Maumaro: 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.
Maumaro
Largest movements
- Current investments +€184,424
up €184,424 (+262%), from €70,260 to €254,684
- Receivables within one year -€100,736
down €100,736 (-42.0%), from €239,716 to €138,980
of which Trade receivables: -€130,015
- Deferred charges and accrued income +€26,140
up €26,140 (+793%), from €3,297 to €29,437
- Cash +€24,508
up €24,508 (+172%), from €14,268 to €38,775
mainly Net result for the year (+€154,580) and Receivables within one year (+€100,736)
- Reserves +€154,580
up €154,580 (+61.8%), from €250,278 to €404,858
of which Distributable reserves: +€83,010
- Tax, wage and social debts -€46,017
down €46,017 (-61.1%), from €75,283 to €29,266
- Trade debts +€8,209
up €8,209 (+449%), from €1,828 to €10,036
- Accrued charges and deferred income +€6,000
up €6,000 (+400%), from €1,500 to €7,500
- Other debts +€5,918
up €5,918 (+53.4%), from €11,082 to €17,000
- Gross operating margin +€54,075
up €54,075 (+35.3%), from €153,359 to €207,434
- Taxes +€15,882
up €15,882 (+46.3%), from €34,335 to €50,217
- Financial income +€4,100
up €4,100 (+5,974%), from €69 to €4,168
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 | €344,970 | €473,660 | +€128,690 | +37.3% |
| Fixed assets | 21/28 | €17,430 | €11,784 | -€5,646 | -32.4% |
| Tangible fixed assets | 22/27 | €9,080 | €5,084 | -€3,996 | -44.0% |
| Furniture and vehicles | 24 | €9,080 | €5,084 | -€3,996 | -44.0% |
| Financial fixed assets | 28 | €8,350 | €6,700 | -€1,650 | -19.8% |
| Current assets | 29/58 | €327,540 | €461,876 | +€134,336 | +41.0% |
| Amounts receivable within one year | 40/41 | €239,716 | €138,980 | -€100,736 | -42.0% |
| Trade receivables | 40 | €208,066 | €78,051 | -€130,015 | -62.5% |
| Other amounts receivable | 41 | €31,650 | €60,929 | +€29,279 | +92.5% |
| Current investments | 50/53 | €70,260 | €254,684 | +€184,424 | +262% |
| Cash at bank and in hand | 54/58 | €14,268 | €38,775 | +€24,508 | +172% |
| Deferred charges and accrued income | 490/1 | €3,297 | €29,437 | +€26,140 | +793% |
| Total equity and liabilities | 10/49 | €344,970 | €473,660 | +€128,690 | +37.3% |
| Equity | 10/15 | €255,278 | €409,858 | +€154,580 | +60.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €250,278 | €404,858 | +€154,580 | +61.8% |
| Tax-exempt reserves | 132 | - | €71,570 | +€71,570 | |
| Distributable reserves | 133 | €250,278 | €333,288 | +€83,010 | +33.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €89,693 | €63,803 | -€25,890 | -28.9% |
| Amounts payable within one year | 42/48 | €88,193 | €56,303 | -€31,890 | -36.2% |
| Trade debts | 44 | €1,828 | €10,036 | +€8,209 | +449% |
| Suppliers | 440/4 | €1,828 | €10,036 | +€8,209 | +449% |
| Taxes, remuneration and social security | 45 | €75,283 | €29,266 | -€46,017 | -61.1% |
| Taxes | 450/3 | €75,283 | €29,266 | -€46,017 | -61.1% |
| Other amounts payable | 47/48 | €11,082 | €17,000 | +€5,918 | +53.4% |
| Accrued charges and deferred income | 492/3 | €1,500 | €7,500 | +€6,000 | +400% |
| Non-recurring operating income | 76A | €2,099 | €0 | -€2,099 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,150 | €3,996 | -€154 | -3.7% |
| Other operating charges | 640/8 | €663 | €970 | +€307 | +46.3% |
| Gross operating margin | 9900 | €153,359 | €207,434 | +€54,075 | +35.3% |
| Operating profit (loss) | 9901 | €148,545 | €202,467 | +€53,922 | +36.3% |
| Financial income | 75/76B | €69 | €4,168 | +€4,100 | +5,974% |
| Recurring financial income | 75 | €69 | €4,168 | +€4,100 | +5,974% |
| Financial charges | 65/66B | €888 | €1,838 | +€950 | +107% |
| Recurring financial charges | 65 | €888 | €1,838 | +€950 | +107% |
| Profit (loss) for the period before taxes | 9903 | €147,725 | €204,797 | +€57,072 | +38.6% |
| Income taxes | 67/77 | €34,335 | €50,217 | +€15,882 | +46.3% |
| Profit (loss) for the period | 9904 | €113,391 | €154,580 | +€41,189 | +36.3% |
| Transfer to tax-exempt reserves | 689 | - | €71,570 | +€71,570 | |
| Profit (loss) for the period to be appropriated | 9905 | €113,391 | €83,010 | -€30,381 | -26.8% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.