DR MAILLEUX: what changed
DR MAILLEUX
Largest movements
- Cash +€73,662
up €73,662 (+97.6%), from €75,461 to €149,123
mainly Net result for the year (+€115,012) and Depreciation (+€3,913)
- Receivables within one year +€10,924
up €10,924 (+181%), from €6,040 to €16,964
of which Other amounts receivable: +€10,472
- Tangible fixed assets -€2,455
down €2,455 (-11.0%), from €22,365 to €19,910
of which Other tangible fixed assets: -€2,181
- Profit (loss) carried forward +€115,012
new in 2025: €115,012
- Other debts -€18,064
down €18,064 (-22.0%), from €82,208 to €64,145
- Tax, wage and social debts -€14,507
no longer reported in 2025 (was €14,507)
- Gross operating margin +€72,102
up €72,102 (+56.3%), from €128,153 to €200,255
- Financial charges +€46,939
up €46,939 (+19,491%), from €241 to €47,180
- Taxes +€5,831
up €5,831 (+21.7%), from €26,929 to €32,760
Change in the result, 31-12-2024 to 31-12-2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €105,950 | €188,149 | +€82,199 | +77.6% |
| Fixed assets | 21/28 | €22,365 | €19,910 | -€2,455 | -11.0% |
| Tangible fixed assets | 22/27 | €22,365 | €19,910 | -€2,455 | -11.0% |
| Plant, machinery and equipment | 23 | - | €1,137 | +€1,137 | |
| Leasing and similar rights | 25 | €4,049 | €2,637 | -€1,411 | -34.9% |
| Other tangible fixed assets | 26 | €18,317 | €16,136 | -€2,181 | -11.9% |
| Current assets | 29/58 | €83,584 | €168,239 | +€84,654 | +101% |
| Amounts receivable within one year | 40/41 | €6,040 | €16,964 | +€10,924 | +181% |
| Trade receivables | 40 | - | €452 | +€452 | |
| Other amounts receivable | 41 | €6,040 | €16,511 | +€10,472 | +173% |
| Cash at bank and in hand | 54/58 | €75,461 | €149,123 | +€73,662 | +97.6% |
| Deferred charges and accrued income | 490/1 | €2,084 | €2,152 | +€68 | +3.3% |
| Total equity and liabilities | 10/49 | €105,950 | €188,149 | +€82,199 | +77.6% |
| Equity | 10/15 | €7,500 | €122,512 | +€115,012 | +1,533% |
| Contributions | 10/11 | €7,500 | €7,500 | = | 0.0% |
| Contributions outside capital | 11 | €7,500 | - | -€7,500 | |
| Other | 1109/19 | €7,500 | - | -€7,500 | |
| Profit (loss) carried forward | 14 | - | €115,012 | +€115,012 | |
| Amounts payable | 17/49 | €98,450 | €65,637 | -€32,813 | -33.3% |
| Amounts payable within one year | 42/48 | €98,450 | €64,145 | -€34,305 | -34.8% |
| Trade debts | 44 | €1,734 | - | -€1,734 | |
| Suppliers | 440/4 | €1,734 | - | -€1,734 | |
| Taxes, remuneration and social security | 45 | €14,507 | - | -€14,507 | |
| Taxes | 450/3 | €14,507 | - | -€14,507 | |
| Other amounts payable | 47/48 | €82,208 | €64,145 | -€18,064 | -22.0% |
| Accrued charges and deferred income | 492/3 | - | €1,492 | +€1,492 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,404 | €3,913 | -€1,491 | -27.6% |
| Other operating charges | 640/8 | - | €1,797 | +€1,797 | |
| Gross operating margin | 9900 | €128,153 | €200,255 | +€72,102 | +56.3% |
| Operating profit (loss) | 9901 | €122,749 | €194,545 | +€71,796 | +58.5% |
| Financial income | 75/76B | €1,137 | €407 | -€730 | -64.2% |
| Recurring financial income | 75 | €1,137 | €407 | -€730 | -64.2% |
| Financial charges | 65/66B | €241 | €47,180 | +€46,939 | +19,491% |
| Recurring financial charges | 65 | €241 | €47,180 | +€46,939 | +19,491% |
| Profit (loss) for the period before taxes | 9903 | €123,645 | €147,772 | +€24,127 | +19.5% |
| Income taxes | 67/77 | €26,929 | €32,760 | +€5,831 | +21.7% |
| Profit (loss) for the period | 9904 | €96,716 | €115,012 | +€18,296 | +18.9% |
| Profit (loss) for the period to be appropriated | 9905 | €96,716 | €115,012 | +€18,296 | +18.9% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.