MAISSA LEI: 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.
MAISSA LEI
Largest movements
- Stocks and contracts +€19,296
up €19,296 (+638%), from €3,026 to €22,322
- Receivables within one year -€14,644
down €14,644 (-94.8%), from €15,445 to €801
of which Trade receivables: -€14,282
- Cash -€6,156
down €6,156 (-76.2%), from €8,075 to €1,919
mainly Stocks and contracts (-€19,296) and Trade debts (-€6,130)
- Trade debts -€6,130
down €6,130 (-59.0%), from €10,381 to €4,251
- Other debts +€2,492
new in 2025: €2,492
- Profit (loss) carried forward +€2,055
up €2,055 (+58.2%), from €3,531 to €5,586
- Turnover -€11,859
down €11,859 (-16.9%), from €70,042 to €58,183
- Purchases and services -€11,054
down €11,054 (-16.5%), from €67,028 to €55,974
- Gross operating margin -€1,431
down €1,431 (-29.6%), from €4,841 to €3,409
- Depreciation -€1,119
no longer reported in 2025 (was €1,119)
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 | €28,147 | €26,642 | -€1,505 | -5.3% |
| Fixed assets | 21/28 | €1,600 | €1,600 | = | 0.0% |
| Financial fixed assets | 28 | €1,600 | €1,600 | = | 0.0% |
| Current assets | 29/58 | €26,547 | €25,042 | -€1,505 | -5.7% |
| Stocks and contracts in progress | 3 | €3,026 | €22,322 | +€19,296 | +638% |
| Stocks | 30/36 | €3,026 | €22,322 | +€19,296 | +638% |
| Amounts receivable within one year | 40/41 | €15,445 | €801 | -€14,644 | -94.8% |
| Trade receivables | 40 | €14,430 | €148 | -€14,282 | -99.0% |
| Other amounts receivable | 41 | €1,015 | €653 | -€362 | -35.7% |
| Cash at bank and in hand | 54/58 | €8,075 | €1,919 | -€6,156 | -76.2% |
| Total equity and liabilities | 10/49 | €28,147 | €26,642 | -€1,505 | -5.3% |
| Equity | 10/15 | €17,331 | €19,386 | +€2,055 | +11.9% |
| Contributions | 10/11 | €13,800 | €13,800 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,531 | €5,586 | +€2,055 | +58.2% |
| Amounts payable | 17/49 | €10,815 | €7,256 | -€3,559 | -32.9% |
| Amounts payable within one year | 42/48 | €10,815 | €7,256 | -€3,559 | -32.9% |
| Trade debts | 44 | €10,381 | €4,251 | -€6,130 | -59.0% |
| Suppliers | 440/4 | €10,381 | €4,251 | -€6,130 | -59.0% |
| Taxes, remuneration and social security | 45 | €434 | €513 | +€79 | +18.2% |
| Taxes | 450/3 | €434 | €513 | +€79 | +18.2% |
| Other amounts payable | 47/48 | - | €2,492 | +€2,492 | |
| Turnover | 70 | €70,042 | €58,183 | -€11,859 | -16.9% |
| Non-recurring operating income | 76A | €626 | - | -€626 | |
| Goods, raw materials, services and sundry goods | 60/61 | €67,028 | €55,974 | -€11,054 | -16.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,119 | - | -€1,119 | |
| Other operating charges | 640/8 | €850 | €596 | -€253 | -29.8% |
| Non-recurring operating charges | 66A | €2,057 | - | -€2,057 | |
| Gross operating margin | 9900 | €4,841 | €3,409 | -€1,431 | -29.6% |
| Operating profit (loss) | 9901 | €815 | €2,813 | +€1,998 | +245% |
| Financial charges | 65/66B | €58 | €245 | +€187 | +325% |
| Recurring financial charges | 65 | €58 | €245 | +€187 | +325% |
| Profit (loss) for the period before taxes | 9903 | €757 | €2,568 | +€1,811 | +239% |
| Income taxes | 67/77 | €434 | €513 | +€79 | +18.2% |
| Profit (loss) for the period | 9904 | €323 | €2,055 | +€1,731 | +535% |
| Profit (loss) for the period to be appropriated | 9905 | €323 | €2,055 | +€1,731 | +535% |
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 23 October 2026 via checked.be.