MAIOOR: 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.
MAIOOR
Largest movements
- Cash +€37,000
up €37,000 (+10.3%), from €360,662 to €397,662
mainly Net result for the year (+€228,203) and Trade debts (+€205,088)
- Receivables within one year +€23,757
up €23,757 (+40.5%), from €58,640 to €82,397
of which Trade receivables: +€23,297
- Tangible fixed assets -€5,750
down €5,750 (-8.6%), from €66,878 to €61,128
of which Furniture and vehicles: -€3,906
- Trade debts +€205,088
up €205,088 (+1512.4%), from €13,560 to €218,648
- Other debts -€154,871
down €154,871 (-37.4%), from €414,025 to €259,155
- Staff costs +€52,498
up €52,498 (+58.5%), from €89,705 to €142,203
- Gross operating margin +€36,507
up €36,507 (+10.3%), from €354,800 to €391,307
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 | €487,105 | €541,187 | +€54,083 | +11.1% |
| Fixed assets | 21/28 | €66,878 | €61,128 | -€5,750 | -8.6% |
| Tangible fixed assets | 22/27 | €66,878 | €61,128 | -€5,750 | -8.6% |
| Land and buildings | 22 | €16,496 | €14,800 | -€1,695 | -10.3% |
| Plant, machinery and equipment | 23 | €340 | €191 | -€149 | -43.7% |
| Furniture and vehicles | 24 | €50,042 | €46,136 | -€3,906 | -7.8% |
| Current assets | 29/58 | €420,226 | €480,059 | +€59,832 | +14.2% |
| Amounts receivable within one year | 40/41 | €58,640 | €82,397 | +€23,757 | +40.5% |
| Trade receivables | 40 | €58,606 | €81,903 | +€23,297 | +39.8% |
| Other amounts receivable | 41 | €34 | €494 | +€460 | +1365.6% |
| Cash at bank and in hand | 54/58 | €360,662 | €397,662 | +€37,000 | +10.3% |
| Deferred charges and accrued income | 490/1 | €925 | €0 | -€925 | -100.0% |
| Total equity and liabilities | 10/49 | €487,105 | €541,187 | +€54,083 | +11.1% |
| Equity | 10/15 | €17,767 | €20,970 | +€3,203 | +18.0% |
| Contributions | 10/11 | €6,240 | €6,240 | = | 0.0% |
| Reserves | 13 | €11,527 | €14,730 | +€3,203 | +27.8% |
| Distributable reserves | 133 | €11,527 | €14,730 | +€3,203 | +27.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €469,338 | €520,217 | +€50,879 | +10.8% |
| Amounts payable within one year | 42/48 | €469,338 | €520,217 | +€50,879 | +10.8% |
| Trade debts | 44 | €13,560 | €218,648 | +€205,088 | +1512.4% |
| Suppliers | 440/4 | €13,560 | €218,648 | +€205,088 | +1512.4% |
| Taxes, remuneration and social security | 45 | €41,752 | €42,414 | +€662 | +1.6% |
| Taxes | 450/3 | €20,587 | €28,909 | +€8,322 | +40.4% |
| Remuneration and social security | 454/9 | €21,165 | €13,505 | -€7,660 | -36.2% |
| Other amounts payable | 47/48 | €414,025 | €259,155 | -€154,871 | -37.4% |
| Remuneration, social security and pensions | 62 | €89,705 | €142,203 | +€52,498 | +58.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,043 | €15,858 | +€3,814 | +31.7% |
| Other operating charges | 640/8 | €649 | €2,444 | +€1,796 | +276.9% |
| Gross operating margin | 9900 | €354,800 | €391,307 | +€36,507 | +10.3% |
| Operating profit (loss) | 9901 | €252,404 | €230,802 | -€21,601 | -8.6% |
| Financial income | 75/76B | €7 | €7 | -€0 | -0.1% |
| Recurring financial income | 75 | €7 | €7 | -€0 | -0.1% |
| Financial charges | 65/66B | €241 | €100 | -€141 | -58.5% |
| Recurring financial charges | 65 | €241 | €100 | -€141 | -58.5% |
| Profit (loss) for the period before taxes | 9903 | €252,170 | €230,709 | -€21,461 | -8.5% |
| Income taxes | 67/77 | €6,276 | €2,506 | -€3,770 | -60.1% |
| Profit (loss) for the period | 9904 | €245,894 | €228,203 | -€17,690 | -7.2% |
| Profit (loss) for the period to be appropriated | 9905 | €245,894 | €228,203 | -€17,690 | -7.2% |
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 8 October 2026 via checked.be.