MAISCH: 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.
MAISCH
Largest movements
- Tangible fixed assets -€9,048
down €9,048 (-10.1%), from €89,158 to €80,111
of which Furniture and vehicles: -€4,624
- Cash +€7,917
up €7,917 (+139%), from €5,707 to €13,624
mainly Other debts (+€33,664) and Depreciation (+€16,408)
- Receivables within one year +€1,208
up €1,208 (+30.7%), from €3,938 to €5,146
of which Other amounts receivable: +€1,046
- Other debts +€33,664
up €33,664 (+47.8%), from €70,414 to €104,078
- Profit (loss) carried forward -€21,228
down €21,228 (-23.1%), from -€91,974 to -€113,202
- Debts after one year -€7,925
down €7,925 (-10.1%), from €78,102 to €70,177
- Trade debts -€4,341
down €4,341 (-90.2%), from €4,811 to €470
- Gross operating margin +€5,670
up €5,670, from -€5,535 to €136
- Depreciation +€3,460
up €3,460 (+26.7%), from €12,948 to €16,408
- Financial income -€512
down €512 (-82.7%), from €618 to €107
- Financial charges +€453
up €453 (+10.7%), from €4,222 to €4,675
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 | €98,957 | €100,004 | +€1,047 | +1.1% |
| Fixed assets | 21/28 | €89,158 | €80,111 | -€9,048 | -10.1% |
| Tangible fixed assets | 22/27 | €89,158 | €80,111 | -€9,048 | -10.1% |
| Plant, machinery and equipment | 23 | €41,256 | €36,831 | -€4,424 | -10.7% |
| Furniture and vehicles | 24 | €47,903 | €43,279 | -€4,624 | -9.7% |
| Current assets | 29/58 | €9,799 | €19,894 | +€10,095 | +103% |
| Amounts receivable within one year | 40/41 | €3,938 | €5,146 | +€1,208 | +30.7% |
| Trade receivables | 40 | - | €162 | +€162 | |
| Other amounts receivable | 41 | €3,938 | €4,984 | +€1,046 | +26.6% |
| Cash at bank and in hand | 54/58 | €5,707 | €13,624 | +€7,917 | +139% |
| Deferred charges and accrued income | 490/1 | €155 | €1,125 | +€970 | +627% |
| Total equity and liabilities | 10/49 | €98,957 | €100,004 | +€1,047 | +1.1% |
| Equity | 10/15 | -€61,974 | -€83,202 | -€21,228 | -34.3% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€91,974 | -€113,202 | -€21,228 | -23.1% |
| Amounts payable | 17/49 | €160,932 | €183,207 | +€22,275 | +13.8% |
| Amounts payable after more than one year | 17 | €78,102 | €70,177 | -€7,925 | -10.1% |
| Financial debts | 170/4 | €78,102 | €70,177 | -€7,925 | -10.1% |
| Amounts payable within one year | 42/48 | €82,830 | €112,472 | +€29,643 | +35.8% |
| Current portion of amounts payable after more than one year | 42 | €7,605 | €7,925 | +€320 | +4.2% |
| Trade debts | 44 | €4,811 | €470 | -€4,341 | -90.2% |
| Suppliers | 440/4 | €4,811 | €470 | -€4,341 | -90.2% |
| Other amounts payable | 47/48 | €70,414 | €104,078 | +€33,664 | +47.8% |
| Accrued charges and deferred income | 492/3 | - | €557 | +€557 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,948 | €16,408 | +€3,460 | +26.7% |
| Other operating charges | 640/8 | €384 | €387 | +€3 | +0.8% |
| Gross operating margin | 9900 | -€5,535 | €136 | +€5,670 | |
| Operating profit (loss) | 9901 | -€18,868 | -€16,660 | +€2,208 | +11.7% |
| Financial income | 75/76B | €618 | €107 | -€512 | -82.7% |
| Recurring financial income | 75 | €618 | €107 | -€512 | -82.7% |
| Financial charges | 65/66B | €4,222 | €4,675 | +€453 | +10.7% |
| Recurring financial charges | 65 | €4,222 | €4,675 | +€453 | +10.7% |
| Profit (loss) for the period before taxes | 9903 | -€22,471 | -€21,228 | +€1,243 | +5.5% |
| Profit (loss) for the period | 9904 | -€22,471 | -€21,228 | +€1,243 | +5.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€22,471 | -€21,228 | +€1,243 | +5.5% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.