MAINTENANCE & PROCESS INTEGRATION: 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 & PROCESS INTEGRATION
Largest movements
- Receivables within one year +€52,529
up €52,529 (+56.9%), from €92,303 to €144,832
of which Trade receivables: +€44,596
- Cash -€39,258
down €39,258 (-34.0%), from €115,564 to €76,306
mainly Receivables within one year (-€52,529) and Current investments (-€37,042)
- Current investments +€37,042
up €37,042 (+27.5%), from €134,739 to €171,781
- Tangible fixed assets -€23,419
down €23,419 (-43.9%), from €53,323 to €29,904
of which Furniture and vehicles: -€21,716
- Deferred charges and accrued income +€4,522
up €4,522 (+49.3%), from €9,169 to €13,691
- Reserves +€56,958
up €56,958 (+39.8%), from €143,149 to €200,107
- Trade debts -€26,461
down €26,461 (-42.8%), from €61,831 to €35,370
- Tax, wage and social debts +€10,437
up €10,437 (+30.0%), from €34,794 to €45,231
of which Taxes: +€10,001
- Debts after one year -€9,979
down €9,979 (-79.6%), from €12,542 to €2,563
- Gross operating margin +€74,093
up €74,093 (+45.3%), from €163,435 to €237,529
- Staff costs +€25,915
up €25,915 (+46.5%), from €55,758 to €81,673
- Taxes +€14,515
up €14,515 (+78.2%), from €18,565 to €33,080
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 | €411,989 | €443,303 | +€31,315 | +7.6% |
| Fixed assets | 21/28 | €60,214 | €36,694 | -€23,520 | -39.1% |
| Intangible fixed assets | 21 | €131 | €30 | -€101 | -77.2% |
| Tangible fixed assets | 22/27 | €53,323 | €29,904 | -€23,419 | -43.9% |
| Furniture and vehicles | 24 | €43,287 | €21,571 | -€21,716 | -50.2% |
| Other tangible fixed assets | 26 | €10,036 | €8,333 | -€1,703 | -17.0% |
| Financial fixed assets | 28 | €6,760 | €6,760 | = | 0.0% |
| Current assets | 29/58 | €351,775 | €406,610 | +€54,834 | +15.6% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €92,303 | €144,832 | +€52,529 | +56.9% |
| Trade receivables | 40 | €79,852 | €124,448 | +€44,596 | +55.8% |
| Other amounts receivable | 41 | €12,451 | €20,384 | +€7,933 | +63.7% |
| Current investments | 50/53 | €134,739 | €171,781 | +€37,042 | +27.5% |
| Cash at bank and in hand | 54/58 | €115,564 | €76,306 | -€39,258 | -34.0% |
| Deferred charges and accrued income | 490/1 | €9,169 | €13,691 | +€4,522 | +49.3% |
| Total equity and liabilities | 10/49 | €411,989 | €443,303 | +€31,315 | +7.6% |
| Equity | 10/15 | €155,549 | €212,507 | +€56,958 | +36.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €143,149 | €200,107 | +€56,958 | +39.8% |
| Distributable reserves | 133 | €143,149 | €200,107 | +€56,958 | +39.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €256,439 | €230,796 | -€25,643 | -10.0% |
| Amounts payable after more than one year | 17 | €12,542 | €2,563 | -€9,979 | -79.6% |
| Financial debts | 170/4 | €12,542 | €2,563 | -€9,979 | -79.6% |
| Amounts payable within one year | 42/48 | €238,831 | €223,609 | -€15,222 | -6.4% |
| Current portion of amounts payable after more than one year | 42 | €9,557 | €9,979 | +€422 | +4.4% |
| Trade debts | 44 | €61,831 | €35,370 | -€26,461 | -42.8% |
| Suppliers | 440/4 | €61,831 | €35,370 | -€26,461 | -42.8% |
| Taxes, remuneration and social security | 45 | €34,794 | €45,231 | +€10,437 | +30.0% |
| Taxes | 450/3 | €27,570 | €37,570 | +€10,001 | +36.3% |
| Remuneration and social security | 454/9 | €7,224 | €7,660 | +€436 | +6.0% |
| Other amounts payable | 47/48 | €132,650 | €133,030 | +€380 | +0.3% |
| Accrued charges and deferred income | 492/3 | €5,066 | €4,624 | -€443 | -8.7% |
| Remuneration, social security and pensions | 62 | €55,758 | €81,673 | +€25,915 | +46.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,066 | €25,306 | -€760 | -2.9% |
| Other operating charges | 640/8 | €3,611 | €2,788 | -€823 | -22.8% |
| Gross operating margin | 9900 | €163,435 | €237,529 | +€74,093 | +45.3% |
| Operating profit (loss) | 9901 | €78,000 | €127,762 | +€49,762 | +63.8% |
| Financial income | 75/76B | €804 | €1,630 | +€826 | +102.7% |
| Recurring financial income | 75 | €804 | €1,630 | +€826 | +102.7% |
| Financial charges | 65/66B | €11,275 | €10,148 | -€1,127 | -10.0% |
| Recurring financial charges | 65 | €11,275 | €10,148 | -€1,127 | -10.0% |
| Profit (loss) for the period before taxes | 9903 | €67,530 | €119,245 | +€51,715 | +76.6% |
| Income taxes | 67/77 | €18,565 | €33,080 | +€14,515 | +78.2% |
| Profit (loss) for the period | 9904 | €48,965 | €86,165 | +€37,200 | +76.0% |
| Profit (loss) for the period to be appropriated | 9905 | €48,965 | €86,165 | +€37,200 | +76.0% |
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 11 October 2026 via checked.be.