BOB MAURAU: 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.
BOB MAURAU
Largest movements
- Receivables within one year +€212,211
up €212,211 (+28.8%), from €736,300 to €948,511
of which Other amounts receivable: +€211,700
- Tangible fixed assets +€191,702
up €191,702 (+9.3%), from €2.1m to €2.3m
of which Land and buildings: +€206,784
- Cash -€79,272
down €79,272 (-36.9%), from €214,639 to €135,367
mainly Contributions, distributions and other (-€400,000) and Investment in fixed assets (net) (-€309,156)
- Current investments +€56,739
up €56,739 (+6.1%), from €925,934 to €982,673
- Other debts +€250,115
up €250,115 (+10,509%), from €2,380 to €252,495
- Reserves +€130,145
up €130,145 (+3.9%), from €3.4m to €3.5m
of which Distributable reserves: +€133,802
- Financial income +€121,745
up €121,745 (+269%), from €45,307 to €167,052
- Depreciation -€43,523
down €43,523 (-27.0%), from €160,976 to €117,453
- Gross operating margin +€30,737
up €30,737 (+4.7%), from €648,115 to €678,852
- Taxes +€20,204
up €20,204 (+15.1%), from €134,227 to €154,431
- Other operating charges +€8,690
up €8,690 (+119%), from €7,316 to €16,006
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 | €3,960,994 | €4,345,780 | +€384,787 | +9.7% |
| Fixed assets | 21/28 | €2,070,285 | €2,261,987 | +€191,702 | +9.3% |
| Tangible fixed assets | 22/27 | €2,070,285 | €2,261,987 | +€191,702 | +9.3% |
| Land and buildings | 22 | €2,002,666 | €2,209,449 | +€206,784 | +10.3% |
| Furniture and vehicles | 24 | €67,619 | €52,537 | -€15,082 | -22.3% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Current assets | 29/58 | €1,890,709 | €2,083,793 | +€193,084 | +10.2% |
| Amounts receivable within one year | 40/41 | €736,300 | €948,511 | +€212,211 | +28.8% |
| Trade receivables | 40 | - | €511 | +€511 | |
| Other amounts receivable | 41 | €736,300 | €948,000 | +€211,700 | +28.8% |
| Current investments | 50/53 | €925,934 | €982,673 | +€56,739 | +6.1% |
| Cash at bank and in hand | 54/58 | €214,639 | €135,367 | -€79,272 | -36.9% |
| Deferred charges and accrued income | 490/1 | €13,836 | €17,243 | +€3,407 | +24.6% |
| Total equity and liabilities | 10/49 | €3,960,994 | €4,345,780 | +€384,787 | +9.7% |
| Equity | 10/15 | €3,401,722 | €3,531,867 | +€130,145 | +3.8% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €3,371,722 | €3,501,867 | +€130,145 | +3.9% |
| Non-distributable reserves | 130/1 | €3,000 | €3,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,000 | €3,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €87,776 | €84,119 | -€3,657 | -4.2% |
| Distributable reserves | 133 | €3,280,946 | €3,414,748 | +€133,802 | +4.1% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Provisions and deferred taxes | 16 | €29,259 | €28,040 | -€1,219 | -4.2% |
| Deferred taxes | 168 | €29,259 | €28,040 | -€1,219 | -4.2% |
| Amounts payable | 17/49 | €530,012 | €785,873 | +€255,861 | +48.3% |
| Amounts payable after more than one year | 17 | €60,645 | €41,455 | -€19,190 | -31.6% |
| Financial debts | 170/4 | €60,645 | €41,455 | -€19,190 | -31.6% |
| Amounts payable within one year | 42/48 | €447,254 | €721,965 | +€274,711 | +61.4% |
| Current portion of amounts payable after more than one year | 42 | €24,947 | €19,127 | -€5,820 | -23.3% |
| Financial debts | 43 | €403,667 | €441,042 | +€37,375 | +9.3% |
| Other loans | 439 | €403,667 | €441,042 | +€37,375 | +9.3% |
| Trade debts | 44 | €2,824 | €3,229 | +€404 | +14.3% |
| Suppliers | 440/4 | €2,824 | €3,229 | +€404 | +14.3% |
| Taxes, remuneration and social security | 45 | €13,436 | €6,072 | -€7,364 | -54.8% |
| Taxes | 450/3 | €13,436 | €6,072 | -€7,364 | -54.8% |
| Other amounts payable | 47/48 | €2,380 | €252,495 | +€250,115 | +10,509% |
| Accrued charges and deferred income | 492/3 | €22,113 | €22,454 | +€341 | +1.5% |
| Non-recurring operating income | 76A | €2,763 | €0 | -€2,763 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €160,976 | €117,453 | -€43,523 | -27.0% |
| Other operating charges | 640/8 | €7,316 | €16,006 | +€8,690 | +119% |
| Gross operating margin | 9900 | €648,115 | €678,852 | +€30,737 | +4.7% |
| Operating profit (loss) | 9901 | €479,822 | €545,392 | +€65,570 | +13.7% |
| Financial income | 75/76B | €45,307 | €167,052 | +€121,745 | +269% |
| Recurring financial income | 75 | €45,307 | €167,052 | +€121,745 | +269% |
| Financial charges | 65/66B | €26,568 | €29,088 | +€2,519 | +9.5% |
| Recurring financial charges | 65 | €26,568 | €29,088 | +€2,519 | +9.5% |
| Profit (loss) for the period before taxes | 9903 | €498,561 | €683,357 | +€184,795 | +37.1% |
| Transfer from deferred taxes | 780 | €1,219 | €1,219 | = | 0.0% |
| Transfer to deferred taxes | 680 | €0 | - | = | |
| Income taxes | 67/77 | €134,227 | €154,431 | +€20,204 | +15.1% |
| Profit (loss) for the period | 9904 | €365,554 | €530,145 | +€164,591 | +45.0% |
| Transfer from tax-exempt reserves | 789 | €3,657 | €3,657 | = | 0.0% |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €369,211 | €533,802 | +€164,591 | +44.6% |
Source: filed annual accounts (NBB), financial years ended 30 April 2024 and 30 April 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.