MAO3: 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.
MAO3
Largest movements
- Receivables within one year -€145,431
down €145,431 (-99.7%), from €145,800 to €369
- Cash +€89,152
up €89,152 (+94.8%), from €94,035 to €183,187
mainly Receivables within one year (+€145,431) and Net result for the year (+€133,768)
- Financial fixed assets +€39,344
up €39,344 (+5.8%), from €680,832 to €720,176
- Profit (loss) carried forward +€133,768
up €133,768, from €0 to €133,768
- Other debts -€108,269
down €108,269 (-73.3%), from €147,613 to €39,344
- Tax, wage and social debts -€42,434
no longer reported in 2025 (was €42,434)
- Financial income -€8,412
down €8,412 (-5.8%), from €145,800 to €137,388
- Gross operating margin +€803
up €803 (+18.6%), from -€4,315 to -€3,512
- Financial charges +€70
up €70 (+184.2%), from €38 to €108
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 | €920,667 | €903,732 | -€16,935 | -1.8% |
| Fixed assets | 21/28 | €680,832 | €720,176 | +€39,344 | +5.8% |
| Financial fixed assets | 28 | €680,832 | €720,176 | +€39,344 | +5.8% |
| Current assets | 29/58 | €239,835 | €183,556 | -€56,279 | -23.5% |
| Amounts receivable within one year | 40/41 | €145,800 | €369 | -€145,431 | -99.7% |
| Other amounts receivable | 41 | €145,800 | €369 | -€145,431 | -99.7% |
| Cash at bank and in hand | 54/58 | €94,035 | €183,187 | +€89,152 | +94.8% |
| Total equity and liabilities | 10/49 | €920,667 | €903,732 | -€16,935 | -1.8% |
| Equity | 10/15 | €730,620 | €864,388 | +€133,768 | +18.3% |
| Contributions | 10/11 | €730,620 | €730,620 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €133,768 | +€133,768 | |
| Amounts payable | 17/49 | €190,047 | €39,344 | -€150,703 | -79.3% |
| Amounts payable within one year | 42/48 | €190,047 | €39,344 | -€150,703 | -79.3% |
| Taxes, remuneration and social security | 45 | €42,434 | - | -€42,434 | |
| Taxes | 450/3 | €42,434 | - | -€42,434 | |
| Other amounts payable | 47/48 | €147,613 | €39,344 | -€108,269 | -73.3% |
| Gross operating margin | 9900 | -€4,315 | -€3,512 | +€803 | +18.6% |
| Operating profit (loss) | 9901 | -€4,315 | -€3,512 | +€803 | +18.6% |
| Financial income | 75/76B | €145,800 | €137,388 | -€8,412 | -5.8% |
| Recurring financial income | 75 | €145,800 | €137,388 | -€8,412 | -5.8% |
| Financial charges | 65/66B | €38 | €108 | +€70 | +184.2% |
| Recurring financial charges | 65 | €38 | €108 | +€70 | +184.2% |
| Profit (loss) for the period before taxes | 9903 | €141,447 | €133,768 | -€7,679 | -5.4% |
| Profit (loss) for the period | 9904 | €141,447 | €133,768 | -€7,679 | -5.4% |
| Profit (loss) for the period to be appropriated | 9905 | €141,447 | €133,768 | -€7,679 | -5.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.