MAUS MANAGEMENT: 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.
MAUS MANAGEMENT
Largest movements
- Cash -€93,190
down €93,190 (-47.7%), from €195,424 to €102,234
mainly Debts after one year (-€77,000) and Trade debts (-€35,033)
- Debts after one year -€77,000
no longer reported in 2025 (was €77,000)
- Trade debts -€35,033
down €35,033 (-40.0%), from €87,533 to €52,500
- Other debts +€9,197
up €9,197 (+67.2%), from €13,686 to €22,883
- Profit (loss) carried forward +€7,029
no longer reported in 2025 (was -€7,029)
- Reserves +€2,480
new in 2025: €2,480
- Gross operating margin -€13,240
down €13,240 (-51.2%), from €25,856 to €12,616
- Taxes -€2,891
down €2,891 (-35.9%), from €8,046 to €5,155
- Financial income +€1,721
up €1,721 (+183%), from €939 to €2,660
of which Non-recurring financial income: +€1,618
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 | €197,312 | €102,886 | -€94,427 | -47.9% |
| Fixed assets | 21/28 | €881 | €631 | -€250 | -28.4% |
| Tangible fixed assets | 22/27 | €881 | €631 | -€250 | -28.4% |
| Plant, machinery and equipment | 23 | €42 | - | -€42 | |
| Furniture and vehicles | 24 | €840 | €631 | -€208 | -24.8% |
| Current assets | 29/58 | €196,431 | €102,254 | -€94,177 | -47.9% |
| Amounts receivable within one year | 40/41 | €1,007 | €21 | -€987 | -98.0% |
| Other amounts receivable | 41 | €1,007 | €21 | -€987 | -98.0% |
| Cash at bank and in hand | 54/58 | €195,424 | €102,234 | -€93,190 | -47.7% |
| Total equity and liabilities | 10/49 | €197,312 | €102,886 | -€94,427 | -47.9% |
| Equity | 10/15 | €5,371 | €14,880 | +€9,508 | +177% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | - | €2,480 | +€2,480 | |
| Distributable reserves | 133 | - | €2,480 | +€2,480 | |
| Profit (loss) carried forward | 14 | -€7,029 | - | +€7,029 | |
| Amounts payable | 17/49 | €191,941 | €88,006 | -€103,935 | -54.1% |
| Amounts payable after more than one year | 17 | €77,000 | - | -€77,000 | |
| Financial debts | 170/4 | €77,000 | - | -€77,000 | |
| Amounts payable within one year | 42/48 | €114,941 | €88,006 | -€26,935 | -23.4% |
| Trade debts | 44 | €87,533 | €52,500 | -€35,033 | -40.0% |
| Suppliers | 440/4 | €87,533 | €52,500 | -€35,033 | -40.0% |
| Taxes, remuneration and social security | 45 | €13,723 | €12,623 | -€1,099 | -8.0% |
| Taxes | 450/3 | €13,723 | €12,623 | -€1,099 | -8.0% |
| Other amounts payable | 47/48 | €13,686 | €22,883 | +€9,197 | +67.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €338 | €250 | -€88 | -26.1% |
| Other operating charges | 640/8 | - | €100 | +€100 | |
| Gross operating margin | 9900 | €25,856 | €12,616 | -€13,240 | -51.2% |
| Operating profit (loss) | 9901 | €25,518 | €12,266 | -€13,252 | -51.9% |
| Financial income | 75/76B | €939 | €2,660 | +€1,721 | +183% |
| Recurring financial income | 75 | €939 | €1,042 | +€103 | +11.0% |
| Non-recurring financial income | 76B | - | €1,618 | +€1,618 | |
| Financial charges | 65/66B | €235 | €263 | +€28 | +11.8% |
| Recurring financial charges | 65 | €235 | €263 | +€28 | +11.8% |
| Profit (loss) for the period before taxes | 9903 | €26,222 | €14,663 | -€11,559 | -44.1% |
| Income taxes | 67/77 | €8,046 | €5,155 | -€2,891 | -35.9% |
| Profit (loss) for the period | 9904 | €18,176 | €9,508 | -€8,668 | -47.7% |
| Profit (loss) for the period to be appropriated | 9905 | €18,176 | €9,508 | -€8,668 | -47.7% |
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 27 October 2026 via checked.be.