Kantoor MAENHAUT: 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.
Kantoor MAENHAUT
Largest movements
- Tangible fixed assets -€8,521
down €8,521 (-43.7%), from €19,503 to €10,982
of which Land and buildings: -€7,000
- Reserves -€8,810
down €8,810 (-2.4%), from €366,939 to €358,129
- Gross operating margin +€25,874
up €25,874 (+16.6%), from €155,410 to €181,284
- Taxes +€8,996
up €8,996 (+21.0%), from €42,891 to €51,887
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 | €398,913 | €390,012 | -€8,900 | -2.2% |
| Fixed assets | 21/28 | €22,665 | €14,144 | -€8,521 | -37.6% |
| Tangible fixed assets | 22/27 | €19,503 | €10,982 | -€8,521 | -43.7% |
| Land and buildings | 22 | €14,000 | €7,000 | -€7,000 | -50.0% |
| Furniture and vehicles | 24 | €5,503 | €3,982 | -€1,521 | -27.6% |
| Financial fixed assets | 28 | €3,162 | €3,162 | = | 0.0% |
| Current assets | 29/58 | €376,247 | €375,868 | -€379 | -0.1% |
| Amounts receivable within one year | 40/41 | €4,039 | €1,318 | -€2,721 | -67.4% |
| Trade receivables | 40 | €450 | €225 | -€225 | -50.0% |
| Other amounts receivable | 41 | €3,589 | €1,093 | -€2,496 | -69.5% |
| Current investments | 50/53 | €83,285 | €83,285 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €281,209 | €283,491 | +€2,281 | +0.8% |
| Deferred charges and accrued income | 490/1 | €7,714 | €7,774 | +€60 | +0.8% |
| Total equity and liabilities | 10/49 | €398,913 | €390,012 | -€8,900 | -2.2% |
| Equity | 10/15 | €396,939 | €388,129 | -€8,810 | -2.2% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €366,939 | €358,129 | -€8,810 | -2.4% |
| Distributable reserves | 133 | €366,939 | €358,129 | -€8,810 | -2.4% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €1,974 | €1,883 | -€90 | -4.6% |
| Amounts payable within one year | 42/48 | €1,213 | €1,119 | -€94 | -7.7% |
| Trade debts | 44 | €1,213 | €1,119 | -€94 | -7.7% |
| Suppliers | 440/4 | €1,213 | €1,119 | -€94 | -7.7% |
| Accrued charges and deferred income | 492/3 | €761 | €764 | +€3 | +0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,867 | €8,521 | +€655 | +8.3% |
| Other operating charges | 640/8 | €1,901 | €1,943 | +€42 | +2.2% |
| Gross operating margin | 9900 | €155,410 | €181,284 | +€25,874 | +16.6% |
| Operating profit (loss) | 9901 | €145,643 | €170,820 | +€25,177 | +17.3% |
| Financial income | 75/76B | €1,600 | €3,267 | +€1,667 | +104% |
| Recurring financial income | 75 | €1,600 | €3,267 | +€1,667 | +104% |
| Financial charges | 65/66B | €1,457 | €69 | -€1,388 | -95.3% |
| Recurring financial charges | 65 | €1,457 | €69 | -€1,388 | -95.3% |
| Profit (loss) for the period before taxes | 9903 | €145,786 | €174,018 | +€28,232 | +19.4% |
| Income taxes | 67/77 | €42,891 | €51,887 | +€8,996 | +21.0% |
| Profit (loss) for the period | 9904 | €102,895 | €122,131 | +€19,236 | +18.7% |
| Profit (loss) for the period to be appropriated | 9905 | €102,895 | €122,131 | +€19,236 | +18.7% |
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 19 October 2026 via checked.be.