MAYA & MI: 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.
MAYA & MI
Largest movements
- Tangible fixed assets +€459,003
up €459,003 (+45.9%), from €1.0m to €1.5m
of which Leasing and similar rights: +€514,682
- Receivables within one year +€134,732
up €134,732 (+61.7%), from €218,494 to €353,226
of which Trade receivables: +€113,239
- Current portion of long-term debt +€247,571
new in 2025: €247,571
- Debts after one year +€176,217
up €176,217 (+28.2%), from €623,988 to €800,205
of which Financial debts: +€176,217
- Short-term financial debts +€54,251
up €54,251 (+112.3%), from €48,321 to €102,572
- Reserves +€53,899
up €53,899 (+14.2%), from €379,632 to €433,531
of which Non-distributable reserves: +€111,340
- Trade debts +€43,662
up €43,662 (+54.1%), from €80,681 to €124,343
- Staff costs +€130,583
up €130,583 (+17.5%), from €746,661 to €877,245
- Purchases and services +€109,611
up €109,611 (+6.7%), from €1.6m to €1.7m
- Turnover +€96,569
up €96,569 (+3.4%), from €2.9m to €2.9m
- Depreciation -€47,495
down €47,495 (-16.3%), from €291,511 to €244,016
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 | €1,301,449 | €1,895,819 | +€594,371 | +45.7% |
| Fixed assets | 21/28 | €1,073,605 | €1,532,608 | +€459,003 | +42.8% |
| Tangible fixed assets | 22/27 | €1,000,505 | €1,459,508 | +€459,003 | +45.9% |
| Plant, machinery and equipment | 23 | €6,500 | €4,549 | -€1,951 | -30.0% |
| Furniture and vehicles | 24 | €267,478 | €228,746 | -€38,733 | -14.5% |
| Leasing and similar rights | 25 | €286,705 | €801,386 | +€514,682 | +179.5% |
| Other tangible fixed assets | 26 | €439,822 | €424,827 | -€14,994 | -3.4% |
| Financial fixed assets | 28 | €73,100 | €73,100 | = | 0.0% |
| Current assets | 29/58 | €227,844 | €363,212 | +€135,368 | +59.4% |
| Amounts receivable within one year | 40/41 | €218,494 | €353,226 | +€134,732 | +61.7% |
| Trade receivables | 40 | €96,785 | €210,024 | +€113,239 | +117.0% |
| Other amounts receivable | 41 | €121,709 | €143,201 | +€21,493 | +17.7% |
| Cash at bank and in hand | 54/58 | €2,888 | €9,986 | +€7,097 | +245.7% |
| Deferred charges and accrued income | 490/1 | €6,462 | - | -€6,462 | |
| Total equity and liabilities | 10/49 | €1,301,449 | €1,895,819 | +€594,371 | +45.7% |
| Equity | 10/15 | €379,632 | €433,531 | +€53,899 | +14.2% |
| Reserves | 13 | €379,632 | €433,531 | +€53,899 | +14.2% |
| Non-distributable reserves | 130/1 | €3,000 | €114,340 | +€111,340 | +3711.3% |
| Reserves not available under the articles | 1311 | €3,000 | €114,340 | +€111,340 | +3711.3% |
| Distributable reserves | 133 | €376,632 | €319,192 | -€57,441 | -15.3% |
| Provisions and deferred taxes | 16 | €500 | - | -€500 | |
| Provisions for liabilities and charges | 160/5 | €500 | - | -€500 | |
| Pensions and similar obligations | 160 | €500 | - | -€500 | |
| Amounts payable | 17/49 | €921,316 | €1,462,288 | +€540,971 | +58.7% |
| Amounts payable after more than one year | 17 | €623,988 | €800,205 | +€176,217 | +28.2% |
| Financial debts | 170/4 | €615,788 | €792,005 | +€176,217 | +28.6% |
| Other amounts payable | 178/9 | €8,200 | €8,200 | = | 0.0% |
| Amounts payable within one year | 42/48 | €297,328 | €662,083 | +€364,754 | +122.7% |
| Current portion of amounts payable after more than one year | 42 | - | €247,571 | +€247,571 | |
| Financial debts | 43 | €48,321 | €102,572 | +€54,251 | +112.3% |
| Credit institutions | 430/8 | €48,321 | €102,572 | +€54,251 | +112.3% |
| Trade debts | 44 | €80,681 | €124,343 | +€43,662 | +54.1% |
| Suppliers | 440/4 | €80,681 | €124,343 | +€43,662 | +54.1% |
| Taxes, remuneration and social security | 45 | €126,023 | €146,278 | +€20,255 | +16.1% |
| Taxes | 450/3 | €74,463 | €84,999 | +€10,536 | +14.1% |
| Remuneration and social security | 454/9 | €51,561 | €61,280 | +€9,719 | +18.8% |
| Other amounts payable | 47/48 | €42,303 | €41,319 | -€984 | -2.3% |
| Turnover | 70 | €2,851,424 | €2,947,993 | +€96,569 | +3.4% |
| Non-recurring operating income | 76A | €93,490 | €111,607 | +€18,117 | +19.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €1,635,709 | €1,745,320 | +€109,611 | +6.7% |
| Remuneration, social security and pensions | 62 | €746,661 | €877,245 | +€130,583 | +17.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €291,511 | €244,016 | -€47,495 | -16.3% |
| Other operating charges | 640/8 | €72,675 | €47,157 | -€25,518 | -35.1% |
| Non-recurring operating charges | 66A | - | €10,000 | +€10,000 | |
| Gross operating margin | 9900 | €1,309,205 | €1,314,281 | +€5,076 | +0.4% |
| Operating profit (loss) | 9901 | €198,358 | €135,864 | -€62,494 | -31.5% |
| Financial income | 75/76B | €0 | €23,584 | +€23,584 | +7369968.8% |
| Recurring financial income | 75 | €0 | €23,584 | +€23,584 | +7369968.8% |
| Financial charges | 65/66B | €37,695 | €66,917 | +€29,222 | +77.5% |
| Recurring financial charges | 65 | €37,695 | €66,917 | +€29,222 | +77.5% |
| Profit (loss) for the period before taxes | 9903 | €160,664 | €92,531 | -€68,132 | -42.4% |
| Income taxes | 67/77 | €49,324 | €38,632 | -€10,692 | -21.7% |
| Profit (loss) for the period | 9904 | €111,340 | €53,899 | -€57,441 | -51.6% |
| Profit (loss) for the period to be appropriated | 9905 | €111,340 | €53,899 | -€57,441 | -51.6% |
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.