LE MAILLON: 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.
LE MAILLON
Largest movements
- Tangible fixed assets -€402,886
no longer reported in 2025 (was €402,886)
of which Land and buildings: -€400,557
- Cash +€351,080
up €351,080, from €0 to €351,080
mainly Investment in fixed assets (net) (+€402,416) and Net result for the year (+€380,257)
- Receivables within one year +€47,000
up €47,000 (+19.0%), from €247,707 to €294,707
of which Other amounts receivable: +€45,500
- Reserves +€411,642
up €411,642 (+109%), from €376,208 to €787,849
of which Tax-exempt reserves: +€411,642
- Revaluation surpluses -€300,000
no longer reported in 2025 (was €300,000)
- Trade debts -€93,562
no longer reported in 2025 (was €93,562)
- Provisions +€82,106
new in 2025: €82,106
- Short-term financial debts -€41,607
no longer reported in 2025 (was €41,607)
of which Other loans: -€40,000
- Gross operating margin +€470,164
up €470,164, from -€1,159 to €469,004
- Other operating charges -€81,117
down €81,117 (-97.1%), from €83,577 to €2,460
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 | €650,595 | €645,789 | -€4,805 | -0.7% |
| Fixed assets | 21/28 | €402,888 | €2 | -€402,886 | -100.0% |
| Tangible fixed assets | 22/27 | €402,886 | - | -€402,886 | |
| Land and buildings | 22 | €400,557 | - | -€400,557 | |
| Furniture and vehicles | 24 | €2,328 | - | -€2,328 | |
| Financial fixed assets | 28 | €2 | €2 | = | 0.0% |
| Current assets | 29/58 | €247,707 | €645,787 | +€398,080 | +161% |
| Amounts receivable within one year | 40/41 | €247,707 | €294,707 | +€47,000 | +19.0% |
| Trade receivables | 40 | €247,707 | €249,207 | +€1,500 | +0.6% |
| Other amounts receivable | 41 | - | €45,500 | +€45,500 | |
| Cash at bank and in hand | 54/58 | €0 | €351,080 | +€351,080 | |
| Total equity and liabilities | 10/49 | €650,595 | €645,789 | -€4,805 | -0.7% |
| Equity | 10/15 | €477,717 | €557,973 | +€80,257 | +16.8% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Revaluation surpluses | 12 | €300,000 | - | -€300,000 | |
| Reserves | 13 | €376,208 | €787,849 | +€411,642 | +109% |
| Non-distributable reserves | 130/1 | €20,850 | €20,850 | = | 0.0% |
| Legal reserve | 130 | €20,850 | €20,850 | = | 0.0% |
| Tax-exempt reserves | 132 | €355,358 | €766,999 | +€411,642 | +116% |
| Profit (loss) carried forward | 14 | -€260,491 | -€291,876 | -€31,385 | -12.0% |
| Provisions and deferred taxes | 16 | - | €82,106 | +€82,106 | |
| Deferred taxes | 168 | - | €82,106 | +€82,106 | |
| Amounts payable | 17/49 | €172,878 | €5,710 | -€167,168 | -96.7% |
| Amounts payable within one year | 42/48 | €172,878 | - | -€172,878 | |
| Current portion of amounts payable after more than one year | 42 | €35,945 | - | -€35,945 | |
| Financial debts | 43 | €41,607 | - | -€41,607 | |
| Credit institutions | 430/8 | €1,607 | - | -€1,607 | |
| Other loans | 439 | €40,000 | - | -€40,000 | |
| Trade debts | 44 | €93,562 | - | -€93,562 | |
| Suppliers | 440/4 | €93,562 | - | -€93,562 | |
| Other amounts payable | 47/48 | €1,765 | - | -€1,765 | |
| Accrued charges and deferred income | 492/3 | - | €5,710 | +€5,710 | |
| Non-recurring operating income | 76A | - | €493,748 | +€493,748 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,004 | €470 | -€534 | -53.2% |
| Other operating charges | 640/8 | €83,577 | €2,460 | -€81,117 | -97.1% |
| Non-recurring operating charges | 66A | - | €358 | +€358 | |
| Gross operating margin | 9900 | -€1,159 | €469,004 | +€470,164 | |
| Operating profit (loss) | 9901 | -€85,740 | €465,716 | +€551,456 | |
| Financial charges | 65/66B | €432 | €3,353 | +€2,921 | +676% |
| Recurring financial charges | 65 | €432 | €3,353 | +€2,921 | +676% |
| Profit (loss) for the period before taxes | 9903 | -€86,173 | €462,363 | +€548,536 | |
| Transfer to deferred taxes | 680 | - | €82,106 | +€82,106 | |
| Profit (loss) for the period | 9904 | -€86,173 | €380,257 | +€466,430 | |
| Transfer to tax-exempt reserves | 689 | - | €411,642 | +€411,642 | |
| Profit (loss) for the period to be appropriated | 9905 | -€86,173 | -€31,385 | +€54,788 | +63.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.