MAITRYSE: 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.
MAITRYSE
Largest movements
- Receivables within one year +€484,258
up €484,258 (+111.3%), from €435,178 to €919,436
of which Other amounts receivable: +€572,911
- Tangible fixed assets -€303,572
down €303,572 (-97.8%), from €310,512 to €6,940
of which Land and buildings: -€284,029
- Financial fixed assets -€232,883
down €232,883 (-99.6%), from €233,867 to €984
- Cash +€178,226
up €178,226 (+42.6%), from €418,676 to €596,902
mainly Net result for the year (+€564,367) and Investment in fixed assets (net) (+€516,912)
- Reserves +€564,367
up €564,367 (+85.5%), from €660,298 to €1.2m
of which Distributable reserves: +€562,507
- Trade debts -€176,668
down €176,668 (-93.0%), from €190,027 to €13,360
- Debts after one year -€169,372
no longer reported in 2025 (was €169,372)
- Other debts -€47,990
no longer reported in 2025 (was €47,990)
- Current portion of long-term debt -€44,210
no longer reported in 2025 (was €44,210)
- Financial income +€475,415
up €475,415 (+41338.3%), from €1,150 to €476,565
- Taxes +€108,671
up €108,671 (+39936.3%), from €272 to €108,943
- Other operating charges -€82,687
down €82,687 (-96.9%), from €85,356 to €2,669
- Gross operating margin +€64,853
up €64,853 (+41.5%), from €156,254 to €221,107
- Financial charges -€49,718
down €49,718 (-95.9%), from €51,868 to €2,151
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 | €1,414,073 | €1,528,143 | +€114,070 | +8.1% |
| Fixed assets | 21/28 | €544,379 | €7,924 | -€536,454 | -98.5% |
| Tangible fixed assets | 22/27 | €310,512 | €6,940 | -€303,572 | -97.8% |
| Land and buildings | 22 | €284,029 | - | -€284,029 | |
| Furniture and vehicles | 24 | €26,483 | €6,940 | -€19,543 | -73.8% |
| Financial fixed assets | 28 | €233,867 | €984 | -€232,883 | -99.6% |
| Current assets | 29/58 | €869,695 | €1,520,219 | +€650,524 | +74.8% |
| Amounts receivable within one year | 40/41 | €435,178 | €919,436 | +€484,258 | +111.3% |
| Trade receivables | 40 | €97,049 | €8,396 | -€88,653 | -91.3% |
| Other amounts receivable | 41 | €338,129 | €911,040 | +€572,911 | +169.4% |
| Cash at bank and in hand | 54/58 | €418,676 | €596,902 | +€178,226 | +42.6% |
| Deferred charges and accrued income | 490/1 | €15,841 | €3,880 | -€11,960 | -75.5% |
| Total equity and liabilities | 10/49 | €1,414,073 | €1,528,143 | +€114,070 | +8.1% |
| Equity | 10/15 | €941,134 | €1,505,501 | +€564,367 | +60.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €660,298 | €1,224,665 | +€564,367 | +85.5% |
| Non-distributable reserves | 130/1 | - | €1,860 | +€1,860 | |
| Reserves not available under the articles | 1311 | - | €1,860 | +€1,860 | |
| Distributable reserves | 133 | €660,298 | €1,222,805 | +€562,507 | +85.2% |
| Profit (loss) carried forward | 14 | €262,243 | €262,243 | = | 0.0% |
| Amounts payable | 17/49 | €472,940 | €22,642 | -€450,297 | -95.2% |
| Amounts payable after more than one year | 17 | €169,372 | - | -€169,372 | |
| Financial debts | 170/4 | €169,372 | - | -€169,372 | |
| Amounts payable within one year | 42/48 | €303,568 | €22,642 | -€280,925 | -92.5% |
| Current portion of amounts payable after more than one year | 42 | €44,210 | - | -€44,210 | |
| Trade debts | 44 | €190,027 | €13,360 | -€176,668 | -93.0% |
| Suppliers | 440/4 | €190,027 | €13,360 | -€176,668 | -93.0% |
| Taxes, remuneration and social security | 45 | €21,340 | €9,283 | -€12,057 | -56.5% |
| Taxes | 450/3 | €21,340 | €8,943 | -€12,397 | -58.1% |
| Remuneration and social security | 454/9 | - | €340 | +€340 | |
| Other amounts payable | 47/48 | €47,990 | - | -€47,990 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,039 | €19,543 | -€10,496 | -34.9% |
| Other operating charges | 640/8 | €85,356 | €2,669 | -€82,687 | -96.9% |
| Gross operating margin | 9900 | €156,254 | €221,107 | +€64,853 | +41.5% |
| Operating profit (loss) | 9901 | €40,859 | €198,895 | +€158,036 | +386.8% |
| Financial income | 75/76B | €1,150 | €476,565 | +€475,415 | +41338.3% |
| Recurring financial income | 75 | €1,150 | €476,565 | +€475,415 | +41338.3% |
| Financial charges | 65/66B | €51,868 | €2,151 | -€49,718 | -95.9% |
| Recurring financial charges | 65 | €51,868 | €2,151 | -€49,718 | -95.9% |
| Profit (loss) for the period before taxes | 9903 | -€9,859 | €673,310 | +€683,169 | |
| Income taxes | 67/77 | €272 | €108,943 | +€108,671 | +39936.3% |
| Profit (loss) for the period | 9904 | -€10,131 | €564,367 | +€574,498 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,131 | €564,367 | +€574,498 |
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 3 October 2026 via checked.be.