MAINTENANCE ANALYSIS SYSTEMS: 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.
What changed
MAINTENANCE ANALYSIS SYSTEMS
NACE 46.649, Wholesale of other machinery and equipment
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€6,647
2024 · -€22,645+€15,998
Equity
€70,462
2024 · €77,109-€6,647
Cash
€70
2024 · €1,349-€1,279
Balance sheet total
€711,606
2024 · €767,001-€55,395
Largest movements
Assets
- Tangible fixed assets -€40,035
down €40,035 (-18.3%), from €218,596 to €178,561
of which Land and buildings: -€31,434
- Receivables within one year -€14,400
down €14,400 (-6.4%), from €224,014 to €209,614
Equity and liabilities
- Current portion of long-term debt -€27,872
down €27,872 (-72.1%), from €38,652 to €10,780
- Trade debts -€11,011
down €11,011 (-9.7%), from €113,495 to €102,484
- Tax, wage and social debts -€10,294
down €10,294 (-51.9%), from €19,823 to €9,529
of which Taxes: -€8,794
Income statement
- Gross operating margin +€12,814
up €12,814 (+31.7%), from €40,471 to €53,285
- Financial charges -€3,101
down €3,101 (-20.6%), from €15,031 to €11,930
- Financial income +€1,760
up €1,760 (+34,980%), from €5 to €1,765
- Other operating charges +€1,176
up €1,176 (+21.2%), from €5,541 to €6,717
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.
Result 2024
-€22,645
Gross operating margin
+€12,814
Depreciation
-€501
Other operating charges
-€1,176
Financial income
+€1,760
Financial charges
+€3,101
Result 2025
-€6,647
raises the resultlowers the result
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.
From operations
+€25,503
Investment
-€3,015
Financing
-€23,767
Cash 2024
€1,349
From operations (derived)
+€25,503
Net result for the year
-€6,647
Depreciation
+€43,051
Stocks and contracts
+€152
Receivables within one year
+€14,400
Deferred charges and accrued income
-€472
Trade debts
-€11,011
Tax, wage and social debts
-€10,294
Accrued charges and deferred income
-€3,676
Investment (derived)
-€3,015
Investment in fixed assets (net)
-€3,015
Financing
-€23,767
Debts after one year
+€4,646
Current portion of long-term debt
-€27,872
Short-term financial debts
-€540
Cash 2025
€70
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €767,001 | €711,606 | -€55,395 | -7.2% |
| Fixed assets | 21/28 | €218,996 | €178,961 | -€40,035 | -18.3% |
| Tangible fixed assets | 22/27 | €218,596 | €178,561 | -€40,035 | -18.3% |
| Land and buildings | 22 | €202,540 | €171,106 | -€31,434 | -15.5% |
| Plant, machinery and equipment | 23 | €2,868 | €3,295 | +€427 | +14.9% |
| Furniture and vehicles | 24 | €4,965 | €3,314 | -€1,651 | -33.2% |
| Leasing and similar rights | 25 | €8,223 | €846 | -€7,378 | -89.7% |
| Financial fixed assets | 28 | €400 | €400 | = | 0.0% |
| Current assets | 29/58 | €548,005 | €532,645 | -€15,359 | -2.8% |
| Stocks and contracts in progress | 3 | €319,861 | €319,710 | -€152 | 0.0% |
| Stocks | 30/36 | €319,861 | €319,710 | -€152 | 0.0% |
| Amounts receivable within one year | 40/41 | €224,014 | €209,614 | -€14,400 | -6.4% |
| Trade receivables | 40 | €224,014 | €209,614 | -€14,400 | -6.4% |
| Cash at bank and in hand | 54/58 | €1,349 | €70 | -€1,279 | -94.8% |
| Deferred charges and accrued income | 490/1 | €2,781 | €3,252 | +€472 | +17.0% |
| Total equity and liabilities | 10/49 | €767,001 | €711,606 | -€55,395 | -7.2% |
| Equity | 10/15 | €77,109 | €70,462 | -€6,647 | -8.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Revaluation surpluses | 12 | €253,000 | €253,000 | = | 0.0% |
| Reserves | 13 | €25,915 | €25,915 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €4,412 | €4,412 | = | 0.0% |
| Distributable reserves | 133 | €21,504 | €21,504 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€220,406 | -€227,053 | -€6,647 | -3.0% |
| Amounts payable | 17/49 | €689,892 | €641,144 | -€48,748 | -7.1% |
| Amounts payable after more than one year | 17 | €456,284 | €460,929 | +€4,646 | +1.0% |
| Financial debts | 170/4 | €218,154 | €207,375 | -€10,780 | -4.9% |
| Other amounts payable | 178/9 | €238,129 | €253,555 | +€15,425 | +6.5% |
| Amounts payable within one year | 42/48 | €229,932 | €180,215 | -€49,717 | -21.6% |
| Current portion of amounts payable after more than one year | 42 | €38,652 | €10,780 | -€27,872 | -72.1% |
| Financial debts | 43 | €57,961 | €57,422 | -€540 | -0.9% |
| Credit institutions | 430/8 | €57,961 | €57,422 | -€540 | -0.9% |
| Trade debts | 44 | €113,495 | €102,484 | -€11,011 | -9.7% |
| Suppliers | 440/4 | €113,495 | €102,484 | -€11,011 | -9.7% |
| Taxes, remuneration and social security | 45 | €19,823 | €9,529 | -€10,294 | -51.9% |
| Taxes | 450/3 | €18,323 | €9,529 | -€8,794 | -48.0% |
| Remuneration and social security | 454/9 | €1,500 | €0 | -€1,500 | -100% |
| Accrued charges and deferred income | 492/3 | €3,676 | €0 | -€3,676 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,550 | €43,051 | +€501 | +1.2% |
| Other operating charges | 640/8 | €5,541 | €6,717 | +€1,176 | +21.2% |
| Gross operating margin | 9900 | €40,471 | €53,285 | +€12,814 | +31.7% |
| Operating profit (loss) | 9901 | -€7,619 | €3,518 | +€11,137 | |
| Financial income | 75/76B | €5 | €1,765 | +€1,760 | +34,980% |
| Recurring financial income | 75 | €5 | €1,765 | +€1,760 | +34,980% |
| Financial charges | 65/66B | €15,031 | €11,930 | -€3,101 | -20.6% |
| Recurring financial charges | 65 | €15,031 | €11,930 | -€3,101 | -20.6% |
| Profit (loss) for the period before taxes | 9903 | -€22,645 | -€6,647 | +€15,998 | +70.6% |
| Profit (loss) for the period | 9904 | -€22,645 | -€6,647 | +€15,998 | +70.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€22,645 | -€6,647 | +€15,998 | +70.6% |
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 13 October 2026 via checked.be.