GROUPE MAUDUSFOR: 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.
GROUPE MAUDUSFOR
Largest movements
- Tangible fixed assets -€21,025
down €21,025 (-8.0%), from €263,847 to €242,822
of which Land and buildings: -€20,328
- Cash -€11,333
down €11,333 (-8.1%), from €139,491 to €128,158
mainly Net result for the year (-€29,823) and Investment in fixed assets (net) (-€9,552)
- Deferred charges and accrued income +€5,900
up €5,900 (+72.0%), from €8,190 to €14,090
- Profit (loss) carried forward -€29,823
down €29,823 (-95.0%), from -€31,383 to -€61,206
- Trade debts +€10,164
up €10,164 (+85.4%), from €11,898 to €22,062
- Gross operating margin -€16,808
down €16,808 (-60.5%), from €27,795 to €10,987
- Staff costs -€5,121
down €5,121 (-96.9%), from €5,286 to €165
- Depreciation -€672
down €672 (-2.2%), from €31,248 to €30,576
- Financial charges -€545
down €545 (-59.2%), from €920 to €375
of which Non-recurring financial charges: -€690
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 | €430,190 | €405,555 | -€24,636 | -5.7% |
| Fixed assets | 21/28 | €263,847 | €242,822 | -€21,025 | -8.0% |
| Tangible fixed assets | 22/27 | €263,847 | €242,822 | -€21,025 | -8.0% |
| Land and buildings | 22 | €261,628 | €241,301 | -€20,328 | -7.8% |
| Plant, machinery and equipment | 23 | €1,707 | €1,138 | -€569 | -33.3% |
| Furniture and vehicles | 24 | €511 | €383 | -€128 | -25.0% |
| Current assets | 29/58 | €166,344 | €162,732 | -€3,611 | -2.2% |
| Amounts receivable within one year | 40/41 | €18,663 | €20,484 | +€1,822 | +9.8% |
| Trade receivables | 40 | €15,948 | €17,769 | +€1,822 | +11.4% |
| Other amounts receivable | 41 | €2,715 | €2,715 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €139,491 | €128,158 | -€11,333 | -8.1% |
| Deferred charges and accrued income | 490/1 | €8,190 | €14,090 | +€5,900 | +72.0% |
| Total equity and liabilities | 10/49 | €430,190 | €405,555 | -€24,636 | -5.7% |
| Equity | 10/15 | €403,602 | €373,779 | -€29,823 | -7.4% |
| Contributions | 10/11 | €371,840 | €371,840 | = | 0.0% |
| Reserves | 13 | €63,145 | €63,145 | = | 0.0% |
| Non-distributable reserves | 130/1 | €60,811 | €60,811 | = | 0.0% |
| Reserves not available under the articles | 1311 | €37,184 | €37,184 | = | 0.0% |
| Own shares acquired | 1312 | €23,627 | €23,627 | = | 0.0% |
| Distributable reserves | 133 | €2,334 | €2,334 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€31,383 | -€61,206 | -€29,823 | -95.0% |
| Amounts payable | 17/49 | €26,588 | €31,776 | +€5,188 | +19.5% |
| Amounts payable after more than one year | 17 | €6,100 | €6,100 | = | 0.0% |
| Other amounts payable | 178/9 | €6,100 | €6,100 | = | 0.0% |
| Amounts payable within one year | 42/48 | €20,488 | €25,676 | +€5,188 | +25.3% |
| Trade debts | 44 | €11,898 | €22,062 | +€10,164 | +85.4% |
| Suppliers | 440/4 | €11,898 | €22,062 | +€10,164 | +85.4% |
| Taxes, remuneration and social security | 45 | €764 | - | -€764 | |
| Remuneration and social security | 454/9 | €764 | - | -€764 | |
| Other amounts payable | 47/48 | €7,825 | €3,613 | -€4,212 | -53.8% |
| Remuneration, social security and pensions | 62 | €5,286 | €165 | -€5,121 | -96.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,248 | €30,576 | -€672 | -2.2% |
| Other operating charges | 640/8 | €11,097 | €10,911 | -€186 | -1.7% |
| Gross operating margin | 9900 | €27,795 | €10,987 | -€16,808 | -60.5% |
| Operating profit (loss) | 9901 | -€19,836 | -€30,665 | -€10,829 | -54.6% |
| Financial income | 75/76B | €1,053 | €1,276 | +€223 | +21.1% |
| Recurring financial income | 75 | €1,053 | €1,276 | +€223 | +21.1% |
| Financial charges | 65/66B | €920 | €375 | -€545 | -59.2% |
| Recurring financial charges | 65 | €230 | €375 | +€145 | +63.3% |
| Non-recurring financial charges | 66B | €690 | - | -€690 | |
| Profit (loss) for the period before taxes | 9903 | -€19,703 | -€29,765 | -€10,062 | -51.1% |
| Income taxes | 67/77 | €179 | €59 | -€120 | -67.1% |
| Profit (loss) for the period | 9904 | -€19,882 | -€29,823 | -€9,942 | -50.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€19,882 | -€29,823 | -€9,942 | -50.0% |
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.