Maugust: 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.
Maugust
Largest movements
- Receivables within one year +€152,161
up €152,161 (+119.9%), from €126,921 to €279,082
of which Other amounts receivable: +€153,470
- Cash +€117,810
up €117,810 (+524.9%), from €22,443 to €140,253
mainly Debts after one year (+€214,406) and Receivables after one year (+€54,000)
- Receivables after one year -€54,000
no longer reported in 2025 (was €54,000)
- Tangible fixed assets -€25,946
down €25,946 (-2.6%), from €1.0m to €977,747
- Debts after one year +€214,406
up €214,406 (+35.2%), from €608,497 to €822,903
of which Other amounts payable: +€250,000
- Other debts -€43,855
down €43,855 (-16.0%), from €274,045 to €230,190
- Reserves +€34,220
up €34,220 (+17.5%), from €196,013 to €230,233
- Trade debts -€22,360
down €22,360 (-42.3%), from €52,842 to €30,482
- Financial charges +€31,990
up €31,990 (+120.3%), from €26,601 to €58,591
- Depreciation +€19,789
up €19,789 (+226.7%), from €8,727 to €28,516
- Other operating charges -€19,091
down €19,091 (-72.1%), from €26,487 to €7,396
- Financial income -€10,820
down €10,820 (-87.8%), from €12,323 to €1,504
- Gross operating margin +€10,361
up €10,361 (+8.2%), from €126,017 to €136,378
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 | €1,207,137 | €1,397,082 | +€189,945 | +15.7% |
| Fixed assets | 21/28 | €1,003,693 | €977,747 | -€25,946 | -2.6% |
| Tangible fixed assets | 22/27 | €1,003,693 | €977,747 | -€25,946 | -2.6% |
| Land and buildings | 22 | €1,003,693 | €977,747 | -€25,946 | -2.6% |
| Current assets | 29/58 | €203,444 | €419,335 | +€215,891 | +106.1% |
| Amounts receivable after more than one year | 29 | €54,000 | - | -€54,000 | |
| Other amounts receivable | 291 | €54,000 | - | -€54,000 | |
| Amounts receivable within one year | 40/41 | €126,921 | €279,082 | +€152,161 | +119.9% |
| Trade receivables | 40 | €17,333 | €16,024 | -€1,309 | -7.5% |
| Other amounts receivable | 41 | €109,588 | €263,058 | +€153,470 | +140.0% |
| Cash at bank and in hand | 54/58 | €22,443 | €140,253 | +€117,810 | +524.9% |
| Deferred charges and accrued income | 490/1 | €81 | - | -€81 | |
| Total equity and liabilities | 10/49 | €1,207,137 | €1,397,082 | +€189,945 | +15.7% |
| Equity | 10/15 | €216,013 | €250,233 | +€34,220 | +15.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €196,013 | €230,233 | +€34,220 | +17.5% |
| Distributable reserves | 133 | €196,013 | €230,233 | +€34,220 | +17.5% |
| Amounts payable | 17/49 | €991,124 | €1,146,849 | +€155,725 | +15.7% |
| Amounts payable after more than one year | 17 | €608,497 | €822,903 | +€214,406 | +35.2% |
| Financial debts | 170/4 | €608,497 | €572,903 | -€35,594 | -5.8% |
| Other amounts payable | 178/9 | - | €250,000 | +€250,000 | |
| Amounts payable within one year | 42/48 | €382,627 | €323,946 | -€58,681 | -15.3% |
| Current portion of amounts payable after more than one year | 42 | €55,240 | €58,087 | +€2,848 | +5.2% |
| Trade debts | 44 | €52,842 | €30,482 | -€22,360 | -42.3% |
| Suppliers | 440/4 | €52,842 | €30,482 | -€22,360 | -42.3% |
| Taxes, remuneration and social security | 45 | €500 | €5,187 | +€4,687 | +937.3% |
| Taxes | 450/3 | €500 | €5,187 | +€4,687 | +937.3% |
| Other amounts payable | 47/48 | €274,045 | €230,190 | -€43,855 | -16.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,727 | €28,516 | +€19,789 | +226.7% |
| Other operating charges | 640/8 | €26,487 | €7,396 | -€19,091 | -72.1% |
| Gross operating margin | 9900 | €126,017 | €136,378 | +€10,361 | +8.2% |
| Operating profit (loss) | 9901 | €90,803 | €100,466 | +€9,663 | +10.6% |
| Financial income | 75/76B | €12,323 | €1,504 | -€10,820 | -87.8% |
| Recurring financial income | 75 | €12,323 | €1,504 | -€10,820 | -87.8% |
| Financial charges | 65/66B | €26,601 | €58,591 | +€31,990 | +120.3% |
| Recurring financial charges | 65 | €26,601 | €58,591 | +€31,990 | +120.3% |
| Profit (loss) for the period before taxes | 9903 | €76,526 | €43,379 | -€33,147 | -43.3% |
| Income taxes | 67/77 | €6,998 | €9,159 | +€2,161 | +30.9% |
| Profit (loss) for the period | 9904 | €69,527 | €34,220 | -€35,308 | -50.8% |
| Profit (loss) for the period to be appropriated | 9905 | €69,527 | €34,220 | -€35,308 | -50.8% |
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.