MAULUX: what changed
Two fiscal 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.
MAULUX
Largest movements
- Cash -€141,090
down €141,090 (-54.1%), from €260,769 to €119,679
mainly Contributions, distributions and other (-€138,000) and Other debts (-€102,739)
- Receivables within one year +€45,301
up €45,301 (+14234.5%), from €318 to €45,620
of which Trade receivables: +€24,200
- Other debts -€102,739
down €102,739 (-46.7%), from €220,039 to €117,300
- Tax, wage and social debts +€6,745
up €6,745 (+36.1%), from €18,674 to €25,419
- Gross operating margin +€47,539
up €47,539 (+34.4%), from €138,104 to €185,644
- Taxes +€16,898
up €16,898 (+57.0%), from €29,659 to €46,556
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 | €264,447 | €168,820 | -€95,627 | -36.2% |
| Fixed assets | 21/28 | €104 | €104 | = | 0.0% |
| Financial fixed assets | 28 | €104 | €104 | = | 0.0% |
| Current assets | 29/58 | €264,343 | €168,716 | -€95,627 | -36.2% |
| Amounts receivable within one year | 40/41 | €318 | €45,620 | +€45,301 | +14234.5% |
| Trade receivables | 40 | - | €24,200 | +€24,200 | |
| Other amounts receivable | 41 | €318 | €21,420 | +€21,101 | +6630.4% |
| Cash at bank and in hand | 54/58 | €260,769 | €119,679 | -€141,090 | -54.1% |
| Deferred charges and accrued income | 490/1 | €3,256 | €3,418 | +€162 | +5.0% |
| Total equity and liabilities | 10/49 | €264,447 | €168,820 | -€95,627 | -36.2% |
| Equity | 10/15 | €22,834 | €23,167 | +€334 | +1.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,834 | €3,167 | +€334 | +11.8% |
| Distributable reserves | 133 | €2,834 | €3,167 | +€334 | +11.8% |
| Amounts payable | 17/49 | €241,614 | €145,653 | -€95,961 | -39.7% |
| Amounts payable within one year | 42/48 | €241,614 | €145,653 | -€95,961 | -39.7% |
| Trade debts | 44 | €2,901 | €2,933 | +€32 | +1.1% |
| Suppliers | 440/4 | €2,901 | €2,933 | +€32 | +1.1% |
| Taxes, remuneration and social security | 45 | €18,674 | €25,419 | +€6,745 | +36.1% |
| Taxes | 450/3 | €18,674 | €25,419 | +€6,745 | +36.1% |
| Other amounts payable | 47/48 | €220,039 | €117,300 | -€102,739 | -46.7% |
| Other operating charges | 640/8 | €232 | €476 | +€244 | +105.4% |
| Gross operating margin | 9900 | €138,104 | €185,644 | +€47,539 | +34.4% |
| Operating profit (loss) | 9901 | €137,873 | €185,167 | +€47,295 | +34.3% |
| Financial charges | 65/66B | €338 | €278 | -€60 | -17.8% |
| Recurring financial charges | 65 | €338 | €278 | -€60 | -17.8% |
| Profit (loss) for the period before taxes | 9903 | €137,535 | €184,890 | +€47,355 | +34.4% |
| Income taxes | 67/77 | €29,659 | €46,556 | +€16,898 | +57.0% |
| Profit (loss) for the period | 9904 | €107,876 | €138,334 | +€30,457 | +28.2% |
| Profit (loss) for the period to be appropriated | 9905 | €107,876 | €138,334 | +€30,457 | +28.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.