MAOLIS: 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.
MAOLIS
Largest movements
- Receivables within one year +€64,166
up €64,166 (+443.3%), from €14,474 to €78,640
of which Trade receivables: +€53,866
- Cash -€21,058
down €21,058 (-74.3%), from €28,346 to €7,288
mainly Receivables within one year (-€64,166) and Investment in fixed assets (net) (-€20,980)
- Tangible fixed assets +€15,071
new in 2025: €15,071
- Stocks and contracts -€5,642
down €5,642 (-78.3%), from €7,206 to €1,564
- Intangible fixed assets +€2,932
new in 2025: €2,932
- Reserves +€32,444
up €32,444 (+552.2%), from €5,875 to €38,320
- Current portion of long-term debt +€15,900
new in 2025: €15,900
- Tax, wage and social debts +€8,474
up €8,474 (+196.4%), from €4,315 to €12,789
- Other debts -€7,203
down €7,203 (-65.1%), from €11,073 to €3,870
- Trade debts +€5,638
up €5,638 (+23.5%), from €23,977 to €29,615
- Gross operating margin +€39,469
up €39,469 (+406.4%), from €9,712 to €49,182
- Taxes +€8,845
up €8,845 (+434.8%), from €2,034 to €10,880
- Depreciation +€2,977
new in 2025: €2,977
- Financial charges +€1,154
up €1,154 (+63.2%), from €1,827 to €2,981
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 | €50,241 | €105,494 | +€55,254 | +110.0% |
| Fixed assets | 21/28 | - | €18,003 | +€18,003 | |
| Intangible fixed assets | 21 | - | €2,932 | +€2,932 | |
| Tangible fixed assets | 22/27 | - | €15,071 | +€15,071 | |
| Furniture and vehicles | 24 | - | €15,071 | +€15,071 | |
| Current assets | 29/58 | €50,241 | €87,492 | +€37,251 | +74.1% |
| Stocks and contracts in progress | 3 | €7,206 | €1,564 | -€5,642 | -78.3% |
| Stocks | 30/36 | €7,206 | €1,564 | -€5,642 | -78.3% |
| Amounts receivable within one year | 40/41 | €14,474 | €78,640 | +€64,166 | +443.3% |
| Trade receivables | 40 | €9,924 | €63,790 | +€53,866 | +542.8% |
| Other amounts receivable | 41 | €4,550 | €14,850 | +€10,300 | +226.4% |
| Cash at bank and in hand | 54/58 | €28,346 | €7,288 | -€21,058 | -74.3% |
| Deferred charges and accrued income | 490/1 | €215 | - | -€215 | |
| Total equity and liabilities | 10/49 | €50,241 | €105,494 | +€55,254 | +110.0% |
| Equity | 10/15 | €10,875 | €43,320 | +€32,444 | +298.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €5,875 | €38,320 | +€32,444 | +552.2% |
| Distributable reserves | 133 | €5,875 | €38,320 | +€32,444 | +552.2% |
| Amounts payable | 17/49 | €39,365 | €62,175 | +€22,809 | +57.9% |
| Amounts payable within one year | 42/48 | €39,365 | €62,175 | +€22,809 | +57.9% |
| Current portion of amounts payable after more than one year | 42 | - | €15,900 | +€15,900 | |
| Trade debts | 44 | €23,977 | €29,615 | +€5,638 | +23.5% |
| Suppliers | 440/4 | €23,977 | €29,615 | +€5,638 | +23.5% |
| Taxes, remuneration and social security | 45 | €4,315 | €12,789 | +€8,474 | +196.4% |
| Taxes | 450/3 | €4,315 | €12,789 | +€8,474 | +196.4% |
| Other amounts payable | 47/48 | €11,073 | €3,870 | -€7,203 | -65.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €2,977 | +€2,977 | |
| Gross operating margin | 9900 | €9,712 | €49,182 | +€39,469 | +406.4% |
| Operating profit (loss) | 9901 | €9,712 | €46,204 | +€36,492 | +375.7% |
| Financial income | 75/76B | €24 | €101 | +€77 | +313.7% |
| Recurring financial income | 75 | €24 | €101 | +€77 | +313.7% |
| Financial charges | 65/66B | €1,827 | €2,981 | +€1,154 | +63.2% |
| Recurring financial charges | 65 | €1,827 | €2,981 | +€1,154 | +63.2% |
| Profit (loss) for the period before taxes | 9903 | €7,909 | €43,324 | +€35,415 | +447.7% |
| Income taxes | 67/77 | €2,034 | €10,880 | +€8,845 | +434.8% |
| Profit (loss) for the period | 9904 | €5,875 | €32,444 | +€26,569 | +452.2% |
| Profit (loss) for the period to be appropriated | 9905 | €5,875 | €32,444 | +€26,569 | +452.2% |
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 29 September 2026 via checked.be.