MAINTENANCE FIRST: 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.
MAINTENANCE FIRST
Largest movements
- Cash -€23,378
down €23,378 (-25.1%), from €93,082 to €69,704
mainly Receivables within one year (-€18,204) and Net result for the year (-€17,375)
- Receivables within one year +€18,204
up €18,204 (+35.7%), from €50,979 to €69,182
of which Trade receivables: +€38,882
- Tangible fixed assets -€14,832
down €14,832 (-25.3%), from €58,692 to €43,859
of which Furniture and vehicles: -€13,051
- Stocks and contracts -€11,244
down €11,244 (-24.3%), from €46,335 to €35,091
- Deferred charges and accrued income -€4,115
down €4,115 (-63.6%), from €6,465 to €2,350
- Reserves -€17,375
down €17,375 (-16.1%), from €107,816 to €90,441
- Debts after one year -€15,233
down €15,233 (-59.0%), from €25,807 to €10,574
- Short-term financial debts -€10,571
down €10,571 (-91.4%), from €11,569 to €998
- Other debts +€8,229
up €8,229 (+14.9%), from €55,114 to €63,342
- Tax, wage and social debts -€6,035
down €6,035 (-30.9%), from €19,544 to €13,510
of which Taxes: -€4,057
- Gross operating margin -€42,125
down €42,125 (-58.5%), from €72,035 to €29,910
- Staff costs -€18,310
down €18,310 (-40.7%), from €45,007 to €26,697
- Depreciation +€7,704
up €7,704 (+108%), from €7,129 to €14,832
- Taxes -€4,322
down €4,322 (-90.0%), from €4,803 to €481
- Other operating charges -€3,551
down €3,551 (-72.3%), from €4,912 to €1,361
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.
Derived cash bridge
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 | €255,552 | €220,187 | -€35,366 | -13.8% |
| Fixed assets | 21/28 | €58,692 | €43,859 | -€14,832 | -25.3% |
| Tangible fixed assets | 22/27 | €58,692 | €43,859 | -€14,832 | -25.3% |
| Plant, machinery and equipment | 23 | €4,285 | €3,373 | -€912 | -21.3% |
| Furniture and vehicles | 24 | €46,998 | €33,948 | -€13,051 | -27.8% |
| Other tangible fixed assets | 26 | €7,408 | €6,538 | -€870 | -11.7% |
| Current assets | 29/58 | €196,861 | €176,328 | -€20,533 | -10.4% |
| Stocks and contracts in progress | 3 | €46,335 | €35,091 | -€11,244 | -24.3% |
| Stocks | 30/36 | €46,335 | €35,091 | -€11,244 | -24.3% |
| Amounts receivable within one year | 40/41 | €50,979 | €69,182 | +€18,204 | +35.7% |
| Trade receivables | 40 | €25,782 | €64,664 | +€38,882 | +151% |
| Other amounts receivable | 41 | €25,197 | €4,519 | -€20,678 | -82.1% |
| Cash at bank and in hand | 54/58 | €93,082 | €69,704 | -€23,378 | -25.1% |
| Deferred charges and accrued income | 490/1 | €6,465 | €2,350 | -€4,115 | -63.6% |
| Total equity and liabilities | 10/49 | €255,552 | €220,187 | -€35,366 | -13.8% |
| Equity | 10/15 | €117,816 | €100,441 | -€17,375 | -14.7% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €107,816 | €90,441 | -€17,375 | -16.1% |
| Distributable reserves | 133 | €107,816 | €90,441 | -€17,375 | -16.1% |
| Amounts payable | 17/49 | €137,737 | €119,746 | -€17,991 | -13.1% |
| Amounts payable after more than one year | 17 | €25,807 | €10,574 | -€15,233 | -59.0% |
| Financial debts | 170/4 | €25,807 | €10,574 | -€15,233 | -59.0% |
| Amounts payable within one year | 42/48 | €111,930 | €109,172 | -€2,758 | -2.5% |
| Current portion of amounts payable after more than one year | 42 | €14,511 | €15,233 | +€722 | +5.0% |
| Financial debts | 43 | €11,569 | €998 | -€10,571 | -91.4% |
| Credit institutions | 430/8 | €11,569 | €998 | -€10,571 | -91.4% |
| Trade debts | 44 | €11,192 | €16,089 | +€4,897 | +43.8% |
| Suppliers | 440/4 | €11,192 | €16,089 | +€4,897 | +43.8% |
| Taxes, remuneration and social security | 45 | €19,544 | €13,510 | -€6,035 | -30.9% |
| Taxes | 450/3 | €14,525 | €10,468 | -€4,057 | -27.9% |
| Remuneration and social security | 454/9 | €5,019 | €3,042 | -€1,978 | -39.4% |
| Other amounts payable | 47/48 | €55,114 | €63,342 | +€8,229 | +14.9% |
| Remuneration, social security and pensions | 62 | €45,007 | €26,697 | -€18,310 | -40.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,129 | €14,832 | +€7,704 | +108% |
| Other operating charges | 640/8 | €4,912 | €1,361 | -€3,551 | -72.3% |
| Gross operating margin | 9900 | €72,035 | €29,910 | -€42,125 | -58.5% |
| Operating profit (loss) | 9901 | €14,987 | -€12,981 | -€27,968 | |
| Financial income | 75/76B | - | €10 | +€10 | |
| Recurring financial income | 75 | - | €10 | +€10 | |
| Financial charges | 65/66B | €4,582 | €3,922 | -€660 | -14.4% |
| Recurring financial charges | 65 | €4,582 | €3,922 | -€660 | -14.4% |
| Profit (loss) for the period before taxes | 9903 | €10,405 | -€16,893 | -€27,298 | |
| Income taxes | 67/77 | €4,803 | €481 | -€4,322 | -90.0% |
| Profit (loss) for the period | 9904 | €5,602 | -€17,375 | -€22,976 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,602 | -€17,375 | -€22,976 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.