MAYOR: 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.
MAYOR
Largest movements
- Tangible fixed assets -€47,360
down €47,360 (-19.7%), from €240,973 to €193,612
of which Leasing and similar rights: -€47,143
- Cash -€19,320
down €19,320 (-17.7%), from €109,382 to €90,062
mainly Debts after one year (-€20,790) and Current portion of long-term debt (-€17,717)
- Receivables within one year +€11,756
up €11,756 (+277.1%), from €4,242 to €15,998
of which Trade receivables: +€11,008
- Deferred charges and accrued income -€10,906
down €10,906 (-61.4%), from €17,767 to €6,861
- Debts after one year -€20,790
down €20,790 (-64.0%), from €32,470 to €11,680
of which Other amounts payable: -€12,236
- Current portion of long-term debt -€17,717
down €17,717 (-67.4%), from €26,271 to €8,554
- Trade debts -€16,136
down €16,136 (-53.1%), from €30,377 to €14,242
- Accrued charges and deferred income -€5,091
down €5,091 (-37.7%), from €13,491 to €8,399
- Gross operating margin -€18,679
down €18,679 (-6.0%), from €312,358 to €293,679
- Staff costs -€3,613
down €3,613 (-1.5%), from €242,537 to €238,924
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 | €383,132 | €319,126 | -€64,006 | -16.7% |
| Fixed assets | 21/28 | €241,948 | €194,587 | -€47,360 | -19.6% |
| Tangible fixed assets | 22/27 | €240,973 | €193,612 | -€47,360 | -19.7% |
| Land and buildings | 22 | €139,258 | €119,354 | -€19,904 | -14.3% |
| Plant, machinery and equipment | 23 | €4,759 | €42,633 | +€37,874 | +795.9% |
| Furniture and vehicles | 24 | €49,814 | €31,626 | -€18,188 | -36.5% |
| Leasing and similar rights | 25 | €47,143 | €0 | -€47,143 | -100.0% |
| Financial fixed assets | 28 | €975 | €975 | = | 0.0% |
| Current assets | 29/58 | €141,184 | €124,538 | -€16,645 | -11.8% |
| Stocks and contracts in progress | 3 | €9,793 | €11,617 | +€1,824 | +18.6% |
| Stocks | 30/36 | €9,793 | €11,617 | +€1,824 | +18.6% |
| Amounts receivable within one year | 40/41 | €4,242 | €15,998 | +€11,756 | +277.1% |
| Trade receivables | 40 | €0 | €11,008 | +€11,008 | |
| Other amounts receivable | 41 | €4,242 | €4,990 | +€748 | +17.6% |
| Cash at bank and in hand | 54/58 | €109,382 | €90,062 | -€19,320 | -17.7% |
| Deferred charges and accrued income | 490/1 | €17,767 | €6,861 | -€10,906 | -61.4% |
| Total equity and liabilities | 10/49 | €383,132 | €319,126 | -€64,006 | -16.7% |
| Equity | 10/15 | €248,788 | €245,249 | -€3,538 | -1.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €243,649 | €243,649 | = | 0.0% |
| Distributable reserves | 133 | €243,649 | €243,649 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,462 | -€17,000 | -€3,538 | -26.3% |
| Amounts payable | 17/49 | €134,344 | €73,877 | -€60,467 | -45.0% |
| Amounts payable after more than one year | 17 | €32,470 | €11,680 | -€20,790 | -64.0% |
| Financial debts | 170/4 | €11,428 | €2,875 | -€8,554 | -74.8% |
| Other amounts payable | 178/9 | €21,041 | €8,805 | -€12,236 | -58.2% |
| Amounts payable within one year | 42/48 | €88,383 | €53,798 | -€34,586 | -39.1% |
| Current portion of amounts payable after more than one year | 42 | €26,271 | €8,554 | -€17,717 | -67.4% |
| Trade debts | 44 | €30,377 | €14,242 | -€16,136 | -53.1% |
| Suppliers | 440/4 | €30,377 | €14,242 | -€16,136 | -53.1% |
| Taxes, remuneration and social security | 45 | €31,735 | €31,002 | -€733 | -2.3% |
| Taxes | 450/3 | €13,988 | €14,520 | +€531 | +3.8% |
| Remuneration and social security | 454/9 | €17,747 | €16,482 | -€1,264 | -7.1% |
| Accrued charges and deferred income | 492/3 | €13,491 | €8,399 | -€5,091 | -37.7% |
| Remuneration, social security and pensions | 62 | €242,537 | €238,924 | -€3,613 | -1.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,442 | €50,210 | +€2,768 | +5.8% |
| Other operating charges | 640/8 | €4,984 | €4,818 | -€167 | -3.3% |
| Gross operating margin | 9900 | €312,358 | €293,679 | -€18,679 | -6.0% |
| Operating profit (loss) | 9901 | €17,395 | -€273 | -€17,669 | |
| Financial income | 75/76B | €211 | €238 | +€28 | +13.2% |
| Recurring financial income | 75 | €211 | €238 | +€28 | +13.2% |
| Financial charges | 65/66B | €4,281 | €3,013 | -€1,268 | -29.6% |
| Recurring financial charges | 65 | €4,281 | €3,013 | -€1,268 | -29.6% |
| Profit (loss) for the period before taxes | 9903 | €13,325 | -€3,048 | -€16,373 | |
| Income taxes | 67/77 | €505 | €491 | -€14 | -2.8% |
| Profit (loss) for the period | 9904 | €12,820 | -€3,538 | -€16,359 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,820 | -€3,538 | -€16,359 |
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 4 October 2026 via checked.be.