DR MAIRESSE: 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.
DR MAIRESSE
Largest movements
- Current investments +€41,200
up €41,200 (+98.1%), from €42,000 to €83,200
- Receivables after one year +€39,348
new in 2025: €39,348
- Tangible fixed assets +€15,510
up €15,510 (+251%), from €6,168 to €21,678
of which Furniture and vehicles: +€8,309
- Receivables within one year +€10,524
up €10,524 (+645%), from €1,632 to €12,157
of which Trade receivables: +€12,157
- Cash +€9,029
up €9,029 (+117%), from €7,714 to €16,743
mainly Net result for the year (+€116,049) and Other debts (+€61,448)
- Other debts +€61,448
up €61,448 (+11,869%), from €518 to €61,966
- Reserves +€55,614
up €55,614 (+113%), from €49,185 to €104,799
- Tax, wage and social debts +€7,063
up €7,063 (+221%), from €3,199 to €10,262
of which Taxes: +€6,287
- Trade debts -€1,964
down €1,964 (-93.7%), from €2,097 to €133
- Gross operating margin +€90,090
up €90,090 (+142%), from €63,538 to €153,628
- Taxes +€20,729
up €20,729 (+155%), from €13,371 to €34,100
- Depreciation +€1,721
up €1,721 (+158%), from €1,088 to €2,809
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 | €57,998 | €180,160 | +€122,162 | +211% |
| Fixed assets | 21/28 | €6,168 | €21,678 | +€15,510 | +251% |
| Tangible fixed assets | 22/27 | €6,168 | €21,678 | +€15,510 | +251% |
| Furniture and vehicles | 24 | €6,168 | €14,477 | +€8,309 | +135% |
| Other tangible fixed assets | 26 | - | €7,201 | +€7,201 | |
| Current assets | 29/58 | €51,830 | €158,482 | +€106,652 | +206% |
| Amounts receivable after more than one year | 29 | - | €39,348 | +€39,348 | |
| Other amounts receivable | 291 | - | €39,348 | +€39,348 | |
| Amounts receivable within one year | 40/41 | €1,632 | €12,157 | +€10,524 | +645% |
| Trade receivables | 40 | - | €12,157 | +€12,157 | |
| Other amounts receivable | 41 | €1,632 | - | -€1,632 | |
| Current investments | 50/53 | €42,000 | €83,200 | +€41,200 | +98.1% |
| Cash at bank and in hand | 54/58 | €7,714 | €16,743 | +€9,029 | +117% |
| Deferred charges and accrued income | 490/1 | €484 | €7,035 | +€6,551 | +1,354% |
| Total equity and liabilities | 10/49 | €57,998 | €180,160 | +€122,162 | +211% |
| Equity | 10/15 | €52,185 | €107,799 | +€55,614 | +107% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €49,185 | €104,799 | +€55,614 | +113% |
| Distributable reserves | 133 | €49,185 | €104,799 | +€55,614 | +113% |
| Amounts payable | 17/49 | €5,813 | €72,361 | +€66,547 | +1,145% |
| Amounts payable within one year | 42/48 | €5,813 | €72,361 | +€66,547 | +1,145% |
| Trade debts | 44 | €2,097 | €133 | -€1,964 | -93.7% |
| Suppliers | 440/4 | €2,097 | €133 | -€1,964 | -93.7% |
| Taxes, remuneration and social security | 45 | €3,199 | €10,262 | +€7,063 | +221% |
| Taxes | 450/3 | €243 | €6,530 | +€6,287 | +2,588% |
| Remuneration and social security | 454/9 | €2,956 | €3,732 | +€776 | +26.3% |
| Other amounts payable | 47/48 | €518 | €61,966 | +€61,448 | +11,869% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,088 | €2,809 | +€1,721 | +158% |
| Other operating charges | 640/8 | €183 | €679 | +€496 | +272% |
| Gross operating margin | 9900 | €63,538 | €153,628 | +€90,090 | +142% |
| Operating profit (loss) | 9901 | €62,268 | €150,140 | +€87,873 | +141% |
| Financial income | 75/76B | €11 | €92 | +€82 | +770% |
| Recurring financial income | 75 | €11 | €92 | +€82 | +770% |
| Financial charges | 65/66B | €83 | €83 | +€1 | +0.9% |
| Recurring financial charges | 65 | €83 | €83 | +€1 | +0.9% |
| Profit (loss) for the period before taxes | 9903 | €62,196 | €150,149 | +€87,953 | +141% |
| Income taxes | 67/77 | €13,371 | €34,100 | +€20,729 | +155% |
| Profit (loss) for the period | 9904 | €48,825 | €116,049 | +€67,225 | +138% |
| Profit (loss) for the period to be appropriated | 9905 | €48,825 | €116,049 | +€67,225 | +138% |
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 23 October 2026 via checked.be.