MAÏNOÏ: 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.
MAÏNOÏ
Largest movements
- Cash -€41,903
down €41,903 (-28.6%), from €146,264 to €104,361
mainly Contributions, distributions and other (-€110,000) and Investment in fixed assets (net) (-€33,803)
- Receivables within one year +€27,535
up €27,535 (+34.9%), from €78,983 to €106,517
of which Other amounts receivable: +€50,813
- Tangible fixed assets +€24,610
up €24,610 (+85.5%), from €28,787 to €53,396
of which Plant, machinery and equipment: +€18,230
- Intangible fixed assets -€8,422
down €8,422 (-88.5%), from €9,515 to €1,093
- Trade debts -€33,783
down €33,783 (-57.1%), from €59,194 to €25,411
- Profit (loss) carried forward +€18,913
up €18,913 (+211.9%), from €8,926 to €27,839
- Other debts +€18,808
up €18,808 (+10.1%), from €186,148 to €204,956
- Debts after one year -€2,947
no longer reported in 2024 (was €2,947)
- Gross operating margin +€61,518
up €61,518 (+31.4%), from €196,164 to €257,682
- Staff costs +€26,529
up €26,529 (+35.8%), from €74,033 to €100,562
- Depreciation +€2,952
up €2,952 (+20.1%), from €14,663 to €17,615
- Taxes +€2,802
up €2,802 (+109.0%), from €2,571 to €5,373
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €270,564 | €270,233 | -€330 | -0.1% |
| Fixed assets | 21/28 | €41,817 | €58,005 | +€16,188 | +38.7% |
| Intangible fixed assets | 21 | €9,515 | €1,093 | -€8,422 | -88.5% |
| Tangible fixed assets | 22/27 | €28,787 | €53,396 | +€24,610 | +85.5% |
| Land and buildings | 22 | €21,326 | €28,061 | +€6,735 | +31.6% |
| Plant, machinery and equipment | 23 | €5,310 | €23,540 | +€18,230 | +343.3% |
| Furniture and vehicles | 24 | €2,151 | €1,795 | -€356 | -16.5% |
| Financial fixed assets | 28 | €3,515 | €3,515 | = | 0.0% |
| Current assets | 29/58 | €228,747 | €212,229 | -€16,518 | -7.2% |
| Stocks and contracts in progress | 3 | €3,500 | €1,350 | -€2,150 | -61.4% |
| Stocks | 30/36 | €3,500 | €1,350 | -€2,150 | -61.4% |
| Amounts receivable within one year | 40/41 | €78,983 | €106,517 | +€27,535 | +34.9% |
| Trade receivables | 40 | €67,367 | €44,089 | -€23,279 | -34.6% |
| Other amounts receivable | 41 | €11,616 | €62,429 | +€50,813 | +437.5% |
| Cash at bank and in hand | 54/58 | €146,264 | €104,361 | -€41,903 | -28.6% |
| Total equity and liabilities | 10/49 | €270,564 | €270,233 | -€330 | -0.1% |
| Equity | 10/15 | €10,926 | €29,839 | +€18,913 | +173.1% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,926 | €27,839 | +€18,913 | +211.9% |
| Amounts payable | 17/49 | €259,638 | €240,394 | -€19,244 | -7.4% |
| Amounts payable after more than one year | 17 | €2,947 | - | -€2,947 | |
| Financial debts | 170/4 | €2,947 | - | -€2,947 | |
| Amounts payable within one year | 42/48 | €253,766 | €237,469 | -€16,296 | -6.4% |
| Current portion of amounts payable after more than one year | 42 | €4,204 | €2,947 | -€1,257 | -29.9% |
| Trade debts | 44 | €59,194 | €25,411 | -€33,783 | -57.1% |
| Suppliers | 440/4 | €59,194 | €25,411 | -€33,783 | -57.1% |
| Taxes, remuneration and social security | 45 | €4,220 | €4,155 | -€65 | -1.5% |
| Taxes | 450/3 | €571 | - | -€571 | |
| Remuneration and social security | 454/9 | €3,649 | €4,155 | +€506 | +13.9% |
| Other amounts payable | 47/48 | €186,148 | €204,956 | +€18,808 | +10.1% |
| Accrued charges and deferred income | 492/3 | €2,925 | €2,925 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €74,033 | €100,562 | +€26,529 | +35.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,663 | €17,615 | +€2,952 | +20.1% |
| Other operating charges | 640/8 | €671 | €1,065 | +€394 | +58.7% |
| Gross operating margin | 9900 | €196,164 | €257,682 | +€61,518 | +31.4% |
| Operating profit (loss) | 9901 | €106,796 | €138,438 | +€31,643 | +29.6% |
| Financial income | 75/76B | €37 | €5 | -€33 | -87.4% |
| Recurring financial income | 75 | €37 | €5 | -€33 | -87.4% |
| Financial charges | 65/66B | €3,779 | €4,157 | +€378 | +10.0% |
| Recurring financial charges | 65 | €3,779 | €4,157 | +€378 | +10.0% |
| Profit (loss) for the period before taxes | 9903 | €103,054 | €134,286 | +€31,232 | +30.3% |
| Income taxes | 67/77 | €2,571 | €5,373 | +€2,802 | +109.0% |
| Profit (loss) for the period | 9904 | €100,483 | €128,913 | +€28,430 | +28.3% |
| Profit (loss) for the period to be appropriated | 9905 | €100,483 | €128,913 | +€28,430 | +28.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.