Maosheng: 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.
Maosheng
Largest movements
- Cash -€59,187
down €59,187 (-76.3%), from €77,544 to €18,358
mainly Accrued charges and deferred income (-€43,413) and Receivables within one year (-€35,057)
- Receivables within one year +€35,057
up €35,057 (+7,889%), from €444 to €35,501
of which Trade receivables: +€35,000
- Tangible fixed assets -€17,945
down €17,945 (-15.6%), from €115,114 to €97,169
of which Other tangible fixed assets: -€9,508
- Stocks and contracts -€13,746
down €13,746 (-8.6%), from €160,307 to €146,561
- Accrued charges and deferred income -€43,413
down €43,413 (-85.1%), from €51,025 to €7,611
- Other debts -€23,235
down €23,235 (-27.2%), from €85,453 to €62,218
- Profit (loss) carried forward +€14,900
up €14,900 (+11.0%), from €135,077 to €149,977
- Tax, wage and social debts +€13,869
up €13,869 (+89.8%), from €15,446 to €29,315
of which Remuneration and social security: +€9,627
- Debts after one year -€11,761
down €11,761 (-56.3%), from €20,898 to €9,137
- Gross operating margin +€50,595
up €50,595 (+52.6%), from €96,164 to €146,760
- Staff costs +€40,790
up €40,790 (+104%), from €39,353 to €80,143
- Taxes +€3,774
up €3,774 (+229%), from €1,650 to €5,424
- Financial charges -€3,768
down €3,768 (-71.9%), from €5,243 to €1,475
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 | €353,409 | €297,589 | -€55,820 | -15.8% |
| Fixed assets | 21/28 | €115,114 | €97,169 | -€17,945 | -15.6% |
| Tangible fixed assets | 22/27 | €115,114 | €97,169 | -€17,945 | -15.6% |
| Plant, machinery and equipment | 23 | €49,103 | €41,060 | -€8,043 | -16.4% |
| Furniture and vehicles | 24 | €3,127 | €2,733 | -€393 | -12.6% |
| Other tangible fixed assets | 26 | €62,884 | €53,376 | -€9,508 | -15.1% |
| Current assets | 29/58 | €238,296 | €200,420 | -€37,875 | -15.9% |
| Stocks and contracts in progress | 3 | €160,307 | €146,561 | -€13,746 | -8.6% |
| Stocks | 30/36 | €160,307 | €146,561 | -€13,746 | -8.6% |
| Amounts receivable within one year | 40/41 | €444 | €35,501 | +€35,057 | +7,889% |
| Trade receivables | 40 | - | €35,000 | +€35,000 | |
| Other amounts receivable | 41 | €444 | €501 | +€57 | +12.8% |
| Cash at bank and in hand | 54/58 | €77,544 | €18,358 | -€59,187 | -76.3% |
| Total equity and liabilities | 10/49 | €353,409 | €297,589 | -€55,820 | -15.8% |
| Equity | 10/15 | €154,359 | €169,259 | +€14,900 | +9.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €682 | €682 | = | 0.0% |
| Distributable reserves | 133 | €682 | €682 | = | 0.0% |
| Profit (loss) carried forward | 14 | €135,077 | €149,977 | +€14,900 | +11.0% |
| Amounts payable | 17/49 | €199,050 | €128,330 | -€70,719 | -35.5% |
| Amounts payable after more than one year | 17 | €20,898 | €9,137 | -€11,761 | -56.3% |
| Financial debts | 170/4 | €20,898 | €9,137 | -€11,761 | -56.3% |
| Amounts payable within one year | 42/48 | €127,127 | €111,582 | -€15,545 | -12.2% |
| Current portion of amounts payable after more than one year | 42 | €11,295 | €11,761 | +€466 | +4.1% |
| Trade debts | 44 | €14,932 | €8,288 | -€6,645 | -44.5% |
| Suppliers | 440/4 | €14,932 | €8,288 | -€6,645 | -44.5% |
| Taxes, remuneration and social security | 45 | €15,446 | €29,315 | +€13,869 | +89.8% |
| Taxes | 450/3 | €3,409 | €7,652 | +€4,243 | +124% |
| Remuneration and social security | 454/9 | €12,036 | €21,663 | +€9,627 | +80.0% |
| Other amounts payable | 47/48 | €85,453 | €62,218 | -€23,235 | -27.2% |
| Accrued charges and deferred income | 492/3 | €51,025 | €7,611 | -€43,413 | -85.1% |
| Remuneration, social security and pensions | 62 | €39,353 | €80,143 | +€40,790 | +104% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,616 | €17,945 | -€671 | -3.6% |
| Other operating charges | 640/8 | €25,609 | €26,967 | +€1,358 | +5.3% |
| Gross operating margin | 9900 | €96,164 | €146,760 | +€50,595 | +52.6% |
| Operating profit (loss) | 9901 | €12,587 | €21,705 | +€9,119 | +72.4% |
| Financial income | 75/76B | - | €93 | +€93 | |
| Recurring financial income | 75 | - | €93 | +€93 | |
| Financial charges | 65/66B | €5,243 | €1,475 | -€3,768 | -71.9% |
| Recurring financial charges | 65 | €5,243 | €1,475 | -€3,768 | -71.9% |
| Profit (loss) for the period before taxes | 9903 | €7,344 | €20,324 | +€12,979 | +177% |
| Income taxes | 67/77 | €1,650 | €5,424 | +€3,774 | +229% |
| Profit (loss) for the period | 9904 | €5,694 | €14,900 | +€9,206 | +162% |
| Profit (loss) for the period to be appropriated | 9905 | €5,694 | €14,900 | +€9,206 | +162% |
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 22 October 2026 via checked.be.