De Maeyer Construct: 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.
De Maeyer Construct
Largest movements
- Tangible fixed assets -€36,736
down €36,736 (-14.5%), from €254,057 to €217,321
of which Furniture and vehicles: -€19,221
- Receivables within one year -€31,713
down €31,713 (-75.7%), from €41,908 to €10,194
of which Trade receivables: -€33,513
- Stocks and contracts -€15,660
down €15,660 (-58.9%), from €26,591 to €10,930
of which Stocks: -€17,660
- Cash +€13,849
up €13,849 (+42.5%), from €32,591 to €46,440
mainly Depreciation (+€36,736) and Receivables within one year (+€31,713)
- Profit (loss) carried forward -€41,529
down €41,529 (-249.4%), from -€16,648 to -€58,177
- Current portion of long-term debt -€15,116
down €15,116 (-43.0%), from €35,175 to €20,059
- Debts after one year -€13,059
down €13,059 (-6.2%), from €211,661 to €198,602
- Gross operating margin -€36,916
down €36,916 (-91.6%), from €40,321 to €3,405
- Financial charges -€1,379
down €1,379 (-15.6%), from €8,831 to €7,452
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 | €355,172 | €284,911 | -€70,260 | -19.8% |
| Fixed assets | 21/28 | €254,082 | €217,346 | -€36,736 | -14.5% |
| Tangible fixed assets | 22/27 | €254,057 | €217,321 | -€36,736 | -14.5% |
| Land and buildings | 22 | €219,996 | €208,972 | -€11,024 | -5.0% |
| Plant, machinery and equipment | 23 | €11,884 | €5,393 | -€6,491 | -54.6% |
| Furniture and vehicles | 24 | €22,177 | €2,957 | -€19,221 | -86.7% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €101,089 | €67,565 | -€33,524 | -33.2% |
| Stocks and contracts in progress | 3 | €26,591 | €10,930 | -€15,660 | -58.9% |
| Stocks | 30/36 | €25,591 | €7,930 | -€17,660 | -69.0% |
| Contracts in progress | 37 | €1,000 | €3,000 | +€2,000 | +200.0% |
| Amounts receivable within one year | 40/41 | €41,908 | €10,194 | -€31,713 | -75.7% |
| Trade receivables | 40 | €41,855 | €8,343 | -€33,513 | -80.1% |
| Other amounts receivable | 41 | €53 | €1,852 | +€1,799 | +3425.5% |
| Cash at bank and in hand | 54/58 | €32,591 | €46,440 | +€13,849 | +42.5% |
| Total equity and liabilities | 10/49 | €355,172 | €284,911 | -€70,260 | -19.8% |
| Equity | 10/15 | €76,412 | €34,883 | -€41,529 | -54.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €86,860 | €86,860 | = | 0.0% |
| Distributable reserves | 133 | €86,860 | €86,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,648 | -€58,177 | -€41,529 | -249.4% |
| Amounts payable | 17/49 | €278,760 | €250,028 | -€28,732 | -10.3% |
| Amounts payable after more than one year | 17 | €211,661 | €198,602 | -€13,059 | -6.2% |
| Financial debts | 170/4 | €211,661 | €198,602 | -€13,059 | -6.2% |
| Amounts payable within one year | 42/48 | €67,099 | €51,426 | -€15,672 | -23.4% |
| Current portion of amounts payable after more than one year | 42 | €35,175 | €20,059 | -€15,116 | -43.0% |
| Trade debts | 44 | €14,736 | €14,189 | -€547 | -3.7% |
| Suppliers | 440/4 | €14,736 | €14,189 | -€547 | -3.7% |
| Taxes, remuneration and social security | 45 | €194 | €185 | -€9 | -4.5% |
| Taxes | 450/3 | €194 | €185 | -€9 | -4.5% |
| Other amounts payable | 47/48 | €16,993 | €16,993 | = | 0.0% |
| Non-recurring operating income | 76A | €29,000 | - | -€29,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,601 | €36,736 | +€135 | +0.4% |
| Other operating charges | 640/8 | €806 | €561 | -€245 | -30.4% |
| Gross operating margin | 9900 | €40,321 | €3,405 | -€36,916 | -91.6% |
| Operating profit (loss) | 9901 | €2,914 | -€33,892 | -€36,806 | |
| Financial income | 75/76B | €8 | - | -€8 | |
| Recurring financial income | 75 | €8 | - | -€8 | |
| Financial charges | 65/66B | €8,831 | €7,452 | -€1,379 | -15.6% |
| Recurring financial charges | 65 | €8,831 | €7,452 | -€1,379 | -15.6% |
| Profit (loss) for the period before taxes | 9903 | -€5,909 | -€41,344 | -€35,435 | -599.7% |
| Income taxes | 67/77 | €194 | €185 | -€9 | -4.5% |
| Profit (loss) for the period | 9904 | -€6,103 | -€41,529 | -€35,426 | -580.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,103 | -€41,529 | -€35,426 | -580.5% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.