THE MAFFIA: 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.
THE MAFFIA
Largest movements
- Cash +€49,080
up €49,080 (+28.7%), from €170,850 to €219,930
mainly Other debts (+€107,816) and Receivables within one year (+€41,427)
- Receivables within one year -€41,427
down €41,427 (-12.8%), from €324,148 to €282,722
of which Trade receivables: -€67,916
- Tangible fixed assets +€8,275
up €8,275 (+116%), from €7,148 to €15,423
of which Other tangible fixed assets: +€10,298
- Other debts +€107,816
up €107,816 (+60.1%), from €179,295 to €287,112
- Trade debts -€103,478
down €103,478 (-40.7%), from €254,028 to €150,550
- Accrued charges and deferred income +€6,829
up €6,829 (+81.8%), from €8,344 to €15,173
- Gross operating margin +€69,693
up €69,693 (+62.9%), from €110,811 to €180,504
- Staff costs +€59,774
up €59,774 (+69.1%), from €86,567 to €146,341
- Financial charges +€6,746
up €6,746 (+48.5%), from €13,894 to €20,640
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 | €544,456 | €555,155 | +€10,699 | +2.0% |
| Fixed assets | 21/28 | €45,868 | €49,493 | +€3,625 | +7.9% |
| Intangible fixed assets | 21 | €37,595 | €32,945 | -€4,650 | -12.4% |
| Tangible fixed assets | 22/27 | €7,148 | €15,423 | +€8,275 | +116% |
| Plant, machinery and equipment | 23 | €452 | €135 | -€317 | -70.0% |
| Furniture and vehicles | 24 | €6,696 | €4,990 | -€1,707 | -25.5% |
| Other tangible fixed assets | 26 | - | €10,298 | +€10,298 | |
| Financial fixed assets | 28 | €1,125 | €1,125 | = | 0.0% |
| Current assets | 29/58 | €498,588 | €505,662 | +€7,074 | +1.4% |
| Amounts receivable within one year | 40/41 | €324,148 | €282,722 | -€41,427 | -12.8% |
| Trade receivables | 40 | €324,148 | €256,232 | -€67,916 | -21.0% |
| Other amounts receivable | 41 | - | €26,490 | +€26,490 | |
| Cash at bank and in hand | 54/58 | €170,850 | €219,930 | +€49,080 | +28.7% |
| Deferred charges and accrued income | 490/1 | €3,589 | €3,010 | -€579 | -16.1% |
| Total equity and liabilities | 10/49 | €544,456 | €555,155 | +€10,699 | +2.0% |
| Equity | 10/15 | €33,600 | €34,873 | +€1,273 | +3.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,600 | €14,873 | +€1,273 | +9.4% |
| Amounts payable | 17/49 | €510,856 | €520,282 | +€9,426 | +1.8% |
| Amounts payable after more than one year | 17 | €46,500 | €46,500 | = | 0.0% |
| Financial debts | 170/4 | €46,500 | €46,500 | = | 0.0% |
| Amounts payable within one year | 42/48 | €456,012 | €458,609 | +€2,597 | +0.6% |
| Trade debts | 44 | €254,028 | €150,550 | -€103,478 | -40.7% |
| Suppliers | 440/4 | €254,028 | €150,550 | -€103,478 | -40.7% |
| Taxes, remuneration and social security | 45 | €22,688 | €20,947 | -€1,741 | -7.7% |
| Taxes | 450/3 | €11,616 | €2,754 | -€8,863 | -76.3% |
| Remuneration and social security | 454/9 | €11,072 | €18,193 | +€7,121 | +64.3% |
| Other amounts payable | 47/48 | €179,295 | €287,112 | +€107,816 | +60.1% |
| Accrued charges and deferred income | 492/3 | €8,344 | €15,173 | +€6,829 | +81.8% |
| Remuneration, social security and pensions | 62 | €86,567 | €146,341 | +€59,774 | +69.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,422 | €9,116 | +€694 | +8.2% |
| Other operating charges | 640/8 | €409 | €633 | +€225 | +55.0% |
| Gross operating margin | 9900 | €110,811 | €180,504 | +€69,693 | +62.9% |
| Operating profit (loss) | 9901 | €15,413 | €24,413 | +€9,000 | +58.4% |
| Financial income | 75/76B | €589 | €297 | -€292 | -49.5% |
| Recurring financial income | 75 | €589 | €297 | -€292 | -49.5% |
| Financial charges | 65/66B | €13,894 | €20,640 | +€6,746 | +48.5% |
| Recurring financial charges | 65 | €13,894 | €20,640 | +€6,746 | +48.5% |
| Profit (loss) for the period before taxes | 9903 | €2,107 | €4,070 | +€1,963 | +93.1% |
| Income taxes | 67/77 | €1,738 | €2,797 | +€1,060 | +61.0% |
| Profit (loss) for the period | 9904 | €369 | €1,273 | +€903 | +244% |
| Profit (loss) for the period to be appropriated | 9905 | €369 | €1,273 | +€903 | +244% |
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 14 October 2026 via checked.be.