MAURIENAS: 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.
MAURIENAS
Largest movements
- Receivables within one year -€93,800
down €93,800 (-88.1%), from €106,480 to €12,680
of which Trade receivables: -€96,800
- Cash +€37,316
up €37,316 (+20.1%), from €185,445 to €222,761
mainly Receivables within one year (+€93,800) and Depreciation (+€19,641)
- Deferred charges and accrued income +€24,000
new in 2025: €24,000
- Tangible fixed assets -€19,641
down €19,641 (-33.3%), from €58,923 to €39,282
- Tax, wage and social debts -€30,544
down €30,544 (-73.5%), from €41,533 to €10,989
- Debts after one year -€18,980
down €18,980 (-36.5%), from €51,971 to €32,992
- Other debts -€11,494
down €11,494 (-93.3%), from €12,319 to €825
- Reserves +€7,152
up €7,152 (+3.5%), from €205,184 to €212,337
- Gross operating margin -€73,077
down €73,077 (-67.5%), from €108,189 to €35,111
- Taxes -€13,528
down €13,528 (-75.7%), from €17,868 to €4,340
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 | €350,848 | €298,723 | -€52,125 | -14.9% |
| Fixed assets | 21/28 | €58,923 | €39,282 | -€19,641 | -33.3% |
| Tangible fixed assets | 22/27 | €58,923 | €39,282 | -€19,641 | -33.3% |
| Furniture and vehicles | 24 | €58,923 | €39,282 | -€19,641 | -33.3% |
| Current assets | 29/58 | €291,925 | €259,441 | -€32,484 | -11.1% |
| Amounts receivable within one year | 40/41 | €106,480 | €12,680 | -€93,800 | -88.1% |
| Trade receivables | 40 | €106,480 | €9,680 | -€96,800 | -90.9% |
| Other amounts receivable | 41 | - | €3,000 | +€3,000 | |
| Cash at bank and in hand | 54/58 | €185,445 | €222,761 | +€37,316 | +20.1% |
| Deferred charges and accrued income | 490/1 | - | €24,000 | +€24,000 | |
| Total equity and liabilities | 10/49 | €350,848 | €298,723 | -€52,125 | -14.9% |
| Equity | 10/15 | €210,184 | €217,337 | +€7,152 | +3.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €205,184 | €212,337 | +€7,152 | +3.5% |
| Distributable reserves | 133 | €205,184 | €212,337 | +€7,152 | +3.5% |
| Amounts payable | 17/49 | €140,663 | €81,386 | -€59,277 | -42.1% |
| Amounts payable after more than one year | 17 | €51,971 | €32,992 | -€18,980 | -36.5% |
| Financial debts | 170/4 | €51,971 | €32,992 | -€18,980 | -36.5% |
| Amounts payable within one year | 42/48 | €88,679 | €48,394 | -€40,285 | -45.4% |
| Current portion of amounts payable after more than one year | 42 | €18,391 | €18,980 | +€589 | +3.2% |
| Trade debts | 44 | €16,436 | €17,601 | +€1,165 | +7.1% |
| Suppliers | 440/4 | €16,436 | €17,601 | +€1,165 | +7.1% |
| Taxes, remuneration and social security | 45 | €41,533 | €10,989 | -€30,544 | -73.5% |
| Taxes | 450/3 | €41,533 | €10,989 | -€30,544 | -73.5% |
| Other amounts payable | 47/48 | €12,319 | €825 | -€11,494 | -93.3% |
| Accrued charges and deferred income | 492/3 | €13 | - | -€13 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,641 | €19,641 | = | 0.0% |
| Other operating charges | 640/8 | €1,149 | €1,391 | +€242 | +21.1% |
| Gross operating margin | 9900 | €108,189 | €35,111 | -€73,077 | -67.5% |
| Operating profit (loss) | 9901 | €87,399 | €14,079 | -€73,320 | -83.9% |
| Financial charges | 65/66B | €3,232 | €2,587 | -€645 | -20.0% |
| Recurring financial charges | 65 | €3,232 | €2,587 | -€645 | -20.0% |
| Profit (loss) for the period before taxes | 9903 | €84,167 | €11,492 | -€72,675 | -86.3% |
| Income taxes | 67/77 | €17,868 | €4,340 | -€13,528 | -75.7% |
| Profit (loss) for the period | 9904 | €66,299 | €7,152 | -€59,147 | -89.2% |
| Profit (loss) for the period to be appropriated | 9905 | €66,299 | €7,152 | -€59,147 | -89.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.