MAIRA: 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.
MAIRA
Largest movements
- Deferred charges and accrued income -€3,637
down €3,637 (-6.5%), from €56,281 to €52,644
- Receivables within one year +€2,346
up €2,346 (+21.1%), from €11,107 to €13,452
of which Trade receivables: +€2,120
- Tangible fixed assets -€1,251
down €1,251 (-38.7%), from €3,234 to €1,983
of which Plant, machinery and equipment: -€931
- Profit (loss) carried forward +€10,948
up €10,948 (+43.2%), from -€25,320 to -€14,371
- Short-term financial debts -€9,026
down €9,026 (-97.0%), from €9,310 to €284
- Other debts -€6,003
down €6,003 (-10.6%), from €56,710 to €50,707
- Tax, wage and social debts +€5,872
up €5,872 (+91.2%), from €6,439 to €12,311
of which Remuneration and social security: +€6,155
- Trade debts -€3,661
down €3,661 (-80.4%), from €4,551 to €890
of which Suppliers: -€4,341
- Taxes -€7,383
down €7,383, from €4,906 to -€2,477
- Gross operating margin -€6,114
down €6,114 (-25.7%), from €23,755 to €17,641
- Financial charges +€1,401
up €1,401 (+27.0%), from €5,192 to €6,593
- Depreciation +€512
up €512 (+44.8%), from €1,144 to €1,656
- Other operating charges +€319
up €319 (+53.0%), from €601 to €920
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €71,344 | €69,210 | -€2,134 | -3.0% |
| Fixed assets | 21/28 | €3,956 | €3,114 | -€842 | -21.3% |
| Intangible fixed assets | 21 | - | €409 | +€409 | |
| Tangible fixed assets | 22/27 | €3,234 | €1,983 | -€1,251 | -38.7% |
| Plant, machinery and equipment | 23 | €2,266 | €1,335 | -€931 | -41.1% |
| Furniture and vehicles | 24 | €967 | €648 | -€320 | -33.0% |
| Financial fixed assets | 28 | €722 | €722 | = | 0.0% |
| Current assets | 29/58 | €67,387 | €66,096 | -€1,291 | -1.9% |
| Amounts receivable within one year | 40/41 | €11,107 | €13,452 | +€2,346 | +21.1% |
| Trade receivables | 40 | €1,514 | €3,634 | +€2,120 | +140% |
| Other amounts receivable | 41 | €9,593 | €9,819 | +€226 | +2.4% |
| Deferred charges and accrued income | 490/1 | €56,281 | €52,644 | -€3,637 | -6.5% |
| Total equity and liabilities | 10/49 | €71,344 | €69,210 | -€2,134 | -3.0% |
| Equity | 10/15 | -€17,263 | -€6,315 | +€10,948 | +63.4% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€25,320 | -€14,371 | +€10,948 | +43.2% |
| Amounts payable | 17/49 | €88,607 | €75,525 | -€13,082 | -14.8% |
| Amounts payable within one year | 42/48 | €77,010 | €64,191 | -€12,818 | -16.6% |
| Financial debts | 43 | €9,310 | €284 | -€9,026 | -97.0% |
| Credit institutions | 430/8 | €9,310 | €284 | -€9,026 | -97.0% |
| Trade debts | 44 | €4,551 | €890 | -€3,661 | -80.4% |
| Suppliers | 440/4 | €4,551 | €210 | -€4,341 | -95.4% |
| Bills of exchange payable | 441 | - | €680 | +€680 | |
| Taxes, remuneration and social security | 45 | €6,439 | €12,311 | +€5,872 | +91.2% |
| Taxes | 450/3 | €356 | €74 | -€283 | -79.3% |
| Remuneration and social security | 454/9 | €6,082 | €12,237 | +€6,155 | +101% |
| Other amounts payable | 47/48 | €56,710 | €50,707 | -€6,003 | -10.6% |
| Accrued charges and deferred income | 492/3 | €11,597 | €11,333 | -€264 | -2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,144 | €1,656 | +€512 | +44.8% |
| Other operating charges | 640/8 | €601 | €920 | +€319 | +53.0% |
| Gross operating margin | 9900 | €23,755 | €17,641 | -€6,114 | -25.7% |
| Operating profit (loss) | 9901 | €22,010 | €15,064 | -€6,945 | -31.6% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €5,192 | €6,593 | +€1,401 | +27.0% |
| Recurring financial charges | 65 | €5,192 | €6,593 | +€1,401 | +27.0% |
| Profit (loss) for the period before taxes | 9903 | €16,817 | €8,471 | -€8,346 | -49.6% |
| Income taxes | 67/77 | €4,906 | -€2,477 | -€7,383 | |
| Profit (loss) for the period | 9904 | €11,912 | €10,948 | -€963 | -8.1% |
| Profit (loss) for the period to be appropriated | 9905 | €11,912 | €10,948 | -€963 | -8.1% |
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 26 October 2026 via checked.be.