T4Q MAYFLOWER: what changed
T4Q MAYFLOWER
Largest movements
- Receivables within one year +€35,442
up €35,442 (+57.2%), from €61,920 to €97,361
of which Trade receivables: +€45,059
- Cash +€33,837
up €33,837 (+2,253%), from €1,502 to €35,339
mainly Other debts (+€32,490) and Tax, wage and social debts (+€31,540)
- Receivables after one year -€4,285
down €4,285 (-100%), from €4,285 to €0
- Deferred charges and accrued income +€2,708
up €2,708 (+8,358%), from €32 to €2,741
- Other debts +€32,490
up €32,490 (+43.1%), from €75,435 to €107,925
- Profit (loss) carried forward -€31,762
down €31,762 (-6.1%), from -€520,857 to -€552,619
- Tax, wage and social debts +€31,540
new in 2025: €31,540
of which Taxes: +€16,476
- Accrued charges and deferred income +€28,689
new in 2025: €28,689
- Trade debts +€6,746
up €6,746 (+182%), from €3,711 to €10,456
- Staff costs +€96,327
new in 2025: €96,327
- Gross operating margin +€76,706
up €76,706, from -€3,996 to €72,710
- Financial charges +€3,817
up €3,817 (+101%), from €3,780 to €7,597
- Financial income +€1,632
up €1,632 (+664%), from €246 to €1,878
- Other operating charges +€1,557
up €1,557 (+366%), from €425 to €1,982
Change in the result, 31-12-2024 to 31-12-2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €68,739 | €136,441 | +€67,702 | +98.5% |
| Fixed assets | 21/28 | €1,000 | €1,000 | = | 0.0% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €67,739 | €135,441 | +€67,702 | +99.9% |
| Amounts receivable after more than one year | 29 | €4,285 | €0 | -€4,285 | -100% |
| Other amounts receivable | 291 | €4,285 | €0 | -€4,285 | -100% |
| Amounts receivable within one year | 40/41 | €61,920 | €97,361 | +€35,442 | +57.2% |
| Trade receivables | 40 | €48,542 | €93,601 | +€45,059 | +92.8% |
| Other amounts receivable | 41 | €13,378 | €3,761 | -€9,617 | -71.9% |
| Cash at bank and in hand | 54/58 | €1,502 | €35,339 | +€33,837 | +2,253% |
| Deferred charges and accrued income | 490/1 | €32 | €2,741 | +€2,708 | +8,358% |
| Total equity and liabilities | 10/49 | €68,739 | €136,441 | +€67,702 | +98.5% |
| Equity | 10/15 | -€500,406 | -€532,168 | -€31,762 | -6.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€520,857 | -€552,619 | -€31,762 | -6.1% |
| Amounts payable | 17/49 | €569,145 | €668,609 | +€99,464 | +17.5% |
| Amounts payable after more than one year | 17 | €490,000 | €490,000 | = | 0.0% |
| Financial debts | 170/4 | €490,000 | €490,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €79,145 | €149,921 | +€70,776 | +89.4% |
| Trade debts | 44 | €3,711 | €10,456 | +€6,746 | +182% |
| Suppliers | 440/4 | €3,711 | €10,456 | +€6,746 | +182% |
| Taxes, remuneration and social security | 45 | - | €31,540 | +€31,540 | |
| Taxes | 450/3 | - | €16,476 | +€16,476 | |
| Remuneration and social security | 454/9 | - | €15,064 | +€15,064 | |
| Other amounts payable | 47/48 | €75,435 | €107,925 | +€32,490 | +43.1% |
| Accrued charges and deferred income | 492/3 | - | €28,689 | +€28,689 | |
| Non-recurring operating income | 76A | - | €174 | +€174 | |
| Remuneration, social security and pensions | 62 | - | €96,327 | +€96,327 | |
| Other operating charges | 640/8 | €425 | €1,982 | +€1,557 | +366% |
| Gross operating margin | 9900 | -€3,996 | €72,710 | +€76,706 | |
| Operating profit (loss) | 9901 | -€4,422 | -€25,600 | -€21,178 | -479% |
| Financial income | 75/76B | €246 | €1,878 | +€1,632 | +664% |
| Recurring financial income | 75 | €246 | €1,878 | +€1,632 | +664% |
| Financial charges | 65/66B | €3,780 | €7,597 | +€3,817 | +101% |
| Recurring financial charges | 65 | €3,780 | €7,597 | +€3,817 | +101% |
| Profit (loss) for the period before taxes | 9903 | -€7,956 | -€31,319 | -€23,362 | -294% |
| Income taxes | 67/77 | - | €443 | +€443 | |
| Profit (loss) for the period | 9904 | -€7,956 | -€31,762 | -€23,806 | -299% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,956 | -€31,762 | -€23,806 | -299% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.