MAUEN P.: what changed
MAUEN P.
Largest movements
- Receivables within one year -€26,130
down €26,130 (-11.4%), from €229,450 to €203,320
of which Other amounts receivable: -€36,872
- Cash +€14,577
up €14,577 (+188%), from €7,760 to €22,337
mainly Receivables within one year (+€26,130) and Net result for the year (+€23,690)
- Tangible fixed assets -€9,860
down €9,860 (-45.8%), from €21,534 to €11,673
- Other debts -€41,000
down €41,000 (-78.4%), from €52,313 to €11,313
- Profit (loss) carried forward +€23,690
up €23,690 (+20.3%), from -€116,617 to -€92,927
- Accrued charges and deferred income -€9,607
down €9,607 (-36.3%), from €26,456 to €16,850
- Tax, wage and social debts +€2,949
up €2,949 (+10.6%), from €27,698 to €30,647
of which Taxes: +€14,514
- Gross operating margin -€59,285
down €59,285 (-42.9%), from €138,116 to €78,831
- Staff costs -€53,689
down €53,689 (-79.8%), from €67,252 to €13,563
- Financial charges +€15,567
up €15,567 (+195%), from €7,964 to €23,531
of which Non-recurring financial charges: +€15,000
- Taxes +€1,558
up €1,558 (+25.3%), from €6,152 to €7,710
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €263,745 | €241,677 | -€22,069 | -8.4% |
| Fixed assets | 21/28 | €21,534 | €11,673 | -€9,860 | -45.8% |
| Tangible fixed assets | 22/27 | €21,534 | €11,673 | -€9,860 | -45.8% |
| Furniture and vehicles | 24 | €21,534 | €11,673 | -€9,860 | -45.8% |
| Current assets | 29/58 | €242,212 | €230,003 | -€12,209 | -5.0% |
| Amounts receivable within one year | 40/41 | €229,450 | €203,320 | -€26,130 | -11.4% |
| Trade receivables | 40 | €37,343 | €48,084 | +€10,742 | +28.8% |
| Other amounts receivable | 41 | €192,107 | €155,235 | -€36,872 | -19.2% |
| Cash at bank and in hand | 54/58 | €7,760 | €22,337 | +€14,577 | +188% |
| Deferred charges and accrued income | 490/1 | €5,002 | €4,347 | -€656 | -13.1% |
| Total equity and liabilities | 10/49 | €263,745 | €241,677 | -€22,069 | -8.4% |
| Equity | 10/15 | €38,291 | €61,981 | +€23,690 | +61.9% |
| Contributions | 10/11 | €74,368 | €74,368 | = | 0.0% |
| Capital | 10 | €74,368 | €74,368 | = | 0.0% |
| Issued capital | 100 | €74,368 | €74,368 | = | 0.0% |
| Reserves | 13 | €80,540 | €80,540 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,437 | €7,437 | = | 0.0% |
| Legal reserve | 130 | €7,437 | €7,437 | = | 0.0% |
| Tax-exempt reserves | 132 | €60,709 | €60,709 | = | 0.0% |
| Distributable reserves | 133 | €12,395 | €12,395 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€116,617 | -€92,927 | +€23,690 | +20.3% |
| Amounts payable | 17/49 | €225,454 | €179,695 | -€45,759 | -20.3% |
| Amounts payable within one year | 42/48 | €198,998 | €162,846 | -€36,152 | -18.2% |
| Financial debts | 43 | €100,000 | €100,000 | = | 0.0% |
| Credit institutions | 430/8 | €100,000 | €100,000 | = | 0.0% |
| Trade debts | 44 | €18,987 | €20,885 | +€1,899 | +10.0% |
| Suppliers | 440/4 | €18,987 | €20,885 | +€1,899 | +10.0% |
| Taxes, remuneration and social security | 45 | €27,698 | €30,647 | +€2,949 | +10.6% |
| Taxes | 450/3 | €16,133 | €30,647 | +€14,514 | +90.0% |
| Remuneration and social security | 454/9 | €11,565 | - | -€11,565 | |
| Other amounts payable | 47/48 | €52,313 | €11,313 | -€41,000 | -78.4% |
| Accrued charges and deferred income | 492/3 | €26,456 | €16,850 | -€9,607 | -36.3% |
| Non-recurring operating income | 76A | €36,027 | €28,429 | -€7,599 | -21.1% |
| Remuneration, social security and pensions | 62 | €67,252 | €13,563 | -€53,689 | -79.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,867 | €12,118 | +€251 | +2.1% |
| Other operating charges | 640/8 | €407 | €415 | +€8 | +2.0% |
| Gross operating margin | 9900 | €138,116 | €78,831 | -€59,285 | -42.9% |
| Operating profit (loss) | 9901 | €58,590 | €52,735 | -€5,855 | -10.0% |
| Financial income | 75/76B | €2,778 | €2,196 | -€581 | -20.9% |
| Recurring financial income | 75 | €2,778 | €2,196 | -€581 | -20.9% |
| Financial charges | 65/66B | €7,964 | €23,531 | +€15,567 | +195% |
| Recurring financial charges | 65 | €7,964 | €8,531 | +€567 | +7.1% |
| Non-recurring financial charges | 66B | - | €15,000 | +€15,000 | |
| Profit (loss) for the period before taxes | 9903 | €53,403 | €31,400 | -€22,003 | -41.2% |
| Income taxes | 67/77 | €6,152 | €7,710 | +€1,558 | +25.3% |
| Profit (loss) for the period | 9904 | €47,252 | €23,690 | -€23,562 | -49.9% |
| Profit (loss) for the period to be appropriated | 9905 | €47,252 | €23,690 | -€23,562 | -49.9% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.