MAINGINE: 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.
MAINGINE
Largest movements
- Current investments +€200,000
new in 2025: €200,000
- Receivables within one year +€10,760
up €10,760 (+69.6%), from €15,464 to €26,224
of which Trade receivables: +€12,558
- Profit (loss) carried forward +€161,936
up €161,936 (+238.2%), from €67,974 to €229,910
- Tax, wage and social debts +€31,816
up €31,816 (+180.1%), from €17,662 to €49,478
- Other debts +€18,228
up €18,228 (+224.4%), from €8,124 to €26,352
- Gross operating margin +€129,987
up €129,987 (+144.9%), from €89,734 to €219,721
- Taxes +€31,390
up €31,390 (+183.4%), from €17,112 to €48,502
- Financial charges +€3,326
up €3,326 (+140.2%), from €2,372 to €5,698
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 | €97,503 | €310,755 | +€213,251 | +218.7% |
| Formation expenses | 20 | €449 | €0 | -€449 | -100.0% |
| Fixed assets | 21/28 | €17,535 | €18,065 | +€530 | +3.0% |
| Tangible fixed assets | 22/27 | €17,535 | €18,065 | +€530 | +3.0% |
| Furniture and vehicles | 24 | €977 | €3,222 | +€2,245 | +229.9% |
| Other tangible fixed assets | 26 | €16,558 | €14,843 | -€1,715 | -10.4% |
| Current assets | 29/58 | €79,519 | €292,690 | +€213,170 | +268.1% |
| Amounts receivable within one year | 40/41 | €15,464 | €26,224 | +€10,760 | +69.6% |
| Trade receivables | 40 | €13,666 | €26,224 | +€12,558 | +91.9% |
| Other amounts receivable | 41 | €1,798 | €0 | -€1,798 | -100.0% |
| Current investments | 50/53 | - | €200,000 | +€200,000 | |
| Cash at bank and in hand | 54/58 | €62,725 | €63,829 | +€1,104 | +1.8% |
| Deferred charges and accrued income | 490/1 | €1,330 | €2,636 | +€1,306 | +98.2% |
| Total equity and liabilities | 10/49 | €97,503 | €310,755 | +€213,251 | +218.7% |
| Equity | 10/15 | €70,974 | €232,910 | +€161,936 | +228.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €67,974 | €229,910 | +€161,936 | +238.2% |
| Amounts payable | 17/49 | €26,529 | €77,845 | +€51,316 | +193.4% |
| Amounts payable within one year | 42/48 | €26,529 | €77,656 | +€51,128 | +192.7% |
| Financial debts | 43 | €545 | €367 | -€178 | -32.7% |
| Credit institutions | 430/8 | €545 | €367 | -€178 | -32.7% |
| Trade debts | 44 | €198 | €1,460 | +€1,261 | +636.2% |
| Suppliers | 440/4 | €198 | €1,460 | +€1,261 | +636.2% |
| Taxes, remuneration and social security | 45 | €17,662 | €49,478 | +€31,816 | +180.1% |
| Taxes | 450/3 | €17,662 | €49,478 | +€31,816 | +180.1% |
| Other amounts payable | 47/48 | €8,124 | €26,352 | +€18,228 | +224.4% |
| Accrued charges and deferred income | 492/3 | - | €188 | +€188 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,459 | €3,379 | +€1,921 | +131.7% |
| Gross operating margin | 9900 | €89,734 | €219,721 | +€129,987 | +144.9% |
| Operating profit (loss) | 9901 | €88,276 | €216,341 | +€128,066 | +145.1% |
| Financial income | 75/76B | €15 | €627 | +€611 | +3970.5% |
| Recurring financial income | 75 | €15 | €627 | +€611 | +3970.5% |
| Financial charges | 65/66B | €2,372 | €5,698 | +€3,326 | +140.2% |
| Recurring financial charges | 65 | €2,372 | €5,698 | +€3,326 | +140.2% |
| Profit (loss) for the period before taxes | 9903 | €85,919 | €211,270 | +€125,351 | +145.9% |
| Income taxes | 67/77 | €17,112 | €48,502 | +€31,390 | +183.4% |
| Profit (loss) for the period | 9904 | €68,807 | €162,769 | +€93,961 | +136.6% |
| Profit (loss) for the period to be appropriated | 9905 | €68,807 | €162,769 | +€93,961 | +136.6% |
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 6 October 2026 via checked.be.