MAITOM: 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.
MAITOM
Largest movements
- Receivables within one year +€31,685
up €31,685 (+70.0%), from €45,274 to €76,959
of which Trade receivables: +€18,856
- Cash -€31,056
down €31,056 (-26.3%), from €118,260 to €87,204
mainly Receivables within one year (-€31,685) and Investment in fixed assets (net) (-€11,761)
- Tangible fixed assets +€11,308
new in 2024: €11,308
- Tax, wage and social debts +€12,153
up €12,153 (+33.6%), from €36,151 to €48,303
of which Taxes: +€7,580
- Profit (loss) carried forward +€3,491
up €3,491 (+10.5%), from -€33,333 to -€29,843
- Trade debts -€3,456
down €3,456 (-76.8%), from €4,499 to €1,043
- Other debts +€2,375
up €2,375 (+3.9%), from €60,231 to €62,605
- Gross operating margin -€36,570
down €36,570 (-64.9%), from €56,340 to €19,771
- Staff costs +€7,604
up €7,604 (+321.8%), from €2,363 to €9,967
- Taxes -€5,469
no longer reported in 2024 (was €5,469)
- Financial charges -€585
down €585 (-12.5%), from €4,685 to €4,100
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €167,717 | €182,279 | +€14,562 | +8.7% |
| Fixed assets | 21/28 | €3,219 | €14,788 | +€11,569 | +359.4% |
| Tangible fixed assets | 22/27 | - | €11,308 | +€11,308 | |
| Plant, machinery and equipment | 23 | - | €11,308 | +€11,308 | |
| Financial fixed assets | 28 | €3,219 | €3,480 | +€261 | +8.1% |
| Current assets | 29/58 | €164,498 | €167,491 | +€2,993 | +1.8% |
| Stocks and contracts in progress | 3 | €964 | €1,751 | +€787 | +81.6% |
| Stocks | 30/36 | €964 | €1,751 | +€787 | +81.6% |
| Amounts receivable within one year | 40/41 | €45,274 | €76,959 | +€31,685 | +70.0% |
| Trade receivables | 40 | €28,507 | €47,364 | +€18,856 | +66.1% |
| Other amounts receivable | 41 | €16,767 | €29,595 | +€12,829 | +76.5% |
| Cash at bank and in hand | 54/58 | €118,260 | €87,204 | -€31,056 | -26.3% |
| Deferred charges and accrued income | 490/1 | - | €1,576 | +€1,576 | |
| Total equity and liabilities | 10/49 | €167,717 | €182,279 | +€14,562 | +8.7% |
| Equity | 10/15 | -€8,163 | -€4,673 | +€3,491 | +42.8% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €6,578 | €6,578 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,578 | €6,578 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Other | 1319 | €4,718 | €4,718 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€33,333 | -€29,843 | +€3,491 | +10.5% |
| Amounts payable | 17/49 | €175,881 | €186,952 | +€11,071 | +6.3% |
| Amounts payable after more than one year | 17 | €75,000 | €75,000 | = | 0.0% |
| Financial debts | 170/4 | €75,000 | €75,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €100,881 | €111,952 | +€11,071 | +11.0% |
| Trade debts | 44 | €4,499 | €1,043 | -€3,456 | -76.8% |
| Suppliers | 440/4 | €4,499 | €1,043 | -€3,456 | -76.8% |
| Taxes, remuneration and social security | 45 | €36,151 | €48,303 | +€12,153 | +33.6% |
| Taxes | 450/3 | €35,196 | €42,776 | +€7,580 | +21.5% |
| Remuneration and social security | 454/9 | €955 | €5,528 | +€4,573 | +478.7% |
| Other amounts payable | 47/48 | €60,231 | €62,605 | +€2,375 | +3.9% |
| Remuneration, social security and pensions | 62 | €2,363 | €9,967 | +€7,604 | +321.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €192 | +€192 | |
| Other operating charges | 640/8 | €2,122 | €2,057 | -€65 | -3.1% |
| Gross operating margin | 9900 | €56,340 | €19,771 | -€36,570 | -64.9% |
| Operating profit (loss) | 9901 | €51,855 | €7,554 | -€44,301 | -85.4% |
| Financial income | 75/76B | - | €36 | +€36 | |
| Recurring financial income | 75 | - | €36 | +€36 | |
| Financial charges | 65/66B | €4,685 | €4,100 | -€585 | -12.5% |
| Recurring financial charges | 65 | €4,685 | €4,100 | -€585 | -12.5% |
| Profit (loss) for the period before taxes | 9903 | €47,170 | €3,491 | -€43,679 | -92.6% |
| Income taxes | 67/77 | €5,469 | - | -€5,469 | |
| Profit (loss) for the period | 9904 | €41,701 | €3,491 | -€38,210 | -91.6% |
| Profit (loss) for the period to be appropriated | 9905 | €41,701 | €3,491 | -€38,210 | -91.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.