MAIGUE: 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.
MAIGUE
Largest movements
- Tangible fixed assets +€225,128
new in 2025: €225,128
- Cash +€144,500
up €144,500 (+722.7%), from €19,995 to €164,495
mainly Debts after one year (+€175,510) and Other debts (+€113,126)
- Debts after one year +€175,510
up €175,510 (+975.1%), from €18,000 to €193,510
of which Financial debts: +€193,510
- Other debts +€113,126
new in 2025: €113,126
- Profit (loss) carried forward +€46,275
up €46,275, from -€5 to €46,270
- Current portion of long-term debt +€19,111
new in 2025: €19,111
- Tax, wage and social debts +€16,302
new in 2025: €16,302
- Gross operating margin +€102,633
new in 2025: €102,633
- Financial charges +€16,832
up €16,832 (+336630.4%), from €5 to €16,837
- Taxes +€16,302
new in 2025: €16,302
- Depreciation +€13,872
new in 2025: €13,872
- Other operating charges +€9,347
new in 2025: €9,347
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 | €19,995 | €390,319 | +€370,324 | +1852.1% |
| Fixed assets | 21/28 | - | €225,128 | +€225,128 | |
| Tangible fixed assets | 22/27 | - | €225,128 | +€225,128 | |
| Land and buildings | 22 | - | €225,128 | +€225,128 | |
| Current assets | 29/58 | €19,995 | €165,191 | +€145,196 | +726.2% |
| Amounts receivable within one year | 40/41 | - | €696 | +€696 | |
| Trade receivables | 40 | - | €696 | +€696 | |
| Cash at bank and in hand | 54/58 | €19,995 | €164,495 | +€144,500 | +722.7% |
| Total equity and liabilities | 10/49 | €19,995 | €390,319 | +€370,324 | +1852.1% |
| Equity | 10/15 | €1,995 | €48,270 | +€46,275 | +2319.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5 | €46,270 | +€46,275 | |
| Amounts payable | 17/49 | €18,000 | €342,049 | +€324,049 | +1800.3% |
| Amounts payable after more than one year | 17 | €18,000 | €193,510 | +€175,510 | +975.1% |
| Financial debts | 170/4 | - | €193,510 | +€193,510 | |
| Other amounts payable | 178/9 | €18,000 | - | -€18,000 | |
| Amounts payable within one year | 42/48 | - | €148,539 | +€148,539 | |
| Current portion of amounts payable after more than one year | 42 | - | €19,111 | +€19,111 | |
| Taxes, remuneration and social security | 45 | - | €16,302 | +€16,302 | |
| Taxes | 450/3 | - | €16,302 | +€16,302 | |
| Other amounts payable | 47/48 | - | €113,126 | +€113,126 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €13,872 | +€13,872 | |
| Other operating charges | 640/8 | - | €9,347 | +€9,347 | |
| Gross operating margin | 9900 | - | €102,633 | +€102,633 | |
| Operating profit (loss) | 9901 | - | €79,414 | +€79,414 | |
| Financial charges | 65/66B | €5 | €16,837 | +€16,832 | +336630.4% |
| Recurring financial charges | 65 | €5 | €16,837 | +€16,832 | +336630.4% |
| Profit (loss) for the period before taxes | 9903 | -€5 | €62,578 | +€62,583 | |
| Income taxes | 67/77 | - | €16,302 | +€16,302 | |
| Profit (loss) for the period | 9904 | -€5 | €46,275 | +€46,280 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5 | €46,275 | +€46,280 |
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 30 September 2026 via checked.be.