MAYGILL: 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.
MAYGILL
Largest movements
- Tangible fixed assets -€51,649
down €51,649 (-4.3%), from €1.2m to €1.2m
- Receivables within one year -€40,877
down €40,877 (-88.5%), from €46,172 to €5,296
- Debts after one year -€153,233
down €153,233 (-14.6%), from €1.0m to €895,511
of which Financial debts: -€145,189
- Other debts +€47,103
up €47,103 (+15332.5%), from €307 to €47,410
- Current portion of long-term debt +€17,955
up €17,955 (+9.9%), from €181,162 to €199,117
- Financial income -€14,700
down €14,700 (-53.6%), from €27,404 to €12,704
- Gross operating margin -€9,663
down €9,663 (-5.9%), from €164,341 to €154,678
- Financial charges -€5,734
down €5,734 (-9.0%), from €64,003 to €58,269
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,514,693 | €1,419,486 | -€95,207 | -6.3% |
| Fixed assets | 21/28 | €1,464,800 | €1,413,151 | -€51,649 | -3.5% |
| Tangible fixed assets | 22/27 | €1,201,836 | €1,150,187 | -€51,649 | -4.3% |
| Land and buildings | 22 | €1,201,836 | €1,150,187 | -€51,649 | -4.3% |
| Financial fixed assets | 28 | €262,964 | €262,964 | = | 0.0% |
| Current assets | 29/58 | €49,893 | €6,335 | -€43,558 | -87.3% |
| Amounts receivable within one year | 40/41 | €46,172 | €5,296 | -€40,877 | -88.5% |
| Other amounts receivable | 41 | €46,172 | €5,296 | -€40,877 | -88.5% |
| Cash at bank and in hand | 54/58 | €1,835 | €1,040 | -€795 | -43.3% |
| Deferred charges and accrued income | 490/1 | €1,886 | - | -€1,886 | |
| Total equity and liabilities | 10/49 | €1,514,693 | €1,419,486 | -€95,207 | -6.3% |
| Equity | 10/15 | €260,855 | €249,757 | -€11,097 | -4.3% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €242,305 | €231,207 | -€11,097 | -4.6% |
| Distributable reserves | 133 | €242,305 | €231,207 | -€11,097 | -4.6% |
| Amounts payable | 17/49 | €1,253,838 | €1,169,729 | -€84,109 | -6.7% |
| Amounts payable after more than one year | 17 | €1,048,744 | €895,511 | -€153,233 | -14.6% |
| Financial debts | 170/4 | €977,784 | €832,595 | -€145,189 | -14.8% |
| Other amounts payable | 178/9 | €70,960 | €62,916 | -€8,044 | -11.3% |
| Amounts payable within one year | 42/48 | €191,585 | €255,710 | +€64,124 | +33.5% |
| Current portion of amounts payable after more than one year | 42 | €181,162 | €199,117 | +€17,955 | +9.9% |
| Taxes, remuneration and social security | 45 | €10,116 | €9,182 | -€934 | -9.2% |
| Taxes | 450/3 | €10,116 | €9,182 | -€934 | -9.2% |
| Other amounts payable | 47/48 | €307 | €47,410 | +€47,103 | +15332.5% |
| Accrued charges and deferred income | 492/3 | €13,509 | €18,508 | +€4,999 | +37.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,731 | €51,649 | -€1,082 | -2.1% |
| Other operating charges | 640/8 | €25,045 | €26,467 | +€1,423 | +5.7% |
| Gross operating margin | 9900 | €164,341 | €154,678 | -€9,663 | -5.9% |
| Operating profit (loss) | 9901 | €86,566 | €76,562 | -€10,004 | -11.6% |
| Financial income | 75/76B | €27,404 | €12,704 | -€14,700 | -53.6% |
| Recurring financial income | 75 | €27,404 | €12,704 | -€14,700 | -53.6% |
| Financial charges | 65/66B | €64,003 | €58,269 | -€5,734 | -9.0% |
| Recurring financial charges | 65 | €64,003 | €58,269 | -€5,734 | -9.0% |
| Profit (loss) for the period before taxes | 9903 | €49,967 | €30,997 | -€18,970 | -38.0% |
| Income taxes | 67/77 | €5,595 | €7,095 | +€1,500 | +26.8% |
| Profit (loss) for the period | 9904 | €44,372 | €23,903 | -€20,470 | -46.1% |
| Profit (loss) for the period to be appropriated | 9905 | €44,372 | €23,903 | -€20,470 | -46.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.