Cuisines Mawet: 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.
Cuisines Mawet
Largest movements
- Tangible fixed assets +€290,388
up €290,388 (+355%), from €81,856 to €372,244
of which Assets under construction and advance payments: +€318,439
- Cash -€42,518
down €42,518 (-71.0%), from €59,900 to €17,381
mainly Investment in fixed assets (net) (-€326,495) and Trade debts (-€38,809)
- Receivables within one year -€22,836
down €22,836 (-21.0%), from €108,587 to €85,751
of which Trade receivables: -€15,740
- Stocks and contracts -€13,500
down €13,500 (-34.5%), from €39,180 to €25,680
of which Contracts in progress: -€15,250
- Debts after one year +€243,853
up €243,853 (+362%), from €67,292 to €311,145
- Trade debts -€38,809
down €38,809 (-63.6%), from €61,025 to €22,216
- Advances received -€29,619
down €29,619 (-76.1%), from €38,919 to €9,300
- Current portion of long-term debt +€12,608
up €12,608 (+53.9%), from €23,374 to €35,983
- Reserves +€10,951
up €10,951 (+12.1%), from €90,825 to €101,776
- Staff costs +€44,010
up €44,010 (+15,708%), from €280 to €44,290
- Taxes -€12,864
down €12,864 (-80.8%), from €15,915 to €3,052
- Gross operating margin -€11,495
down €11,495 (-9.9%), from €116,297 to €104,802
- Financial charges +€3,881
up €3,881 (+67.9%), from €5,715 to €9,595
- Other operating charges +€1,762
up €1,762 (+322%), from €547 to €2,308
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 | €294,135 | €505,993 | +€211,857 | +72.0% |
| Fixed assets | 21/28 | €81,856 | €372,244 | +€290,388 | +355% |
| Tangible fixed assets | 22/27 | €81,856 | €372,244 | +€290,388 | +355% |
| Plant, machinery and equipment | 23 | €42,831 | €16,677 | -€26,154 | -61.1% |
| Furniture and vehicles | 24 | €6,516 | €6,985 | +€468 | +7.2% |
| Other tangible fixed assets | 26 | €32,509 | €30,144 | -€2,365 | -7.3% |
| Assets under construction and advance payments | 27 | - | €318,439 | +€318,439 | |
| Current assets | 29/58 | €212,279 | €133,749 | -€78,531 | -37.0% |
| Stocks and contracts in progress | 3 | €39,180 | €25,680 | -€13,500 | -34.5% |
| Stocks | 30/36 | €3,430 | €5,180 | +€1,750 | +51.0% |
| Contracts in progress | 37 | €35,750 | €20,500 | -€15,250 | -42.7% |
| Amounts receivable within one year | 40/41 | €108,587 | €85,751 | -€22,836 | -21.0% |
| Trade receivables | 40 | €73,630 | €57,890 | -€15,740 | -21.4% |
| Other amounts receivable | 41 | €34,957 | €27,862 | -€7,096 | -20.3% |
| Cash at bank and in hand | 54/58 | €59,900 | €17,381 | -€42,518 | -71.0% |
| Deferred charges and accrued income | 490/1 | €4,612 | €4,936 | +€324 | +7.0% |
| Total equity and liabilities | 10/49 | €294,135 | €505,993 | +€211,857 | +72.0% |
| Equity | 10/15 | €95,825 | €106,776 | +€10,951 | +11.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €90,825 | €101,776 | +€10,951 | +12.1% |
| Distributable reserves | 133 | €90,825 | €101,776 | +€10,951 | +12.1% |
| Amounts payable | 17/49 | €198,311 | €399,217 | +€200,906 | +101% |
| Amounts payable after more than one year | 17 | €67,292 | €311,145 | +€243,853 | +362% |
| Financial debts | 170/4 | €67,292 | €311,145 | +€243,853 | +362% |
| Amounts payable within one year | 42/48 | €131,019 | €88,072 | -€42,947 | -32.8% |
| Current portion of amounts payable after more than one year | 42 | €23,374 | €35,983 | +€12,608 | +53.9% |
| Trade debts | 44 | €61,025 | €22,216 | -€38,809 | -63.6% |
| Suppliers | 440/4 | €61,025 | €22,216 | -€38,809 | -63.6% |
| Advances received on contracts in progress | 46 | €38,919 | €9,300 | -€29,619 | -76.1% |
| Taxes, remuneration and social security | 45 | €5,213 | €10,423 | +€5,211 | +100.0% |
| Taxes | 450/3 | €4,713 | €4,713 | = | 0.0% |
| Remuneration and social security | 454/9 | €500 | €5,711 | +€5,211 | +1,042% |
| Other amounts payable | 47/48 | €2,488 | €10,150 | +€7,662 | +308% |
| Remuneration, social security and pensions | 62 | €280 | €44,290 | +€44,010 | +15,708% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,758 | €36,107 | +€1,349 | +3.9% |
| Other operating charges | 640/8 | €547 | €2,308 | +€1,762 | +322% |
| Gross operating margin | 9900 | €116,297 | €104,802 | -€11,495 | -9.9% |
| Operating profit (loss) | 9901 | €80,713 | €22,097 | -€58,616 | -72.6% |
| Financial income | 75/76B | €3,058 | €1,502 | -€1,556 | -50.9% |
| Recurring financial income | 75 | €3,058 | €1,502 | -€1,556 | -50.9% |
| Financial charges | 65/66B | €5,715 | €9,595 | +€3,881 | +67.9% |
| Recurring financial charges | 65 | €5,715 | €9,595 | +€3,881 | +67.9% |
| Profit (loss) for the period before taxes | 9903 | €78,055 | €14,003 | -€64,052 | -82.1% |
| Income taxes | 67/77 | €15,915 | €3,052 | -€12,864 | -80.8% |
| Profit (loss) for the period | 9904 | €62,140 | €10,951 | -€51,189 | -82.4% |
| Profit (loss) for the period to be appropriated | 9905 | €62,140 | €10,951 | -€51,189 | -82.4% |
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 19 October 2026 via checked.be.