MAURUS: 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.
MAURUS
Largest movements
- Current investments +€694,783
up €694,783 (+47.9%), from €1.5m to €2.1m
- Receivables within one year +€180,595
up €180,595 (+33.2%), from €544,112 to €724,707
of which Other amounts receivable: +€174,357
- Cash -€138,889
down €138,889 (-63.5%), from €218,790 to €79,902
mainly Current investments (-€694,783) and Contributions, distributions and other (-€189,195)
- Receivables after one year -€119,905
down €119,905 (-100%), from €119,905 to €0
- Tangible fixed assets +€58,345
up €58,345 (+61.6%), from €94,693 to €153,038
of which Furniture and vehicles: +€60,523
- Reserves +€626,332
up €626,332 (+20.8%), from €3.0m to €3.6m
- Financial income -€75,566
down €75,566 (-7.8%), from €970,078 to €894,512
- Gross operating margin +€11,612
up €11,612 (+11.5%), from €100,984 to €112,595
- Taxes -€9,095
down €9,095 (-9.6%), from €94,370 to €85,275
- Staff costs +€3,930
up €3,930 (+5.4%), from €73,416 to €77,346
- Depreciation +€2,041
up €2,041 (+8.3%), from €24,574 to €26,615
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 | €3,242,017 | €3,916,956 | +€674,939 | +20.8% |
| Fixed assets | 21/28 | €906,693 | €965,038 | +€58,345 | +6.4% |
| Tangible fixed assets | 22/27 | €94,693 | €153,038 | +€58,345 | +61.6% |
| Land and buildings | 22 | €65,791 | €63,612 | -€2,178 | -3.3% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €28,903 | €89,426 | +€60,523 | +209% |
| Financial fixed assets | 28 | €812,000 | €812,000 | = | 0.0% |
| Current assets | 29/58 | €2,335,324 | €2,951,918 | +€616,594 | +26.4% |
| Amounts receivable after more than one year | 29 | €119,905 | €0 | -€119,905 | -100% |
| Other amounts receivable | 291 | €119,905 | €0 | -€119,905 | -100% |
| Amounts receivable within one year | 40/41 | €544,112 | €724,707 | +€180,595 | +33.2% |
| Trade receivables | 40 | €18,295 | €24,532 | +€6,237 | +34.1% |
| Other amounts receivable | 41 | €525,817 | €700,174 | +€174,357 | +33.2% |
| Current investments | 50/53 | €1,450,846 | €2,145,629 | +€694,783 | +47.9% |
| Cash at bank and in hand | 54/58 | €218,790 | €79,902 | -€138,889 | -63.5% |
| Deferred charges and accrued income | 490/1 | €1,671 | €1,681 | +€11 | +0.6% |
| Total equity and liabilities | 10/49 | €3,242,017 | €3,916,956 | +€674,939 | +20.8% |
| Equity | 10/15 | €3,034,607 | €3,660,939 | +€626,332 | +20.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €3,016,007 | €3,642,339 | +€626,332 | +20.8% |
| Distributable reserves | 133 | €3,016,007 | €3,642,339 | +€626,332 | +20.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €207,410 | €256,018 | +€48,607 | +23.4% |
| Amounts payable within one year | 42/48 | €206,509 | €255,137 | +€48,628 | +23.5% |
| Trade debts | 44 | €517 | €165 | -€353 | -68.1% |
| Suppliers | 440/4 | €517 | €165 | -€353 | -68.1% |
| Taxes, remuneration and social security | 45 | €38,654 | €65,334 | +€26,680 | +69.0% |
| Taxes | 450/3 | €29,397 | €59,599 | +€30,202 | +103% |
| Remuneration and social security | 454/9 | €9,257 | €5,735 | -€3,522 | -38.1% |
| Other amounts payable | 47/48 | €167,338 | €189,638 | +€22,301 | +13.3% |
| Accrued charges and deferred income | 492/3 | €902 | €881 | -€21 | -2.3% |
| Non-recurring operating income | 76A | - | €3,287 | +€3,287 | |
| Remuneration, social security and pensions | 62 | €73,416 | €77,346 | +€3,930 | +5.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,574 | €26,615 | +€2,041 | +8.3% |
| Other operating charges | 640/8 | €1,682 | €1,521 | -€161 | -9.6% |
| Gross operating margin | 9900 | €100,984 | €112,595 | +€11,612 | +11.5% |
| Operating profit (loss) | 9901 | €1,312 | €7,114 | +€5,802 | +442% |
| Financial income | 75/76B | €970,078 | €894,512 | -€75,566 | -7.8% |
| Recurring financial income | 75 | €970,078 | €894,512 | -€75,566 | -7.8% |
| Financial charges | 65/66B | €1,028 | €824 | -€204 | -19.8% |
| Recurring financial charges | 65 | €1,028 | €824 | -€204 | -19.8% |
| Profit (loss) for the period before taxes | 9903 | €970,363 | €900,802 | -€69,561 | -7.2% |
| Income taxes | 67/77 | €94,370 | €85,275 | -€9,095 | -9.6% |
| Profit (loss) for the period | 9904 | €875,993 | €815,527 | -€60,466 | -6.9% |
| Profit (loss) for the period to be appropriated | 9905 | €875,993 | €815,527 | -€60,466 | -6.9% |
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 1 November 2026 via checked.be.