MAYFLOWER: 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.
MAYFLOWER
Largest movements
- Cash +€172,626
up €172,626 (+70.6%), from €244,341 to €416,967
mainly Net result for the year (+€330,125) and Other debts (+€167,460)
- Deferred charges and accrued income +€14,799
up €14,799 (+584.2%), from €2,533 to €17,333
- Other debts +€167,460
up €167,460 (+124.5%), from €134,548 to €302,009
- Reserves +€30,125
new in 2025: €30,125
- Short-term financial debts +€8,383
up €8,383 (+171.6%), from €4,884 to €13,266
- Tax, wage and social debts -€8,155
down €8,155 (-10.0%), from €81,736 to €73,580
of which Taxes: -€9,786
- Trade debts -€7,389
down €7,389 (-41.2%), from €17,929 to €10,540
- Gross operating margin +€303,665
up €303,665 (+112.3%), from €270,302 to €573,966
- Taxes +€68,323
up €68,323 (+142.0%), from €48,099 to €116,422
- Staff costs +€30,920
up €30,920 (+38.4%), from €80,451 to €111,371
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 | €259,534 | €448,120 | +€188,586 | +72.7% |
| Fixed assets | 21/28 | €5,263 | €6,430 | +€1,167 | +22.2% |
| Intangible fixed assets | 21 | €362 | €1,936 | +€1,575 | +435.1% |
| Tangible fixed assets | 22/27 | €4,691 | €4,283 | -€407 | -8.7% |
| Plant, machinery and equipment | 23 | €1,027 | €443 | -€584 | -56.8% |
| Furniture and vehicles | 24 | €3,664 | €3,840 | +€176 | +4.8% |
| Financial fixed assets | 28 | €210 | €210 | = | 0.0% |
| Current assets | 29/58 | €254,272 | €441,690 | +€187,419 | +73.7% |
| Stocks and contracts in progress | 3 | €3,913 | €2,376 | -€1,537 | -39.3% |
| Stocks | 30/36 | €3,913 | €2,376 | -€1,537 | -39.3% |
| Amounts receivable within one year | 40/41 | €3,484 | €5,014 | +€1,530 | +43.9% |
| Trade receivables | 40 | €1,747 | €1,437 | -€310 | -17.7% |
| Other amounts receivable | 41 | €1,738 | €3,578 | +€1,840 | +105.9% |
| Cash at bank and in hand | 54/58 | €244,341 | €416,967 | +€172,626 | +70.6% |
| Deferred charges and accrued income | 490/1 | €2,533 | €17,333 | +€14,799 | +584.2% |
| Total equity and liabilities | 10/49 | €259,534 | €448,120 | +€188,586 | +72.7% |
| Equity | 10/15 | €18,600 | €48,725 | +€30,125 | +162.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | - | €30,125 | +€30,125 | |
| Distributable reserves | 133 | - | €30,125 | +€30,125 | |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €240,934 | €399,395 | +€158,461 | +65.8% |
| Amounts payable within one year | 42/48 | €239,097 | €399,395 | +€160,298 | +67.0% |
| Financial debts | 43 | €4,884 | €13,266 | +€8,383 | +171.6% |
| Credit institutions | 430/8 | €4,884 | €13,266 | +€8,383 | +171.6% |
| Trade debts | 44 | €17,929 | €10,540 | -€7,389 | -41.2% |
| Suppliers | 440/4 | €17,929 | €10,540 | -€7,389 | -41.2% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €81,736 | €73,580 | -€8,155 | -10.0% |
| Taxes | 450/3 | €74,484 | €64,699 | -€9,786 | -13.1% |
| Remuneration and social security | 454/9 | €7,251 | €8,882 | +€1,631 | +22.5% |
| Other amounts payable | 47/48 | €134,548 | €302,009 | +€167,460 | +124.5% |
| Accrued charges and deferred income | 492/3 | €1,838 | €0 | -€1,838 | -100.0% |
| Remuneration, social security and pensions | 62 | €80,451 | €111,371 | +€30,920 | +38.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,643 | €3,011 | -€632 | -17.3% |
| Other operating charges | 640/8 | €4,589 | €2,501 | -€2,089 | -45.5% |
| Gross operating margin | 9900 | €270,302 | €573,966 | +€303,665 | +112.3% |
| Operating profit (loss) | 9901 | €181,619 | €457,084 | +€275,465 | +151.7% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €9,834 | €10,536 | +€702 | +7.1% |
| Recurring financial charges | 65 | €9,834 | €10,536 | +€702 | +7.1% |
| Profit (loss) for the period before taxes | 9903 | €171,784 | €446,548 | +€274,763 | +159.9% |
| Income taxes | 67/77 | €48,099 | €116,422 | +€68,323 | +142.0% |
| Profit (loss) for the period | 9904 | €123,685 | €330,125 | +€206,440 | +166.9% |
| Profit (loss) for the period to be appropriated | 9905 | €123,685 | €330,125 | +€206,440 | +166.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.