MAINTENANCE HOLDING: 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 HOLDING
Largest movements
- Current investments +€51,186
up €51,186 (+130%), from €39,511 to €90,697
- Cash +€14,789
up €14,789 (+17.0%), from €87,219 to €102,008
mainly Net result for the year (+€76,309) and Depreciation (+€18,064)
- Receivables within one year +€6,070
up €6,070 (+7.0%), from €87,337 to €93,407
- Reserves +€76,309
up €76,309 (+44.4%), from €171,965 to €248,274
- Trade debts -€7,266
down €7,266 (-17.1%), from €42,514 to €35,248
- Other debts +€5,231
up €5,231 (+58.9%), from €8,887 to €14,118
- Gross operating margin +€19,562
up €19,562 (+21.6%), from €90,653 to €110,216
- Financial income +€15,511
up €15,511 (+2,600%), from €597 to €16,108
- Taxes +€7,334
up €7,334 (+35.9%), from €20,453 to €27,787
- Depreciation +€1,338
up €1,338 (+8.0%), from €16,726 to €18,064
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €268,908 | €338,553 | +€69,645 | +25.9% |
| Fixed assets | 21/28 | €50,323 | €48,782 | -€1,541 | -3.1% |
| Tangible fixed assets | 22/27 | €46,693 | €45,152 | -€1,541 | -3.3% |
| Plant, machinery and equipment | 23 | €31,557 | €21,035 | -€10,522 | -33.3% |
| Other tangible fixed assets | 26 | €15,136 | €24,117 | +€8,981 | +59.3% |
| Financial fixed assets | 28 | €3,630 | €3,630 | = | 0.0% |
| Current assets | 29/58 | €218,585 | €289,771 | +€71,186 | +32.6% |
| Amounts receivable within one year | 40/41 | €87,337 | €93,407 | +€6,070 | +7.0% |
| Trade receivables | 40 | €87,337 | €93,407 | +€6,070 | +7.0% |
| Current investments | 50/53 | €39,511 | €90,697 | +€51,186 | +130% |
| Cash at bank and in hand | 54/58 | €87,219 | €102,008 | +€14,789 | +17.0% |
| Deferred charges and accrued income | 490/1 | €4,518 | €3,658 | -€860 | -19.0% |
| Total equity and liabilities | 10/49 | €268,908 | €338,553 | +€69,645 | +25.9% |
| Equity | 10/15 | €190,515 | €266,824 | +€76,309 | +40.1% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €171,965 | €248,274 | +€76,309 | +44.4% |
| Distributable reserves | 133 | €171,965 | €248,274 | +€76,309 | +44.4% |
| Amounts payable | 17/49 | €78,393 | €71,729 | -€6,664 | -8.5% |
| Amounts payable after more than one year | 17 | €2,722 | - | -€2,722 | |
| Financial debts | 170/4 | €2,722 | - | -€2,722 | |
| Amounts payable within one year | 42/48 | €74,470 | €70,229 | -€4,242 | -5.7% |
| Current portion of amounts payable after more than one year | 42 | €3,872 | €4,429 | +€557 | +14.4% |
| Trade debts | 44 | €42,514 | €35,248 | -€7,266 | -17.1% |
| Suppliers | 440/4 | €42,514 | €35,248 | -€7,266 | -17.1% |
| Taxes, remuneration and social security | 45 | €19,197 | €16,434 | -€2,763 | -14.4% |
| Taxes | 450/3 | €19,197 | €16,434 | -€2,763 | -14.4% |
| Other amounts payable | 47/48 | €8,887 | €14,118 | +€5,231 | +58.9% |
| Accrued charges and deferred income | 492/3 | €1,200 | €1,500 | +€300 | +25.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,726 | €18,064 | +€1,338 | +8.0% |
| Other operating charges | 640/8 | €968 | €999 | +€30 | +3.1% |
| Gross operating margin | 9900 | €90,653 | €110,216 | +€19,562 | +21.6% |
| Operating profit (loss) | 9901 | €72,959 | €91,153 | +€18,195 | +24.9% |
| Financial income | 75/76B | €597 | €16,108 | +€15,511 | +2,600% |
| Recurring financial income | 75 | €597 | €16,108 | +€15,511 | +2,600% |
| Financial charges | 65/66B | €3,904 | €3,165 | -€739 | -18.9% |
| Recurring financial charges | 65 | €3,904 | €3,165 | -€739 | -18.9% |
| Profit (loss) for the period before taxes | 9903 | €69,651 | €104,096 | +€34,445 | +49.5% |
| Income taxes | 67/77 | €20,453 | €27,787 | +€7,334 | +35.9% |
| Profit (loss) for the period | 9904 | €49,198 | €76,309 | +€27,111 | +55.1% |
| Profit (loss) for the period to be appropriated | 9905 | €49,198 | €76,309 | +€27,111 | +55.1% |
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 25 October 2026 via checked.be.