MAUPI: 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.
What changed
MAUPI
NACE 47.812, Retail trade
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€3,083
2024 · -€15,422+€12,339
Equity
€253,042
2024 · €256,125-€3,083
Cash
€4,546
2024 · €236+€4,310
Balance sheet total
€521,808
2024 · €524,170-€2,363
Largest movements
Assets
- Tangible fixed assets -€8,742
down €8,742 (-3.5%), from €247,870 to €239,128
of which Land and buildings: -€17,104
Equity and liabilities
- Other debts -€10,208
down €10,208 (-13.3%), from €76,491 to €66,283
- Debts after one year +€6,500
up €6,500 (+3.9%), from €168,271 to €174,771
Income statement
- Gross operating margin +€22,410
up €22,410 (+502.6%), from €4,459 to €26,868
- Taxes +€6,439
new in 2025: €6,439
- Financial charges +€4,763
up €4,763 (+4065.1%), from €117 to €4,881
- Other operating charges +€2,987
up €2,987 (+117.0%), from €2,554 to €5,541
- Financial income +€2,512
up €2,512 (+95.1%), from €2,640 to €5,151
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.
Result 2024
-€15,422
Gross operating margin
+€22,410
Depreciation
+€1,607
Other operating charges
-€2,987
Financial income
+€2,512
Financial charges
-€4,763
Taxes
-€6,439
Result 2025
-€3,083
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.
From operations
+€7,310
Investment
-€9,500
Financing
+€6,500
Cash 2024
€236
From operations (derived)
+€7,310
Net result for the year
-€3,083
Depreciation
+€18,242
Receivables after one year
-€183
Stocks and contracts
+€2,057
Receivables within one year
-€4,245
Deferred charges and accrued income
+€302
Trade debts
+€32
Tax, wage and social debts
-€377
Other debts
-€10,208
Accrued charges and deferred income
+€4,772
Investment (derived)
-€9,500
Investment in fixed assets (net)
-€9,500
Financing
+€6,500
Debts after one year
+€6,500
Cash 2025
€4,546
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €524,170 | €521,808 | -€2,363 | -0.5% |
| Fixed assets | 21/28 | €247,870 | €239,128 | -€8,742 | -3.5% |
| Tangible fixed assets | 22/27 | €247,870 | €239,128 | -€8,742 | -3.5% |
| Land and buildings | 22 | €246,600 | €229,495 | -€17,104 | -6.9% |
| Furniture and vehicles | 24 | €1,044 | €9,601 | +€8,557 | +819.3% |
| Other tangible fixed assets | 26 | €225 | €31 | -€194 | -86.2% |
| Current assets | 29/58 | €276,301 | €282,680 | +€6,379 | +2.3% |
| Amounts receivable after more than one year | 29 | €257,519 | €257,703 | +€183 | +0.1% |
| Other amounts receivable | 291 | €257,519 | €257,703 | +€183 | +0.1% |
| Stocks and contracts in progress | 3 | €4,307 | €2,250 | -€2,057 | -47.8% |
| Stocks | 30/36 | €4,307 | €2,250 | -€2,057 | -47.8% |
| Amounts receivable within one year | 40/41 | €11,320 | €15,565 | +€4,245 | +37.5% |
| Trade receivables | 40 | €11,215 | €15,565 | +€4,350 | +38.8% |
| Other amounts receivable | 41 | €105 | - | -€105 | |
| Cash at bank and in hand | 54/58 | €236 | €4,546 | +€4,310 | +1824.3% |
| Deferred charges and accrued income | 490/1 | €2,918 | €2,616 | -€302 | -10.3% |
| Total equity and liabilities | 10/49 | €524,170 | €521,808 | -€2,363 | -0.5% |
| Equity | 10/15 | €256,125 | €253,042 | -€3,083 | -1.2% |
| Contributions | 10/11 | €30,987 | €30,987 | = | 0.0% |
| Reserves | 13 | €40,130 | €40,130 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,099 | €3,099 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,099 | €3,099 | = | 0.0% |
| Distributable reserves | 133 | €37,031 | €37,031 | = | 0.0% |
| Profit (loss) carried forward | 14 | €185,009 | €181,926 | -€3,083 | -1.7% |
| Amounts payable | 17/49 | €268,045 | €268,766 | +€720 | +0.3% |
| Amounts payable after more than one year | 17 | €168,271 | €174,771 | +€6,500 | +3.9% |
| Financial debts | 170/4 | €168,271 | €174,771 | +€6,500 | +3.9% |
| Amounts payable within one year | 42/48 | €81,550 | €70,998 | -€10,552 | -12.9% |
| Trade debts | 44 | €2,510 | €2,542 | +€32 | +1.3% |
| Suppliers | 440/4 | €2,510 | €2,542 | +€32 | +1.3% |
| Taxes, remuneration and social security | 45 | €2,550 | €2,173 | -€377 | -14.8% |
| Taxes | 450/3 | - | €2,073 | +€2,073 | |
| Remuneration and social security | 454/9 | €2,550 | €100 | -€2,450 | -96.1% |
| Other amounts payable | 47/48 | €76,491 | €66,283 | -€10,208 | -13.3% |
| Accrued charges and deferred income | 492/3 | €18,225 | €22,997 | +€4,772 | +26.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,849 | €18,242 | -€1,607 | -8.1% |
| Other operating charges | 640/8 | €2,554 | €5,541 | +€2,987 | +117.0% |
| Gross operating margin | 9900 | €4,459 | €26,868 | +€22,410 | +502.6% |
| Operating profit (loss) | 9901 | -€17,944 | €3,085 | +€21,029 | |
| Financial income | 75/76B | €2,640 | €5,151 | +€2,512 | +95.1% |
| Recurring financial income | 75 | €2,640 | €5,151 | +€2,512 | +95.1% |
| Financial charges | 65/66B | €117 | €4,881 | +€4,763 | +4065.1% |
| Recurring financial charges | 65 | €117 | €4,881 | +€4,763 | +4065.1% |
| Profit (loss) for the period before taxes | 9903 | -€15,422 | €3,356 | +€18,777 | |
| Income taxes | 67/77 | - | €6,439 | +€6,439 | |
| Profit (loss) for the period | 9904 | -€15,422 | -€3,083 | +€12,339 | +80.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,422 | -€3,083 | +€12,339 | +80.0% |
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 6 October 2026 via checked.be.