DE LOOZE - MAES: what changed
Two fiscal 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.
DE LOOZE - MAES
Largest movements
- Receivables within one year -€66,280
down €66,280 (-97.3%), from €68,116 to €1,836
of which Other amounts receivable: -€35,462
- Tangible fixed assets -€25,053
down €25,053 (-17.4%), from €143,750 to €118,697
of which Land and buildings: -€36,459
- Cash +€11,921
up €11,921 (+4.5%), from €265,292 to €277,213
mainly Net result for the year (+€110,938) and Receivables within one year (+€66,280)
- Deferred charges and accrued income -€7,089
down €7,089 (-68.0%), from €10,431 to €3,342
- Debts after one year -€75,582
down €75,582 (-73.8%), from €102,482 to €26,901
- Reserves +€65,938
up €65,938 (+422.3%), from €15,614 to €81,552
of which Distributable reserves: +€67,475
- Trade debts -€61,066
down €61,066 (-25.1%), from €243,219 to €182,153
- Tax, wage and social debts -€11,001
down €11,001 (-13.4%), from €81,837 to €70,836
of which Remuneration and social security: -€8,839
- Accrued charges and deferred income -€5,924
down €5,924 (-97.7%), from €6,063 to €140
- Gross operating margin +€86,946
up €86,946 (+14.8%), from €585,624 to €672,571
- Taxes +€26,928
up €26,928 (+158.0%), from €17,038 to €43,967
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 | €521,682 | €438,167 | -€83,515 | -16.0% |
| Fixed assets | 21/28 | €149,600 | €124,547 | -€25,053 | -16.7% |
| Tangible fixed assets | 22/27 | €143,750 | €118,697 | -€25,053 | -17.4% |
| Land and buildings | 22 | €97,569 | €61,110 | -€36,459 | -37.4% |
| Plant, machinery and equipment | 23 | €45,376 | €54,466 | +€9,090 | +20.0% |
| Furniture and vehicles | 24 | €805 | €3,120 | +€2,315 | +287.6% |
| Financial fixed assets | 28 | €5,850 | €5,850 | = | 0.0% |
| Current assets | 29/58 | €372,082 | €313,620 | -€58,462 | -15.7% |
| Stocks and contracts in progress | 3 | €28,243 | €31,229 | +€2,986 | +10.6% |
| Stocks | 30/36 | €28,243 | €31,229 | +€2,986 | +10.6% |
| Amounts receivable within one year | 40/41 | €68,116 | €1,836 | -€66,280 | -97.3% |
| Trade receivables | 40 | €32,622 | €1,805 | -€30,817 | -94.5% |
| Other amounts receivable | 41 | €35,493 | €31 | -€35,462 | -99.9% |
| Cash at bank and in hand | 54/58 | €265,292 | €277,213 | +€11,921 | +4.5% |
| Deferred charges and accrued income | 490/1 | €10,431 | €3,342 | -€7,089 | -68.0% |
| Total equity and liabilities | 10/49 | €521,682 | €438,167 | -€83,515 | -16.0% |
| Equity | 10/15 | €15,614 | €81,552 | +€65,938 | +422.3% |
| Reserves | 13 | €15,614 | €81,552 | +€65,938 | +422.3% |
| Tax-exempt reserves | 132 | €2,535 | €997 | -€1,538 | -60.7% |
| Distributable reserves | 133 | €13,079 | €80,554 | +€67,475 | +515.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €634 | €249 | -€384 | -60.7% |
| Deferred taxes | 168 | €634 | €249 | -€384 | -60.7% |
| Amounts payable | 17/49 | €505,434 | €356,366 | -€149,068 | -29.5% |
| Amounts payable after more than one year | 17 | €102,482 | €26,901 | -€75,582 | -73.8% |
| Financial debts | 170/4 | €102,482 | €26,901 | -€75,582 | -73.8% |
| Amounts payable within one year | 42/48 | €396,888 | €329,325 | -€67,563 | -17.0% |
| Current portion of amounts payable after more than one year | 42 | €22,198 | €26,107 | +€3,909 | +17.6% |
| Financial debts | 43 | €2,969 | €2,946 | -€23 | -0.8% |
| Credit institutions | 430/8 | €2,969 | €2,946 | -€23 | -0.8% |
| Trade debts | 44 | €243,219 | €182,153 | -€61,066 | -25.1% |
| Suppliers | 440/4 | €243,219 | €182,153 | -€61,066 | -25.1% |
| Taxes, remuneration and social security | 45 | €81,837 | €70,836 | -€11,001 | -13.4% |
| Taxes | 450/3 | €11,462 | €9,300 | -€2,162 | -18.9% |
| Remuneration and social security | 454/9 | €70,375 | €61,536 | -€8,839 | -12.6% |
| Other amounts payable | 47/48 | €46,665 | €47,283 | +€618 | +1.3% |
| Accrued charges and deferred income | 492/3 | €6,063 | €140 | -€5,924 | -97.7% |
| Remuneration, social security and pensions | 62 | €450,123 | €452,553 | +€2,430 | +0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,903 | €50,571 | +€5,668 | +12.6% |
| Other operating charges | 640/8 | €2,864 | €656 | -€2,209 | -77.1% |
| Gross operating margin | 9900 | €585,624 | €672,571 | +€86,946 | +14.8% |
| Operating profit (loss) | 9901 | €87,734 | €168,791 | +€81,057 | +92.4% |
| Financial income | 75/76B | €2 | €433 | +€432 | +23080.2% |
| Recurring financial income | 75 | €2 | €433 | +€432 | +23080.2% |
| Financial charges | 65/66B | €14,540 | €14,704 | +€164 | +1.1% |
| Recurring financial charges | 65 | €14,540 | €14,704 | +€164 | +1.1% |
| Profit (loss) for the period before taxes | 9903 | €73,195 | €154,520 | +€81,325 | +111.1% |
| Transfer from deferred taxes | 780 | €384 | €384 | = | 0.0% |
| Income taxes | 67/77 | €17,038 | €43,967 | +€26,928 | +158.0% |
| Profit (loss) for the period | 9904 | €56,541 | €110,938 | +€54,396 | +96.2% |
| Transfer from tax-exempt reserves | 789 | €1,538 | €1,538 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €58,079 | €112,475 | +€54,396 | +93.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.