MAONNI: 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.
MAONNI
Largest movements
- Cash +€24,961
up €24,961 (+155%), from €16,117 to €41,078
mainly Other debts (+€32,493) and Net result for the year (+€24,293)
- Receivables within one year +€4,792
up €4,792 (+9.0%), from €53,271 to €58,064
of which Trade receivables: +€5,638
- Tangible fixed assets -€2,194
down €2,194 (-46.0%), from €4,766 to €2,572
- Deferred charges and accrued income +€1,551
up €1,551 (+226%), from €686 to €2,237
- Other debts +€32,493
new in 2025: €32,493
- Profit (loss) carried forward -€13,881
down €13,881 (-36.4%), from €38,175 to €24,293
- Tax, wage and social debts +€5,863
up €5,863 (+32.4%), from €18,079 to €23,943
- Trade debts +€4,635
up €4,635 (+40.8%), from €11,355 to €15,990
- Gross operating margin -€9,612
down €9,612 (-19.4%), from €49,518 to €39,906
- Taxes +€509
up €509 (+4.6%), from €11,037 to €11,547
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 | €74,841 | €103,951 | +€29,110 | +38.9% |
| Fixed assets | 21/28 | €4,766 | €2,572 | -€2,194 | -46.0% |
| Tangible fixed assets | 22/27 | €4,766 | €2,572 | -€2,194 | -46.0% |
| Furniture and vehicles | 24 | €4,766 | €2,572 | -€2,194 | -46.0% |
| Current assets | 29/58 | €70,075 | €101,379 | +€31,305 | +44.7% |
| Amounts receivable within one year | 40/41 | €53,271 | €58,064 | +€4,792 | +9.0% |
| Trade receivables | 40 | €52,426 | €58,064 | +€5,638 | +10.8% |
| Other amounts receivable | 41 | €846 | - | -€846 | |
| Cash at bank and in hand | 54/58 | €16,117 | €41,078 | +€24,961 | +155% |
| Deferred charges and accrued income | 490/1 | €686 | €2,237 | +€1,551 | +226% |
| Total equity and liabilities | 10/49 | €74,841 | €103,951 | +€29,110 | +38.9% |
| Equity | 10/15 | €45,407 | €31,526 | -€13,881 | -30.6% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €1,232 | €1,232 | = | 0.0% |
| Distributable reserves | 133 | €1,232 | €1,232 | = | 0.0% |
| Profit (loss) carried forward | 14 | €38,175 | €24,293 | -€13,881 | -36.4% |
| Amounts payable | 17/49 | €29,434 | €72,426 | +€42,992 | +146% |
| Amounts payable within one year | 42/48 | €29,434 | €72,426 | +€42,992 | +146% |
| Trade debts | 44 | €11,355 | €15,990 | +€4,635 | +40.8% |
| Suppliers | 440/4 | €11,355 | €15,990 | +€4,635 | +40.8% |
| Taxes, remuneration and social security | 45 | €18,079 | €23,943 | +€5,863 | +32.4% |
| Taxes | 450/3 | €18,079 | €23,943 | +€5,863 | +32.4% |
| Other amounts payable | 47/48 | - | €32,493 | +€32,493 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,432 | €3,401 | -€30 | -0.9% |
| Other operating charges | 640/8 | €522 | €583 | +€61 | +11.8% |
| Gross operating margin | 9900 | €49,518 | €39,906 | -€9,612 | -19.4% |
| Operating profit (loss) | 9901 | €45,564 | €35,921 | -€9,643 | -21.2% |
| Financial charges | 65/66B | €460 | €81 | -€379 | -82.4% |
| Recurring financial charges | 65 | €460 | €81 | -€379 | -82.4% |
| Profit (loss) for the period before taxes | 9903 | €45,105 | €35,840 | -€9,265 | -20.5% |
| Income taxes | 67/77 | €11,037 | €11,547 | +€509 | +4.6% |
| Profit (loss) for the period | 9904 | €34,067 | €24,293 | -€9,774 | -28.7% |
| Profit (loss) for the period to be appropriated | 9905 | €34,067 | €24,293 | -€9,774 | -28.7% |
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 14 October 2026 via checked.be.