MAINTASC: 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.
MAINTASC
Largest movements
- Current investments +€537,769
up €537,769 (+35.2%), from €1.5m to €2.1m
- Tangible fixed assets -€151,834
no longer reported in 2025 (was €151,834)
of which Land and buildings: -€120,416
- Cash +€116,651
up €116,651 (+81.8%), from €142,649 to €259,299
mainly Net result for the year (+€408,028) and Investment in fixed assets (net) (+€151,834)
- Receivables within one year -€104,464
down €104,464 (-40.4%), from €258,330 to €153,866
of which Other amounts receivable: -€93,064
- Reserves +€408,000
up €408,000 (+20.0%), from €2.0m to €2.5m
- Financial income +€200,377
up €200,377 (+206.6%), from €97,002 to €297,379
- Gross operating margin +€196,083
up €196,083 (+828.7%), from €23,661 to €219,745
- Taxes +€68,582
up €68,582 (+212.2%), from €32,322 to €100,903
- Depreciation -€15,807
no longer reported in 2025 (was €15,807)
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 | €2,088,623 | €2,481,766 | +€393,143 | +18.8% |
| Fixed assets | 21/28 | €151,834 | - | -€151,834 | |
| Tangible fixed assets | 22/27 | €151,834 | - | -€151,834 | |
| Land and buildings | 22 | €120,416 | - | -€120,416 | |
| Furniture and vehicles | 24 | €31,418 | - | -€31,418 | |
| Current assets | 29/58 | €1,936,789 | €2,481,766 | +€544,977 | +28.1% |
| Amounts receivable after more than one year | 29 | - | €1,087 | +€1,087 | |
| Trade receivables | 290 | - | €1,087 | +€1,087 | |
| Amounts receivable within one year | 40/41 | €258,330 | €153,866 | -€104,464 | -40.4% |
| Trade receivables | 40 | €11,400 | - | -€11,400 | |
| Other amounts receivable | 41 | €246,930 | €153,866 | -€93,064 | -37.7% |
| Current investments | 50/53 | €1,529,078 | €2,066,847 | +€537,769 | +35.2% |
| Cash at bank and in hand | 54/58 | €142,649 | €259,299 | +€116,651 | +81.8% |
| Deferred charges and accrued income | 490/1 | €6,732 | €666 | -€6,066 | -90.1% |
| Total equity and liabilities | 10/49 | €2,088,623 | €2,481,766 | +€393,143 | +18.8% |
| Equity | 10/15 | €2,067,673 | €2,475,700 | +€408,028 | +19.7% |
| Contributions | 10/11 | €21,815 | €21,815 | = | 0.0% |
| Reserves | 13 | €2,042,750 | €2,450,750 | +€408,000 | +20.0% |
| Distributable reserves | 133 | €2,042,750 | €2,450,750 | +€408,000 | +20.0% |
| Profit (loss) carried forward | 14 | €3,108 | €3,136 | +€28 | +0.9% |
| Amounts payable | 17/49 | €20,950 | €6,066 | -€14,884 | -71.0% |
| Amounts payable within one year | 42/48 | €20,950 | €6,066 | -€14,884 | -71.0% |
| Trade debts | 44 | - | €0 | = | |
| Suppliers | 440/4 | - | €0 | = | |
| Taxes, remuneration and social security | 45 | €20,950 | €6,066 | -€14,884 | -71.0% |
| Taxes | 450/3 | €20,950 | €6,066 | -€14,884 | -71.0% |
| Non-recurring operating income | 76A | - | €219,819 | +€219,819 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,807 | - | -€15,807 | |
| Other operating charges | 640/8 | €5,991 | €4,566 | -€1,425 | -23.8% |
| Gross operating margin | 9900 | €23,661 | €219,745 | +€196,083 | +828.7% |
| Operating profit (loss) | 9901 | €1,864 | €215,178 | +€213,315 | +11446.7% |
| Financial income | 75/76B | €97,002 | €297,379 | +€200,377 | +206.6% |
| Recurring financial income | 75 | €97,002 | €297,379 | +€200,377 | +206.6% |
| Financial charges | 65/66B | €2,017 | €3,626 | +€1,609 | +79.8% |
| Recurring financial charges | 65 | €2,017 | €3,626 | +€1,609 | +79.8% |
| Profit (loss) for the period before taxes | 9903 | €96,848 | €508,931 | +€412,082 | +425.5% |
| Income taxes | 67/77 | €32,322 | €100,903 | +€68,582 | +212.2% |
| Profit (loss) for the period | 9904 | €64,527 | €408,028 | +€343,501 | +532.3% |
| Profit (loss) for the period to be appropriated | 9905 | €64,527 | €408,028 | +€343,501 | +532.3% |
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 5 October 2026 via checked.be.