MAYA VAN BELLEGHEM: 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 VAN BELLEGHEM
Largest movements
- Receivables within one year +€51,022
new in 2025: €51,022
of which Trade receivables: +€43,920
- Cash +€24,813
up €24,813 (+18.0%), from €137,495 to €162,309
mainly Net result for the year (+€58,795) and Tax, wage and social debts (+€14,290)
- Profit (loss) carried forward +€57,962
up €57,962 (+101%), from €57,660 to €115,623
- Tax, wage and social debts +€14,290
up €14,290 (+30.1%), from €47,480 to €61,769
of which Taxes: +€16,960
- Trade debts +€9,659
up €9,659 (+313%), from €3,087 to €12,745
- Other debts -€6,703
down €6,703 (-88.9%), from €7,536 to €833
- Gross operating margin +€1,979
up €1,979 (+2.5%), from €78,067 to €80,046
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 | €143,448 | €218,656 | +€75,208 | +52.4% |
| Fixed assets | 21/28 | €5,780 | €5,123 | -€657 | -11.4% |
| Tangible fixed assets | 22/27 | €5,780 | €5,123 | -€657 | -11.4% |
| Plant, machinery and equipment | 23 | €5,780 | €5,123 | -€657 | -11.4% |
| Current assets | 29/58 | €137,668 | €213,533 | +€75,865 | +55.1% |
| Amounts receivable within one year | 40/41 | - | €51,022 | +€51,022 | |
| Trade receivables | 40 | - | €43,920 | +€43,920 | |
| Other amounts receivable | 41 | - | €7,102 | +€7,102 | |
| Cash at bank and in hand | 54/58 | €137,495 | €162,309 | +€24,813 | +18.0% |
| Deferred charges and accrued income | 490/1 | €173 | €202 | +€29 | +16.9% |
| Total equity and liabilities | 10/49 | €143,448 | €218,656 | +€75,208 | +52.4% |
| Equity | 10/15 | €85,346 | €143,308 | +€57,962 | +67.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €25,686 | €25,686 | = | 0.0% |
| Distributable reserves | 133 | €25,686 | €25,686 | = | 0.0% |
| Profit (loss) carried forward | 14 | €57,660 | €115,623 | +€57,962 | +101% |
| Amounts payable | 17/49 | €58,102 | €75,348 | +€17,245 | +29.7% |
| Amounts payable within one year | 42/48 | €58,102 | €75,348 | +€17,245 | +29.7% |
| Trade debts | 44 | €3,087 | €12,745 | +€9,659 | +313% |
| Suppliers | 440/4 | €3,087 | €12,745 | +€9,659 | +313% |
| Taxes, remuneration and social security | 45 | €47,480 | €61,769 | +€14,290 | +30.1% |
| Taxes | 450/3 | €44,810 | €61,769 | +€16,960 | +37.8% |
| Remuneration and social security | 454/9 | €2,670 | - | -€2,670 | |
| Other amounts payable | 47/48 | €7,536 | €833 | -€6,703 | -88.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €657 | €657 | = | 0.0% |
| Other operating charges | 640/8 | €10 | €18 | +€8 | +80.6% |
| Non-recurring operating charges | 66A | - | €50 | +€50 | |
| Gross operating margin | 9900 | €78,067 | €80,046 | +€1,979 | +2.5% |
| Operating profit (loss) | 9901 | €77,399 | €79,321 | +€1,921 | +2.5% |
| Financial charges | 65/66B | €3,422 | €3,596 | +€174 | +5.1% |
| Recurring financial charges | 65 | €3,422 | €3,596 | +€174 | +5.1% |
| Profit (loss) for the period before taxes | 9903 | €73,977 | €75,725 | +€1,748 | +2.4% |
| Income taxes | 67/77 | €16,317 | €16,930 | +€612 | +3.8% |
| Profit (loss) for the period | 9904 | €57,660 | €58,795 | +€1,135 | +2.0% |
| Profit (loss) for the period to be appropriated | 9905 | €57,660 | €58,795 | +€1,135 | +2.0% |
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 16 October 2026 via checked.be.