MAISSA: 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.
MAISSA
Largest movements
- Receivables within one year +€8,293
up €8,293 (+59.6%), from €13,920 to €22,214
of which Other amounts receivable: +€8,293
- Cash -€6,353
down €6,353 (-64.0%), from €9,925 to €3,572
mainly Receivables within one year (-€8,293) and Tax, wage and social debts (-€1,728)
- Profit (loss) carried forward +€2,754
up €2,754 (+56.9%), from €4,836 to €7,591
- Tax, wage and social debts -€1,728
down €1,728 (-27.7%), from €6,231 to €4,503
- Trade debts +€914
up €914 (+39.8%), from €2,294 to €3,208
- Purchases and services -€4,272
down €4,272 (-11.2%), from €38,198 to €33,926
- Gross operating margin +€1,287
up €1,287 (+45.4%), from €2,834 to €4,121
- Taxes +€290
up €290 (+49.4%), from €587 to €877
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 | €23,845 | €25,785 | +€1,940 | +8.1% |
| Current assets | 29/58 | €23,845 | €25,785 | +€1,940 | +8.1% |
| Amounts receivable within one year | 40/41 | €13,920 | €22,214 | +€8,293 | +59.6% |
| Trade receivables | 40 | €4,222 | €4,222 | = | 0.0% |
| Other amounts receivable | 41 | €9,699 | €17,992 | +€8,293 | +85.5% |
| Cash at bank and in hand | 54/58 | €9,925 | €3,572 | -€6,353 | -64.0% |
| Total equity and liabilities | 10/49 | €23,845 | €25,785 | +€1,940 | +8.1% |
| Equity | 10/15 | €15,320 | €18,074 | +€2,754 | +18.0% |
| Contributions | 10/11 | €10,200 | €10,200 | = | 0.0% |
| Capital | 10 | €10,200 | €10,200 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €8,400 | €8,400 | = | 0.0% |
| Reserves | 13 | €284 | €284 | = | 0.0% |
| Non-distributable reserves | 130/1 | €284 | €284 | = | 0.0% |
| Legal reserve | 130 | €284 | €284 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,836 | €7,591 | +€2,754 | +56.9% |
| Amounts payable | 17/49 | €8,525 | €7,711 | -€814 | -9.6% |
| Amounts payable within one year | 42/48 | €8,525 | €7,711 | -€814 | -9.6% |
| Trade debts | 44 | €2,294 | €3,208 | +€914 | +39.8% |
| Suppliers | 440/4 | €2,294 | €3,208 | +€914 | +39.8% |
| Taxes, remuneration and social security | 45 | €6,231 | €4,503 | -€1,728 | -27.7% |
| Taxes | 450/3 | €6,231 | €4,503 | -€1,728 | -27.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €38,198 | €33,926 | -€4,272 | -11.2% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €2,834 | €4,121 | +€1,287 | +45.4% |
| Operating profit (loss) | 9901 | €2,447 | €3,721 | +€1,274 | +52.1% |
| Financial charges | 65/66B | €99 | €90 | -€9 | -9.2% |
| Recurring financial charges | 65 | €99 | €90 | -€9 | -9.2% |
| Profit (loss) for the period before taxes | 9903 | €2,348 | €3,631 | +€1,283 | +54.7% |
| Income taxes | 67/77 | €587 | €877 | +€290 | +49.4% |
| Profit (loss) for the period | 9904 | €1,761 | €2,754 | +€993 | +56.4% |
| Profit (loss) for the period to be appropriated | 9905 | €1,761 | €2,754 | +€993 | +56.4% |
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 7 October 2026 via checked.be.