MAYA: 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.
MAYA
Largest movements
- Stocks and contracts +€50,714
up €50,714 (+41.1%), from €123,302 to €174,015
- Receivables within one year -€13,767
down €13,767 (-20.9%), from €65,943 to €52,176
of which Trade receivables: -€15,850
- Tangible fixed assets -€8,912
down €8,912 (-32.7%), from €27,254 to €18,342
of which Furniture and vehicles: -€6,199
- Cash -€6,671
down €6,671 (-54.5%), from €12,230 to €5,559
mainly Stocks and contracts (-€50,714) and Trade debts (-€14,028)
- Reserves +€34,700
up €34,700 (+28.9%), from €119,909 to €154,609
of which Distributable reserves: +€34,700
- Trade debts -€14,028
down €14,028 (-17.8%), from €78,630 to €64,602
- Tax, wage and social debts +€7,828
up €7,828 (+133%), from €5,893 to €13,721
of which Taxes: +€12,278
- Debts after one year -€6,189
no longer reported in 2025 (was €6,189)
- Gross operating margin +€51,129
up €51,129 (+418%), from €12,240 to €63,369
- Taxes +€8,964
up €8,964 (+621%), from €1,443 to €10,407
- Other operating charges +€3,889
up €3,889 (+150%), from €2,589 to €6,478
- Financial charges -€3,143
down €3,143 (-51.6%), from €6,093 to €2,951
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 | €236,913 | €258,342 | +€21,429 | +9.0% |
| Fixed assets | 21/28 | €34,454 | €25,542 | -€8,912 | -25.9% |
| Tangible fixed assets | 22/27 | €27,254 | €18,342 | -€8,912 | -32.7% |
| Plant, machinery and equipment | 23 | €3,000 | €2,000 | -€1,000 | -33.3% |
| Furniture and vehicles | 24 | €17,188 | €10,989 | -€6,199 | -36.1% |
| Other tangible fixed assets | 26 | €7,066 | €5,353 | -€1,713 | -24.2% |
| Financial fixed assets | 28 | €7,200 | €7,200 | = | 0.0% |
| Current assets | 29/58 | €202,459 | €232,800 | +€30,341 | +15.0% |
| Stocks and contracts in progress | 3 | €123,302 | €174,015 | +€50,714 | +41.1% |
| Stocks | 30/36 | €123,302 | €174,015 | +€50,714 | +41.1% |
| Amounts receivable within one year | 40/41 | €65,943 | €52,176 | -€13,767 | -20.9% |
| Trade receivables | 40 | €15,850 | - | -€15,850 | |
| Other amounts receivable | 41 | €50,093 | €52,176 | +€2,083 | +4.2% |
| Cash at bank and in hand | 54/58 | €12,230 | €5,559 | -€6,671 | -54.5% |
| Deferred charges and accrued income | 490/1 | €984 | €1,050 | +€65 | +6.6% |
| Total equity and liabilities | 10/49 | €236,913 | €258,342 | +€21,429 | +9.0% |
| Equity | 10/15 | €139,101 | €173,831 | +€34,729 | +25.0% |
| Contributions | 10/11 | €19,088 | €19,088 | = | 0.0% |
| Reserves | 13 | €119,909 | €154,609 | +€34,700 | +28.9% |
| Non-distributable reserves | 130/1 | €1,909 | €1,909 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,909 | €1,909 | = | 0.0% |
| Distributable reserves | 133 | €118,000 | €152,700 | +€34,700 | +29.4% |
| Profit (loss) carried forward | 14 | €104 | €134 | +€29 | +28.2% |
| Amounts payable | 17/49 | €97,812 | €84,511 | -€13,301 | -13.6% |
| Amounts payable after more than one year | 17 | €6,189 | - | -€6,189 | |
| Financial debts | 170/4 | €6,189 | - | -€6,189 | |
| Amounts payable within one year | 42/48 | €91,624 | €84,511 | -€7,112 | -7.8% |
| Current portion of amounts payable after more than one year | 42 | €7,101 | €6,189 | -€912 | -12.8% |
| Trade debts | 44 | €78,630 | €64,602 | -€14,028 | -17.8% |
| Suppliers | 440/4 | €78,630 | €64,602 | -€14,028 | -17.8% |
| Taxes, remuneration and social security | 45 | €5,893 | €13,721 | +€7,828 | +133% |
| Taxes | 450/3 | €1,443 | €13,721 | +€12,278 | +851% |
| Remuneration and social security | 454/9 | €4,450 | - | -€4,450 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,699 | €8,912 | +€214 | +2.5% |
| Other operating charges | 640/8 | €2,589 | €6,478 | +€3,889 | +150% |
| Gross operating margin | 9900 | €12,240 | €63,369 | +€51,129 | +418% |
| Operating profit (loss) | 9901 | €953 | €47,979 | +€47,026 | +4,936% |
| Financial income | 75/76B | €129 | €108 | -€20 | -15.8% |
| Recurring financial income | 75 | €129 | €108 | -€20 | -15.8% |
| Financial charges | 65/66B | €6,093 | €2,951 | -€3,143 | -51.6% |
| Recurring financial charges | 65 | €6,093 | €2,951 | -€3,143 | -51.6% |
| Profit (loss) for the period before taxes | 9903 | -€5,012 | €45,137 | +€50,149 | |
| Income taxes | 67/77 | €1,443 | €10,407 | +€8,964 | +621% |
| Profit (loss) for the period | 9904 | -€6,455 | €34,729 | +€41,184 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,455 | €34,729 | +€41,184 |
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 15 October 2026 via checked.be.