MAOMA: 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.
MAOMA
Largest movements
- Receivables within one year -€89,955
down €89,955 (-88.5%), from €101,654 to €11,699
of which Other amounts receivable: -€99,383
- Cash +€56,203
up €56,203 (+543.9%), from €10,333 to €66,536
mainly Other debts (+€152,807) and Receivables within one year (+€89,955)
- Tangible fixed assets -€19,423
down €19,423 (-4.0%), from €481,185 to €461,762
- Financial fixed assets -€10,000
down €10,000 (-100.0%), from €10,000 to €0
- Other debts +€152,807
up €152,807 (+12812.9%), from €1,193 to €154,000
- Debts after one year -€113,840
down €113,840 (-24.9%), from €457,857 to €344,016
of which Other amounts payable: -€88,655
- Reserves -€105,000
down €105,000 (-100.0%), from €105,000 to €0
- Financial income -€46,557
down €46,557 (-58.2%), from €80,018 to €33,462
- Depreciation -€19,424
down €19,424 (-50.0%), from €38,846 to €19,423
- Taxes +€3,591
up €3,591 (+168.3%), from €2,134 to €5,725
- Gross operating margin -€3,389
down €3,389 (-6.8%), from €49,893 to €46,504
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 | €603,173 | €539,997 | -€63,175 | -10.5% |
| Fixed assets | 21/28 | €491,185 | €461,762 | -€29,423 | -6.0% |
| Tangible fixed assets | 22/27 | €481,185 | €461,762 | -€19,423 | -4.0% |
| Land and buildings | 22 | €481,185 | €461,762 | -€19,423 | -4.0% |
| Financial fixed assets | 28 | €10,000 | €0 | -€10,000 | -100.0% |
| Current assets | 29/58 | €111,988 | €78,235 | -€33,753 | -30.1% |
| Amounts receivable within one year | 40/41 | €101,654 | €11,699 | -€89,955 | -88.5% |
| Trade receivables | 40 | €253 | €9,680 | +€9,427 | +3731.4% |
| Other amounts receivable | 41 | €101,402 | €2,019 | -€99,383 | -98.0% |
| Cash at bank and in hand | 54/58 | €10,333 | €66,536 | +€56,203 | +543.9% |
| Total equity and liabilities | 10/49 | €603,173 | €539,997 | -€63,175 | -10.5% |
| Equity | 10/15 | €115,182 | €10,645 | -€104,536 | -90.8% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €105,000 | €0 | -€105,000 | -100.0% |
| Distributable reserves | 133 | €105,000 | €0 | -€105,000 | -100.0% |
| Profit (loss) carried forward | 14 | €182 | €645 | +€464 | +254.9% |
| Amounts payable | 17/49 | €487,991 | €529,352 | +€41,361 | +8.5% |
| Amounts payable after more than one year | 17 | €457,857 | €344,016 | -€113,840 | -24.9% |
| Financial debts | 170/4 | €251,857 | €226,671 | -€25,186 | -10.0% |
| Other amounts payable | 178/9 | €206,000 | €117,345 | -€88,655 | -43.0% |
| Amounts payable within one year | 42/48 | €30,134 | €185,336 | +€155,201 | +515.0% |
| Current portion of amounts payable after more than one year | 42 | €25,186 | €25,186 | = | 0.0% |
| Trade debts | 44 | €247 | €1,138 | +€891 | +360.7% |
| Suppliers | 440/4 | €247 | €1,138 | +€891 | +360.7% |
| Taxes, remuneration and social security | 45 | €3,509 | €5,012 | +€1,503 | +42.8% |
| Taxes | 450/3 | €3,509 | €5,012 | +€1,503 | +42.8% |
| Other amounts payable | 47/48 | €1,193 | €154,000 | +€152,807 | +12812.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,846 | €19,423 | -€19,424 | -50.0% |
| Other operating charges | 640/8 | €2,477 | €2,554 | +€77 | +3.1% |
| Gross operating margin | 9900 | €49,893 | €46,504 | -€3,389 | -6.8% |
| Operating profit (loss) | 9901 | €8,570 | €24,528 | +€15,958 | +186.2% |
| Financial income | 75/76B | €80,018 | €33,462 | -€46,557 | -58.2% |
| Recurring financial income | 75 | €80,018 | €33,462 | -€46,557 | -58.2% |
| Financial charges | 65/66B | €3,058 | €2,801 | -€257 | -8.4% |
| Recurring financial charges | 65 | €3,058 | €2,801 | -€257 | -8.4% |
| Profit (loss) for the period before taxes | 9903 | €85,530 | €55,188 | -€30,342 | -35.5% |
| Income taxes | 67/77 | €2,134 | €5,725 | +€3,591 | +168.3% |
| Profit (loss) for the period | 9904 | €83,396 | €49,464 | -€33,933 | -40.7% |
| Profit (loss) for the period to be appropriated | 9905 | €83,396 | €49,464 | -€33,933 | -40.7% |
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 11 October 2026 via checked.be.