MAYTEN: 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.
MAYTEN
Largest movements
- Intangible fixed assets +€218,781
up €218,781 (+35748.5%), from €612 to €219,393
- Cash -€24,635
down €24,635 (-84.6%), from €29,132 to €4,497
mainly Investment in fixed assets (net) (-€242,497) and Other debts (-€39,013)
- Receivables within one year -€15,570
down €15,570 (-12.0%), from €129,874 to €114,304
of which Other amounts receivable: -€16,064
- Debts after one year +€101,200
new in 2025: €101,200
- Trade debts +€62,947
up €62,947 (+4360.8%), from €1,443 to €64,391
- Other debts -€39,013
down €39,013 (-100.0%), from €39,013 to €0
- Reserves +€35,482
up €35,482 (+17.0%), from €208,670 to €244,152
- Current portion of long-term debt +€17,909
new in 2025: €17,909
- Gross operating margin -€145,870
down €145,870 (-71.4%), from €204,416 to €58,546
- Financial charges -€44,348
down €44,348 (-88.2%), from €50,253 to €5,905
of which Financial charges: -€44,348
- Other operating charges -€29,631
down €29,631 (-96.3%), from €30,774 to €1,142
- Taxes -€24,977
down €24,977 (-74.4%), from €33,593 to €8,617
- Depreciation +€23,086
up €23,086 (+501.4%), from €4,604 to €27,690
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 | €279,821 | €456,107 | +€176,285 | +63.0% |
| Fixed assets | 21/28 | €119,618 | €334,425 | +€214,807 | +179.6% |
| Intangible fixed assets | 21 | €612 | €219,393 | +€218,781 | +35748.5% |
| Tangible fixed assets | 22/27 | €7,152 | €5,928 | -€1,224 | -17.1% |
| Furniture and vehicles | 24 | €7,152 | €5,928 | -€1,224 | -17.1% |
| Financial fixed assets | 28 | €111,854 | €109,104 | -€2,750 | -2.5% |
| Current assets | 29/58 | €160,204 | €121,682 | -€38,522 | -24.0% |
| Amounts receivable within one year | 40/41 | €129,874 | €114,304 | -€15,570 | -12.0% |
| Trade receivables | 40 | €72,600 | €73,094 | +€494 | +0.7% |
| Other amounts receivable | 41 | €57,274 | €41,210 | -€16,064 | -28.0% |
| Cash at bank and in hand | 54/58 | €29,132 | €4,497 | -€24,635 | -84.6% |
| Deferred charges and accrued income | 490/1 | €1,198 | €2,881 | +€1,683 | +140.6% |
| Total equity and liabilities | 10/49 | €279,821 | €456,107 | +€176,285 | +63.0% |
| Equity | 10/15 | €218,670 | €254,152 | +€35,482 | +16.2% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €208,670 | €244,152 | +€35,482 | +17.0% |
| Distributable reserves | 133 | €208,670 | €244,152 | +€35,482 | +17.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €61,151 | €201,955 | +€140,803 | +230.3% |
| Amounts payable after more than one year | 17 | - | €101,200 | +€101,200 | |
| Financial debts | 170/4 | - | €101,200 | +€101,200 | |
| Amounts payable within one year | 42/48 | €61,151 | €100,754 | +€39,603 | +64.8% |
| Current portion of amounts payable after more than one year | 42 | - | €17,909 | +€17,909 | |
| Trade debts | 44 | €1,443 | €64,391 | +€62,947 | +4360.8% |
| Suppliers | 440/4 | €1,443 | €64,391 | +€62,947 | +4360.8% |
| Taxes, remuneration and social security | 45 | €20,695 | €18,455 | -€2,240 | -10.8% |
| Taxes | 450/3 | €20,695 | €18,455 | -€2,240 | -10.8% |
| Other amounts payable | 47/48 | €39,013 | €0 | -€39,013 | -100.0% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,604 | €27,690 | +€23,086 | +501.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €30,774 | €1,142 | -€29,631 | -96.3% |
| Gross operating margin | 9900 | €204,416 | €58,546 | -€145,870 | -71.4% |
| Operating profit (loss) | 9901 | €169,038 | €29,713 | -€139,324 | -82.4% |
| Financial income | 75/76B | €0 | €20,290 | +€20,290 | |
| Recurring financial income | 75 | €0 | €20,290 | +€20,290 | |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €50,253 | €5,905 | -€44,348 | -88.2% |
| Recurring financial charges | 65 | €50,253 | €5,905 | -€44,348 | -88.2% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €118,785 | €44,099 | -€74,686 | -62.9% |
| Income taxes | 67/77 | €33,593 | €8,617 | -€24,977 | -74.4% |
| Profit (loss) for the period | 9904 | €85,192 | €35,482 | -€49,710 | -58.4% |
| Profit (loss) for the period to be appropriated | 9905 | €85,192 | €35,482 | -€49,710 | -58.4% |
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.