MAIWEY: 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.
MAIWEY
Largest movements
- Cash +€148,591
up €148,591 (+148%), from €100,208 to €248,800
mainly Net result for the year (+€215,685) and Provisions (+€45,669)
- Receivables within one year +€123,731
new in 2025: €123,731
- Tangible fixed assets +€35,133
up €35,133 (+294%), from €11,951 to €47,083
- Reserves +€147,350
new in 2025: €147,350
- Profit (loss) carried forward +€68,335
up €68,335 (+73.5%), from €93,024 to €161,360
- Provisions +€45,669
new in 2025: €45,669
- Other debts +€44,164
up €44,164 (+3,819%), from €1,156 to €45,320
- Tax, wage and social debts +€10,411
up €10,411 (+205%), from €5,088 to €15,500
- Gross operating margin +€227,786
up €227,786 (+191%), from €119,539 to €347,325
- Provisions +€45,669
new in 2025: €45,669
- Taxes +€40,411
up €40,411 (+161%), from €25,088 to €65,500
- Depreciation +€7,563
up €7,563 (+550%), from €1,374 to €8,937
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 | €112,159 | €420,456 | +€308,297 | +275% |
| Fixed assets | 21/28 | €11,951 | €47,083 | +€35,133 | +294% |
| Tangible fixed assets | 22/27 | €11,951 | €47,083 | +€35,133 | +294% |
| Furniture and vehicles | 24 | €11,951 | €47,083 | +€35,133 | +294% |
| Current assets | 29/58 | €100,208 | €373,373 | +€273,164 | +273% |
| Amounts receivable within one year | 40/41 | - | €123,731 | +€123,731 | |
| Trade receivables | 40 | - | €123,731 | +€123,731 | |
| Cash at bank and in hand | 54/58 | €100,208 | €248,800 | +€148,591 | +148% |
| Deferred charges and accrued income | 490/1 | - | €842 | +€842 | |
| Total equity and liabilities | 10/49 | €112,159 | €420,456 | +€308,297 | +275% |
| Equity | 10/15 | €97,024 | €312,710 | +€215,685 | +222% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | - | €147,350 | +€147,350 | |
| Tax-exempt reserves | 132 | - | €147,350 | +€147,350 | |
| Profit (loss) carried forward | 14 | €93,024 | €161,360 | +€68,335 | +73.5% |
| Provisions and deferred taxes | 16 | - | €45,669 | +€45,669 | |
| Provisions for liabilities and charges | 160/5 | - | €45,669 | +€45,669 | |
| Other liabilities and charges | 164/5 | - | €45,669 | +€45,669 | |
| Amounts payable | 17/49 | €15,135 | €62,077 | +€46,942 | +310% |
| Amounts payable within one year | 42/48 | €15,135 | €62,077 | +€46,942 | +310% |
| Trade debts | 44 | €8,890 | €1,257 | -€7,633 | -85.9% |
| Suppliers | 440/4 | €8,890 | €1,257 | -€7,633 | -85.9% |
| Taxes, remuneration and social security | 45 | €5,088 | €15,500 | +€10,411 | +205% |
| Taxes | 450/3 | €5,088 | €15,500 | +€10,411 | +205% |
| Other amounts payable | 47/48 | €1,156 | €45,320 | +€44,164 | +3,819% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,374 | €8,937 | +€7,563 | +550% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €45,669 | +€45,669 | |
| Other operating charges | 640/8 | - | €1,194 | +€1,194 | |
| Non-recurring operating charges | 66A | - | €9,491 | +€9,491 | |
| Gross operating margin | 9900 | €119,539 | €347,325 | +€227,786 | +191% |
| Operating profit (loss) | 9901 | €118,165 | €282,034 | +€163,869 | +139% |
| Financial income | 75/76B | €0 | €0 | +€0 | +633% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +633% |
| Financial charges | 65/66B | €52 | €849 | +€797 | +1,539% |
| Recurring financial charges | 65 | €52 | €849 | +€797 | +1,539% |
| Profit (loss) for the period before taxes | 9903 | €118,113 | €281,185 | +€163,072 | +138% |
| Income taxes | 67/77 | €25,088 | €65,500 | +€40,411 | +161% |
| Profit (loss) for the period | 9904 | €93,024 | €215,685 | +€122,661 | +132% |
| Transfer to tax-exempt reserves | 689 | - | €147,350 | +€147,350 | |
| Profit (loss) for the period to be appropriated | 9905 | €93,024 | €68,335 | -€24,689 | -26.5% |
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 13 October 2026 via checked.be.