MAUPAS: 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.
MAUPAS
Largest movements
- Current investments -€25,102
down €25,102 (-100%), from €25,102 to €0
- Cash +€13,186
up €13,186 (+142%), from €9,286 to €22,472
mainly Net result for the year (+€34,957) and Current investments (+€25,102)
- Deferred charges and accrued income -€12,251
down €12,251 (-21.0%), from €58,218 to €45,967
- Receivables after one year -€8,000
down €8,000 (-100%), from €8,000 to €0
- Short-term financial debts -€15,513
down €15,513 (-63.9%), from €24,263 to €8,750
- Tax, wage and social debts -€13,788
down €13,788 (-37.1%), from €37,172 to €23,384
- Gross operating margin -€51,777
down €51,777 (-43.5%), from €118,903 to €67,126
- Taxes -€13,508
down €13,508 (-42.4%), from €31,877 to €18,369
- Financial charges +€3,293
up €3,293 (+78.9%), from €4,174 to €7,467
of which Financial charges: +€3,156
- Other operating charges +€2,416
up €2,416 (+44.1%), from €5,474 to €7,890
- Financial income +€1,343
up €1,343 (+127%), from €1,057 to €2,400
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 | €497,449 | €465,078 | -€32,370 | -6.5% |
| Fixed assets | 21/28 | €363,926 | €363,083 | -€843 | -0.2% |
| Tangible fixed assets | 22/27 | €363,926 | €363,083 | -€843 | -0.2% |
| Land and buildings | 22 | €358,345 | €358,345 | = | 0.0% |
| Plant, machinery and equipment | 23 | €5,436 | €4,449 | -€987 | -18.2% |
| Furniture and vehicles | 24 | €145 | €289 | +€144 | +99.3% |
| Current assets | 29/58 | €133,523 | €101,995 | -€31,527 | -23.6% |
| Amounts receivable after more than one year | 29 | €8,000 | €0 | -€8,000 | -100% |
| Other amounts receivable | 291 | €8,000 | €0 | -€8,000 | -100% |
| Amounts receivable within one year | 40/41 | €32,916 | €33,556 | +€640 | +1.9% |
| Trade receivables | 40 | €6,748 | €17,243 | +€10,494 | +156% |
| Other amounts receivable | 41 | €26,168 | €16,313 | -€9,855 | -37.7% |
| Current investments | 50/53 | €25,102 | €0 | -€25,102 | -100% |
| Cash at bank and in hand | 54/58 | €9,286 | €22,472 | +€13,186 | +142% |
| Deferred charges and accrued income | 490/1 | €58,218 | €45,967 | -€12,251 | -21.0% |
| Total equity and liabilities | 10/49 | €497,449 | €465,078 | -€32,370 | -6.5% |
| Equity | 10/15 | €435,151 | €432,108 | -€3,043 | -0.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €428,951 | €425,908 | -€3,043 | -0.7% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €428,951 | €425,908 | -€3,043 | -0.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €62,298 | €32,971 | -€29,327 | -47.1% |
| Amounts payable within one year | 42/48 | €62,298 | €32,414 | -€29,884 | -48.0% |
| Financial debts | 43 | €24,263 | €8,750 | -€15,513 | -63.9% |
| Credit institutions | 430/8 | €24,263 | €8,750 | -€15,513 | -63.9% |
| Trade debts | 44 | €862 | €279 | -€583 | -67.6% |
| Suppliers | 440/4 | €862 | €279 | -€583 | -67.6% |
| Taxes, remuneration and social security | 45 | €37,172 | €23,384 | -€13,788 | -37.1% |
| Taxes | 450/3 | €37,172 | €23,384 | -€13,788 | -37.1% |
| Accrued charges and deferred income | 492/3 | - | €557 | +€557 | |
| Non-recurring operating income | 76A | €49,377 | €0 | -€49,377 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €779 | €843 | +€64 | +8.2% |
| Other operating charges | 640/8 | €5,474 | €7,890 | +€2,416 | +44.1% |
| Gross operating margin | 9900 | €118,903 | €67,126 | -€51,777 | -43.5% |
| Operating profit (loss) | 9901 | €112,650 | €58,393 | -€54,256 | -48.2% |
| Financial income | 75/76B | €1,057 | €2,400 | +€1,343 | +127% |
| Recurring financial income | 75 | €1,057 | €2,400 | +€1,343 | +127% |
| Financial charges | 65/66B | €4,174 | €7,467 | +€3,293 | +78.9% |
| Recurring financial charges | 65 | €4,174 | €7,330 | +€3,156 | +75.6% |
| Non-recurring financial charges | 66B | - | €136 | +€136 | |
| Profit (loss) for the period before taxes | 9903 | €109,532 | €53,326 | -€56,206 | -51.3% |
| Income taxes | 67/77 | €31,877 | €18,369 | -€13,508 | -42.4% |
| Profit (loss) for the period | 9904 | €77,655 | €34,957 | -€42,697 | -55.0% |
| Profit (loss) for the period to be appropriated | 9905 | €77,655 | €34,957 | -€42,697 | -55.0% |
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 30 October 2026 via checked.be.