MAYS: 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.
MAYS
Largest movements
- Stocks and contracts +€7,709
up €7,709 (+119%), from €6,453 to €14,162
- Cash +€4,786
up €4,786 (+107%), from €4,468 to €9,254
mainly Net result for the year (+€10,646) and Receivables within one year (+€2,467)
- Receivables within one year -€2,467
down €2,467 (-32.2%), from €7,660 to €5,193
of which Other amounts receivable: -€1,458
- Tangible fixed assets -€477
down €477 (-73.9%), from €645 to €168
of which Plant, machinery and equipment: -€343
- Reserves +€10,500
new in 2025: €10,500
- Trade debts -€3,294
down €3,294 (-39.1%), from €8,424 to €5,130
- Tax, wage and social debts +€2,193
up €2,193 (+125%), from €1,760 to €3,954
- Gross operating margin +€19,684
up €19,684, from -€2,161 to €17,523
- Taxes +€2,661
new in 2025: €2,661
- Other operating charges +€2,268
up €2,268 (+250%), from €907 to €3,175
- Financial charges +€387
up €387 (+159%), from €244 to €630
- Depreciation -€280
down €280 (-37.0%), from €757 to €477
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 | €19,226 | €28,777 | +€9,551 | +49.7% |
| Fixed assets | 21/28 | €645 | €168 | -€477 | -73.9% |
| Tangible fixed assets | 22/27 | €645 | €168 | -€477 | -73.9% |
| Plant, machinery and equipment | 23 | €511 | €168 | -€343 | -67.1% |
| Furniture and vehicles | 24 | €134 | - | -€134 | |
| Current assets | 29/58 | €18,581 | €28,609 | +€10,028 | +54.0% |
| Stocks and contracts in progress | 3 | €6,453 | €14,162 | +€7,709 | +119% |
| Stocks | 30/36 | €6,453 | €14,162 | +€7,709 | +119% |
| Amounts receivable within one year | 40/41 | €7,660 | €5,193 | -€2,467 | -32.2% |
| Trade receivables | 40 | €6,201 | €5,193 | -€1,009 | -16.3% |
| Other amounts receivable | 41 | €1,458 | - | -€1,458 | |
| Cash at bank and in hand | 54/58 | €4,468 | €9,254 | +€4,786 | +107% |
| Total equity and liabilities | 10/49 | €19,226 | €28,777 | +€9,551 | +49.7% |
| Equity | 10/15 | €9,042 | €19,687 | +€10,646 | +118% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | - | €10,500 | +€10,500 | |
| Distributable reserves | 133 | - | €10,500 | +€10,500 | |
| Profit (loss) carried forward | 14 | €7,542 | €7,687 | +€146 | +1.9% |
| Amounts payable | 17/49 | €10,184 | €9,090 | -€1,095 | -10.7% |
| Amounts payable within one year | 42/48 | €10,184 | €9,090 | -€1,095 | -10.7% |
| Trade debts | 44 | €8,424 | €5,130 | -€3,294 | -39.1% |
| Suppliers | 440/4 | €8,424 | €5,130 | -€3,294 | -39.1% |
| Taxes, remuneration and social security | 45 | €1,760 | €3,954 | +€2,193 | +125% |
| Taxes | 450/3 | €1,760 | €3,954 | +€2,193 | +125% |
| Other amounts payable | 47/48 | - | €6 | +€6 | |
| Non-recurring operating income | 76A | - | €900 | +€900 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €757 | €477 | -€280 | -37.0% |
| Other operating charges | 640/8 | €907 | €3,175 | +€2,268 | +250% |
| Gross operating margin | 9900 | -€2,161 | €17,523 | +€19,684 | |
| Operating profit (loss) | 9901 | -€3,825 | €13,871 | +€17,695 | |
| Financial income | 75/76B | €123 | €66 | -€57 | -46.2% |
| Recurring financial income | 75 | €123 | €66 | -€57 | -46.2% |
| Financial charges | 65/66B | €244 | €630 | +€387 | +159% |
| Recurring financial charges | 65 | €244 | €630 | +€387 | +159% |
| Profit (loss) for the period before taxes | 9903 | -€3,946 | €13,306 | +€17,252 | |
| Income taxes | 67/77 | - | €2,661 | +€2,661 | |
| Profit (loss) for the period | 9904 | -€3,946 | €10,646 | +€14,591 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,946 | €10,646 | +€14,591 |
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 20 October 2026 via checked.be.