -73.2% |
| Taxes | 450/3 | €20,998 | €5,635 | -€15,363 | -73.2% |
| Other amounts payable | 47/48 | €3,537 | - | -€3,537 | |
| Accrued charges and deferred income | 492/3 | €681 | €1,105 | +€424 | +62.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35 | €557 | +€521 | +1,472% |
| Other operating charges | 640/8 | €82 | €100 | +€19 | +22.7% |
| Gross operating margin | 9900 | €81,257 | €52,952 | -€28,304 | -34.8% |
| Operating profit (loss) | 9901 | €81,139 | €52,295 | -€28,844 | -35.5% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €2,783 | €1,726 | -€1,058 | -38.0% |
| Recurring financial charges | 65 | €2,783 | €1,726 | -€1,058 | -38.0% |
| Profit (loss) for the period before taxes | 9903 | €78,356 | €50,570 | -€27,786 | -35.5% |
| Income taxes | 67/77 | €21,538 | €14,311 | -€7,227 | -33.6% |
| Profit (loss) for the period | 9904 | €56,818 | €36,258 | -€20,559 | -36.2% |
| Profit (loss) for the period to be appropriated | 9905 | €56,818 | €36,258 | -€20,559 | -36.2% |
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 24 October 2026 via checked.be.