Mauna Kea: 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.
Mauna Kea
Largest movements
- Receivables within one year -€57,812
down €57,812 (-42.5%), from €136,160 to €78,347
of which Other amounts receivable: -€61,498
- Current investments -€19,749
no longer reported in 2025 (was €19,749)
- Tangible fixed assets -€11,391
down €11,391 (-31.3%), from €36,411 to €25,020
- Cash +€6,108
up €6,108 (+19.8%), from €30,837 to €36,945
mainly Receivables within one year (+€57,812) and Net result for the year (+€49,910)
- Deferred charges and accrued income -€2,979
down €2,979 (-83.0%), from €3,591 to €612
- Reserves -€74,690
down €74,690 (-69.0%), from €108,309 to €33,619
of which Distributable reserves: -€74,690
- Debts after one year -€10,872
down €10,872 (-74.7%), from €14,548 to €3,676
- Other debts +€4,214
up €4,214 (+7.9%), from €53,015 to €57,229
- Gross operating margin -€8,473
down €8,473 (-10.9%), from €78,010 to €69,538
- Taxes +€1,965
up €1,965 (+16.3%), from €12,052 to €14,017
- Financial income +€1,884
up €1,884 (+30.2%), from €6,249 to €8,134
- Financial charges -€1,039
down €1,039 (-39.4%), from €2,638 to €1,599
of which Non-recurring financial charges: -€1,137
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 | €226,748 | €140,924 | -€85,824 | -37.8% |
| Fixed assets | 21/28 | €36,411 | €25,020 | -€11,391 | -31.3% |
| Tangible fixed assets | 22/27 | €36,411 | €25,020 | -€11,391 | -31.3% |
| Furniture and vehicles | 24 | €36,411 | €25,020 | -€11,391 | -31.3% |
| Current assets | 29/58 | €190,337 | €115,905 | -€74,433 | -39.1% |
| Amounts receivable within one year | 40/41 | €136,160 | €78,347 | -€57,812 | -42.5% |
| Trade receivables | 40 | €11,450 | €15,136 | +€3,686 | +32.2% |
| Other amounts receivable | 41 | €124,710 | €63,212 | -€61,498 | -49.3% |
| Current investments | 50/53 | €19,749 | - | -€19,749 | |
| Cash at bank and in hand | 54/58 | €30,837 | €36,945 | +€6,108 | +19.8% |
| Deferred charges and accrued income | 490/1 | €3,591 | €612 | -€2,979 | -83.0% |
| Total equity and liabilities | 10/49 | €226,748 | €140,924 | -€85,824 | -37.8% |
| Equity | 10/15 | €126,909 | €52,219 | -€74,690 | -58.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €108,309 | €33,619 | -€74,690 | -69.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €106,449 | €31,759 | -€74,690 | -70.2% |
| Amounts payable | 17/49 | €99,840 | €88,705 | -€11,135 | -11.2% |
| Amounts payable after more than one year | 17 | €14,548 | €3,676 | -€10,872 | -74.7% |
| Financial debts | 170/4 | €14,548 | €3,676 | -€10,872 | -74.7% |
| Amounts payable within one year | 42/48 | €83,647 | €85,029 | +€1,382 | +1.7% |
| Current portion of amounts payable after more than one year | 42 | €10,643 | €10,872 | +€229 | +2.1% |
| Trade debts | 44 | €1,355 | €217 | -€1,138 | -84.0% |
| Suppliers | 440/4 | €1,355 | €217 | -€1,138 | -84.0% |
| Taxes, remuneration and social security | 45 | €18,634 | €16,711 | -€1,923 | -10.3% |
| Taxes | 450/3 | €18,634 | €16,711 | -€1,923 | -10.3% |
| Other amounts payable | 47/48 | €53,015 | €57,229 | +€4,214 | +7.9% |
| Accrued charges and deferred income | 492/3 | €1,644 | - | -€1,644 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,391 | €11,391 | -€0 | 0.0% |
| Other operating charges | 640/8 | €778 | €755 | -€24 | -3.0% |
| Gross operating margin | 9900 | €78,010 | €69,538 | -€8,473 | -10.9% |
| Operating profit (loss) | 9901 | €65,841 | €57,392 | -€8,449 | -12.8% |
| Financial income | 75/76B | €6,249 | €8,134 | +€1,884 | +30.2% |
| Recurring financial income | 75 | €6,249 | €8,134 | +€1,884 | +30.2% |
| Financial charges | 65/66B | €2,638 | €1,599 | -€1,039 | -39.4% |
| Recurring financial charges | 65 | €765 | €863 | +€98 | +12.8% |
| Non-recurring financial charges | 66B | €1,873 | €736 | -€1,137 | -60.7% |
| Profit (loss) for the period before taxes | 9903 | €69,453 | €63,927 | -€5,526 | -8.0% |
| Income taxes | 67/77 | €12,052 | €14,017 | +€1,965 | +16.3% |
| Profit (loss) for the period | 9904 | €57,401 | €49,910 | -€7,490 | -13.0% |
| Profit (loss) for the period to be appropriated | 9905 | €57,401 | €49,910 | -€7,490 | -13.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.