Mayco: 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.
Mayco
Largest movements
- Tangible fixed assets -€18,281
down €18,281 (-4.4%), from €417,568 to €399,286
of which Leasing and similar rights: -€14,369
- Receivables within one year +€18,255
up €18,255 (+47.7%), from €38,272 to €56,527
of which Other amounts receivable: +€14,929
- Cash +€8,412
up €8,412 (+58.8%), from €14,306 to €22,718
mainly Net result for the year (+€65,975) and Other debts (+€45,085)
- Other debts +€45,085
up €45,085 (+209%), from €21,532 to €66,617
- Debts after one year -€24,733
down €24,733 (-8.3%), from €297,534 to €272,802
of which Financial debts: -€19,733
- Tax, wage and social debts -€9,285
down €9,285 (-73.8%), from €12,582 to €3,297
of which Taxes: -€9,936
- Gross operating margin +€41,756
up €41,756 (+36.2%), from €115,332 to €157,088
- Depreciation +€5,661
up €5,661 (+26.5%), from €21,336 to €26,996
- Staff costs +€5,570
up €5,570 (+27.1%), from €20,532 to €26,102
- Taxes +€2,348
up €2,348 (+13.9%), from €16,917 to €19,265
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 | €473,411 | €479,957 | +€6,546 | +1.4% |
| Fixed assets | 21/28 | €417,568 | €399,286 | -€18,281 | -4.4% |
| Tangible fixed assets | 22/27 | €417,568 | €399,286 | -€18,281 | -4.4% |
| Land and buildings | 22 | €341,822 | €338,674 | -€3,148 | -0.9% |
| Plant, machinery and equipment | 23 | €702 | €85 | -€617 | -87.9% |
| Furniture and vehicles | 24 | €8,294 | €8,771 | +€477 | +5.8% |
| Leasing and similar rights | 25 | €63,619 | €49,249 | -€14,369 | -22.6% |
| Other tangible fixed assets | 26 | €3,131 | €2,507 | -€624 | -19.9% |
| Current assets | 29/58 | €55,844 | €80,671 | +€24,827 | +44.5% |
| Amounts receivable within one year | 40/41 | €38,272 | €56,527 | +€18,255 | +47.7% |
| Trade receivables | 40 | €18,165 | €21,491 | +€3,326 | +18.3% |
| Other amounts receivable | 41 | €20,107 | €35,036 | +€14,929 | +74.2% |
| Cash at bank and in hand | 54/58 | €14,306 | €22,718 | +€8,412 | +58.8% |
| Deferred charges and accrued income | 490/1 | €3,266 | €1,425 | -€1,840 | -56.3% |
| Total equity and liabilities | 10/49 | €473,411 | €479,957 | +€6,546 | +1.4% |
| Equity | 10/15 | €110,740 | €110,740 | = | 0.0% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €108,240 | €108,240 | = | 0.0% |
| Distributable reserves | 133 | €108,240 | €108,240 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €362,672 | €369,217 | +€6,546 | +1.8% |
| Amounts payable after more than one year | 17 | €297,534 | €272,802 | -€24,733 | -8.3% |
| Financial debts | 170/4 | €182,534 | €162,802 | -€19,733 | -10.8% |
| Other amounts payable | 178/9 | €115,000 | €110,000 | -€5,000 | -4.3% |
| Amounts payable within one year | 42/48 | €63,706 | €95,486 | +€31,779 | +49.9% |
| Current portion of amounts payable after more than one year | 42 | €23,206 | €23,917 | +€711 | +3.1% |
| Trade debts | 44 | €6,386 | €1,655 | -€4,731 | -74.1% |
| Suppliers | 440/4 | €6,386 | €1,655 | -€4,731 | -74.1% |
| Taxes, remuneration and social security | 45 | €12,582 | €3,297 | -€9,285 | -73.8% |
| Taxes | 450/3 | €9,947 | €11 | -€9,936 | -99.9% |
| Remuneration and social security | 454/9 | €2,635 | €3,286 | +€651 | +24.7% |
| Other amounts payable | 47/48 | €21,532 | €66,617 | +€45,085 | +209% |
| Accrued charges and deferred income | 492/3 | €1,431 | €930 | -€501 | -35.0% |
| Non-recurring operating income | 76A | €13,865 | €0 | -€13,865 | -100% |
| Remuneration, social security and pensions | 62 | €20,532 | €26,102 | +€5,570 | +27.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,336 | €26,996 | +€5,661 | +26.5% |
| Other operating charges | 640/8 | €3,504 | €2,597 | -€907 | -25.9% |
| Gross operating margin | 9900 | €115,332 | €157,088 | +€41,756 | +36.2% |
| Operating profit (loss) | 9901 | €69,961 | €101,392 | +€31,432 | +44.9% |
| Financial income | 75/76B | €0 | €1 | +€1 | +664% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +664% |
| Financial charges | 65/66B | €16,302 | €16,152 | -€149 | -0.9% |
| Recurring financial charges | 65 | €16,302 | €16,152 | -€149 | -0.9% |
| Profit (loss) for the period before taxes | 9903 | €53,659 | €85,241 | +€31,582 | +58.9% |
| Income taxes | 67/77 | €16,917 | €19,265 | +€2,348 | +13.9% |
| Profit (loss) for the period | 9904 | €36,742 | €65,975 | +€29,233 | +79.6% |
| Profit (loss) for the period to be appropriated | 9905 | €36,742 | €65,975 | +€29,233 | +79.6% |
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 22 October 2026 via checked.be.