MAYTAH: 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.
MAYTAH
Largest movements
- Current investments -€125,000
down €125,000 (-90.5%), from €138,051 to €13,051
- Cash +€116,108
up €116,108 (+422.2%), from €27,503 to €143,611
mainly Current investments (+€125,000) and Depreciation (+€16,368)
- Tangible fixed assets -€9,126
down €9,126 (-5.4%), from €169,719 to €160,593
of which Other tangible fixed assets: -€14,282
- Receivables within one year +€7,622
up €7,622 (+370.0%), from €2,060 to €9,682
of which Other amounts receivable: +€7,776
- Other debts -€10,563
down €10,563 (-18.4%), from €57,320 to €46,758
- Reserves +€7,826
up €7,826 (+5.5%), from €141,486 to €149,312
of which Distributable reserves: +€7,826
- Gross operating margin -€35,065
down €35,065 (-40.4%), from €86,697 to €51,632
- Taxes -€10,512
down €10,512 (-74.0%), from €14,204 to €3,692
- Financial income +€2,993
up €2,993 (+339.5%), from €882 to €3,875
- Financial charges -€2,393
down €2,393 (-40.7%), from €5,878 to €3,484
- Depreciation +€1,037
up €1,037 (+6.8%), from €15,331 to €16,368
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 | €340,171 | €331,462 | -€8,709 | -2.6% |
| Fixed assets | 21/28 | €169,719 | €160,593 | -€9,126 | -5.4% |
| Tangible fixed assets | 22/27 | €169,719 | €160,593 | -€9,126 | -5.4% |
| Plant, machinery and equipment | 23 | €3,684 | €8,840 | +€5,156 | +140.0% |
| Furniture and vehicles | 24 | €0 | €0 | = | 0.0% |
| Other tangible fixed assets | 26 | €166,035 | €151,753 | -€14,282 | -8.6% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €170,451 | €170,869 | +€417 | +0.2% |
| Stocks and contracts in progress | 3 | €2,838 | €4,526 | +€1,687 | +59.5% |
| Stocks | 30/36 | €2,838 | €4,526 | +€1,687 | +59.5% |
| Amounts receivable within one year | 40/41 | €2,060 | €9,682 | +€7,622 | +370.0% |
| Trade receivables | 40 | €1,773 | €1,618 | -€155 | -8.7% |
| Other amounts receivable | 41 | €287 | €8,063 | +€7,776 | +2705.7% |
| Current investments | 50/53 | €138,051 | €13,051 | -€125,000 | -90.5% |
| Cash at bank and in hand | 54/58 | €27,503 | €143,611 | +€116,108 | +422.2% |
| Total equity and liabilities | 10/49 | €340,171 | €331,462 | -€8,709 | -2.6% |
| Equity | 10/15 | €253,991 | €261,817 | +€7,826 | +3.1% |
| Contributions | 10/11 | €90,000 | €90,000 | = | 0.0% |
| Reserves | 13 | €141,486 | €149,312 | +€7,826 | +5.5% |
| Non-distributable reserves | 130/1 | €9,000 | €9,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €9,000 | €9,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €34,884 | €34,884 | = | 0.0% |
| Distributable reserves | 133 | €97,602 | €105,429 | +€7,826 | +8.0% |
| Profit (loss) carried forward | 14 | €22,505 | €22,505 | = | 0.0% |
| Amounts payable | 17/49 | €86,180 | €69,645 | -€16,535 | -19.2% |
| Amounts payable within one year | 42/48 | €80,303 | €66,166 | -€14,136 | -17.6% |
| Trade debts | 44 | €4,470 | €1,099 | -€3,370 | -75.4% |
| Suppliers | 440/4 | €4,470 | €1,099 | -€3,370 | -75.4% |
| Taxes, remuneration and social security | 45 | €18,513 | €18,309 | -€204 | -1.1% |
| Taxes | 450/3 | €17,346 | €16,697 | -€649 | -3.7% |
| Remuneration and social security | 454/9 | €1,167 | €1,613 | +€446 | +38.2% |
| Other amounts payable | 47/48 | €57,320 | €46,758 | -€10,563 | -18.4% |
| Accrued charges and deferred income | 492/3 | €5,877 | €3,479 | -€2,398 | -40.8% |
| Remuneration, social security and pensions | 62 | €11,430 | €11,160 | -€270 | -2.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,331 | €16,368 | +€1,037 | +6.8% |
| Other operating charges | 640/8 | €12,450 | €12,977 | +€526 | +4.2% |
| Gross operating margin | 9900 | €86,697 | €51,632 | -€35,065 | -40.4% |
| Operating profit (loss) | 9901 | €47,485 | €11,127 | -€36,358 | -76.6% |
| Financial income | 75/76B | €882 | €3,875 | +€2,993 | +339.5% |
| Recurring financial income | 75 | €882 | €3,875 | +€2,993 | +339.5% |
| Financial charges | 65/66B | €5,878 | €3,484 | -€2,393 | -40.7% |
| Recurring financial charges | 65 | €5,878 | €3,484 | -€2,393 | -40.7% |
| Profit (loss) for the period before taxes | 9903 | €42,489 | €11,518 | -€30,971 | -72.9% |
| Income taxes | 67/77 | €14,204 | €3,692 | -€10,512 | -74.0% |
| Profit (loss) for the period | 9904 | €28,285 | €7,826 | -€20,459 | -72.3% |
| Profit (loss) for the period to be appropriated | 9905 | €28,285 | €7,826 | -€20,459 | -72.3% |
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 9 October 2026 via checked.be.